PrivatBank for FOP Ukraine 2026: Tariffs, Payroll, IBAN

PrivatBank services over 1.4 million entrepreneurs — roughly half of all active Ukrainian FOP per NBU data on Q1 2026. And with those numbers, it’s strange that a normal tariff breakdown barely exists: some write about the “free account” and stop, others mix two-year-old tariffs with current ones.

PrivatBank for FOP is full settlement and cash service for sole proprietors at a state-owned bank with NBU license №22. The bank moved under state control in December 2016, is regulated by NBU, and falls under Deposit Guarantee Fund coverage up to UAH 600,000 (~$14,600). Main entrepreneur products: current IBAN account, three tariff plans, Visa/Mastercard business cards, payroll project, and acquiring.

# What are PrivatBank FOP tariffs in 2026?

Three tariffs total — Start, Growth, and Maximum. The choice depends on one number: monthly account turnover.

Start — zero monthly fee, but there’s a nuance. You pay nothing for opening and maintenance. But every incoming payment costs 0.5% — from both legal entities and individuals. An interbank transfer costs UAH 5 per transaction. For a FOP just starting out and receiving 20-30 payments per month totaling up to UAH 40k, that’s UAH 200 in commissions — cheaper than UAH 199 monthly fee. But if turnover crosses UAH 400k/mo — time to switch.

Growth — UAH 199/mo, incoming from legal entities free up to UAH 500k. The most popular tariff among FOPs with average turnover. Incoming transfers from individuals free up to UAH 150k/mo, above — 0.5%. Interbank payments — UAH 0. Break-even point when switching from Start — turnover from ~UAH 40k/mo (if all payments are incoming).

Maximum — UAH 499/mo, all incoming payments free. No limits and no commissions on incoming from any counterparties. Cash-out at PrivatBank ATMs — free up to UAH 50k/mo. Up to 10 business cards per account. Fits FOPs with a team or large cash volumes.

Important: all tariffs include free connection to Privat24 Business, integration with accounting software (1C, BAS, M.E.Doc), and automatic notification to the tax service (DPS) about account opening per art. 69 of the Tax Code.

# PrivatBank vs Monobank: which is better for FOP?

For a FOP with turnover up to UAH 200k/mo Monobank Business often works out cheaper — but not always. Let’s look at the numbers.

Monobank wins on simplicity — the app is more convenient, the interface cleaner. But there are three situations where Privat is clearly better. First — if you need a payroll project for employees. Second — if you often withdraw cash: a network of 2,200+ branches and thousands of ATMs beats Monobank hands down. Third — foreign-currency settlements: PrivatBank opens accounts in USD, EUR, GBP; Monobank in 2026 still offers limited options for FOP.

Honestly: if you’re an IT freelancer without cash and employees, Monobank may be more convenient. But for FOP with a team, sales point, or regular cash — PrivatBank wins.

For choosing between different business organization approaches, also read our piece on effective ways to save in business.

# How to open a FOP account at PrivatBank online?

Account opens in 1 business day, no branch visit. You need: passport, tax ID (INN), and status of registered FOP in the state register (EDR).

Three ways to submit an application. First — via Privat24 Business app: download, register, select “Open FOP account,” pass video verification. Second — via Diia: the “Open account” service is integrated with PrivatBank, data pulled automatically from registries. Third — at a branch, but why, if the first two are faster?

The bank verifies data through EDR and BankID NBU — no manual copying needed. After account opening, Privat auto-sends notification to DPS (art. 69 of the Tax Code) — this removes the entrepreneur’s obligation to do it themselves. IBAN and details available immediately in the app.

One trap most miss: when selecting a tariff during account opening in the app, Start is set by default. If you need Growth right away — change before confirmation, because later this can only be done via support chat or at a branch.

# What does PrivatBank IBAN for FOP look like in 2026?

PrivatBank IBAN is a 29-character string in format UA + 6-digit MFO code + 19-digit account number. Example: UA213220010000026201312345678. PrivatBank MFO — 305299 (head office) or corresponding regional.

Since October 1, 2024, NBU has definitively cancelled the old account format (14-digit), and all payments in Ukraine run exclusively through IBAN. PrivatBank completed the transition before the deadline. So if your counterparty still gives you an “old” PrivatBank account number — ask for IBAN, otherwise the payment may not go through.

Where to find your IBAN in Privat24 Business: home screen → your account → “Details” → IBAN. Also there — PDF with full banking details for sending to counterparties.

# PrivatBank payroll project for FOP: conditions and cost

The payroll project lets a FOP pay salaries to employees directly from the business account in one registry. Commission — from 0.5% of registry sum, but not less than UAH 50 per operation.

How it works. Entrepreneur creates registry in Privat24 Business or uploads Excel/XML file. Signs with one signature. Bank credits funds to employee cards within 1 business day — or instantly if cards are PrivatBank. Employees receive Visa or Mastercard payroll cards free.

Important for a FOP employer: the payroll project fixes the payment date and amount, which simplifies reporting. Account statement is automatic proof of payment for DPS and labor inspection audits.

To connect — application via Privat24 Business → “Payroll project” → upload employee list with tax IDs. Bank manager calls within 1 business day. Contract signed online via qualified digital signature (KEP).

If you’re just registering a FOP and thinking about which form to choose — recommend our guide on choosing a business form in Ukraine.

# Transfer limits and commissions from FOP account

Internal transfers between PrivatBank accounts — free and no limits on all three tariffs. Interbank — UAH 5/payment on Start and free on Growth and Maximum.

Withdrawing cash is expensive — true for most Ukrainian banks. On Start and Growth: 0.5% at PrivatBank ATMs (minimum UAH 5), 1% at other banks’ ATMs. On Maximum: UAH 0 up to UAH 50k/mo at PrivatBank ATMs, 1% above the limit. Cash via branch counter — same 0.5% but minimum UAH 20.

Transferring funds to your own individual PrivatBank card (FOP owner): formally this is withdrawing entrepreneurial income. Commission — UAH 0 for internal transfers. But remember: payments to yourself as an individual are taxed under general single-tax rules, not as salary.

Single transfer limit — UAH 1M (online), for larger sums financial monitoring confirmation required per Law of Ukraine №361-IX “On Preventing Money Laundering.” This is standard for all banks, not just Privat.

For how to properly plan business cash flows, read our piece on budget planning and cash flow forecasting.

# Privat24 Business: what the entrepreneur app can do

Privat24 Business is a separate app, distinct from regular Privat24 for individuals. Available on iOS and Android, plus web version.

What’s in it. Real-time statements and export in PDF, XLSX, MT940 (for accounting software). Payments signed via qualified digital signature — OneClickSign or Token. Integration with M.E.Doc and BAS for automatic payment-order exchange. Payroll project. Currency conversion at bank rate. Business card ordering and limit management.

And a few things that are missing or inconvenient. API for mass payments exists, but documentation isn’t the best; integrators have to spend time. Support chat replies in 2-4 hours during business hours — not instant. Mobile version occasionally glitches when loading large registries over 500 rows.

But honestly, for 80% of FOPs the functionality is quite sufficient. If you only need basic account work, salary, and statements — the app handles it.

If you’re planning to scale the business and looking for new directions — see our roundup of current business ideas and financial skills for successful managers.

# Bank guarantee and additional products for FOP

PrivatBank offers FOP not just a settlement account. If your business participates in public procurement via Prozorro, the bank issues bank guarantees for tenders — online, no collateral, within 1 day.

Credit line for FOP — “Business Credit” from PrivatBank: up to UAH 3M, rate from 18.5% annual (PrivatBank data, June 2026). Acquiring — POS terminal connection from 1.4% turnover commission. Foreign-currency accounts in USD, EUR, and GBP — opened parallel to hryvnia, conversion at bank rate in the app.

# See also

• Business loans for small business and FOP
• Current accounts and deposits for entrepreneurs
• Bank reviews and tariff comparisons
• Business and financial planning calculators

Subscribe to Kompanion — we break down finance, banks, and business without fluff. Next up: FOP acquiring comparison for 2026.