Ukrainian banks are set to introduce restrictions on money transfers via IBAN for customers who cannot verify their income, starting February 1, 2025. This measure, implemented by the National Bank of Ukraine (NBU), aims to combat financial fraud, ensure transparency, and prevent money laundering. Customers will be categorised based on their financial risk level, with limits ranging from UAH 50,000 to UAH 150,000 per month.
The new regulations divide customers into three categories: high risk, medium risk, and low risk. High-risk customers—those without verified income or with suspicious transaction histories—will face the strictest restrictions, capped at UAH 50,000 per month. Medium and low-risk customers will initially have higher limits, but these will gradually decrease. From February 1, 2025, the limit will be UAH 150,000 per month, reducing to UAH 100,000 per month from June 1, 2025. Transfers between a customer’s own accounts at the same bank will not be subject to these limits.
| Customer Risk Category | Limit from Feb 1, 2025 | Limit from June 1, 2025 |
|---|---|---|
| High Risk | UAH 50,000 per month | UAH 50,000 per month |
| Medium & Low Risk | UAH 150,000 per month | UAH 100,000 per month |
Customers with verifiable income exceeding these limits can request higher transfer limits by providing relevant financial documents to their banks. The NBU stresses that this measure is not meant to restrict legitimate financial activity but to strengthen financial monitoring amid ongoing economic challenges and wartime pressures.
This move comes as Ukraine continues to stabilise its economy despite Russia’s ongoing aggression. With inflation expected to peak in the second quarter of 2025 before gradually slowing down to 8.4% for the year and reaching 5% in 2026, these regulations serve as an additional layer of financial security.
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