Operations for the Purchase of Cash Currency

PJCS «MTB BANK» offers the services of purchase of the exchange currency cash using the cashless national or foreign currency correspondently in accordance with the current legislation and according to the NBU instructions.

Currency exchange cash transactions are performed by the bank in scopes of the limits of open risks, which are set by ALCO.

The transactions with cash are performed by bank with the following currencies: UAH, USD, EUR.

The transactions with cash are performed by the bank in all regions of the bank’s activity. There is an employee responsible for this particular type of transactions at every full branch of the bank.

The bank performs constant work on facilitating the cooperation with new counterparties, thus extending the network of partners. Except for the operations in scopes of the set limits, the bank also proposes to the counterparties the performance of currency exchange transactions on a pre-paid basis.

How to Buy Foreign Currency in MTB Bank?

MTB Bank provides cash foreign currency purchase services to its customers in accordance with the requirements of the current legislation and instructions of the National Bank of Ukraine (NBU). Currency may be purchased from the bank only within the established limits. The Bank performs cash transactions in the following currencies: Ukrainian hryvnia (UAH), US dollar (USD) and euro (EUR). This allows customers to buy currency according to their needs. Monitor exchange rates to make profitable financial transactions. Cash transactions are carried out in all regions where MTB Bank has its branches.

Who Can Buy Foreign Currency in MTB Bank?

Individuals (citizens):

• Residents. Citizens permanently residing in Ukraine can both buy and sell foreign currency upon presentation of the relevant documents, such as a passport or other identification document.
• Non-residents. Foreign nationals or stateless persons may also buy foreign currency by presenting a passport or other identification document and complying with the requirements of the currency legislation.

Legal entities (companies and organisations):

• Residents. Ukrainian companies and organisations can buy foreign currency in Kyiv or another city of Ukraine if they have accounts with MTB Bank and follow the relevant procedures, including submitting the necessary documents confirming the legality of obtaining the currency.
• Non-residents. Foreign companies or organisations may purchase foreign currency through their representative offices or subsidiaries registered in Ukraine, provided they have the relevant documents and comply with the legal requirements.

For all categories, the purchase and sale of foreign currency is subject to certain regulatory restrictions and requirements set by the National Bank of Ukraine (NBU) and applicable laws. 

What Is the Exchange Rate for Buying Foreign Currency in MTB Bank?

You can buy foreign currency in Lviv or any other city of Ukraine at the exchange rate set on the basis of several factors:

• The official exchange rate of the National Bank of Ukraine (NBU). The Bank takes into account the official exchange rate set by the NBU, which is the benchmark for determining the exchange rate.
• Interbank foreign exchange market. Exchange rates on the interbank market affect intra-bank rates, as banks buy and sell currencies among themselves at these rates.
• Supply and demand for currency. Exchange rates may vary depending on the current supply and demand for foreign currency among the bank's customers.
• The bank's internal policy. Each bank sets its own exchange rate, which may include an additional margin to cover operating expenses.
• Fluctuations in global currency markets. Global economic and political developments may also affect exchange rates, which are reflected in the banks' internal exchange rates.

Thus, the sale of foreign currency is carried out at an exchange rate that may differ from bank to bank and depends on current economic conditions and internal bank rules. Exchange rates are always published in MTB Bank branches and are updated periodically.