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Ukreximbank is already selling non-cash currency to Ukrainians
Upon the expiration of the deposit period, funds in the deposit currency in full, together with interest, are available for use.
The state-owned Ukreximbank has begun selling non-cash currency to private clients with subsequent placement on deposit for a period of three months or more without the right to early termination. The sale is carried out in accordance with the decision of the National Bank of Ukraine, informed on the eve of the press service of the bank.
It is indicated that the rates and other conditions for placing funds to a deposit account in the case of non-cash purchase of foreign currency are standard for foreign currency deposits of the bank for a period of three months (from 0.05% per annum).
Upon the expiration of the deposit period, funds in the deposit currency in full, together with interest, are available for use. If necessary, they can be obtained at the bank’s cash desks in cash (equivalent to 100,000 hryvnia per day).
Recall that after the start of the war, the NBU banned banks from selling non-cash currency to the population. However, from July 21, the regulator eased restrictions and allowed Ukrainians to buy currency for 50,000 hryvnias, subject to its further investment on a deposit for a period of three months or more without the possibility of early termination.
Some banks already offer such a service to their customers, but most financial institutions are still working on the introduction. In particular, the state-owned PrivatBank and Oschadbank still do not sell non-cash currency to the population.
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