Monobank almost doubled the fee for cash withdrawals

Author:
Sofiia Telishevska
Date:

From September 1, 2022, Monobank will raise the cash withdrawal rate from 0.5 to 0.9%.

This was announced by the co-founder of the bank Oleg Horohovsky.

"The tariff for withdrawing credit funds will remain unchanged," Horokhovsky wrote.

  • In the first quarter of 2022, Monobank reported a loss of 109.6 million hryvnias, and in March the bank lost 548.2 million hryvnias.
  • From April 29, clients of the virtual bank bought more than 230,000 military bonds worth almost 230 million hryvnias.