Limits on transfers between cards: what amount is allowed to be sent without commissions and taxes

Unlimited card-to-card money transfers have been restored in Ukraine.

Now individuals can transfer funds without any set limits, but tax requirements remain in force, and some have even become stricter. The news agency notes that hryvnia receipts from cards from acquaintances or colleagues can be classified as income. This is especially true for unrelated relatives without an official gift agreement. In this case, you must pay 18% personal income tax and 1.5% military duty. However, gifts between close relatives remain tax-free, even if the amount reaches 100,000 hryvnias.

Transfers “in debt” or refunds are not taxable. However, a declaration may be required if the tax authorities consider the transaction income. It is worth remembering that banks can set their fees, regardless of the transfer amount, so customers should clarify the rates in advance.

Financial monitoring is also essential. Banks check all suspicious transactions, especially if the amount exceeds 400,000 hryvnias or if the transaction involves cash or cross-border transfers. If the exact amounts are received from several people’s accounts, this may look like an unregistered payment. The bank may ask for clarification or block the transfer in such a situation.

The National Bank has also set new restrictions for risky customers: the maximum transfer amount is 50,000 hryvnias, and for other customers, it is 150,000 hryvnias. If you need to send more, you should prepare documents confirming the origin of the funds.

At the same time, Ukraine continues to develop digital financial services, strengthening control over them to prevent money laundering and tax evasion.