Ukreximbank already sells non-cash currency to Ukrainians
At the end of the term of the deposit, the funds in the currency of the deposit are available for use in full, together with interest.
The State Ukreximbank has started selling non-cash currency to private clients with subsequent placement in a deposit for a period of three months without the right of early termination. The sale is carried out in accordance with the decision of the National Bank of Ukraine, reported the day before, the press service of the bank.
It is indicated that the rates and other conditions for placing funds on a deposit account in case of cashless purchase of currency are standard for currency deposits of the bank with a term of three months or more (from 0.05% per annum).
At the end of the term of the deposit, the funds in the currency of the deposit are available for use in full, together with interest. If necessary, they can be obtained in cash at the bank’s counters (equivalent to 100 thousand hryvnias per day).
It will be recalled that after the beginning of the war, the NBU prohibited banks from selling non-cash currency to the population. However, since July 21, the regulator relaxed restrictions and allowed Ukrainians to buy currency for 50 thousand hryvnias provided that it is subsequently placed on 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 implementation. In particular, the state-owned PrivatBank and Oschadbank still do not sell non-cash currency to the public.
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