When you are looking for a way to remit money to Ukraine it is likely that Xendpay will be ideal for you as it is the cheap and convenient way of transferring money as we offer a competitive Ukrainian Hryvnia exchange rate and allow you to transfer UAH for a low transfer fee, conveniently online, 24/7.
Individuals looking to remit money to Ukraine are likely to be faced with several different options, all of which come with different costs, so it is recommended that you research into these options before remitting money to Ukraine.
Your main choices when considering how to send the Ukrainian Hryvnia to Ukraine are to use a bank, a Money Sending Bureau or a foreign exchange specialist like Xendpay
Taking advantage of the services offered by a Money Sending Bureau can be particularly useful if you need to send money to someone in Ukraine who cannot access a bank account. These small establishments are found on high streets and in shopping malls around the world. However, they tend to be quite poorly regulated and the foreign exchange rates on offer will not be particularly competitive. On top of this, individuals are likely to face large transfer fees of between ten and 15 per cent each time you make a transaction, all of which can add up if you plan to regularly remit money to Ukraine.
Alternatively, your local high street bank might offer a slightly cheaper way to send money to Ukraine. It can be a particularly simple and convenient method if you plan to remit money to somebody with an account at National Bank of Ukraine, Kiev Bank Union or Imexbank, for example. However, even this method of sending money will see you hit with per-transfer fees, which could soon add up.
The final option, which also avoids these charges, is looking into using a foreign exchange specialist like Xendpay. Foreign exchange specialists in general will provide you with competitive currency exchange rates, however at Xendpaythe transfer fees that we charge are always low. When you remit money with Xendpay you will also benefit from the convenience of our service, which enables you to remit money online 24/7 from a location which suits you.