Monobank will raise the rate for cash withdrawals from September 1
Monobank will increase the percentage of cash withdrawals from the card.
From September 1, the percentage will increase - from 0.5% to 0.9%. This was announced by the co-founder of Monobank, Oleg Gorokhovsky, on Telegram.
According to Gorokhovsky, banks that own extensive networks of ATMs, from September 1, increase the interbank rate for cash withdrawals by customers of other banks in Ukrainian ATMs.
Under these conditions, the tariff previously valid for cash withdrawals will not cover our expenses. Unfortunately, we are forced to raise the tax for withdrawing our funds from our cards from 0.5% to 0.9% from September 1. Despite this, the new tariff will still be one of the most profitable in the country.