From February 1 2025, Ukrainian banks will introduce restrictions on money transfers between individuals.
This was reported by URA-Inform with reference to the memorandum “On Ensuring Transparency of the Payment Services Market”.
According to the document, Ukrainians will be able to transfer up to 150 thousand hryvnia per month without official confirmation of income. And from June 1, this amount will decrease to 100 thousand hryvnia. However, for “high” risk clients, such as high-ranking officials or individuals who often make suspicious transactions, banks will set a limit of up to 50 thousand hryvnia per month.
If the client has documented income that exceeds the established limit, banks will make transfers within the limits of the confirmed income. In addition, during servicing, the client has the right to contact the bank with a request to increase the established limit, but must provide the financial institution with documentary evidence of the origin of the funds.
“Documentary confirmation of income includes, among other things, receiving documents/information in electronic form, in particular, OK5 and OK7 certificates generated by the client, or a tax return, or salary information, or confirmation of payments from government agencies, confirmed income of family members (or a tax return, or salary information, or confirmation of payments from government agencies), confirmation of volunteer activities, or other documents that can confirm the legality of the income received,” — the document says.
In addition, the document also provides for:
– conducting thorough checks of clients and monitoring financial transactions;
– creating a centralized register of dubious clients marked as “drop”;
– establishing automated rules for monitoring transactions at night (from 24:00 to 06:00);
– strengthening communications with clients to document the sources of their income.
Recall that earlier it was reported that banking secrecy had been disclosed: the NBU made an important statement.
