The overall best and cheapest way to send £1,500 to Ukraine is via MoneyGram, using a debit card to deposit GBP and bank deposit to receive UAH.
Depositing GBP
You have 3 pay-in options for transfers to Ukraine, including debit card, bank transfer, and credit card.
The cheapest pay-in option is bank transfer.
The fastest option in the UK is almost always bank transfer, since most companies use Open Banking and Faster Payments System (FPS).
The most expensive deposit option is credit card.
Be careful with credit card deposits, since your bank often treats it as a cash advance and will charge interest.
Receiving money in Ukraine
Money can reach Ukraine by bank deposit, cash pickup, and card deposit, and each delivery method comes with its own fees.
The cheapest way to receive money in Ukraine is with bank deposit on average.
Receiving cash
MoneyGram is the cheapest option for cash pickup ( getting you ₴87,945.9 on £1,500 transfer).
Digital wallets
Your recipient can receive UAH directly into a digital wallet (like PayPal) which usually takes a few minutes to arrive.
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