The basic monthly limit of UAH 100,000 for p2p transfers remains unchanged, as banks already offer individual solutions for customers with verified income. This was stated by Andriy Dubas, President of the Association of Ukrainian Banks.
Banks' position on the p2p transfer limit
According to the President of the Association of Ukrainian Banks Andriy Dubas, market participants do not see the need to increase the base limit p2p transfers over UAH 100 thousand. He explained that this limit is about four times the average salary in the country, and clients with higher official incomes or verified sources of funds can apply to the bank to set an individual limit.
Banks provide an opportunity to increase the limit for customers who can prove their income, including military personnel with combat payments. To do this, it is enough to provide relevant certificates through the Diia app or other documents confirming the source of income.
What does the updated memorandum change?
The updated Memorandum on Transparency of the Payment Services Market, signed by 25 banks and non-banks, provides for new approaches to controlling shell companies and the use of FOP to split payments. According to Serhiy Naumov, President of the National Association of Banks of Ukraine, the memorandum does not replace the current legislation but is a tool for market self-regulation.
The document defines a differentiated approach to clients: for high-risk individuals without verified income, the limit is UAH 50 thousand, for medium and low-risk clients - UAH 150 thousand, with a further reduction to UAH 100 thousand from 1 June. All transfers, including p2p and to IBAN details, are taken into account within the established limits.
Why it matters
Current policy on p2p transfer limits aimed at ensuring transparency of financial transactions and minimising money laundering risks. At the same time, banks retain the option for customers with official income to receive individual limits, which allows them to take into account the real financial needs of citizens. This solution maintains a balance between financial security and convenience for users, while preserving the transparency of the Ukrainian payment services market.
