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A foreign currency deposit helps preserve and grow your funds in a selected foreign currency. The income from such a deposit provides additional stability. Foreign currency deposits in Ukrainian banks are a popular investment method, as they help protect capital from inflation and exchange rate fluctuations.

Advantages of Foreign Currency Deposits

A foreign currency deposit has the following main advantages:

  1. Protection against inflation. A foreign currency deposit preserves the purchasing power of funds even during national currency instability.
  2. Risk diversification. Placing funds in different currencies reduces dependence on the economic situation in one country.
  3. Income stability. Interest accrual ensures predictable profit.
  4. Liquidity.

Foreign currency deposits are a reliable tool for capital preservation, protection from economic risks, and ensuring stable income.

Types of Foreign Currency Deposits

Foreign currency deposits in Ukraine are usually divided into the following types:

  1. Term deposits. Funds are placed for a fixed period with a guaranteed interest rate. The best offers are usually available for longer terms.
  2. Savings deposits. Allow partial withdrawals or top-ups, making them convenient for flexible financial management.
  3. With capitalization. Interest is periodically added to the principal, increasing total income.

A bank specialist can help you choose the optimal option for your needs.

How to choose the best foreign currency deposit?

When choosing a deposit, consider the following parameters:

  • deposit currency;
  • term: the longer the deposit period, the higher the interest rate;
  • interest rate: affects the total income;
  • possibility of early withdrawal: important for maintaining liquidity.

Interest rates on foreign currency deposits are usually lower than on hryvnia deposits, but they provide stability and protection against devaluation. Profitability is influenced by: the deposit term, the bank’s interest rate policy, and exchange rate fluctuations.

Risks of Foreign Currency Deposits

Like any financial instrument, foreign currency deposits carry certain risks:

  • exchange rate risk: changes in exchange rates may affect real returns;
  • bank insolvency risk: it is important to choose a financial institution with a high reliability rating;
  • lower returns compared to hryvnia deposits.

When opening an account, it's important to consider potential risks.

Additional Opportunities of Foreign Currency Deposits

Some banks offer additional options for depositors that provide more benefits:

  1. Renewal. Automatic extension of the deposit term under the same or updated conditions.
  2. Fund conversion. Ability to change the account currency without closing it.
  3. Flexible interest payment terms. Monthly interest accrual or payout at the end of the term.
  4. Additional income. Special offers for clients holding large deposit amounts.

Additional options can make deposits even more attractive and profitable for clients.

How to Open a Foreign Currency Deposit?

Opening a foreign currency deposit is simple and convenient:

  1. Choose a bank with favorable terms.
  2. Review the contract and interest terms.
  3. Deposit the selected currency into the account.
  4. Receive confirmation of account opening.

Foreign currency deposits are an effective way to preserve capital, providing stable income and financial security. A well-informed deposit choice will help minimize risks and maximize benefits from investing in foreign currency.

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Documents

The client's right to withdraw from the banking service agreement, information on the possibility and conditions of early termination:  According to the Civil Code of Ukraine, under a demand deposit agreement, the bank is obliged to return the deposit or part of it upon the depositor’s first request.
Early termination of a term deposit is not provided.

Detailed information on concluding a Public Agreement and standard contracts is available at the following  link

FAQ
How to apply for a loan at BIZBANK?

Applying for a loan at BIZBANK is as simple as can be!

  • Choose the loan you want to apply for
  • Loan programs for  BusinessPrivate Entrepreneurs, or  Private Clients are listed on our website.
  • Submit an application for a loan
  • We will contact you to provide additional information and clarify all the terms.

Please note that you can apply for a loan at any BIZBANK branch. The list and opening hours of the branches are available at the  link.

How to repay a loan at BIZBANK?

You can repay the debt in any way convenient for you, using the details specified in the Agreement:

  • At any BIZBANK branch. The list and opening hours of the branches are available at the  link;
  • From your own account opened at BIZBANK through the BIS 24 mobile application;
  • At the cashier of any other bank in Ukraine;

At self-service terminals.

How to find out the details for loan repayment?
  • The details for repaying the loan agreement are specified in the Loan Agreement.

You can also get the details for loan repayment:

  • By contacting the Bank's Contact Center
  • At any BIZBANK branch. The list and opening hours of the branches are available at the  link
How to find out the full loan repayment amount?

You can find out the amount for full loan repayment:

  • By contacting the Bank's Contact Center
  • At any BIZBANK branch. The list and opening hours of the branches are available at the link ;
How to open a deposit at BIZBANK?

Opening a deposit at BIZBANK is as simple as can be!

  • Choose the deposit you want to open
  • Deposit programs for  BusinessPrivate Entrepreneurs, or  Private Clients are listed on our website.
  • Submit an application to open a deposit
  • We will contact you to provide additional information and clarify all the terms.

You can open a deposit at any BIZBANK branch. The list and opening hours of the branches are available at the  link.

Is the interest accrued on deposits taxed?
  • Yes, interest accrued on deposits is subject to an 18% income tax and a 1.5% military levy.
  • Only the accrued interest is taxed; the principal amount of the deposit is not subject to taxation.
Setting up and canceling deposit prolongation

It is possible to set up* or cancel the prolongation of a deposit no later than 1 business day before the deposit term expires.

You can set up or cancel auto-prolongation:

  • By visiting any branch of the Bank;
  • By calling the Bank's Contact Center;
  • By sending a request with a qualified electronic signature to the email address info@bisbank.com.ua

*Setting up deposit prolongation is carried out exclusively in cases where such a possibility is provided for by the terms of the deposit agreement.

How can I find out the expiration date of the deposit?
  • Information regarding the deposit term is specified in the deposit agreement.

You can also get information about the deposit expiration date:

  • By contacting the Bank's Contact Center
  • At any BIZBANK branch. The list and opening hours of the branches are available at the link ;
How to get a card?

Getting a card at BIZBANK is as simple as can be!

  • Choose the card you want to get;
  • The card that suits you best among those listed on the website.
  • Submit an application for a payment card
  • We will contact you to provide additional information, clarify all the terms, and schedule a meeting.

You can get a card at any BIZBANK branch. The list and opening hours of the branches are available at the  link.

How to change the limits on the card?

Managing the daily transaction limits set on BIZBANK cards is very simple!

  • Standard transaction limits are set for the cards, which can be viewed and, if necessary, changed in the BIS24 mobile application.
  • You can also change the limits by calling the Contact Center or by submitting an application at any BIZBANK branch.

The list and opening hours of the branches are available at the   link.

*Please note that the set limits cannot exceed the limits restricted by the NBU, which are listed below.

What amount can be withdrawn from an account within Ukraine?

According to the restrictions of NBU Resolution No. 18 of 24.02.2022, cash withdrawal in Ukraine is carried out in the amount of 100,000 hryvnias per day (or the equivalent for accounts opened in foreign currency).

What amount of cash can be withdrawn from a hryvnia account abroad?

According to the restrictions of NBU Resolution No. 18 of 24.02.2022, cash withdrawal abroad from all hryvnia accounts opened at the Bank is carried out in the equivalent of 12,500 hryvnias per week.

What amount of cash can be withdrawn from a foreign currency account abroad?

According to the restrictions of NBU Resolution No. 18 of 24.02.2022, cash withdrawal abroad from all hryvnia accounts opened at the Bank is carried out in the equivalent of 100,000 hryvnias per day.

What are the restrictions on payments abroad for cards opened in the national currency (hryvnia)?

According to the restrictions of NBU Resolution No. 18 of 24.02.2022, payments abroad and on foreign websites from all accounts opened in the national currency at the Bank are carried out in the equivalent of 100,000 hryvnias per month.

What are the restrictions on payments abroad for cards opened in foreign currency (dollar and euro)?

There are no restrictions on payments abroad and on foreign websites from accounts opened in foreign currency (dollar and euro).

How to add a card to Wallet on iPhone
  • Open Wallet: Take your iPhone and open the Wallet app.
  • Add a card: Tap the add card icon and use the camera to scan the card or enter the details manually.
  • Accept the terms: Read and accept the terms and conditions of use.
  • Verify the card: Choose a method to verify the card, usually an SMS message with a code.
  • Done!: The card has been added. Now you can pay for purchases by simply double-clicking the side button.
How to add a BIZBANK card to Google Pay?

1. Download and open the Google Pay app, tap "add a card", take a picture of the BIZBANK card or enter the required details and tap "save"
2. Enter the confirmation code from the SMS – Your card has been added


Use the instructions at the link

How to use a BIZBANK card in Google Pay?

1. Unlock your smartphone and hold it near the contactless payment terminal
2. Confirmation of a successful transaction will appear on your smartphone screen

Shortly after making a purchase, you will receive a notification on your phone with a receipt detailing the transaction.
Please note – the service is temporarily unavailable for PROSTIR payment system cards


Use the instructions at the link

How to top up a card through an EasyPay terminal?

1. On the main screen, select "Banks and financial services" and tap the "BIZBANK" icon
2. Enter the full card number (16 digits) or scan the card using the NFC contactless module and tap "Next"
3. Enter your mobile phone number
4. Choose a convenient payment method
5. If paying with "Cash", receive a call and enter the last four digits of the calling number (i.e., a one-time OTP password) and confirm the payment
6. Check the data on the screen and enter the top-up amount (the terminal does not give change) and tap "Pay"

Use the instructions at the link

How to increase the interest rate on a deposit?

You can familiarize yourself with the current terms of the loyalty program at the link

Get an individual offer from Bizbank

Looking for a bank that meets the specific needs of your business? Leave your contacts and we will find a solution that suits you.


      If the application is made for the purpose of exercising rights under the Law of Ukraine "On Citizens' Applications", it must contain all data in accordance with the law.

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