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PrivatBank review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

PrivatBank suits Ukrainian savers and borrowers who want everyday banking and lending in one place: an easy-access savings envelope paying 5% on a variable rate, with a debit card at a monthly fee of UAH 0. Borrowing runs a hard credit check, so thin files can be turned down.

Key facts

Best for
Easy-access savings, a low-cost card and a broad lending range from one Ukrainian bank.
Monthly fee
UAH 0↗
Card type
Debit↗
Legal entity
Joint Stock Commercial Bank PrivatBank↗
Headquarters
Ukraine↗
Founded
1992↗
Support channels
Email, Chat, Phone, Help-centre↗
Features
Rewards
Official website
privatbank.ua

Loans

APR
3.4% to 3.5%↗
Loan amount
UAH 500,000↗
Term
10 to 60 months↗
Credit check
Hard↗
Funding time
Funds credited within 5 minutes↗
Rate type
Variable↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Loan types
Personal, Credit-line, Car, Secured, BNPL↗
Use cases
Home-improvement↗
Pricing model
No annual fee

Savings

Headline rate
5%↗
Minimum deposit
UAH 0↗
Access terms
Money can be spent at any time and interest keeps accruing; interest paid on the 1st of each month; contract term 10 years; up to 15 envelopes in hryvnias, US dollars or euro↗
Account kind
Easy access↗

Credit cards

Annual fee
UAH 0↗
Card kind
Credit↗

Mortgages

Initial rate
15.9%↗
Fixed period
1 year↗
Maximum loan to value
70%↗
Purpose
Purchase↗

Facts checked September 26, 2026, 10 sources

Apps and profiles

Elsewhere
WikidataWikipediaLinkedInX

Pros and cons

Pros

  • The debit card runs at a monthly fee of UAH 0, and the credit card, which earns rewards, at an annual fee of UAH 0.
  • Lending covers personal, credit line and car arranged directly by the bank as a direct lender, and early repayment is free.
  • Support runs on email, chat and phone.

Cons

  • Applications run a hard credit check, so borrowers with thin or unbuilt files can be turned down.
  • Savings interest is variable, so the 5% headline can move up or down.
  • Mortgages cap at 70% loan to value, under the site median of 90%, with an initial rate of 15.9% fixed for a period of 1.
PrivatBank

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Scored 9.5 / 10 by SumCue.

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Who it suits

  • Ukrainian households who want saving and lending together, with a debit card at a monthly fee of UAH 0.
  • Borrowers funding home improvements, home improvement, who can pass a hard credit check.
  • Savers in hryvnias, US dollars or euro who want money spendable at any time while interest keeps accruing.

Who should look elsewhere

  • Wise users, who pay a monthly fee of £0 for a multi-currency account rather than Ukrainian savings and lending.
  • bunq users, whose euro account runs at a monthly fee of €0, if you want a euro bank based outside Ukraine.
  • Varo Believe Secured Credit Card users, whose account costs a monthly fee of $0 in dollars, if you want a card unlinked to Ukrainian lending.

How PrivatBank compares

Where PrivatBank is available

Available
Ukraine
Licence in Ukraine
National Bank of Ukraine, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does it cost to hold the card and account?+

The debit card carries a monthly fee of UAH 0, and the credit card that earns rewards, rewards, has an annual fee of UAH 0. The savings envelope asks for no minimum deposit, UAH 0.

Who regulates the bank, and where does the money sit?+

PrivatBank is supervised by the National Bank of Ukraine, the regulator for its home market, and the account is held by Joint Stock Commercial Bank PrivatBank, a listed company since 1992. The savings product is easy access, which is what lets you take money out whenever you want.

How much can I borrow, and how fast do funds arrive?+

Loans reach UAH 500,000 over terms of 10 to 60 months at an APR of 3.4% to 3.5%, under the site median of 15.5%. The bank lends as a direct lender, so the decision sits with the bank, and Funds credited within 5 minutes once a decision is made.

Will I pass the credit check, and can I repay early?+

Applications run a hard credit check, so a thin or unbuilt history is assessed more closely, and most lenders in the set work the same way at 75%. Early repayment is free, so clearing the balance sooner costs nothing extra. Repayment discipline matters, since the site median for lender loss is 70.15%.

What are the mortgage terms like?+

Mortgages run for purchase, purchase, with an initial rate of 15.9% fixed for a period of 1. The maximum loan to value is 70%, which sits under the site median of 90%, so a larger deposit is needed to reach the full purchase price.

How do I get help, and who is this bank for?+

Support runs on email, chat and phone, so help is available by phone, chat, email and a help centre. The bank fits Ukrainian households wanting saving and lending in one place, with envelopes in hryvnia, dollar and euro, and borrowers covering home improvement who can pass the credit check.

Sources

Compiled from 10 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Currency conversion fee, Free ATM withdrawals, Protection.

PrivatBank

PrivatBank

Easy-access savings, a low-cost card and a broad lending range from one Ukrainian bank.

9.5/10See alternatives