New rules that will regulate citizens' card transfers will come into effect in Ukraine from the beginning of February 2025. In particular, limits are set without official confirmation of income, which are aimed at ensuring the transparency of financial transactions and minimizing the risks of money laundering.
According to the Memorandum on Ensuring Transparency of the Payment Services Market, signed by the National Bank of Ukraine and the country's leading banks, the following restrictions are introduced:
- For medium and low risk clients:
- From February 1, 2025, the maximum limit for transfers will be UAH 150,000/month.
- From June 1, 2025, this limit will be reduced to UAH 100,000/month.
- For high-risk clients:
- From February 1, 2025, the limit will be 50 thousand UAH/month.
It is worth noting that banks may classify high-ranking officials or individuals who carry out suspicious transactions as high risk.
Features of the new rules
- Transfers between accounts opened at the same bank and belonging to the same client remain without restrictions
- If the client has documentary evidence of income exceeding the established limit, banks will allow transactions within this income.
- Clients have the right to contact the bank with a request to increase the limit by providing supporting documents regarding sources of income.
In addition to setting limits, the Memorandum provides for the following actions:
- Creation of a centralized register of questionable customers with a “drop” mark.
- Enhanced monitoring of night operations (from 24:00 to 06:00).
- Thorough verification of clients and their sources of income.
- Active communication with clients to clarify financial transactions.
The introduction of new rules is aimed at strengthening trust in the banking system and reducing the risks of financial crimes. President of the Association of Ukrainian Banks Andriy Dubas noted that these changes will be an important step towards creating a transparent and stable financial ecosystem in Ukraine.
Despite some inconvenience for customers, the implementation of such measures will help minimize illegal financial transactions, strengthen the responsibility of market participants and ensure stability in the banking sector. Customers should prepare for the new rules and, if necessary, take care of early confirmation of the sources of their income.
