Changes in bank transfers from October 2025 open banking transparency of details and enhanced financial control

Technological foundation of the changes
The foundation of the new rules is the Open Banking platform, which enables banks and payment systems to receive and exchange detailed information about financial transaction participants. This ensures precise identification of payers and recipients, as well as tracking transfer chains and preventing fraud.

Key innovations

• Full name of the recipient: All payment documents and bank statements will no longer have abbreviations or codes, but instead display the full name of the company or person who received the funds. This makes financial flows transparent to users and regulators.
• Expanded payer details: For card transfers, bank statements will now include identification data of the payer, including full name, recipient’s name, and account number.
• Enhanced financial monitoring: Banks will analyze not only the amounts transferred, but also the client’s profile, business sector, and transaction riskiness. Payments up to 30,000 UAH per month will not raise concerns, between 30,000 and 400,000 UAH may prompt additional inquiries, and above 400,000 UAH will require mandatory documentary confirmation of the source of funds.
• Focus on risky areas: Special attention is paid to transfers connected to gambling, real estate, precious metals, investments, offshore zones, and sanctioned countries.
• Automatic bank updates and adaptation: Banks and payment services must be ready for new standards and automatically integrate changes in their systems.

Impact on users and business
For regular users, this means greater transparency and security of financial operations, but also increased responsibility for correct details. In cases of disputed or suspicious transactions, users must be ready to confirm the legality of funds.
For businesses, these innovations stimulate honest financial operations, as transparency and identification reduce opportunities for fraud and minimize financial crime risks. At the same time, regulatory oversight is expected to increase, and there may be additional documentation burdens.

Practical advice

• Carefully check recipient details before making transfers;
• Keep confirmation of all financial operations;
• Avoid cooperation with dubious counterparties;
• In case of issues, contact the bank or regulator directly.

Conclusion
The new card transfer rules from October 1, 2025, are an important step for Ukraine towards greater transparency in financial operations. They protect both banks and users from fraud, promote more effective financial oversight by the state, and create conditions for the development of a secure financial market.

Author: Ihor Yasko, Managing Partner of “WINNER” Law Firm, PhD in Law.