Restrictions on bank transfers from February 1 — what's important to know
news.online.ua
a month ago
Why did the NBU announce new restrictionsThe fact is that last month, several large Ukrainian banks and associations signed a Memorandum on ensuring transparency in the functioning of the payment services market.The innovations will affect exclusively those users of banking services who cannot confirm the legitimacy of their income.Key objectives of the Memorandumcombating fraudulent financial schemes, in particular, the use of drops customers who, for a fee, provide access to their cards or accounts for dubious transactionsreduction of the shadow economybringing the Ukrainian banking sector into line with the unified standards and requirements of EU legislation.It is worth noting that this document has already been signed by dozens of Ukrainian banks, as well as 2 payment systems, in particular Oschadbank, PrivatBank, Raiffeisen Bank, FUIB, Universal Bank, Sense Bank, payment systems NovaPay, RozetkaPay.What restrictions will apply from February 1, 2025The innovations will apply not only to P2P transfers, but also to outgoing transfers using IBAN details in national and foreign currencies.What is important to understand is that they are introduced for clients without confirmed income, depending on which risk group they belong tohigh risk group clients limit of UAH 50,000 per monthclients of medium and low risk groups limit of 150 thousand UAH per month from June 1 100 thousand UAH.In addition, it is emphasized that each bank will use its own assessment criteria when opening an account and in the process of further servicing the client.The NBU draws attention to the fact that banks will also introduce restrictions on the number of accounts credit, deposit, and accounts for payments under state programs are not taken into account.
What is important to understand is that a client without confirmed sources of income can have no more than 3 accounts in the same currency.
Financial institutions will conduct an indepth study of the business activities of newly created individual entrepreneurs up to 6 months of taxation group 1 and monitor account transactions according to the amount of average monthly income.
Individual entrepreneurs on the general or simplified system of groups 23 will be checked according to their own criteria of a riskbased approach.
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