There is a constant exchange of personnel between Russia and Ukraine, many people leave for a neighboring state to work. In such circumstances, it is convenient to use international money transfer services.
There are several ways to transfer money from Russia to Ukraine. The most suitable one should be chosen depending on the type of activity and the source of funds. The regional availability of the method, its convenience and the availability of additional opportunities for clients are of no small importance.
International transfers are considered one of the most demanded services in the financial market. The reason for this was labor migration, provided that the family of the person who left to work remains in their home country. In general, the methods of transferring money from Russia to Ukraine can be divided into three groups.
Bank transfers
To make a bank transfer, it is mandatory to open an account in the appropriate currency. For example, if the shipment will be carried out in rubles, which is most likely, the Ukrainian recipient must open a ruble account and provide its details to the sender.
International exchange of funds among individuals is carried out, as a rule, through SWIFT transfers. This is the Belgian financial system that is very popular today. Its obvious advantage is the low commission fee for translation services, but the time it takes for funds to reach the recipient's account can be up to three days, which is not always convenient. In addition, you can issue a SWIFT transfer in almost any branch of the bank, and for this the sender does not need to open his own account. It is enough to present the passport and the recipient's details at the checkout.
Another advantage of bank transfers is the ability to automatically send funds abroad. This can be done both by visiting a bank branch in person and through virtual account management services.
International money transfer systems
Almost everyone has heard of Western Union or Unistream. There are many such systems for transferring funds abroad, but they all have one drawback: a high commission for the provision of services. In addition, it is almost always possible to receive money only at the department of the service indicated by the sender, which causes certain inconveniences. This method also has its advantages: the transfer is carried out instantly, you can withdraw funds within an hour after the application is made.
Electronic money exchange
This method will be especially interesting for remote workers. It is not always convenient for employers to contact the bank personally; they give much more preference to electronic payment systems, where the management of funds is not limited by anything. Despite the versatility of this method, it also has its drawbacks. Firstly, even with a free registration, the user will need to confirm his identity and details for withdrawing funds, for which he will need to upload scanned copies of documents. It takes 3-4 days to verify the data, and after that all operations are performed instantly. The second drawback is the commission for each transaction within the payment system and for withdrawing funds to a bank account. Under such conditions, it is most profitable to make transfers in an amount equivalent to one thousand dollars or more.
