How to Send Money to Ukraine Cheaply

Information verified correct on December 6th, 2016

ukraineFind an affordable international money transfer provider to help you send money to Ukraine from the United States.

The most recent estimates put the figure of Americans of Ukrainian descent at close to the 1 million mark, the largest numbers of which are found in New York City and Philadelphia. If you’re a Ukrainian-American who wants to send money to friends or family back in Ukraine, or if you simply want to send funds to this region for any other reason, make sure to compare all your options and find an affordable money transfer solution.

Rates last updated December 6th, 2016
Description Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Transferwise International Money Transfers
Transferwise International Money Transfers
Make online transfers in a range of currencies and enjoy high maximum transfer amounts. USD 1 1 day Online Go to site More
USForex International Money Transfers
USForex International Money Transfers
Take advantage of competitive exchange rates and cheap transfer fees. USD 150 1 day Online, Phone, Agent, Bank Account to Bank Account, International Money Order Go to site More
WorldRemit International Money Transfers
WorldRemit International Money Transfers
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. USD 1 Within an hour Online, Bank Account to Bank Account, Cash Transfer Go to site More

Have we missed anything in the comparison table? Tell us

Banks versus money transfer companies

The Ukrainian Hryvnia is quite a rare currency on global markets, so you may not be able to transfer it overseas through your bank. Instead, you may have to send US Dollars from your financial institution which can then be converted into the local currency when they arrive at your recipient’s bank.

However, banks are well-known for charging high fees and providing poor exchange rates when they handle international money transfers, so it’s often a much better option to consider using a specialist money transfer company. These companies usually provide much better exchange rates and much more affordable fees, while may also allow you to make your cash available for collection from an agent location.

It’s also worth pointing out that some companies will only allow you to send US Dollar or Euros instead of Ukrainian Hryvnia. These two currencies are easy to exchange in the Ukraine.

Case Study: Oleg Sends Money to Ukraine

Oleg may have been living in the USA for more than 10 years but that doesn’t mean he’s forgotten his roots. Once every six months or so he sends a sum of $1,000 to his parents in Kiev. He’s used his bank to perform these transfers for the past decade but is slowly becoming aware that there are money transfer companies available that might offer a cheaper alternative. He compares two well-known money transfer providers to try and find the best deal.

Money transfer company 1Money transfer company 2
Exchange rate1 USD = 0.87 EUR1 USD = 0.88 EUR
Transfer fee$5$16
Transfer methodBank account depositBank account deposit
Processing timeWithin minutesWithin minutes
Amount received (in EUR)870 EUR880 EUR

As you can see, Oleg can save USD $11 in fees by using the first transfer company, the USD $1,000 he sends will convert to an extra 10 Euros if he uses the second provider.

How to compare transfer companies when transferring money to Ukraine

  • Exchange rates. The higher the exchange rate, the more money you’ll be able to send to your recipients. Just remember that companies with high exchange rates will sometimes also have higher fees.
  • Fees. Fees can vary substantially from one company to the next, so don’t forget to factor any fees into the equation when choosing a provider.
  • Transfer methods. Online, over the phone, via a mobile app or by visiting a branch – some companies offer multiple transfer methods while others will only offer one.
  • Transfer options. Can you place a forward contract to lock in an attractive exchange rate for a future transaction? Can you schedule regular transfers or place limit orders?
  • Turnaround time. Processing times can vary from 10 minutes to multiple working days, so your choice of company may be influenced by how quickly you need your funds to arrive to your recipient.
  • Minimum transfer amount. If you only ever need to transfer minimal amounts, keep an eye out for companies that impose high minimum transfer limits.
  • Pickup methods. Some companies will send the funds to your recipient’s bank account while others will make them available for collection from agent locations across Ukraine.
  • Customer service. Check to see what customer support options will be available and when if you ever need help with a transaction.
Back to top

How to send money to Ukraine from America

  • Bank transfers. Many US banks will allow you to transfer funds to a Ukrainian bank account.
  • Online money transfer providers. There are some online-based money transfer companies who can send funds to Ukraine – just make sure to choose a trusted provider.
  • Money transfer companies with cash pickup options. MoneyGram, Western Union and Ria are three companies with cash pickup locations in Ukraine.
  • Checks. Ask your bank if you can obtain an international check to send overseas.
Back to top

Emergency cash transfers in Ukraine

If you need to send an urgent transfer to Ukraine, be wary of the fact that you’ll usually have to pay a little extra for the privilege. Make sure that you double check the fee and exchange rate that apply to your transaction before you hand over the cash.

In most cases the quickest way to send a money transfer to the Ukraine is to use a transfer company with a cash pickup option. Such companies can often make funds available for collection within 10 minutes, allowing you to send funds overseas as quickly as possible.

Back to top

Cash pickup locations in Ukraine / Western Union / MoneyGram / Ria branches in Ukraine

Western Union, MoneyGram and Ria all have several agent locations across Ukraine where your recipient can pick up the funds you send. It will need a transaction reference number and photo ID in order to access the money, while phoning ahead to confirm opening hours is also recommended. Here are some popular cash pickup locations across Ukraine.

Western Union


Alfa Bank

Pr Mayakovskogo 63 12

Kyiv, Kyivska 02232


Open 9am to 6pm Monday to Thursday, 9am to 5pm Friday, 8am to 6pm Saturday

Idea Bank

4a Rayisy Okipnoyi Str

Kyiv, Kyivska 02002


Open 8:30am to 8pm Monday to Friday, 8:30am to 5pm Saturday


European Industrial Bank

Donbassky Lane 1

Donetsk, Donetska 83003


Open 8:30am to 4:30pm Monday to Friday, 9am to 6pm Saturday

JSCB Petrocommerce Ukraine


25 Richchya Rkka Av 3

Donetsk, Donetska 83000


Open 9am to 4pm Monday to Friday, 8am to 6pm Saturday



Bank Kontrakt

Gryshka 6

Kyiv, 02140


Open 24/7

Artem Bank

Vyborska 103

Kyiv, 03067


Open 9am to 6pm Monday to Friday



Tsentralnaya 130

Spartak, 86080


Open 8:30am to 2pm Tuesday, 8am to 2pm Wednesday and Friday

Bank Finance and Credit

Komunalna 11

Avdiivka, 86060


Open 9am to 4:30pm Monday to Friday



Privatbank (Artemovskoe)

Artema St. 13A

Kiev 32

Open 8:30am to 5:30pm Monday to Friday

Privatbank (Biznes Obsl. Indiv. Vip-Klientov)

Fedorova St.10

Kiev 32

Open 8:30am to 5:30pm Monday to Friday


Privatbank (Vip-Point Kalininskiy)

Shevchenko Blvd. 40B

Donetsk 14

Open 8:30am to 5:30pm Monday to Friday

Privatbank (Vip-Point Otdelenie Lider)

Artema St. 63V

Donetsk 14

Open 8:30am to 5:30pm Monday to Friday

Back to top

Tips for picking up cash in Ukraine

Whether you’re picking up cash in Kiev or Kansas, it always makes sense to take a few simple safety precautions, such as:

  • Keeping an eye on your surroundings at all times and avoiding any high-crime areas
  • Avoiding displaying your cash to strangers
  • Keeping your purse, wallet or bag safe and secure
  • Taking a friend with you to deter thieves
  • Taking the funds to your bank as soon as possible

Hit up blogs and travel forums for more Ukraine-specific travel safety tips from other tourists.

Back to top

How do I send money to Ukraine?

Depending on the transfer method you choose to send money to Ukraine, you may need to sign up for an account with your money transfer provider. In addition to your name and phone number, you may have to provide other details such as your date of birth, email address and residential address. A valid form of photo ID may also be requested.

After you’ve placed your transfer request you will receive a reference number which you can use to track your transaction. This will allow you to ensure a safe, secure and quick money transfer from the USA to Ukraine.

Was this content helpful to you? No  Yes

US International Money Transfers Offers

Learn about our information service
WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

USForex International Money Transfers

Take advantage of competitive exchange rates and cheap transfer fees.

World First Foreign Exchange

Transfer money into a range of currencies online and over the phone.

Transferwise International Money Transfers

Make online transfers in a range of currencies and enjoy high maximum transfer amounts.