Banks announce new limits on money transfers by Ukrainians: what will change this summer
The new banking restrictions will apply to transfers between accounts and will not affect everyone, but only two types of business entities: newly established and inactive sole traders and legal entities.
Two transfer limits are being set for both groups. The first will be introduced three months after the date of signing the Memorandum (August), and the second – six months after signing (November).
For new and inactive sole traders, the initial limits (August 2026) on transfers are as follows:
- Group 1 sole traders – up to 600,000 UAH per month;
- Group 2 and 3 sole traders – up to UAH 3 million per month.
The limits will be reduced six months after signing (November 2026) to the following amounts:
- Group 1 sole traders – up to 400,000 UAH per month;
- Group 2 and 3 sole traders – up to 1 million per month.
As we can see, Groups 2 and 3 of entrepreneurs will be hit hardest, as the restrictions on transfers will immediately reduce their limits by a factor of three.
Transfers for new and inactive (‘dormant’) legal entities will be cut in a similar manner:
- in the first phase (August 2026) – up to 5 million UAH per month;
- in the second stage (November 2026) – up to 2 million UAH per month.
At the same time, the very concept of a “new sole trader”, according to the National Bank’s Resolution No. 65, can be quite broad – ranging from 6 to 12 months of existence depending on the bank’s internal rules.
Financial experts explain this as part of the fight against scheming businessmen and entrepreneurs who use such schemes to minimise their tax liability. The new Memorandum provides for the client’s right to request an increase in the limit after submitting the documents requested by the bank and their review.
Furthermore, the new Memorandum provides for more active round-the-clock (with an active phase at night) countermeasures against fraudsters, who have recently been increasingly targeting people’s accounts. Not only are they leaving people without their savings, but they are also taking out loans (card-based) in their names and immediately stealing the funds, leaving Ukrainians in debt. Banks subsequently collect these debts, regardless of the victims’ circumstances.
Another key point in the document is the banks’ agreement to share information on so-called ‘suspicious customers’, a label that could effectively be applied to anyone. This is because banks determine the signs of such ‘suspicious’ behaviour independently and are not required to disclose them, in accordance with National Bank regulations.
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