The National Bank of Ukraine has lifted the monthly limit of 150,000 UAH on transfers that was introduced in October 2024.

This was reported by the NBU press service.

The restrictions applied to all individual accounts in one bank for transfers between individuals.

These measures helped to reduce the "anomalous surge" in transfer volumes and halted the increase in the number of payment cards observed in September-October 2024.

According to the new legislation, the NBU has enhanced its regulatory functions in the financial services market and increased penalties for violations of payment legislation. A Memorandum on the transparency of the payment services market has also been signed, with most banks and licensed payment providers participating.

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

The NBU has also prepared a concept for a register of individuals requiring enhanced control, 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 foreign transactions using payment cards from Ukrainian banks starting September 10.

From October 1, 2024, the National Bank of Ukraine sets a six-month limit of 150,000 UAH per month (instead of the previously announced 100,000) for individual transfers "from card to card".