Numerous money transferring companies operate online, making it easy to transfer money to the Ukraine, including Money Bookers, PayPal or Alert Pay. As of 2010, Money Bookers charges the sender 1 per cent (regular fee) plus 1.99 per cent (currency conversion fee) of the amount sent. Alert Pay doesn't charge the sender anything but charges the recipient 2.50 per cent plus 16p GBP (regular fee) plus 2.5 per cent (currency conversion fee). PayPal costs 2.9 per cent plus 19p GBP (regular fee) plus 0.5 per cent (currency conversion fee). For sending money, all the sender needs is his bank account number or credit/debit card number.
- Skill level:
- Moderately Easy
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Decide which company that you want to transfer the money through. The procedure of sending and receiving the money is essentially the same with all of them, but the fee structure is different.
Go to the website of the company that you have decided to send the money with (see Resources).
Register with the website and provide information such as name, e-mail address, country, contact number, and payment information (credit card/debit card/bank account).
Click on "Send Money" once you are registered with the company.
Enter the recipient's e-mail address and indicate the amount you want to transfer. Select "Ukraine" as the recipient's country.
Confirm that you want to transfer the money by clicking "Send"/"Submit."
Notify the recipient that the money has been sent. The recipient will receive an e-mail from the company you used. The e-mail will guide him on how to sign up on the website for depositing the transferred funds to his bank account.
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