Starting February 1, Ukrainian banks will impose restrictions on money transfers between individuals, setting a monthly limit of 150,000 UAH for payments made using IBAN details. TSN reports. This information has been shared by Kontrakty.UA.
The relevant memorandum has been signed by the largest banks in Ukraine.
This new regulation will only apply to clients who do not have documented proof of income. Banks will categorize these clients into three risk groups: "high," "medium," and "low." Each group will have its own specific restrictions.
For clients classified as "high" risk, the limit will be set at 50,000 UAH per month.
For clients in the "medium" and "low" risk categories, the restrictions will be implemented in two phases:
- from February 1, 2025 — up to 150,000 UAH
- from June 1, 2025 — up to 100,000 UAH
It was previously reported that the VR is preparing to revise the rules regarding the credit histories of Ukrainians. Read more about this in the news.