Many Ukrainians in Poland continue using their Ukrainian bank cards for seamless cashless transactions. However, withdrawing cash remains an important concern. In this article, we’ll explore how to withdraw cash from Ukrainian cards in Poland while minimizing costs and highlight P2P transfers via Rebell Pay as a cost-effective alternative.
Cash Withdrawal Limits for Ukrainian Cards
The National Bank of Ukraine has set monthly cash withdrawal limits for hryvnia cards abroad at 50,000 UAH, with a weekly limit of 12,500 UAH. Cashless payment limits are higher, reaching up to 100,000 UAH per month, making these cards convenient for non-cash transactions.
How to Withdraw Cash Without Fees: List of Banks
Some Polish banks, such as Pekao, Millennium, Citibank, and Bank BPS, allow cash withdrawals from Ukrainian cards without additional fees on their side. However, most Ukrainian banks charge a withdrawal fee—usually 2% of the amount. Additionally, some ATMs may impose an extra fee of around 17.90–19.85 PLN per transaction.
Avoiding Double Currency Conversion
ATMs, particularly from the Euronet network, often offer currency conversion. This can lead to double conversion—first converting hryvnia to euros or dollars, and then to Polish zloty. This significantly increases transaction costs. To avoid this, decline the conversion option when prompted by the ATM.
P2P Transfers via Rebell Pay: Save on Fees
A cost-effective alternative for cash withdrawals is using P2P transfers through the Rebell Pay app. This service allows Ukrainians to directly exchange hryvnia for Polish zloty. For example, you can send hryvnia to someone in Ukraine, who can then provide you with an equivalent amount in zloty through a Polish bank. This avoids fees and exchange rate losses.
Advantages of P2P Transfers via Rebell Pay:
- Minimal or no fees when exchanging currency between users.
- Secure transactions thanks to modern encryption methods.
- Instant transfers, crucial for urgent financial needs.
Conclusion
Withdrawing cash from Ukrainian cards in Poland is possible, but it’s essential to consider limits, fees, and potential double currency conversion. Using P2P transfers via Rebell Pay offers a convenient way to minimize costs and quickly access funds in Polish zloty.
For more details on limits set by the National Bank of Ukraine, visit their official website.