In case of excessive demand, monobank reserves the right to stop selling the currency.
On August 2, monobank resumed buying foreign currency in the application for placing a deposit.
This was announced by the co-founder of the mobile bank Oleg Gorokhovsky.
You can buy currency within the limit of UAH 50,000 per month to place it on a new term deposit for a period of three months or longer, and to replenish existing term deposits, three months or more remain before the expiration date.
According to Gorokhovsky, after the expiration of the deposit, payment is possible to the client’s account or in cash at the branches of Universalbank and partner banks within the daily limit (equivalent to UAH 100,000).
To take advantage of the possibility of buying currency, you need to update the application. In case of excessive demand, monobank reserves the right to stop selling the currency.
Free sale of non-cash foreign currency is prohibited from February 24. From April 14, the National Bank allowed banks to sell foreign cash in foreign currency to the population. But a similar ban still applies to non-cash payments.
From July 21, the NBU allowed banks sell non-cash currency citizens with subsequent placement on deposit for a period of three calendar months without the right to early termination within the monthly limit of UAH 50,000 (equivalent).
From July 27, the regulator allowed banks to sell in the cash segment half of the non-cash currency purchased from citizens since April 13 in addition to the sale of cash currency purchased from the same date. The NBU believes that such a decision should increase supply in the cash segment of the foreign exchange market and reduce devaluation pressure.