PrivatBank will charge 240 UAH for inactive accounts: how to avoid the fee.
The state financial institution 'PrivatBank' is doing everything possible to provide its clients with the opportunity to pay for services at reasonable rates. However, some clients may be forced to overpay for the maintenance of their accounts.
What PrivatBank can charge an additional fee for
The institution prefers active clients who use various banking products and services, offering them various types of cards. However, in case of account inactivity, an 'Inactive Account Maintenance Fee' may be charged.
Fee size and how to avoid payment
The fee for maintaining inactive accounts is 20 UAH per month, but does not exceed the balance of funds in the account. To avoid paying this fee, clients can activate their accounts by performing any transactions, such as transferring funds, making purchases, or topping up a mobile number.
- transfer of funds from card to card/accounts;
- payment for goods in the store;
- topping up a mobile phone number.
In addition, PrivatBank offers the opportunity to earn bonuses of up to 5,000 UAH for meeting certain conditions, as well as offering to accumulate funds with interest through the 'Envelope' service.
Summary: PrivatBank offers its clients the ability to pay for services at affordable rates, however, clients should avoid inactivity on their accounts to avoid paying additional maintenance fees. The bank also offers a number of additional opportunities for saving and increasing financial assets.Read also
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