PrivatBank allows opening pension accounts online: who can apply for a Digital card.

Clients of 'PrivatBank' can now open pension accounts online and apply for Digital cards to receive payments through the 'Privat24' application or web version. Information about this is available on the bank's official website.

What you need to know about pension accounts at PrivatBank

Citizens can open a pension account without a plastic card, using only a virtual bank card. This card will allow online payments and send and receive money transfers. It can also be added to Apple Pay or Google Pay for contactless payments in stores.

The pension card can only be issued to certain categories of citizens, including citizens of retirement age, people with disabilities, children who have lost their parents, military pensioners, and those who will soon retire.

Rules for issuing a pension card and other details

To issue a Digital card, you need to authenticate in 'Privat24', choose the type of card, payment system, currency, and sign the agreement. The card will appear in the electronic wallet within 10 minutes.

To start receiving a pension on this card, you need to submit a request for the transfer of funds to the Pension Fund. Previously, it was necessary to specify what functions are available at the PrivatBank self-service terminals and how to properly change the financial phone number through Privat24.

Bank 'PrivatBank' allows clients to open pension accounts online and issue Digital cards for receiving payments or cashless transactions. This innovation will simplify the process of receiving pensions and transactions for certain categories of citizens, including retirees, people with disabilities, and military pensioners.