Limits on card transfers - instead of NBU restrictions, limits of banking memorandum are in effect

Today, April 1, the limits on card transfers for individuals, which were established from October 1 by the National Bank of Ukraine (NBU), have expired.

However, the limits established by the banking memorandum, which was signed in December last year, continue to apply.

This memorandum provides that from February 01, 2025 - for clients with a "high" risk level, a limit of up to UAH 50,000 per month will be set.

For clients with "medium" and "low" risk levels - in accordance with the limits and terms of phased implementation: from February 01, 2025 - up to UAH 150,000 per month; from June 01, 2025 - up to UAH 100,000 per month.

The limits will not include transactions for transferring funds between two accounts opened by the client in the same bank.

If the client has documented income exceeding the limit established on the date, banks will make transfers within the limits of the confirmed income.

In addition, during the service, the client has the right to contact the payment service provider participating in the Memorandum with a request to increase the established limit with the mandatory provision of documentary confirmation of funds.

The above-mentioned memorandum was signed by PrivatBank, Oschadbank, Mono, Raiffeisen Bank, JSC Ukreximbank, JSC Ukrgasbank, JSC Crystalbank, JSC CB Globus, PJSC MTB Bank, JSC JSC Radabank, JSC Idea Bank, JSC Altbank, JSC Bank Alliance, JSC EPB, JSC Clearing House, JSC Policombank, JSC Bank Trust-Capital, JSC Ukrainian Bank for Reconstruction and Development, JSC OKSI Bank, JSC First Investment Bank, JSC Agroprosperis Bank, LLC NovaPay, JSC ProCredit Bank, JSC Cominbank, JSC Pravex Bank, LLC FC EVO (RozetkaPay), JSC Bank Ukrainian Capital, JSC Sense Bank, JSC Sky-Bank.

As Ukrainian News Agency earlier reported, the establishment of limits on money transfers through a memorandum of banks took place under the influence of the state. This opinion was expressed to journalists by the Verkhovna Rada member from the European Solidarity faction, member of the Committee on Finance, Tax and Customs Policy Nina Yuzhanina.

Card transfers of Ukrainians decreased by 6 pp. to 31.1% in 2024 compared to 2023, when they were 37.1%.