Sending euros or dollars to Ukraine with a bank can be painful
TransferWise announced a new initiative in Ukraine. The platform is enabling fast EUR or USD transfers to personal PrivatBank accounts. TransferWise says paying out euros or dollars to PrivatBank recipients will only take a few minutes and will be available 24/7.
For customers, it means that 87% of all EUR and USD transfers to personal PrivatBank accounts will happen on the same day (mostly within minutes).
Here’s how to use the service:
- To send EUR or USD to personal Privatbank accounts with TransferWise, select EUR or USD in the lower field — this is the currency you want to receive. You can send from whichever currency you wish.
- Enter the recipient’s Ukrainian EUR or USD IBAN. If the IBAN belongs to a personal Privatbank account in euros or dollars, there will be no unexpected charges and the recipient will receive the money quickly.