All about P2P transfer limits in Ukraine

The limits are needed to ensure the transparency of financial transactions. They help combat the shadow economy and illegal activities, including money laundering and financing of terrorism.

They also allow us to comply with European standards. Having these limits, all together, we are able to create a more reliable and secure financial system in Ukraine.

For Payees
For Payers

Receive limit

UAH 1 mn or 350 transfers per month.

P2P transfers and transfers by IBAN are included.
Transfers between your own cards are not included.

If you are engaged in volunteering, you can provide the relevant documents to increase the transfer limit.

Special Terms of Service for volunteers

PrivatBank offers the increased limits for P2P transfers, and provides the opportunity to use funds for charity without usual limitations applied to individuals.

 

The documents confirming volunteer work for increasing the limit

  • Financial documents
    Receipts, checks, bills and invoices confirming the purchase and transfer of goods.
  • Documents provided by military units or charitable funds
    Requests, confirmation letters, documents identifying you as a volunteer.
  • Contracts
    Volunteering contract or contract on providing volunteer assistance.
  • Volunteer certificate
  • Links to publications
    Links to open sources containing the information about your volunteer work.
  • Other documents
    Documents confirming the use of funds for charitable activities.

⚠️ Keep these documents as the bank may request them again.

 

How to transfer and receive funds with the increased limit

We advise you to follow these recommendations:

  • direct raised funds only to charity or volunteer needs;
  • keep the documents confirming the purpose of funds.

If transfers are related to entrepreneurial activities, we recommend opening the sole proprietorship account. Use Envelopes for fundraising.

 

⚠️ Expenses which are not related to volunteering may lead to the limit decrease. It is prohibited to use the raised funds for your personal needs (clothes, restaurants, cafes, cinemas, etc.) and for payments associated with gambling (online casinos, etc.).

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Send limit

UAH 100 K or 200 transfers per month.

For some categories of customers the limit is UAH 50 K per month.
P2P transfers and transfers by IBAN are included.
Transfers between your own cards are not included.

If your official income exceeds UAH 100 K, you can provide the relevant documents to increase the limit. For some categories of customers the limit is UAH 50 K.

How to increase transfer limit

For sending transfers for over UAH 100 K per month, you need to provide documents confirming your income. The limit will be increased in line with the confirmed income.

 

Income types:

 

Salary
To confirm the income, provide your salary certificate. You can get it by means of:

  • the Diia application or on the Diia website (“Services menu – Certificates and extracts – OK-7 Certificate”);
  • on the website of the Pension Fund of Ukraine (“All services menu – Request for electronic documents – OK-7 Certificate”).

Activities of individual entrepreneurs
To confirm their activities, entrepreneurs can provide:

  • contracts, invoices or other documents describing their activities;
  • the declaration and receipt No. 2 – the confirmation from the tax authority about acceptance of the declaration (you can get the receipt in the Diia application or on its website, or on the website of the Unified State Register).

Dividends
If your income is comprised of dividends, send us the following:

  • minutes of the general meeting;
  • tax payment receipt;
  • financial report of the company.

Additional documents
To confirm the origin of funds, you can provide the documents containing the information about the amount and frequency of the income, and from whom and for what purposes it was received.
For example:

  • a tax declaration on property status and income (for the last 3 years);
  • one-time (special) voluntary declaration;
  • donation agreement or the inheritance document (for the last 3 years);
  • documents on receiving insurance payments, lottery winnings, rights to treasure;
  • purchase and sale agreement for your property (for the last 3 years);
  • documents on the income from securities investments (for the last 3 years);
  • agreement on providing charitable contributions (grant agreement).

 

⚠️ Photos or screenshots of statements from other banks, and your identification documents (passport, TIN, etc.) shall not be considered.

Rules for money transfers with the increased limit

  • Make transfers for your own needs.
  • Keep the documents confirming the purpose of funds.
  • Do not give your card to third parties.
  • Avoid transfers requested by third parties for an unknown purpose.
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