Recently, PrivatBank’s clients have started complaining about card blocking. In particular, people say that they cannot yet dispose of their own funds in the usual way. As the press secretary of PrivatBank Oleg Serga explained ,: This is due to illegal transactions and suspicious transfers of funds.
KYIV. UkraineGate . 20 .June .2022 | Society
Quote
“PrivatBank is a state institution, so certain actions are taken exclusively within the law. Just so no one blocks the card. The reason may be illegal transactions. If the bank notices this, the accounts may be blocked until the circumstances are clarified, ”the spokesman explained.
Details
The institution explained that in accordance with the law “On prevention and counteraction to money laundering, terrorist financing and proliferation financing”, the bank, as a subject of primary financial monitoring, finds the correctness of transactions.
The bank’s representative also stressed that due to the martial law in the country, transactions are checked more thoroughly. Thus, the state is trying to avoid funding terrorist groups and agents of the occupiers.
“Since the beginning of the war, we have blocked many cards. However, cardholders are not always to blame, as fraudsters can use them without the owners’ knowledge. This is possible due to the reissue of SIM cards. Therefore, we advise you to register a mobile number so as not to fall victim to fraud, ”Serha added.
Addition
On May 25, payment in installments and purchase on installments became available again at PrivatBank .
Also on June 1, PrivatBank resumed lending by credit card and offered the opportunity to use the money all summer at a reduced rate of 1.7%.
Source: Ukrgate
