The Best Options for Sending Funds to Ukraine

Ukraine's ongoing conflict has led to many disruptions in the economy, including banking and financial services provided to the region. It is not uncommon to see restrictions and added scrutiny on regular money transfers at a time when Ukrainians could do with the additional foreign income.

Despite these challenging circumstances, there are ways to get your money to Ukrainians in need, whether family or business partners. Let's explore the available methods and the best platforms to get your money across.

Money Transfer Options to Ukraine

1. International Wire Transfers: Secure and reliable, but may involve fees and exchange rate considerations. Longer wait times compared to other methods.

2. Online Money Transfer Services:

   • PayPal: Widely used, requires both sender and recipient to have PayPal accounts.
   • Western Union: Offers online and offline options, higher fees but widely accessible.
   • TransferWise (Wise): Known for low-cost international transfers, real exchange rates, and minimal fees.
   • Remitbee: Latest offering with competitive exchange rates and minimal fees.

3. Cryptocurrency: Provides a decentralized and potentially faster option. Bitcoin and other cryptocurrencies can be sent directly to a recipient's digital wallet. However, volatility should be considered.

Best Money Transfer Services for Ukraine

1. Remitbee: Offers competitive exchange rates at minimal fees, allows direct transfers to Ukrainian bank accounts.

2. Wise: Known for low-cost international transfers, real exchange rates, minimal fees.

3. PayPal : Widely used online payment platform, requires both sender and recipient to have PayPal accounts.

4. Western Union: Vast network, offers both online and offline options, higher fees but widely accessible.

Why We Recommend RemitBee

Remitbee is an online money transfer service offering convenient and efficient fund transfers to Ukraine. It provides competitive exchange rates and low fees, ensuring transparency of fees and exchange rates involved.

Sending Funds Through RemitBee

1. Create a Remitbee account.
2. Enter the desired amount.
3. Choose the destination for your transfer.
4. Fill in the recipient's banking details.
5. Select one of Remitbee's available payment options.

Payment Options with Remitbee

Remitbee offers versatile payment options including e-transfers, EFTs, Interac Online, and Visa/Mastercard debit cards to enhance user experience and usability.

Fees When Sending Funds to Ukraine with Remitbee

Remitbee offers free transfers on amounts exceeding 500 CAD. The fee structure is as follows:

Variables to Keep in Mind

Exchange rates and fees should be considered when choosing a money transfer service. Fluctuations in exchange rates directly impact the final amount received in Ukrainian hryvnia. Users should evaluate both fees and exchange rates to make an informed decision.