Ukraine’s largest banks have signed a memorandum imposing restrictions on outgoing transfers without documentary proof of income, according to RBC-Ukraine.
The new rules have been approved by monobank, Oschadbank, OTP Bank, PrivatBank, PUMB, Raiffeisen Bank, Tascombank, and Universal Bank. The memorandum remains open for further signatories.
For high-risk clients, the limit is set at 50,000 hryvnias. For medium and low-risk clients:
- from January 1, 2025 — up to 150,000 hryvnias per month,
- from June 1 — up to 100,000 hryvnias per month.
The restrictions will apply to all transfers, including those using IBAN details.
Participating banks will limit the number of accounts in a single currency per client to no more than three, unless income sources are verified. This does not apply to deposit, credit accounts, and accounts for government support programs.
Clients planning to make transfers exceeding the monthly limit must provide documentary proof of income.
Additionally, banks will scrutinize transfers by individuals and FOP with differentiation based on the client’s risk profile and planned account activity.
Earlier, from October 1, 2024, to April 1, 2025, the National Bank of Ukraine imposed a limit of 150,000 hryvnias per month on outgoing P2P transfers between individuals.