Money transfers from Ukraine to Russia: services, conditions and tariffs

2024 Author: Howard Calhoun | [email protected]. Last modified: 2024-01-17 18:37

Today, there are many ways to transfer funds from one country to another, ranging from bank transfers to instant payment services. For transactions to neighboring countries, a special tariff scale is provided. For example, money transfers from Ukraine to Russia are cheaper than to EU countries.

Essence

The procedure itself is simple. It takes no more than 15 minutes. A person needs to fill out a special form at the bank, indicating his full name in it. recipient, his phone number and amount. Then this paper is handed over to the cashier along with the passport and money. The transfer is assigned a unique number that must be communicated to the recipient. With the development of Internet banking, customers can apply without leaving their homes.

The situation on the Ukrainian market

In 2013, 31% of users preferred Western Union. The second place was occupied by Zolotaya Korona (18%), followed by Unistream (12%), Contact and MoneyGram (9% each). This ranking is justified. For example, Western Union has branches in more than 200countries of the world. But the commission for the payment is rather big (from 6%).

Unistream users, having paid 1-5%, can send funds, say, to the USA, but not to every city. Money transfers from Ukraine to Russia through these services are carried out instantly, the funds "wait" for the owner for 2 months. And due to the proximity of the countries, the transfer fee is minimal.

No less popular is the PrivatMoney system from the credit institution of the same name. Thanks to the developed network of branches, money can be transferred at preferential rates between the cities of Ukraine, to Russia and the CIS countries.

System	Direction	Addressdestination	Commission
PrivatMoney	CIS and Ukraine	doesn't mattermeaning	1-5%
"Anelik"	anywhere in the world	Odessa, Privat-Bank	1-3%
"Contact"	CIS	doesn't mattermeaning	2%
Western Union	anywhere in the world	doesn't mattermeaning	6-16%

Such international systems as Anelik, Contact, VMT are represented to a lesser extent. But they have a wide network of branches and prices are reasonable. For urgent translation you will have topay extra 1.5-3%. Through Contact, you can send funds to Spain, Italy, the Czech Republic and other countries. UNIStream is actively accepting applications to Turkey, and VMT - to the CIS and B altic countries.

Tariff cuts

There are more than 20 international systems in Ukraine. Market leaders are pushing to reduce the cost of services. Transfer within the country will cost the user 1-1.5%. Almost all money transfer systems, except for reduced rates, offer discount cards to their customers. They greatly speed up the maintenance process. And numerous networks of partners through which you can make a transfer only increase the popularity of such services.

Family Care

Money transfers to relatives between countries can be sent using a card through an ATM, terminal or mobile banking. Applications are accepted at any time of the day. The sender pays the commission.

MoneyGram

The largest money transfer system operates in 196 countries around the world. Its partners in the CIS countries are 160 banks through which you can send and receive a transfer without having a plastic card in your hands. The amount is limited to 10 thousand dollars. The commission ranges from $12 to $300. Funds are available for withdrawal 10 minutes after the application is made. To receive money, you need to contact a MoneyGram agent, present a passport, fill out a form and provide a transaction number.

Golden Crown andUnistream: money transfers for individuals

The most popular systems in the Russian Federation accept applications for the transfer of rubles, dollars, euros, and execute them in 10 minutes. But it is worth considering the time zones and the difference in the working hours of the branches. Money transfers from Ukraine to Russia through Unistream are charged at a rate of 0.7%, to the CIS countries - 1%. Funds can be transferred without opening an account. The sender must provide not only the transfer number, but also the address of the issuing point. From this point of view, UNIStream is drowning in the Golden Crown. This service, in principle, differs from all previously considered. The transfer can be made through self-service ATMs (if you have a "Corn" card), indicating the recipient's phone number, country and city as details. The recipient himself decides through which bank he will receive funds. A big advantage of the service is also the free sending of SMS notifications with the transaction number.

Contact

Instant money transfer systems are good because funds are available for withdrawal in a few minutes. From this point of view, Contact is the market leader. Through the Russian service, you can transfer rubles, dollars and euros to the CIS countries and far abroad. Funds are available for withdrawal within 1 minute after the application is made. The recipient learns about this from an SMS message containing the transaction code. The service offers such unique opportunities to receive money:

• credit funds to mobile account;
• deliver the money order to your home, includingnumber in the form of a check;
• transfer funds to the account of a legal entity in order to repay a loan or pay for services.

Conclusion

Money transfers from Ukraine to Russia can be sent by any of the available international services, including through the banking system, if the accounts of the sender and the recipient are opened in the same credit institution. The commission for such a transaction does not exceed 1.5-2%. Transfers through Golden Crown, Unistream and Contact will be the cheapest, since all these services are Russian. But in MoneyGram you will have to pay a fixed amount of $2.5.