PrivatBank Updates Pension Card Fees and Rules Starting June 2026.

New Fees and Service Conditions for PrivatBank Pension Cards

According to Novyny.live: Starting June 2026, PrivatBank will introduce updated fees and service rules for customers receiving pension payments. These changes affect pension card services, combining free features with new charges. The adjustments aim to balance customer benefits with the bank's operational needs amid ongoing economic pressures.

Under the new terms, which take effect in June 2026, there will be no fee for pension deposit transactions or for withdrawing cash at any ATM across Ukraine. Customers can also transfer money for free to Universal, Universal Gold, or internet cards. Additionally, no commission will be charged for paying utility bills through the 'Privat24' system from the pension card, as long as the total amount does not exceed 5,000 UAH per month and the number of payments is 15 or fewer.

New Commissions and Restrictions

However, starting June 1, the bank will remove preferential rates on international transfers. The fee for transfers from a foreign card to a PrivatBank card will increase to up to 1.5% from the current 1%. Similarly, transfers from a PrivatBank foreign currency card to overseas cards will cost up to 2%, up from 1%. Customers may withdraw up to 20,000 UAH in cash from PrivatBank ATMs within a three-hour window.

June's rules for pension cards also introduce limits on card-to-card transfers based on risk categories. The monthly transfer caps are as follows:

• Up to 100,000 UAH per month for low- and medium-risk groups,
• Up to 50,000 UAH per month for high-risk groups.

While issuing a pension card remains free, a fee of 100 UAH will apply if a customer orders six cards within a year. Pension cards will now come with a four-year validity period.

In summary, these fee and service changes will significantly impact PrivatBank's pension-receiving customers. While offering some free services, the bank is tightening conditions on international transfers, which could affect those who rely on cross-border transactions. The updates reflect the bank's effort to adapt to customer needs during economic challenges, even as it raises certain commissions to manage costs.