Monobank co-owner Oleg Horohovsky announced the cancellation of the commission for transferring funds via IBAN payments. He was reminded of it by a post on the social network Threads.
Monobank co-owner Oleg Horohovsky announced the cancellation of the commission for transferring funds via IBAN payments. He was reminded of it by a post on the social network Threads.
On February 22, Gorohovsky wrote that his use of Threads «will cost the monobank more than 200 million hryvnias per year».
«Previously, if you transferred up to UAH 10,000 to an IBAN, it was free, and over UAH 10,000, there was a commission of 0,5% of your own funds, because such payments were extremely rare at the start of mono. From now on, we are removing this commission!», explained the co-owner of monobank on February 23.
Oleg Horohovsky pointed out that the tariffs for IBAN payments have not changed since 2017. According to him, this commission brought monobank over UAH 200 million per year. He claims that they simply forgot about it.
«This happened because of a post in Threads, from which I learned about the existence of a commission that we had forgotten about and never paid attention to. In addition, this commission did not exist for owners of iron cards, which I use. So thank you, Threads people, for your help,» wrote Gorokhovsky.
The co-owner of Monobank said that he would not mind spending these 200 million UAH to «create better conditions in the market».
