monobank returns the seizure of funds on accounts after the change in legislation – this will affect more than 400 thousand customers

On May 6, Law No. 3048-IX “On Amendments to Certain Laws of Ukraine Regarding Certain Peculiarities of the Organization of Enforcement of Court Decisions and Decisions of Other Bodies during Martial Law” came into force.

This regulatory act amends the Laws of Ukraine “On Enforcement Proceedings” and “On Bodies and Persons Enforcing Court Decisions and Decisions of Other Bodies” to regulate certain peculiarities of the relevant activities during martial law.

This law mostly regulates the activities of private enforcement officers. However, it also cancels the CMU resolution that lifted the arrests of the executive service for less than UAH 100,000 during the martial law period. In other words, the martial law has not yet ended, and some of the exemptions that were supposed to remain in effect until the end of the martial law have already been canceled.

How this will affect ordinary citizens

Law No. 3048-IX allows clients with arrests to use only the amount of two minimum wages (UAH 13400). But only if the client applies to the bailiff, and the latter, in turn, sends the bank an order to lift the seizure of UAH 13400 on one of the client’s accounts.

Since the law has already come into force, banking institutions have returned the seizure of funds on clients’ accounts that were previously withdrawn during the martial law period. According to Oleg Gorokhovsky, this will affect approximately 436 thousand account holders among monobank clients alone. Across the country, this number will be much higher, as all banks will have to comply with the new law.

Source itc
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