Banks will extend transfer limits to newly established and "dormant" sole proprietorships
The Memorandum on Transparency in the Payment Services Market, under which banks introduced limits in 2025 on transfers from individual accounts of 50,000–100,000 UAH per month, is scheduled to be extended starting in August to include transfers from the accounts of newly established and “dormant” individual entrepreneurs and legal entities.
This was reported by Interfax-Ukraine.
According to the draft memorandum, for individual entrepreneurs in Groups 2 and 3, the first phase will set a limit of up to 3 million UAH per month; for those in Group 1, up to 600,000 UAH per month; and for legal entities, up to 5 million UAH per month.
In the second phase, which is set to begin in three months, in November of this year, the limits are to be increased to 1 million UAH per month for sole proprietors in Groups 2 and 3 and 400,000 UAH for Group 1, while for legal entities—up to 1 million UAH per month.
In addition, the updated version of the memorandum provides for stronger measures against fraudsters and closer information sharing regarding suspicious clients.
It is known that the National Bank of Ukraine introduced a six-month restriction on outgoing transfers between individual accounts within the same bank to accounts at other banks, effective October 1, 2024. Following this, banks introduced even stricter limits starting February 1, 2025, as part of the signed Memorandum on Payment Services Market Transparency: 50,000 UAH for high-risk customers without verified income, and 150,000 UAH for medium- and low-risk customers, with this limit reduced to 100,000 UAH starting June 1, 2025. In addition, these limits take into account not only P2P transfers, which the National Bank has restricted, but also transfers using IBAN details.
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