Ukraine changed the rules for deposits – is it possible to withdraw money during the war

In Ukraine, the rules for the return of bank deposits and deposits to individuals and sole traders have been changed.

The National Bank spoke about changes in the legislation.

So, if you made a deposit in any of the solvent banks on the territory of Ukraine, then it will be returned from 100 percent guaranteed during wartime.

The message notes that the 100% refund applies to and already accrued interest.

“The guarantee will apply to depositors of solvent banks. That is, the law will not apply to depositors of banks already undergoing liquidation,” the NBU said.

However, note that if the contribution was made in foreign currency, then the money will be returned to you in hryvnia at the current rate of the National Bank, but only if the bank closes.

These changes are valid for the period of martial law in Ukraine, and after its completion, the guaranteed amount on deposits will be UAH 600 thousand

NBU gave recommendations to Ukrainian banks

The National Bank published an open letter to financial institutions, where it called on banks to make certain concessions to Ukrainians.

Banks are asked to give citizens the opportunity to temporarily not service loans and return them when people have money.

The NBU also decided that during martial law and a month after it was canceled, consumers will not be held responsible for overdue loans.

Read more about the requirements of the National Bank for a financial institution in our material.

Segodnya also wrote that the NBU allowed Ukrainians to buy cash currency, and told how long the National Bank would keep the official dollar exchange rate frozen.