Send money to Ukraine

Best way to transfer money to Ukraine

The world has evolved rapidly in recent years, to the global village we all live in today. It's not usually to have a business involvement with your team scattered all over the world. It's not uncommon for families to disperse in different parts of the globe. It's the new trend to plan destination vacations to visit Orthodox churches and Catacombs of historically rich countries like Ukraine. So it's no surprise that with an increase in globalization comes with the need to communicate, and of course, send money. Whatever country you may find yourself in, you might need to send money to Ukraine for one purpose or another, here's how to do it.

How to send money to Ukraine?

Safety is always a significant concern when it comes to sending money virtually. There are many remittance companies operational in European countries. So if you find yourself having to transfer money to Ukraine frequently, it shouldn't be an issue. The platform you choose will determine the processes involved in your transaction.

Some services like Skrill will require you have something like acredit cardwith a private bank. The card is known as an international internet virtual card. Others will require you to create an account with them. Whatever platform you decide to use, you're better off with some prior knowledge on exchange rates between your currency and Ukrainian hryvnia.

Services you can use to send money to Ukraine

We've advanced from sending money through services like an international money order. This method remains viable; however, all you have to do is visit the closest post office to you. But they might not all have Ukraine on their beneficiary list, so keep that in mind. Theeasiest way to send money remains money transfer platforms like TransferWise, Skrill, Western Union, and others. You can even transfer funds into your intended recipient'sbank account. Keep in mind that these services vary in terms of cost and speed of transfer. So it's a good idea to compare as many as possible.

How much does it cost to send money to Ukraine?

Many things come into play in determining the cost of transfer on a platform. One of such includes the speed of transmission. Western Union and MoneyGram can send money in minutes, but your total cost can run into 0.5% or more, depending on the amount you're transferring.

Alternatively, if you can afford to wait for 3-5 days, a different Western Union method can cost you less than 0.2%. The sender's country is also essential to factor in cost. Small World FS, for example, charges nothing for European countries while those from the UK pay as much as 7%. Their services are not available in other countries like the US and Canada, though.

Why should you choose online money transfer?

Money transfer company can guide you through the complex process of transferring money online. At a budget-friendly rate, they can ease the burden of research. That way, you can send money to your family, friends, associates, and employees with ease to Ukraine and several other countries.