Starting from February 1, Ukrainian banks will implement limits on money transfers. The respective memorandums have been signed by the largest banks in Ukraine. This new regulation only applies to clients without documented income. Financial institutions will categorize these clients into three risk groups. They will be allowed to transfer amounts ranging from 50,000 (high-risk) to 150,000 UAH per month.
This was announced by Andriy Dubas, president of the Association of Ukrainian Banks, during a national television marathon "Unified News."
"We have reached an agreement among 44 banks and two major financial companies, with banking associations also signing on. These new regulations do not apply to payments for goods, services, products, stores, utilities, and so on. There are no restrictions in those areas. The limitations only concern the transfer of funds from one individual to another without any confirmations or justifications."
From February 1, 2025, this limit will be set at 150,000 UAH. This is quite a significant amount, and when we agreed on this figure, we intentionally aimed to make it so that 9 out of 10 clients of Ukrainian banks would not notice any difference. Starting from June 1, 2025, this figure will be reduced to 100,000 UAH…
Who are considered high-risk clients? According to statistics from the banking sector, these clients account for 0.6-0.9% of the total volume. For instance, citizens from countries like Iran, North Korea, and Myanmar, if they come to Ukraine and open a bank account.
These are public figures, but not Ukrainian officials; they are foreign representatives of state organizations, such as parliamentarians.
Additionally, banks will trigger a "flag" if an ordinary individual with regular income suddenly receives a large sum of money, for example, half a million UAH…
A very sensitive category of citizens includes our defenders who are on the front lines and may receive combat payments exceeding 100,000-150,000 UAH. Typically, they transfer these funds to their wives and families. We have also taken this into account, and there is a large list of documents that can immediately confirm that you have a source of income greater than the established limit," — shared Andriy Dubas.