Monobank – Innovative Banking Services in Your Smartphone
Monobank is Ukraine’s first neobank, operating entirely through a mobile app without physical branches. Launched in 2017 under the license of Universal Bank, it quickly gained popularity thanks to its convenient mobile banking, attractive terms, and creative approach to customer engagement. Today, Monobank serves over 8 million Ukrainians, offering a wide range of financial products.
Why Choose Monobank Ukraine?
Monobank has redefined banking by bringing all operations to your smartphone. Clients can open accounts in UAH, USD, and EUR, order credit cards with limits up to 100,000 UAH, and enjoy cashback on purchases. The bank partners with Universal Bank and institutions like A-Bank for cash-related operations.
- Free transfers between Monobank and other bank cards (up to 10,000 UAH per month).
- Instant issuance of virtual or physical cards via the app.
- Attractive deposits with annual rates up to 12% in UAH.
Unique Features of Monobank Mobile Banking
One of the bank’s key advantages is its mobile app, recognized as one of the most popular fintech solutions in Ukraine. Users can:
- Set up cashback of up to 20% in two chosen categories each month.
- Create a “Jar” – a dedicated savings account with gamification features (e.g., rounding up expenses or automatic transfers).
- Pay utility bills and top up mobile accounts without fees.
During the war, Monobank became a vital tool for fundraising: through the “Jar” feature, volunteers raised over 10.6 billion UAH to support the Ukrainian Armed Forces and humanitarian needs.
Credit Products and Monobank Credit Cards
Monobank offers credit cards with a grace period of up to 62 days and limits up to 100,000 UAH. Applying takes just minutes: download the app, upload your passport and tax ID photos, and you’re set. The bank also provides loans up to 500,000 UAH with flexible repayment terms.
For parents, Monobank offers a kids’ card for children aged 6 to 16, featuring parental controls to monitor spending in real time.
Currency Exchange and Financial Operations
Monobank provides transparent currency exchange rates for USD, EUR, and other currencies. Clients can check live rates in the app and perform transactions without hidden fees. The bank also supports international transfers via SWIFT, SEPA, and Western Union, making it ideal for those working with foreign partners.
Awards and Recognition
Monobank has earned multiple awards, including “Best Fintech Startup” by PaySpace Magazine Awards (2018) and “Neobank of the Year” by FinAwards. Its app consistently ranks at the top of App Store and Google Play among fintech apps in Ukraine.
How to Access Monobank Banking Services?
To become a client, download the Monobank app from the App Store or Google Play, register using your passport and tax ID, and choose a virtual or physical card. All services, from mobile banking to setting up cashback, are available online without visiting a branch.
Join Monobank and manage your finances effortlessly and modernly!