Monobank will increase the fee for cash withdrawals from ATMs.

Monobank will increase the fee for cash withdrawals from September 1

Starting from September 1, 2022, the virtual bank Monobank will increase the fee for cash withdrawals from the current 0.5% to 0.9%. The current rate is insufficient to cover the bank's financial costs, so it is forced to raise rates.

«From September 1, payment systems will more than double the interbank reimbursement fee for cash withdrawals by clients of other banks at Ukrainian ATMs», – said the co-founder of the bank, Oleg Gorokhovsky.

The fee for withdrawing credit funds will remain unchanged.