PrivatBank review
Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026
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Our verdict
PrivatBank is a Ukrainian bank whose card works as a debit card for daily spending and as a credit card for short borrowing. The debit card has a monthly fee of UAH 0, the credit card has an annual fee of UAH 0, and borrowing runs at 3.4% to 3.5%.
Key facts
- Best for
- A fee free card in Ukraine for everyday spending with credit on the same account
- Monthly fee
- UAH 0 (Source, checked September 26, 2026)
- Card type
- Debit (Source, checked September 26, 2026)
- Headquarters
- Ukraine (Source, checked September 26, 2026)
- Founded
- 1992 (Source, checked September 26, 2026)
- Features
- Rewards
- Official website
- privatbank.ua
Credit cards
- Annual fee
- UAH 0 (Source, checked September 26, 2026)
- APR
- 3.4% to 3.5% (Source, checked September 26, 2026)
- Card kind
- Credit (Source, checked September 26, 2026)
- Headquarters
- Ukraine (Source, checked September 26, 2026)
- Founded
- 1992 (Source, checked September 26, 2026)
- Pricing model
- No annual fee
- Features
- Rewards
Pros and cons
Pros
- Monthly fee of UAH 0 on the debit card, level with the site median of €0
- Annual fee of UAH 0 on the credit card, and the pricing model is no annual fee
- Borrowing at 3.4% to 3.5%, below the site APR median of 20.97%
- Rewards sit in the feature list (rewards) alongside debit access on the same card
Cons
- Cashback is not among the features (rewards), so the rewards come with no rate attached to them
- Multi currency is not among the features (rewards), so spending abroad has no stated conversion fee
- The credit side runs as a credit card (credit), so anything left uncleared keeps accruing at 3.4% to 3.5%
Who it suits
- Ukrainian customers paying everyday bills who want a monthly fee of UAH 0
- Borrowers who clear the monthly bill and can live with an APR of 3.4% to 3.5%
- People who want debit and credit from a single bank, since the card type is debit and the card kind is credit
Who should look elsewhere
- Frequent travellers, who should weigh Wise for its own conversion pricing
- Anyone wanting credit secured on savings, where the Varo Believe Secured Credit Card fits the brief
- Readers looking only for a secured Visa credit card, who should weigh the Chime Card (Secured Visa Credit Card)
Who runs it
PrivatBank is headquartered in Ukraine and was founded in 1992, so the bank has a long record in its home market. It is supervised by the National Bank of Ukraine, the regulator listed for this market, and that supervision is what readers weighing the safety of the money should look at first.
How PrivatBank compares
Where PrivatBank 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 the PrivatBank debit card cost each month?+
The debit card carries a monthly fee of UAH 0, which puts it level with the site median of €0. Holding the everyday card is therefore cheap, which pushes the cost question towards the borrowing rate rather than card upkeep.
Is there an annual fee on the PrivatBank credit card?+
No annual fee applies to the credit card, shown as UAH 0, and the pricing model is no annual fee. For context, the site upper quartile on annual fees reaches €4.89, so this card sits at the quiet end of the range.
What rate do I pay to borrow on this card?+
The APR is 3.4% to 3.5%, compared with a site median of 20.97% and an upper quartile of 25.64%. The rate is the part of the card that costs money, so a balance left on the statement keeps accruing until the bill is cleared.
Who runs PrivatBank and where is it based?+
PrivatBank is headquartered in Ukraine and was founded in 1992, so the bank has a long record in its home market. It is supervised by the National Bank of Ukraine, the regulator listed for this market, which is the body readers should look to on questions of account safety.
Does the card come with any rewards?+
Rewards are part of the card's feature list (rewards), sitting alongside its debit use. No cashback or points rate is named with that feature, so treat it as a perk rather than a reason to choose, and weigh the monthly fee of UAH 0 and the rate of 3.4% to 3.5% instead.
Can I get a debit card and credit from the same bank?+
Yes. The card type is debit, so it draws on the current account, while the card kind is credit, so a credit line sits alongside it. The pricing model is no annual fee and the annual fee on the credit card is UAH 0, so keeping both open carries no yearly charge.
What does the card cost for spending abroad?+
The published rates do not list a currency conversion figure for the debit or the credit card. Across the site the median conversion cost is 1% and the top of the range is 10.5%, so anyone spending heavily outside Ukraine should price the conversion before relying on this card.
Who should not choose the PrivatBank card?+
It is aimed at customers in Ukraine settling local bills rather than at travellers or savers. Wise is the alternative to weigh for spending across many currencies, and the Varo Believe Secured Credit Card suits anyone who wants credit built on savings rather than a revolving balance.
Sources
- privatbank.ua/en/kredyty/oplata-chastynamy-ta-myttyeva-ro... checked September 26, 2026
Backs: Annual fee, Pricing model
“If you don't have a card, get it for free - Universal card”
- sms-admin.privatbank.ua/en/tariffs checked September 26, 2026
Backs: APR
“Basic interest rate per month 3,4%/3,5% Universal/Universal Gold - Universal card”
- en.wikipedia.org/wiki/PrivatBank checked September 26, 2026
Backs: Founded, Headquarters, Licences
“PrivatBank was founded in 1992”
- privatbank.ua/en/platizhni-kartky/universalna checked September 26, 2026
Backs: Card kind, Card type, Features
“No interest on the loan up to 55 days - Universalna Card”
- oreanda-news.com/en/promyshlennost/article667782 checked September 26, 2026
Backs: Monthly fee
“Salary card issuing and servicing are free of charge”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee, Free ATM withdrawals, Protection.
Related by the facts
PrivatBank
A fee free card in Ukraine for everyday spending with credit on the same account