The National Bank of Ukraine (NBU) has introduced a number of changes to the procedure for opening and managing accounts, as well as new limits on transfers between cards. Here are the main innovations that affect citizens and businesses.
Simplification of account opening procedures
The NBU has improved the process of opening and closing accounts, simplifying the lives of bank customers.
- Electronic signature instead of a sample signature
The regulator has eliminated the requirement to provide a sample signature for individuals, entrepreneurs and authorized persons during account transactions. Documents can now be signed using an electronic signature if this is provided for in the contract. - Convenience for customers in difficult situations
Using an electronic signature will be useful for those who, due to illness or other circumstances, cannot sign in person. This significantly expands access to banking services for people with disabilities. - Accounts for non-bank payment providers
Non-bank payment providers will now be able to open accounts for other similar organizations. However, such accounts can only be used for transactions with their own funds. - Clarity in the right to dispose of accounts
The NBU has clarified the list of persons who can dispose of accounts and sign payment instructions, increasing transparency in banking transactions.
