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Send Money To Ukraine

With lots of options available to send money to Ukraine, it can be difficult to decide on the best. Not every channel is suitable for you.

This guide will help bring onto the surface issues such as the information needed when sending money to Ukraine, transfer channels available, factors you need to bear in mind when transferring money to Ukraine and so forth.

Updated: 07/09/2022
Read time: 15 minutes
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How To Send Money To Ukraine

Sending money to Ukraine is simple and easy. Follow these steps to get started.

Step 1

Find a Trusted Provider

Our comparison table for sending money to internationally looks at your specific transfer needs to and from any country in the world. Use this to find a provider that provides the best all-round service for you.
Step 2

Register with your chosen provider

Most providers will be completely free to sign up to, simply requiring your name, address and contact information. In most cases, you’ll also need to upload a picture of a valid photo ID to verify your identity.
Step 3

Transfer Money

As soon as you're ready, you can start sending money online.

Ways To Send And Receive Money In Ukraine 

There are multiple ways to easily send and receive money in Ukraine but these will largely depend on the provider you decide to use. Below you will find everything you need to know about the best ways to send money to Ukraine. 

Sending Money To Ukraine
Receiving Money In Ukraine

Ways to Send Money to Ukraine

There are three main ways through which you can send money to Ukraine. You can use the banking system, online money transfer providers, or in-store cash transfer methods.

Bank-to-Bank Transfers

As long as the recipient has a bank account and you have an account in the host country, you can make these transfers. For instance, if you send money from Banca Intesa SanPaolo in Italy to a local bank in Ukraine, it will take about 2-3 days for the transfer to get there.

Walmart2World, international wire transfer service, takes minutes to get the money to Ukraine. This is because of its unique partnership with MoneyGram. Generally, banks take a little longer, up to 5 days, to deliver transfers to Ukraine. They also charge more in transfer fees and exchange rate margins, thus making them unattractive options.

Online Money Transfer Services

The bulk of the transfers to Ukraine from many of the countries with the exception of Russia are made through online money transfer service providers. Talk of TorFX, Wise, Xoom, Ria, and WorldRemit, all these providers are frequently used on the Ukraine transfer corridors.

Sending money through these providers is simple and fast. All you need is to sign up for an account, pay for your transfer and send. There are lots of options when paying for your transfer. You can make a bank transfer, use a debit card, pay via a credit card or other country-dependent payment options.

Online money transfer methods enjoy a wide sending and disbursing network coverage, have faster transfer speeds, and competitive fees. For instance, TransferWise supports 55+ countries including Ukraine and Xoom supports 30+ countries.

When sending money to Ukraine through online money transfer providers, there are three payout options you can choose from:

  • Direct-to-Bank Deposit – All major banks in Ukraine support these transfers
  • Cash Pickup – The funds are transferred through a network of agents. Xoom has 8,819 agents across Ukraine. WorldRemit has 3,000 cash pickup locations in Ukraine thanks to its partnership with the CONTACT payment system.
  • Mobile Reloads – Through Xoom, you can gift your family and friends talk time. The service supports 8 carriers in the country: 3Mob, Intertelecom, Kyivstar, Lifecell, Peoplenet, Travel Sim, Vodafone, and Yezzz. Mobile reloads are instant.

In-Store Cash Transfer

Western Union, MoneyGram, Ria, and Unistream are some of the money transfer companies that allow for cash deposits at stores in the sending countries. If you are sending money from the United States to Ukraine through Western Union, you can pay cash in-store or online. The only payout option available is cash pickup and the maximum you can send is 5,000.00 USD.

When sending your transfer from the UK to Ukraine through MoneyGram, the maximum amount you can send is 6000.00 GBP and the payout option is cash pickup.

What is Needed to Send Money to Ukraine

Money transfer providers require that you give the following information when sending money to Ukraine.

  • A government issued-ID document. Depending on the country you are sending from, you can use a passport, social security card or driver’s license.
  • The recipient’s name as it appears on their legal documents
  • The recipient’s physical address and phone number
  • If you are sending directly to a bank account, the recipient bank details (bank name, branch and the Basic Bank Account Number)
  • The amount of money you want to send, the transfer payment option and payout methods

Common Reasons for Sending Money to Ukraine

The lack of well-paid jobs and security concerns have led to a lot of Ukrainians to leave their country. Some of them leave their families behind. Combined with other reasons, this situation explains why many Ukrainians send money home.

Household Consumption

Remittances supplement household spending in many Ukranian migrant families. The funds are used for basic expenses such as food, medication and utilities.

building a house

Investment in properties

Cash from Ukrainians living abroad has found its way into the local property market. Strategic places like the prairies of western Ukraine have become a magnet for diaspora investors. The high-rise apartment complexes around Lviv are financed by cash from Ukrainians living abroad.

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Paying Employees and Freelancers

With remote working now becoming a normal way of life, overseas clients send money regularly to freelancers working from Ukraine. For those with businesses, sending money for operations and wages is a common practice.

sending money image


Some of the funds sent are for paying tuition fees. Ukraine has placed a premium on education and everyone strives to get the best qualification they can afford.

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A bigger percentage of the over 5 million Ukrainians in the diaspora still plan on coming home someday. To prepare for this, some of them put aside money in savings accounts and time deposits.

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Why Send Money with a Money Transfer Service?

When sending money to Ukraine, few people use the banking system. In fact, a significant percentage still use informal channels including crossing the border with hard cash. Instead of risking your hard-earned cash or exposing it to the high fees and lower rates offered by banks, opt for money transfer services to enjoy the following benefits:

Faster Transfer

Funds sent through money transfer providers take 1-2 days to be delivered. Cash pickups arrive in minutes and this can help sort out any emergencies or pressing needs.

Better Exchange Rates

The exchange rate margins money transfer providers charge, range between 0.5-3%. Banks can charge as high as 5% off the mid-market rate. With high exchange rates, you get more of the destination currency for every unit of the host currency.

Low Transfer Fees

Money transfer providers charge a percentage of what banks charge to send the same amount of money to Ukraine. The providers have minimal operating costs and the savings realised are passed over to their customers in the form of low fees.

Multi-Currency Support

The fact that you can send money to Ukraine from lots of countries in 60+ global currencies gives every sender a wide range of choices. This privilege may not be readily available when making transfers through the banking system.


Online money transfer providers have invested heavily in industry-grade security to protect information and identities of their customers online. Security features such as two-factor authentication (2FA) and Transport Layer Security (TLS) help safeguard user information. In addition, most money transfer services are regulated by global organisations such as the Financial Conduct Authority (FCA), Financial Crimes Enforcement Network (FinCEN), Australian Securities and Investments Commission (ASIC), and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

Simple to Sign Up

The account sign up and verification process can take a few minutes or a couple of hours depending on the provider. However, this is a one-off process that you’ll not repeat in future, hence going forward the sending process becomes even simpler.

Things to Consider When Sending Money to Ukraine

There are certain factors that you need to look at before you hit the ‘Send’ button on your transfer to Ukraine. This guide cannot exhaust them all but will give you an overview of what is important.

  • Payments within Ukraine – All payments within Ukraine are made in the local currency, Hryvna (UAH). The only exception is when paying for foreign investments in Ukraine or repatriating income from Ukraine.
  • Financial Monitoring – Transactions with a value exceeding UAH 150,000 are monitored with respect to their integrity. The source, as well as the destination of such funds, are closely examined.
  • Customs Declarations – Export or import of foreign currency exceeding EUR 10,000 requires the recipient to declare the transaction with the customs authority. Supporting documents may be required to back up the explanations.
  • Cash withdrawals from ATMs – All cash withdrawals from ATMs are supposed to be done in Hryvnas. This means that transfers in euros or USD have to be converted by the local banks in Ukraine to enable the recipient to access the funds.

Sending money to Ukraine can be quite expensive if you don’t use the right channel. Money transfer providers have made the process simpler, faster, and more affordable even to people sending small amounts to their families back home.

Your Questions Answered

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Looking to Send Money Somewhere Else? 

Sending money anywhere else in the world is as easy as sending money to Ukraine. If you’re looking to send money to another country, here is the list of the most popular destinations.

Jonathan Merry

Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com