Opening a bank account in Ukraine requires a valid passport or ID document, a Ukrainian Tax Identification Number (IPN), and proof of registered residence. Foreign nationals can open accounts at major Ukrainian banks such as PrivatBank, Oschadbank, Monobank, and PUMB. This guide explains the account opening process, required documents for foreign nationals, the types of accounts available (hryvnia and foreign currency), mobile banking options including the Diya app, and the current restrictions on international transfers given the martial law status in Ukraine.
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Bank Account Opening
Ukraine
Last verified: 2026-02-20
Fees, fines, and deadlines are approximate. Always verify with official sources.
Key Registrations & Procedures
Bank Account Opening
Deadline: No deadline — open when needed for employment or daily transactions
Processing Time: Same day for basic accounts at most banks. Full accounts may take 1–3 business days.
Fees: Free to approximately UAH 200 depending on bank and account type
Appointment: Walk-in at most banks. Monobank operates entirely via mobile app.
Required Documents:
- Valid passport
- Tax Identification Number (IPN)
- Registration of place of residence (some banks require this)
- Ukrainian phone number (for mobile banking)
Where to Do It:
Any branch of your chosen bank. PrivatBank has the largest network nationwide. Monobank is fully digital (app-based). PUMB, Raiffeisen Bank, and OTP Bank also serve foreigners.
If You Don't Do It:
No penalty. However, without a bank account, receiving salary, paying rent, and conducting daily transactions becomes difficult. Many Ukrainian services require a local bank card.
Regional Variations: Major banks operate nationwide. In western Ukraine (Lviv, Ivano-Frankivsk), staff may speak some English. In Kyiv, most major bank branches have English-speaking staff.
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