Ukrainians will not have their cards blocked for frequent cash withdrawals

In Ukraine, bank accounts will not be blocked for frequent cash withdrawals (more than three times a month).

The National Bank of Ukraine refuted this information, publishing a statement that debunked rumours spread by certain media outlets and Telegram channels.

«Некоторые СМИ ссылаются на «рекомендации НБУ по усилению финансового мониторинга», не уточняя конкретные документы. Однако в действительности в официальных актах, письмах или любых нормативных документах Нацбанка нет требований, касающихся блокировки счетов за частое снятие наличных» (Some media outlets refer to "NBU recommendations on strengthening financial monitoring" without specifying the exact documents. However, in reality, there are no requirements in the National Bank's official acts, letters, or any regulatory documents regarding the blocking of accounts for frequent cash withdrawals), the NBU commented.

The regulator also emphasised that banks and financial institutions conduct customer checks exclusively within the framework of current legislation, following a risk-based approach in financial monitoring.