Ukrainians can legally transfer money abroad and receive transfers from foreign countries to their cards. This is fast and convenient, especially if you use the Privat24 mobile application to withdraw money. The bank cooperates with most of the world’s fast money transfer systems and has integrated solutions for withdrawing money to a personal card in a few clicks.
So, what system can be used in Ukraine if you need to send/receive term money transfer in foreign currency or hryvnia? Let’s analyze each in detail.
Western Union
This is probably the most famous and popular system for transferring money to loved ones abroad and in Ukraine. With its help, people from all over the world can send money to different countries by contacting special Western Union branches, partner banks, or online.
PrivatMoney
PrivatMoney is a part of the PrivatBank banking group and allows you to receive transfers using a mobile application. The popularity of this transfer scheme is due to the fact that PrivatBank has an extensive network of branches in Ukraine where you can receive cash.
MoneyGram
It is also a global money transfer network with an extensive branch system and online platform. MoneyGram offers really fast transfers and uncomplicated ways to get cash in Ukraine from Europe and the US.
RIA
RIAhas 435,000 service points in 160 countries around the world.Senders are attracted by convenience, loyal rates and a choice of options for receiving money by the recipient. You can transfer funds in dollars and euros.
IntelExpress
The main specialization of this system is the fast and secure transfer of funds in dollars and euros between different countries. As of now, the system is used in more than 70 countries. Please be aware that if you transfer an amount exceeding the equivalent of UAH 15,000, you may need to open a current account with PrivatBank and provide additional documents.
Sigue
Sigue has its own network of points that instantly conduct international transfer of fundsin US dollars. Such points are available worldwide – 60,000 service points in 143 countries.
MEEST
MEEST is actively used to transfer funds between the US and Eastern European countries. PrivatBank pays international transfers from Ukraine, Moldova, Latvia, Lithuania, Estonia, Israel and other countries. MEEST has branches and an online platform for processing transfers and offers various options for receiving funds by the final recipient.
Welsend
The online system of fast payments Welsend has a very clear interface and allows you to quickly make a transfer to different parts of the world and make a domestic payment.
How to get money from abroad with the lowest commission
It is worth noting that the rates for such transfers vary. They depend on the system you choose, the amount, the country of sending and receiving the payment, and the currency;
Sometimes the amount of the fee may be affected by the urgency of the transfer. You can calculate the cost of the transfer and the approximate amount of the fee for each system online at privatbank.ua.
