monobank review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
monobank is a Ukrainian business bank account rather than a crypto platform, and it suits companies that want plain everyday banking with generous cash access. The business account carries a monthly fee of UAH 0, and free ATM withdrawals of UAH 50,000 are the standout number here.
Key facts
- Best for
- Businesses that want a no cost business account with a large free ATM allowance in Ukraine.
- Monthly fee
- UAH 0↗
- Free ATM withdrawals
- UAH 50,000↗
- Card type
- Debit↗
- Legal entity
- JSC UNIVERSAL BANK↗
- Audience
- Business
- Official website
- monobank.ua
Facts checked September 26, 2026, 3 sources
Pros and cons
Pros
- The business account costs UAH 0 a month, so there is no recurring charge to budget for.
- Free ATM withdrawals of UAH 50,000 run well above the €0 median across crypto cards.
- The account is issued by JSC UNIVERSAL BANK and the licence sits with the National Bank of Ukraine, so the money is held by a named bank.
Cons
- The monthly fee of UAH 0 is no advantage, since Monzo Flex (£0), Wise (£0) and Bitpanda (€0) charge no monthly fee either.
- The audience is business use, so anyone wanting a personal card rather than a company account is looking at the wrong product.
- The card is a debit card and the licence is with the National Bank of Ukraine, so the comparison is banking rather than crypto features.
Who it suits
- Companies that need a debit card and heavy cash access without a monthly charge.
- Readers who want the money held by a regulated bank, with JSC UNIVERSAL BANK as issuer and the National Bank of Ukraine as regulator.
- Anyone starting from cost, since UAH 0 a month matches the €0 median for crypto cards.
Who should look elsewhere
- Anyone after a crypto card rather than a bank debit card, where Bitpanda is the one to compare in that category.
- Readers who weigh only the monthly fee, since Monzo Flex (£0) and Wise (£0) also charge nothing monthly.
How monobank compares
A €0 monthly fee in the crypto cards category, where the median monthly fee is €0.
Where monobank is available
- Available
- Ukraine
- Licence in Ukraine
- National Bank of Ukraine, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does a monobank business account cost each month?+
The business account carries a monthly fee of UAH 0, so there is no recurring charge to budget for. That sits alongside Monzo Flex at £0, Wise at £0 and Bitpanda at €0, and at the €0 median for crypto cards.
How much can I take out of ATMs without paying?+
Free ATM withdrawals of UAH 50,000 are the standout number, since the median free allowance across crypto cards is €0 and the top of the range reaches €2,000. Cash handling, not card extras, is where this account is generous.
Which company issues the account and who regulates it?+
The account is issued by JSC UNIVERSAL BANK and the licence is with the National Bank of Ukraine, so the money sits with a named bank rather than an unnamed issuer. The business account costs UAH 0 a month and is aimed at business use.
What type of card does monobank issue?+
It is a debit card, and debit accounts for 74.7% of the crypto cards category. The card is built around company spending, since the audience here is business use.
Is monobank a crypto platform?+
It is a bank account rather than a crypto exchange. The card is debit, the audience is business, the issuer is JSC UNIVERSAL BANK and the licence is with the National Bank of Ukraine. Readers comparing crypto spending should weigh it against cards in the crypto category, where the median monthly fee is €0.
Who is the account aimed at?+
The audience is business use, and the free ATM allowance of UAH 50,000 is the number that matters most to a company handling cash. Monthly fees are not a differentiator, since the crypto cards median is €0 and Bitpanda charges €0 a month too.
Sources
- monobank.ua/about checked September 26, 2026
Backs: Legal entity, Licences
“monobank is a retail product of JSC UNIVERSAL BANK”
- monobank.ua/black checked September 26, 2026
Backs: Card type
“Use the virtual card as you like. Or order a physical one - black card”
- monobank.ua/en/fop checked September 26, 2026
Backs: Free ATM withdrawals, Audience, Monthly fee
“Withdraw up to UAH 50k/month fee-free - mono SP account”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee, Protection.
monobank
Businesses that want a no cost business account with a large free ATM allowance in Ukraine.