Ukrainians have been informed how to transfer money from abroad: the most popular payment systems.

Ukrainians have been informed about money transfer methods from abroad

After many Ukrainians moved abroad, there is a need to send money between Ukraine and other countries. There are several methods for money transfers that have different conditions, such as limits on the amount, checks, and fees. Typically, these transfers are made through banks or payment systems. However, there are also alternative options that are not linked to banking services.

P2P transfers are common in Ukraine - transferring money from one bank card to another. In Europe, the C2C system ('from account to account') is used, which automatically converts money into the currency of the recipient country's.

The main difference is that C2C transfers involve automatic conversion into the currency of the recipient country. For example, if you send Polish Zloty or Euros to Ukraine, they are automatically converted into Hryvnias.

It is recommended to send Euros from Europe to a Euro card in Ukraine to avoid double conversions and money losses due to exchange rates. This helps to bypass conversion fees at the Ukrainian bank. Dollars are most conveniently transferred via the SWIFT system to an IBAN account of an individual.

Money can also be sent via Visa and MasterCard systems, which are used by most banks, but each bank has its own rules and restrictions for such transfers.