The limit of 150,000 UAH on transfers will be lifted: the NBU outlined the condition.

The National Bank of Ukraine is prepared to lift the limit of 150,000 UAH on outgoing transfers from card to card within one to two months. This was stated by NBU head Andriy Pyshny in an interview with Forbes, noting that before this can happen, banks must demonstrate their ability to independently identify high-risk clients.

Pyshny reminded that this limit is temporary and does not address the issue of abuse on its own. A comprehensive set of measures is necessary, particularly the adoption of a law on the "drop" registry, which the NBU is counting on.

In addition to regulatory measures, banks must enhance their control systems and adopt a "know your customer" approach. According to Pyshny, the problem of abuse would disappear if banks thoroughly analyzed the client's profile during registration and took into account their transaction history.

"We will observe how the updated processes work for a month or two. If they prove effective, the NBU will, as promised, lift the 150,000 UAH limit on card transfers," he noted.

Current Restrictions

Starting from October 1, 2024, the NBU has established a limit of 150,000 UAH per month for P2P transfers among individuals for six months. These restrictions do not apply to transfers between one's own accounts within the same bank, transfers for legal entities, and transactions using IBAN details.

In the first month of the restrictions, the volume of P2P operations decreased by 5.2 billion UAH, while transfers via IBAN increased by 4 billion UAH.

From February 1, 2025, a limit of 50,000 UAH per month will be introduced for clients with a high-risk level and without verified income. For clients with a medium and low-risk level, the limit will remain at 150,000 UAH until June 1, after which it will decrease to 100,000 UAH.

For significant accumulations or verified income, banks will be able to set individual limits using automated income collection from clients.