Oschadbank's 'My Card' Digital Launch: Features and Rates Locked Until 2026.

Oschadbank's Digital 'My Card'

According to Novyny.live: Oschadbank has introduced a new digital 'My Card' for its customers, featuring a suite of benefits and a fixed fee structure that will remain valid until 2026. This card can be opened entirely online, streamlining the application process for users. It is also available for issuance through the government's 'Diia' app, ensuring a convenient and rapid service experience.

Card Benefits

A standout feature of the digital 'My Card' is the ability to withdraw cash from an ATM without needing the physical card, offering users greater flexibility. Furthermore, the card provides free peer-to-peer transfers up to a monthly limit of 20,000 hryvnias, making everyday financial transactions more economical for clients.

• Cash withdrawals at ATMs without commission, up to 20,000 hryvnias per month.
• Two free cash withdrawals per month at bank tellers; any amount beyond the limit incurs a 1% fee.
• A commission of 1.5% plus 35 hryvnias applies to cash withdrawals made abroad.

Cardholders also gain access to a 'Mobile Savings' service, which accrues 5% annual interest on the account balance. This digital offering from Oschadbank thus combines advantageous terms and convenient services, all guaranteed until 2026. This launch is part of a broader push by Ukrainian banks to modernize and digitize their customer offerings.

The introduction of Oschadbank's digital 'My Card' reflects the accelerating trend toward digital financial services in Ukraine, simplifying customer access to banking products. By enabling online application and integration with the state's 'Diia' app, the bank aims to attract new users who prioritize convenience and speed in their financial dealings. This strategic move is likely to enhance Oschadbank's competitiveness within the Ukrainian banking market.