How to Prevent Account Freezes: Oschadbank Now Requests Income Information.

Setting Your Monthly Transaction Limit

According to Novyny.live: To avoid unexpected account freezes, Oschadbank is reminding customers to accurately calculate their maximum monthly transaction volume in line with financial monitoring laws. This requirement, outlined in National Bank of Ukraine Resolution No. 110, aims to combat money laundering, terrorist financing, and the spread of weapons of mass destruction. Getting this figure right is essential for staying compliant and keeping your accounts active.

What Oschadbank Customers Need to Provide

When updating their information, customers must report the equivalent amount in hryvnia using the official NBU exchange rate at the time of submission. Because currency rates fluctuate, this can directly affect your declared transaction cap. Data updates can be completed either in person or remotely, and must be done at least once every five years.

To make things easier, it helps to know which accounts are covered. These include:

• Checking accounts,
• Credit accounts,
• Deposit accounts,
• Accounts in national currency,
• Accounts in foreign currency.

Following these guidelines will help you avoid surprises like account freezes and ensure you meet all financial monitoring requirements.

This move by Oschadbank highlights the growing need for financial accountability on the part of both banks and their customers.

In today’s climate of financial risk, understanding and adhering to monitoring rules is critical for protecting your personal funds and maintaining transparent transactions. Staying up to date with these requirements will help customers steer clear of account blocks and keep their financial relationships stable.