The National Bank tightens requirements for Ukrainians: it is mandatory to have a document with you
The National Bank of Ukraine plans to update the rules for making money transfers without opening a bank account, in particular to increase the transparency of transactions and unify the processing of such payments.
In the near future, when paying for utility services through a bank, post office, or instant transfer services, citizens will be required to indicate their tax number (TIN). This will become a mandatory element of the payment instruction, along with complete information about the recipient.
According to the new requirements, all transfers made without a bank account – regardless of whether it is cash, or a transfer via mail or international systems – must contain detailed information about the payer and recipient.
Financial analyst Viktor Galchinsky notes that the National Bank’s goal is to bring the entire transfer system to a single standard, which will affect transactions with minimal data, such as paying utility bills.
With the new conditions, users will be required to indicate:
- Surname, first name, and patronymic of the sender;
- TIN for individuals;
- EDRPOU code – for legal entities;
- Full details of the recipient.
Banking institutions and payment operators will be able to automate part of the process by uploading data from previous transactions. However, the client will have to check this data and confirm his consent to the transfer. It is important to note that the TIN will not need to be entered manually each time; the system will store the information. But in case of any doubts or changes, it is necessary to check the relevance of the data before confirming the transfer.
The introduced measures are designed to reduce the number of suspicious transactions and strengthen control over financial flows. Ordinary users will only have to pay a little more attention when filling out payment forms, while receiving a higher level of protection for their data and interests.
These innovations have a positive impact on the overall level of security of financial transactions.
