Warning!

According to Article 1060 of the Civil Code of Ukraine, a bank deposit agreement is concluded on the terms of issuing a deposit on first demand (demand deposit) or on the terms of returning the deposit upon expiration of the term established by the agreement (term deposit). The agreement may provide for the payment of the amount of money under other conditions of its return.

Under a demand deposit agreement, the bank is obliged to withdraw the deposit or a part thereof upon the first demand of the customer (depositor). The provision of a demand deposit agreement on refusal of the right to receive a deposit on demand shall be null and void.

Under a bank term deposit agreement, the bank is obliged to withdraw the deposit and accrued interest on this deposit upon expiration of the term specified in the bank deposit agreement. The return to the customer (depositor) of a bank time deposit and accrued interest on this deposit at his/her request before the expiration of the term or before the occurrence of other circumstances specified in the agreement is possible only if it is provided for by the terms of the bank time deposit agreement.

Taxation: The tax rate on personal income that may be received as interest under a bank deposit agreement is 18% of the amount of such income (clause 167.5.1 of Article 167 of the Tax Code of Ukraine), which is withheld by the Bank as a tax agent when calculating interest under the agreement and transferred to the state budget.

If, on the day of conclusion of the bank deposit agreement, the customer (depositor) fails to deposit the funds amounting to the deposit amount into the account, the bank deposit agreement shall be deemed not to have been concluded, and the deposit account shall be closed by the bank without notifying the customer (depositor) thereof, if provided for by the terms of the bank deposit agreement.

In case of untimely application of the customer to the bank for repayment of funds raised under the bank deposit agreement, the deposit amount with accrued interest will be paid to the account specified in the deposit agreement, unless otherwise provided by the agreement.

The bank is prohibited from requiring the customer to purchase any goods or services from the bank or a related or affiliated person as a prerequisite for the provision of these services (except for the provision of a package of banking services).

The Bank is not entitled to unilaterally amend agreements concluded with customers, unless otherwise provided by the agreement or the law.

After termination of the banking service agreement, including due to expiration, termination or fulfillment of such agreement, the client has the right to request information (certificate) from the bank regarding the fulfillment by the parties of their obligations under the agreement, including information (certificate) on the absence of debt and fulfillment of the client's obligations under the agreement in full, which the bank provides in the form of a paper or electronic document (at the client's option) within five business days from the date of receipt.

The Customer has the right to refuse to receive advertising materials that may be sent to him/her via remote electronic service channels in the future.

Application form for refusal to receive advertising materials is available at the link in the «Other» section.