Oschadbank Clarifies Rules for Accessing Frozen Accounts: New Monthly Withdrawal Limits.

Issues with Accessing Frozen Funds at Oschadbank

According to Novyny.live: Oschadbank has detailed a new procedure for clients to access money in accounts that have been frozen by court order. This new system is designed to alleviate financial pressure on individuals by allowing them to receive a set monthly sum. To do so, account holders must now petition the enforcement service directly.

According to the bank's guidelines, a debtor is entitled to receive a specific monthly amount after applying to the enforcement service. The enforcement officer's order is valid for no more than one calendar month. Individuals with frozen accounts can access a limited sum, not exceeding two times the monthly minimum wage. As of January 1, 2026, the minimum wage is set to be 8,647 UAH, meaning the maximum accessible amount from frozen accounts will be 17,294 UAH. This change provides a crucial financial lifeline for those dealing with debt enforcement in Ukraine.

The bank is obligated to lift the freeze on the specified funds within three days of receiving the relevant enforcement order. However, it is important to note that conducting any online transactions on a frozen account remains strictly prohibited. As a bank representative stated:

“This will only be possible after the full debt on the accounts is repaid and the bank receives an order to lift the freeze from the enforcement service.”

Procedure for Gaining Access to Funds

To gain access to a portion of the frozen funds, citizens must complete several steps:

• Contact the enforcement service and express the desire to access the funds.
• Await the resulting order to be sent to the bank.
• Receive the bank's decision and access the funds.

This new mechanism thus allows debtors partial access to their own money, which can be a significant step in managing financial hardship. The introduction of this system by Oschadbank could substantially ease the situation for many citizens facing difficult financial circumstances. This decision accounts for debtors' essential needs and provides a way to manage basic finances until the full debt obligation is settled.