Pivdenny Bank changes the currency conversion process for settlements by payment cards

Starting from 11.05.2026, Pivdenny Bank changes the currency conversion process for settlements by payment cards.

The changes apply to all types of payment cards issued by the Bank to individuals and legal entities as well as all types of transactions involving payment cards in which the transaction currency does not match the account currency.

From now on, the Bank’s FX rate for settlements by payment cards will always apply to transactions made in hryvnias, US dollars and euros, when converting to the account currency. For other currencies, the conversion process remains unchanged. For more details about the currency conversion algorithm for account freezes, visit the website.

Before the changes were introduced, the conversion of the amount from the transaction currency into the account currency was mostly performed in two stages:

1. conversion into the card’s billing currency at the rate of the relevant international payment system;
2. conversion of the resulting amount into the account currency at the Bank’s exchange rate set for settlements by payment cards as of the date of the transaction.

Some types of payment cards previously had a 3% potential FX rate difference blocked. This will no longer be the case.