The National Bank of Ukraine has decided not to extend the transfer limit of 150,000 UAH per month that was implemented in October 2024.

This was reported by the NBU press service.

The restrictions applied to all personal accounts within the same 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 observed in September-October 2024.

According to new legislation, the NBU has improved its functions for regulating the financial services market and increased fines for violations of payment laws. A Memorandum on the Transparency of the Payment Services Market has also been signed, with the majority of banks and licensed payment providers joining.

It is noted that the NBU continues to enhance the monitoring of payment transactions and collaborates with law enforcement agencies to combat criminal schemes. The Bureau of Economic Security recently uncovered a network involving over 4,000 drop individuals.

The NBU has also prepared a concept for a registry of persons requiring enhanced monitoring, which will be submitted to the Verkhovna Rada of Ukraine for further consideration in April.

Reminder:

The National Bank of Ukraine (NBU) has established new restrictions on international transactions using payment cards from Ukrainian banks starting from 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 transfers between individuals "from card to card" for a period of six months.