Today in Ukraine, many people work with foreign currency, in particular, with US dollars. Someone invests in it, someone is paid for business trips in this format, and someone is paid a salary. It is quite logical that the question arises of how to send it so that it is as convenient, fast, safe and profitable as possible. For example, a person lives in one settlement, and his relatives in another within Ukraine, so how can he send money to his loved ones for their financial support?
When choosing the best method, you should consider the speed, cost, convenience, and security of transfers. There are many options, and each has its own advantages, so it is not surprising that people choose different solutions. After all, everyone has their own needs, circumstances, and financial capabilities, which also influence the decision.
We propose to examine this issue in more detail in this article so that the reader, after reading the material, has the opportunity to understand what will suit him best.
When is it necessary to send dollars across Ukraine?
It is quite logical that there are many reasons, because everyone has their own situation. Let's talk about the main ones:
- Many people help relatives or friends. Family members living in different cities often need support. Not everyone has a stable financial situation right now. Some people don't have enough money even for basic needs, for example, pensioners often face similar problems.
- Settlements between business partners. In business, foreign currency is used to purchase goods or pay for services.
- Paying for tuition, rent, or medical services. In many cases, institutions accept payment in dollars. This can be more convenient for both parties for a number of reasons.
- Debt repayment or private transactions. It often happens that settlements between individuals are made in dollars. For example, when a person must repay a debt, but currently has only savings in foreign currency.
Ways to send dollars across Ukraine
Bank transfers
Those who prefer the most reliable methods always choose banks. If we talk about the advantages of this option, they are obvious: high reliability, the ability to track the transfer. There are also disadvantages: high commission and possible delays of up to several days.
How to do it? SWIFT transfers allow you to send dollars both to another person's account and between your own accounts. This system is supported by various financial institutions, for example, PrivatBank and Oschadbank. Do not forget about interbank transfers, which are offered, for example, by Monobank. This can be done simply in online banking.
Payment systems
The main advantage here is speed. If this is extremely important to you, then choose Western Union or MoneyGram, becauseand services not only work with foreign currency, but also allow you to transfer money in a matter of minutes. Also worth noting is "Quick Transfer" from Privat.
If we talk about the disadvantages, then again there is a high commission, but it directly depends on the amount.
Money transfer systems
In this case, we are talking about services such as RIA Money Transfer or Unistream. With their help, you can transfer dollars between cities quite quickly and easily. The peculiarity is that you cannot do this from home and will have to go to one of the points. There are quite a few of them in large cities, but not so many in small ones. Also, personal presence is required for sending/receiving.
Electronic payment systems
Internet services Payoneer or PayPal are very popular all over the world. They can be used without any problems in Ukraine to transfer funds. They are very popular with freelancers and entrepreneurs. It is possible to make a transfer from any city, but there are also disadvantages in the form of a commission.
Comparison of ways to send dollars
What is right for you? It all depends on what is most important to you. You can base your choice on the cost of the transfer, the speed of transactions, convenience and availability, but you should also consider security. Let's consider the available options in this context.
- Transfer cost. The cheapest way is through interbank transfers. All other methods and methods have higher fees.
- Transaction speed. Payment systems provide instant money delivery, so if speed is crucial for you, the choice is obvious. Bank transfers, especially via SWIFT, can take several days.
- Convenience. Online banking and electronic systems allow you to transfer money without visiting a branch. It is very modern when everything can be done without leaving the walls of your home. All you need is the Internet and a suitable gadget, for example, a smartphone.
- Security. Banking transactions have the highest level of protection, while some electronic services may be vulnerable to fraud, so you need to be careful with them.
How to choose the best way to send dollars across Ukraine?
We recommend starting from the goal, availability or lack of time, willingness to pay a large commission, accessibility, and level of trust in a particular method. This will be enough to lean in one direction or another.
Frequently asked questions
- Is it possible to send dollars within Ukraine without a commission? No, except for special promotions or special conditions at banks.
- What is the maximum amount for sending dollars through different systems? It depends on the service. For example, Western Union has limits of $5,000, while banks may have higher limits but require additional verification.
- How quickly can you receive dollars via transfer? Instant transfer systems provide fast receipt – up to ten to fifteen minutes. Bank transfers – up to three business days.
- Can I transfer dollars to a bank card of another bank?
For example, PrivatBank allows this via SWIFT or SEPA payments.
Let's summarize
Thus, today there are no difficulties with transferring currency within the country - many options are available. Choose the one that best suits your needs and important criteria.
