Ukrainian banks are more active in blocking customer accounts due to "risky" wording in the purpose of the payment, Telegraf reports. Finmonitoring pays attention not only to the amounts, but also to what exactly you write in the comments to the transfer.
Suspicion may arise from transfers between individuals with the following notes:
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"for the crypt"
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"Currency exchange"
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"for goods/services", if the money is received on a regular card, and not on the account of the individual entrepreneur
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"returning a debt", especially if such "debts" are sent regularly between the same individuals
Why this happens
Banks are required to perform financial monitoring — to track transactions that may appear to be illegal business activities, tax evasion, or the circulation of prohibited assets (including cryptocurrencies without declaration). If the bank's algorithm detects suspicious activity, the account may be temporarily blocked until the origin of the funds is clarified.
Most often, clients are asked to provide explanations and documents - for example, a sales contract, a check, an expense invoice, a certificate of work performed, or confirmation that this is truly a one-time personal assistance, and not a "gray" activity.
What bankers advise
Experts advise against using wording in the purpose of payment that directly alludes to currency, cryptocurrency transactions, or commercial sales “from hand to hand” without paying taxes. A safer strategy is to indicate neutral reasons or not to go into unnecessary detail in p2p transfers between friends/family.
If you actually sell goods or provide a service on a regular basis, it is better to accept payment officially as an individual entrepreneur or through a payment service that provides documentary confirmation. This reduces the risks of blocking and further questions from the bank/tax office.
