Today, many Ukrainians are abroad. Some went there for vacation, some for excursions, and some for work. The undisputed leader among the countries that are popular with our compatriots is Poland. It is, without exaggeration, one of the most popular countries for labor migration. Why? There are a whole range of reasons: Ukrainian hard work is highly appreciated there, they offer decent wages, the Polish language is not that difficult, so you can learn it quickly, Poland is a neighboring country, where you can get there quite easily and inexpensively, the culture is similar there, etc.
Many Ukrainians have families back home. Therefore, it is quite natural that the question arises about the most convenient and profitable ways to transfer funds to support their relatives. It is worth noting that there are many options, and everyone chooses the most suitable one for themselves. Each method has its own advantages. The choice of the optimal method depends on the cost of the service, the speed and security of transactions. We suggest that we talk about this topic in more detail in this article.
TOP proven money transfer methods
Bank transfers
It would be most correct to start with this, because it is, without exaggeration, a real classic that has existed for more than a decade. The main advantage is high reliability. What will you need for this? You just need to visit one of the financial institutions. You can transfer money through any bank in Poland that supports international transactions. And are there any disadvantages? Where can we live without them?! In fact, the main negative point is high commissions and a long processing time - usually from one to five business days.
Online transfer services
You can use various platforms for this. For example, it could be Wise, PaySend, Western Union or TransferGo or something similar. What are the advantages of this option? Low fees, transparent exchange rate and fast transaction execution. Often they do not exceed a few minutes.
International payment systems
You can use services such as: PayPal or Revolut. They are not yet so popular in Ukraine, but every year more and more people start using their services. The main advantage is high speed. The disadvantage is that there may be restrictions on withdrawals in Ukraine and dependence on the conversion rate.
Cryptocurrency
This format is relatively new, but is rapidly gaining popularity. It is great for those who value privacy and want to avoid significant fees. Not everyone wants their financial affairs to be under close supervision. Crypto provides an opportunity to avoid this. The advantages are minimal commission costs and speed. The disadvantage is the risk of exchange rate fluctuations. You also need to understand a little about how crypto wallets work.
International standard maps
Quite a simple and therefore common option. To do this, you just need a Visa or MasterCard card. Services such as MoneyGram or Privat24 allow you to transfer funds directly between card accounts. Commissions can be too high, which is not very good. Also, remember about the exchange rate.
Cash transfers through carriers
Quite a risky option, because no one gives any guarantees and theft of funds is possible, although this does not happen very often. Not everyone has bank accounts, cards and crypto wallets. There are people who still prefer cash, which is quite possible. Such transfers are often made through carriers operating on the Poland-Ukraine routes.
Comparison of money transfer methods
Choosing the right method is an individual process. Everyone has their own understanding of what is best from various indicators. Everyone's situation is also different. Let's go through the main parameters to understand which method is right for you, taking into account your interests:
- Cost of service. If you are looking for the cheapest option, we recommend giving preference to online services.
- Transfer speed. There are situations when you are short on time or simply don't want to wait a few days. If you need the fastest transfers, then cryptocurrency or international payment systems are what you need.
- Convenience of the format. If this is important to you, then pay attention to online platforms and bank transfers. These are convenient options if you need to transfer money regularly. There is an opportunity to set everything up so that it is automatic.
- Safety of the operation. In general, today all methods are quite well protected, with the exception of cash transfers through carriers, but if you are looking for the safest options, then these are definitely bank transfers and international payment systems.
- For large sums. We advise you to give preference to banks.
Frequently asked questions
It is quite logical that a person who is encountering this for the first time may have certain questions. We will voice the most common of them and provide specific answers.
How to avoid high commissions?
Compare the rates of different services and take your time making your choice. Online platforms often offer fixed fees and transparent exchange rates, so you can choose them.
How to check the real exchange rate?
Before making a transaction, use the official websites of banks or check the exchange rate on transfer services. A simple search query may give you irrelevant information. Also, pay attention to hidden fees.
Which way is the cheapest?
The lowest costs are usually offered by online services like Wise or PaySend.
How long does the transfer take?
It all depends on the method you choose. For example, online services work instantly, banks - up to five days.
How to avoid scammers?
Use only trusted platforms and do not share your data with third parties. Avoid unverified carriers when it comes to cash.
Let's summarize
As you can see, there are plenty of ways and methods to transfer money from Poland. Each option has its own advantages and disadvantages. Choose the one that suits you best. The factors that can help you choose one or another method were listed above.
