Personal accounts: Ukraine
An honest assessment before work starts, the quote is fixed in writing.
A personal account in Ukraine is opened by foreigners living and working in the country, owners of Ukrainian companies and property, and people receiving income or an inheritance in Ukraine. Banks are supervised by the National Bank of Ukraine; the currency is the hryvnia, with an official rate of 44.99 hryvnias per dollar on 5 October 2026. Banking services are largely digital, but for a foreigner the key documents are a tax number and a Ukrainian translation of the passport.
Who can open a personal account
| Your status | Chances | What else the bank will ask |
|---|---|---|
| Foreigner with a Ukrainian residence permit | high | residence permit, tax number, address |
| Owner of a Ukrainian company or property | medium to high | passport with translation, tax number, company or title documents |
| Non-resident with no link to Ukraine | low to medium | a convincing purpose, source of funds |
| Russian or Belarusian citizen | very low | under martial law banks generally do not serve such clients |
We will calculate online the cost of opening a personal account and maintaining it for a year.
Documents required
- A passport and a notarised translation into Ukrainian.
- An individual tax number: without it a bank effectively cannot open an account.
- A residence permit or other proof of lawful stay if you live in Ukraine.
- Purpose of the account and source of funds: salary, dividends, sale of property, inheritance.
- Tax residence: foreigners' account details are passed to their countries under international agreements.
Deposit protection and taxes
| Question | How it works |
|---|---|
| Deposit guarantee during martial law | individuals' deposits are reimbursed in full, and for three months after martial law ends |
| Guarantee after that | at least UAH 600,000 per depositor, ~$13,400 |
| Tax on interest | personal income tax and the military levy are withheld by the bank |
| Currencies | hryvnia, dollar, euro and others |
The dollar amount is converted at the official National Bank of Ukraine rate of 5 October 2026 and rounded up. The guarantee covers deposits of individuals, including sole traders.
Currency rules
Currency restrictions have applied since February 2022, and the National Bank eases them in packages: the latest took effect on 11 August 2026 and, among other things, raised the limit for paying for housing abroad to UAH 500,000. Transfers abroad and foreign currency withdrawals are subject to limits, so we plan large transactions in advance and check them against the current rules.
How the opening works
- Obtaining a tax number from the tax service, through a consulate or under a power of attorney if needed.
- Notarised translation of the passport.
- Choosing a bank and applying; some banks verify online.
- Opening hryvnia and foreign currency accounts, card and mobile banking.
With a tax number and passport translation, an account is usually opened within one to three days.
Who gets refused
The bank will refuse if the client has no tax number, if the purpose of the account and source of money are not documented, or if the client or their money is linked to sanctions. Under martial law Ukrainian banks generally do not serve Russian and Belarusian citizens.
What we do
Murblz specialists help obtain a tax number, arrange the notarised passport translation, choose a bank and support account opening. If you have a Ukrainian company, property or inheritance, we link the personal account to those documents and check how money can be lawfully transferred abroad. We fix the estimate in writing; the decision to open an account always rests with the bank.
What we do
- Personal account - opening assistance
See also
Business account · Investment property · Country taxes · All country programs
FAQ
Can a foreigner open an account in Ukraine?
Why is a tax number needed?
Are deposits in Ukrainian banks protected?
Can money be transferred from Ukraine abroad?
Can Russian citizens open an account in Ukraine?
How long does it take to open an account in Ukraine?
How much does it cost to open an account with your help?
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