On February 27, 2022 the Prosecutor General's Office of the Russian Federation issued a warning that the provision of any assistance to a foreign state, including money transfers, during its military operation in Ukraine will be regarded as treason under Article 275 of the Criminal Code of the Russian Federation. The punishment for this crime is up to 20 years imprisonment.
This means that, at the time of writing, a money transfer from a Russian national to any Ukrainian legal body or Ukrainian person will be considered high treason punishable with up to 20 years of jail time.
Given the Russian invasion of Ukraine in February 2022, it is currently challenging to send money to family, friends or businesses in the country. However, it isn't impossible. Several international money transfer companies and banks are still supporting transfers to Ukraine, with some even temporarily waiving their money transfer fees in order to support the people of Ukraine. Here you can learn more about what money transfer options are at your disposal, as well as compare transfer speeds and any fees attached to sending funds.
Looking for the best way to send money from the United Kingdom to family, friends or businesses in Ukraine (or even to your own overseas bank account)?
Don't head straight to your British bank – compare specialist money transfer services instead. They nearly always offer better UAH exchange rates and lower fees, so for the same amount of pounds you send, your recipient will receive more hryvnias.
Of the companies we've compared, Remitly is among the cheapest, with competitive exchange rates and fees starting from £0. Need a really fast transfer? Remitly can get money to your recipient in Ukraine within minutes.
Please note: You should always refer to quotes you receive from transfer services themselves directly for exact amounts as they may vary from our estimates.
Bank transfers are typically the cheapest way to get your money to Ukraine. Remitly and have some of the lowest bank transfer fees of the brands we've compared.
When you're hunting down the cheapest ways to send money to Ukraine, it's more important to look at the overall cost of your transfer. This has a couple of elements:
Some providers may charge the mid-market rate but add fees on top. Others may have very low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many hryvnias your recipient will end up with.
Many online providers can offer transfers to Ukraine within minutes, although you're likely to pay a premium for the convenience.Here are some of the fastest average transfer speeds to Ukraine:
Actual transfer times from the United Kingdom to Ukraine can depend on several different factors including transfer amount, payment method and currency.
The safest way to get your money to Ukraine is to use a provider registered with the United Kingdom's industry regulator, the Financial Conduct Authority (FCA). All of the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both the United Kingdom and Ukraine.
A great way to dive deeper is by reading our extended reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.
If you need to make a sizable money transfer to Ukraine, consider using a provider such as Wise (TransferWise) or TorFX to benefit from its expertise in handling larger transfer amounts.Using a large transfer specialist can have the following advantages:
To send money to Ukraine, you'll need the necessary documentation, your recipient's details and a way to pay.
When choosing a money transfer provider to send money from the United Kingdom to Ukraine, it's important to consider the cost, how you want your recipient to receive the funds and the turnaround time. Here are other features to review:
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