Monobank plans a new transfer fee: who it could affect

Monobank may start charging 0,5% for transfers.

The Ukrainian mobile bank Monobank may introduce a fee for transferring its own funds to Mastercard cards of other banks. The corresponding changes are already provided for in updated service terms, but the bank has not yet made a final decision on implementing them. This is stated in the updated tariffs and an explanation by Monobank co-founder Oleg Gorokhovsky.

Yes, under the updated tariffs, the size of the fee for transferring own funds to Mastercard cards of other banks will be 0,5% of the transfer amount. At the same time, transfers of own funds to Visa cards of other banks are to remain fee-free.

If new tariffs are introduced, the cost of transfers will depend on the recipient card's payment system:

to Visa cards of other banks — no fee for transferring own funds;

to Mastercard cards of other banks — 0,5% of the own funds amount;

to NovaPay cards — 0,9%;

from credit funds — 4%.

Thus, the potential change would affect only transfers of own funds to Mastercard cards issued by other banks.

In the updated service terms, it is stated that the new tariffs are due to take effect on 18 October 2026 of the year. At the same time, Gorokhovsky emphasized that a final decision on introducing a fee has not been made yet. According to him, even if such a decision is made, the new tariff will not take effect until 18 October.

It was reported that from 1 October, PrivatBank changed its service rules for a specific category of clients. This concerns Premium Visa cardholders — the threshold of minimum expenditures required for free access to a number of services was raised.