💳 Ukrainian Banks Sign Memorandum on Card Transfer Restrictions

The largest Ukrainian banks, including PrivatBank, monobank, Oschadbank, Raiffeisen Bank, OTP Bank, PUMB, TAScombank, Pravex Bank, as well as NABU and the Association of Ukrainian Banks, have introduced new restrictions on card transfers:

▫️ For high-risk clients: – Limit of UAH 50,000 (around $1,365) per month for all transfers, including card-to-card transfers and IBAN details.

▫️ For medium and low-risk clients: – From January 1, 2025, the limit will be UAH 150,000 (around $4,095) per month. – From June 1, 2025, the limit will be reduced to UAH 100,000 (around $2,730) per month.

This move is aimed at tightening financial controls and security. How will this impact transactions in Ukraine? 🤔