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The NBU regulates the opening of salary accounts

The NBU’s resolution of August 18, 2014, No.499 introduced changes to the Instructions on procedure of opening, use and closure of bank accounts in national and foreign currency. The NBU obliged the banks to open a separate current account to pay only wages, grants, pensions, social aid and other social payments foreseen in Ukrainian law or use an account opened for this purpose. In the application form to open a new account, in the line “Additional information”, the client has to indicate that an account will be used for paying wages, grants, pensions and social payments. For operating accounts this information will be indicated in the supplement to the bank account agreement.  The debit operations will be performed in accordance with Chapter 7 of the Instructions on procedure of opening, use and closure of bank accounts in national and foreign currency.

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