Banks to limit money transfers from February 1: whom and how much will be allowed.

New restrictions on money transfers

Starting February 1, 2025, the National Bank of Ukraine will introduce new restrictions on money transfers between individuals. This is aimed at combating the shadow economy and illegal financial schemes.

The press service of the National Bank reported that banks will categorize clients into three risk categories, each with specific restrictions. High-risk clients will have a maximum limit of 50 thousand hryvnias per month.

Clients with medium and low risk will have smaller limits: 150 thousand hryvnias from February 2025 and 100 thousand hryvnias from June 2025.

'These measures aim to combat the shadow economy and illegal schemes, including the practice of using so-called 'drops',' emphasized the NBU. Banks are implementing a mechanism that will require clients to provide income verification documents for withdrawing or changing restrictions.

Experts believe that these new rules will make the financial system more transparent and controlled, as well as reduce the number of dubious and illegal operations.

Earlier, the National Bank of Ukraine explained how the new memorandum of banks will affect Ukrainians.