Piraeus Bank resumed UAH transactions’ authorization by means of UAH cards abroad in internet shops and regular distribution network. Thus, when choosing the currency of payment while paying for goods and services abroad by means of the UAH card, one can choose any currency, including UAH.
Previously, the bank reported on suspending the UAH transactions’ authorization abroad to avoid the losses of funds due to the double conversion. The reason of such losses was significant difference between the official rate and the real market rate to foreign currencies, which in its turn leads to the difference between exchange rates of the goods’ seller and Ukrainian currency market.
Thus, the order of payments in foreign currency through UAH cards, remains unchanged.
If you have additional questions, please contact the Call Center of the bank: 0 800 30 888 0.
On July 21st, 2022, the National Bank of Ukraine introduced changes on the transactions and operations carried out abroad (outside of the territory of Ukraine) on Hryvnia (UAH) cards and accounts. Those new limitations are only related to operations, carried out abroad from UAH cards and accounts, whilst foreign currency cards and accounts have not been impacted from those restrictions. In detail:
UAH12.500 equivalent in foreign currency per 7 days from the first time of withdrawal. The limit is not calculated cumulatively.
UAH80.000 equivalent per calendar month for transactions at POS terminals (physical presence of card or NFC technology on phone), purchases on the internet secured by full 3DSecure* and recurring payments**.
UAH20.000 equivalent per calendar month for the rest type of online transactions.