10 Ukrainian Banks Where You Can Open an Account Online Without Visiting a Branch.

10 Ukrainian Banks Where You Can Open an Account Online Without Visiting a Branch

In October 2020, the National Bank of Ukraine (NBU) significantly simplified the remote verification procedure for banking customers, allowing Ukrainian citizens to open a bank account online if they have a digital passport or foreign passport in the Diia app. In this article, we will look at 10 Ukrainian banks that offer the option to open an account online.

1. Monobank

Monobank – Ukraine's first neobank

Monobank is Ukraine's first neobank. It launched in 2017 and is known for its online platform, which allows customers to manage their finances via a mobile app, track expenses, block and unblock cards, and earn cashback on purchases. Monobank also offers virtual and physical cards, free money transfers between clients, and the ability to withdraw cash from ATMs across Ukraine according to the selected card's tariff. Monobank supports SWIFT, SEPA, and other services for international transfers.

Monobank official website.

2. PrivatBank

PrivatBank – the leader among commercial banks in Ukraine

PrivatBank has held a leading position among commercial banks in Ukraine since its founding in 1992. The bank serves both individuals and legal entities, offering a full range of banking products, including loans, deposits, and various payment and transfer services. PrivatBank's network includes over 1,000 branches, 5,000 ATMs, and 10,000 self-service terminals across the country. According to the 2024 review: more than 19 million Ukrainians use the bank's services annually, with approximately 13 million actively using the Privat24 mobile banking app. PrivatBank also provides one of the country's most extensive networks for international money transfers via SWIFT, SEPA, Western Union, Ria, MoneyGram, IntelExpress, Payoneer, Welsend, Sigue, TransferGo, Wise, and others.

PrivatBank official website.

3. Raiffeisen Bank

Raiffeisen Bank – one of the most reliable banks in Ukraine

The bank was registered on March 27, 1992, under its original name "Joint Stock Postal Pension Bank 'Aval'". The bank received its current name in 2021; it joined the Raiffeisen group earlier, in October 2005. According to the 2024 review: Raiffeisen Bank has about 330 branches and has repeatedly received international and domestic awards, such as "Best Bank in Ukraine" and "Most Reliable Bank in Ukraine". For international transfers, the bank uses services such as Western Union, Meest, and Raiffeisen Express.

Raiffeisen Bank official website.

4. A-Bank

A-Bank – an established financial institution in Ukraine

A-Bank, formerly known as Ukrainian Credit Bank, is one of Ukraine's most established financial institutions. It began operations in 1992 and, until 2013, operated as a subsidiary specializing in consumer lending (a separation created for tax optimization). According to the 2024 review: the bank has 200 branches and 3.1 million customers. The bank remains focused on consumer lending services. In addition, A-Bank also provides cross-border transfer services via SWIFT, SEPA, Western Union, and more.

A-Bank official website.

5. FUIB

FUIB – First Ukrainian International Bank

First Ukrainian International Bank (FUIB) has been in the market since 1991. According to the 2024 review: it has about 200 branches and 1.7 million customers. One of FUIB's key features is offering arguably some of the best consumer lending terms on the market. The bank provides long loan terms, low interest rates, and numerous partnerships with marketplaces. In addition, FUIB has a well-developed money transfer system based on partnerships with payment systems such as SWIFT, SEPA, Western Union, and many others.

FUIB official website.

6. Izibank

Izibank – a young Ukrainian neobank

Izibank is a young Ukrainian neobank founded in 2020. All banking services, such as opening an account, managing transactions, setting limits, managing deposits, and more, are available via smartphone. According to the 2024 review: Izibank has about 300,000 customers, most of whom use consumer credit products. For cross-border transfers, Izibank uses the SWIFT and SEPA systems.

Izibank official website.

7. Sense Bank

Sense Bank – Ukraine's first messenger for money.

The bank was founded in 1992. Before being renamed Sense Bank, it operated under the name "Alfa-Bank Ukraine". In 2022, the bank decided to abandon the (Russian) "Alfa" brand and changed its name to "Sense Bank", and has been state-owned since July 21, 2023. According to the 2024 review: Sense Bank has 130 branches and 3 million customers. For transfers, Sense Bank uses SWIFT.

Sense Bank official website.

8. Kredobank

Kredobank – one of Ukraine's first commercial banks

Kredobank is one of Ukraine's first commercial banks, operating since 1990. It was initially named "Western Ukrainian Commercial Bank" (WUCB), which was changed to "Credit Bank (Ukraine)" in 2001, and then to "Kredobank" in 2005. According to the 2024 review: Kredobank has 68 branches and 600,000 customers. In addition, the bank is connected to SWIFT / SEPA and is frequently used by Ukrainian citizens wishing to transfer money from Poland to Ukraine or vice versa.

Kredobank official website.

9. Bank Credit Dnipro

Bank Credit Dnipro – joint-stock company "Municipal Bank"

The bank was founded in 1993 as the joint-stock company "Municipal Bank". In 1994, it was renamed "Bank Credit Dnipro". Despite its name, its headquarters is located in Kyiv. According to the 2024 review: it primarily serves businesses, which is why it has only 30 branches. However, in recent years it has focused more on the retail sector, and in 2021 even entered the TOP-15 most convenient banks for individuals according to Forbes magazine. For international transfers, Bank Credit Dnipro uses SWIFT, Ria Money Transfer, MoneyGram, and Welsend.

Bank Credit Dnipro official website.

10. PRAVEX BANK

PRAVEX BANK – part of the international Intesa Sanpaolo banking group

Pravex Bank has been on the market since 1992. Since 2008, the bank has been part of the Italian international banking group Intesa Sanpaolo (Italy's largest bank by total assets and the 27th largest in the world). According to the 2024 review: despite such a prominent partnership, Pravex has been losing ground in Ukraine and now has only 40 branches (down from 400 a decade ago), but the bank remains fairly popular among corporate clients focused on Western Europe.

PRAVEX BANK official website.

Conclusion

If you are looking for a convenient way to open a bank account online, Monobank is an excellent choice. Another good option is PrivatBank; however, its cashback rewards program is less developed, and the process of card issuance and managing finances via the mobile app may be slightly more complex than with Monobank. On the other hand, PrivatBank offers a much broader range of products and services. In any case, the choice of bank depends on your specific needs and preferences. Both banks provide high-quality services and are reliable financial partners.