Despite the current challenges, the banking system of Ukraine continues to function and adapt to new realities.
About this informs Course. Ukraine.
Here are the key changes this week:
- Mobile banking update: Idea Bank is shutting down the old O.Bank app on May 30. Customers need to download O.Bank 2.0 and register again. The new version allows you to add cards to Apple Pay and Google Pay, schedule loan repayments and register via BankID.
- Deposits in hryvnias from the Bank Own Account: Now you can open deposits for 1, 3, 6 or 12 months in the BVR application. Rates: 7-14.5% per annum depending on the term. The minimum deposit is UAH 1,000. Replenishment is possible only for long-term deposits (6 and 12 months).
- Interest rate changes on deposits: Agroprosperis Bank increased the interest rate on 3-month deposits to 18% per annum. Yunex Bank, on the contrary, reduced rates for terms from 3 to 12 months (14-14.75% per annum).
- Update of card commissions: From May 3, Monobank introduced a commission of 0.9% for transfers to the accounts of non-banking companies through the SEP of the NBU. From May 17, Ukrsibbank limits the number of additional cards that can be ordered and changes their tariffs. And from June 1, Agroprosperis Bank will charge a 4% commission for the purchase of OVDP with credit funds.
- Promotion from Privatbank and WOG: From May 3 to 5, get a discount on fuel when refueling at WOG from 20 liters with a Visa “Universal” or premium card from Privatbank: UAH 6.5/l for gasoline/diesel and UAH 3.5/l for gas. The discount is not valid in conjunction with the Pride loyalty program.
