Now all of Piraeus Bank in Ukraine VISA card holders can feel the advantages of their bank belonging to the big international banking group when withdrawing cash abroad. Thus, in Greece, Bulgaria, Egypt, Romania, Albania, Serbia, Cyprus and the USA, , the preferential fee for cash withdrawal in Piraeus Bank Group ATMs for Piraeus Bank in Ukraine VISA card holders is established. This fee amounts to 0.5% from transaction sum (minimum UAH 15). Previous tariff amounted to 1.5% from transaction sum plus UAH 30.
Ilias Mouzakis, Piraeus Bank in Ukraine's operations department deputy director: "From now on the clients of Piraeus Bank in Ukraine can withdraw money from Piraeus Bank Group ATMs according to the new preferential tariffs"
‘’Our clients can withdraw cash according to the preferential tariffs in more than 1350 ATMs of Piraeus Bank Group in 8 countries, most of which are touristic destinations very attended by Ukrainians, - Ilias Mouzakis, Piraeus Bank in Ukraine`s operations department deputy director, told. – The new tariff will enable Piraeus Bank in Ukraine VISA card holders to use their payment cards during their trips to the mentioned countries freely without overpaying for cash withdrawal’’.
Note. Piraeus Bank is one of the major banking institutions of Southern and Eastern Europe with assets of EUR 57.6 bln and total equity of EUR 3.4 bln (as at 30.09.2010). Established in 1916, Piraeus Bank today has presence in Greece, Ukraine, Romania, Bulgaria, Albania, Egypt, Serbia, Cyprus as well as in the world financial centres of New York and London. Piraeus Bank S.A. leads Piraeus Bank Group, which consists of 10 banks and 21 companies covering the entire range of financial services.
In Ukraine Piraeus Bank provides a full range of banking services to individuals, small and medium enterprises and corporate clients. Among the priority flows are the mortgage and business lending.
Piraeus Bank is a member of Association of Ukrainian Banks, participant of the Fund of Guaranteeing the Deposits of Individuals. The Bank is also included in the list of banks authorized by the Pension Fund of Ukraine to make payments of pensions and financial assistance.
Piraeus Bank has the highest rating of deposits reliability of Piraeus Bank provided in March 2009 (grade “5”), that shows the bank's capacity to make payments on existing deposits timely and in full.
Piraeus Bank Press Service in Ukraine
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.