PrivatBank Revises Cash Withdrawal Policies for 2026: New Fees and Limits Announced.

PrivatBank Overhauls Cash Withdrawal Procedures

According to Novyny.live: PrivatBank has announced a significant update to its cash withdrawal rules, set to take effect in 2026. A key new feature is the 'Cardless Cash Withdrawal' service, enabling customers to obtain cash without needing their physical card. This service is accessible through the 'Privat24' mobile application or by using a registered phone number.

Terms for Cardless Cash Withdrawals

The new cardless service allows a maximum of 4,000 hryvnias per transaction, with a daily cap of 20,000 hryvnias. This innovation is designed to simplify cash access for bank clients who may not have their card available or prefer not to use it. These changes reflect a broader industry shift towards digital and contactless banking solutions in Ukraine.

• A fee of 0.2% of the withdrawal amount will apply at bank tellers, with a minimum charge of 5 hryvnias.
• Customers can avoid fees entirely by scanning a QR code for the transaction.
• Withdrawals at ATMs using a phone number for authorization will incur a 2 hryvnia charge.
• QR code-based withdrawals are free of charge.

The bank states these revisions aim to optimize the cash withdrawal process and offer greater convenience to its customer base. The introduction of cardless cash services could significantly alter the user experience within Ukraine's banking sector, setting a potential precedent for other financial institutions adapting to consumer demand for mobile and contactless options.