National Cashback card: what Ukrainians risk by opening it
13 November 2024 15:56
Ukrainians agree to disclose bank secrecy regarding all current accounts and to analyze their payment transactions by opening a card “National Cashback”. This is stated in the material “Word and Deed”, reports "Komersant Ukrainian".
To find out the terms of the contract for opening a special account for the accrual of national cashback, journalists filed a request to one of the banks in which you can open a card. It turned out that by signing an agreement to open a card “National cashback” the client agrees to:
- analyzing payment transactions on accounts opened with the bank;
- disclosure of information constituting bank secrecy regarding payment transactions on all current accounts.
The account may not be used for operations related to entrepreneurial and independent professional activities. In the event of a change in the person’s authorization to manage the account, the Customer shall immediately notify the Bank thereof in writing.
In addition, payment transactions may be subject to limits and restrictions established by law. Also, the card “National cashback” can not be replenished: it is opened only to receive payments, about which we wrote above.
What the Ministry of Economy says
The fact that in order to accrue cashback, you need to provide access to transactions, the Ministry of Economy does not consider it a violation of bank secrecy.
“There is no disclosure of bank secrecy here. That is, a person agrees to the fact that he gives this information for the accrual of cashback. There is no reason to believe that this information will be used for any other needs than the accrual of cashback,” said Deputy Economy Minister Nadezhda Bigun.
She added that the state does not intend to force consumers to share any information through this program. It is too complicated from the point of view that the state has such far-reaching plans
What a bank-opened account is used for
The “National Cashback” card opened in the bank can be used to receive state monetary aid for the purchase of goods produced in Ukraine and 1 thousand hryvnias of payments announced by the President of Ukraine.
How to use funds from “National Cashback” card
You can spend your cashback on services – utilities, medical, transportation and the like. Or to donate to the AFU or purchase military bonds.
We will remind, for October Ukrainians were credited three times more national cashback than in September. We are talking about the amount of 125 million UAH. It is also known that more than 1.9 million Ukrainians activated their card in the mobile application of administrative services “Dia”. And in general, more than 1.5 thousand domestic manufacturers have joined the program.
