Oschadbank Now Offers Transfers Up to 20,000 Hryvnias with No Fees

Fee-Free Transfers from Oschadbank

According to ХВИЛЯ: A new policy from Oschadbank allows customers to transfer up to 20,000 hryvnias per month from a digital card without incurring any fees. The announcement was made on Facebook. Bank clients can move money between cards without extra charges, provided they open a free digital card through the Oschad mobile app. This move is part of a broader trend among Ukrainian banks to offer more flexible digital services.

The monthly limit for fee-free transfers from a digital card is set at 20,000 hryvnias. If a customer exceeds this amount, a 2% commission will apply, with a minimum charge of 2–3 hryvnias. For added convenience, users can open up to four digital cards within the app to manage their transfers.

Customer Feedback and Reactions

In the comments section of Oschadbank’s Facebook post, several clients voiced concerns about the commission rates and called for a review. Others complained about issues with ATMs and the mobile app. One user inquired about making transfers exceeding 20,000 hryvnias. In response, bank representatives stated that

“according to the bank’s tariffs, transfers within the 20,000 hryvnia monthly limit are fee-free”

. They also emphasized that

“the bank’s fees are in line with market averages,” and that “some payments in the Oschad app can be made with no commission at all”

.

To stay competitive and attract new customers, Oschadbank introduced fee-free transfers from digital cards. This initiative may appeal to individuals who regularly conduct financial transactions, though it also raises questions about the possibility of higher limits and fee structures for those needing larger transfers. As competition in the banking sector intensifies, such measures could influence consumer choice and loyalty.

As Oschadbank enhances its digital services with fee-free transfers, it's important to note that not all customers will benefit equally from extended card validity through 2026. This situation may impact users' experiences and their ability to utilize these new features effectively. For more details on the card validity extensions and who qualifies, see our article on Oschadbank's card validity changes.