The National Bank of Ukraine has lifted the monthly transfer limit of 150,000 UAH that was imposed in October 2024.
This information has been reported by the NBU press service.
The restrictions applied to all individual accounts in a single bank for transfers between individuals.
These measures helped to reduce the "anomalous spike" in transfer volumes and halted the increase in the number of payment cards that was observed in September and October 2024.
According to the new legislation, the NBU has improved the regulation of the financial services market and increased fines for violators of payment legislation. A Memorandum on the Transparency of the Payment Services Market has also been signed, with most banks and licensed payment providers joining.
It is noted that the National Bank continues to enhance the monitoring of payment operations and collaborates with law enforcement to combat criminal schemes. The Bureau of Economic Security recently exposed a network of over 4,000 drop individuals.
The National Bank has also prepared a concept for a register of individuals requiring enhanced scrutiny, which will be sent to the Verkhovna Rada of Ukraine for further consideration in April.
Reminder:
The National Bank of Ukraine (NBU) has established new restrictions on foreign transactions using payment cards from Ukrainian banks starting September 10.
From October 1, 2024, the National Bank of Ukraine will impose a limit of 150,000 UAH per month (instead of the previously announced 100,000) for individual transfers "from card to card".