In Ukraine, banks have the right to temporarily block clients’ cards under the requirements of the NBU financial monitoring in cases of suspicious transactions. In August, the number of such cases increased. Key features of card blocking:
Source: OBOZREVATEL
- Banks do not always specify the reasons;
- Unblocking may take several months;
- Accounts remain frozen even after all documents are provided.
What clients should do:
- Contact the bank and officially request an explanation for the blocking;
- Provide all documents confirming the source of funds;
- In case of prolonged and unjustified blocking, file a complaint with the National Bank.
Financial experts advise avoiding unusual transactions, using transparent sources of income, and keeping supporting documents to reduce the risk of blocking.