How to transfer money from England to Ukraine

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Back in 1994, about 30 thousand Ukrainians lived in the United Kingdom. Over the past two and a half decades, its number has only increased. The country is interesting for Ukrainians in terms of well-paid work and a high level of education. Therefore, most of them work here or study. As a result, many may wonder how to transfer money from England to Ukraine. After all, going to a foreign country, many people have close relatives or friends in Ukraine. Fortunately, there are several proven and safe ways to transfer money today. Let’s talk about their advantages and disadvantages.

Money Transfer From England to Ukraine: Convenient Ways

How to transfer money from England to Ukraine

  1. A few years ago, one of the most popular methods was bank transfers. The sender went to a bank branch in England, indicated the recipient’s data and transferred funds. The advantage is that transferring money from England to Ukraine is completely safe. There are several drawbacks: to order a money transfer, you need to spend a lot of time, moreover, your working time, since banks are open only from Monday to Friday in the UK. In addition, the money transfer itself could take several days. Thus, the main disadvantage is the length of the entire process.
  2. Often, money was transferred through friends who returned to Ukraine. The advantage is that you could send any amount. But there are many more disadvantages. First, the transfer could take a long time. You need to give the money, then the way from England to Ukraine. And it is not a guarantee that a person is going to the very city where the recipient lives. Consequently, we should add time for a trip through the territory of Ukraine. Another disadvantage was that you could only transfer money in cash.
  3. Today, the most common way to transfer money from the UK to Ukraine is through online payment systems, one of which is Perekaz24. Pros – it’s fast, online from card to card, at any time of the day, and safe.

These are not all the benefits that you get by using the Perekaz24 online transfer service. We have developed a service for Ukrainians who want to financially support their relatives and friends. This can be done most conveniently for you. Once using our service (the first money transfer from the UK to Ukraine is free), you will become a regular customer.

Transferring Money From England to Ukraine With perekaz24: Advantages

  1. You can make instant transfers while at home or work. All you need is to log in to the system, specify the recipient’s data and click the “Send” button. Our site is adapted for the mobile version, so it is convenient to transfer money from England to Ukraine not only from a PC but also from a smartphone. If you are making the first transfer, you need to go through a short registration, indicating your personal data. Registration confirmation will be sent to your email address. After that, the card should be verified. To do this, some sum will be withdrawn from the account, the amount of which will need to be specified for confirmation. The funds will be returned to the account within three banking days.
  2. A minimum fee is charged for transfers. And the first transfer is free, so you can see how easy and convenient everything is.
  3. You can transfer money in UAH to cards of any of the Ukrainian banks. As soon as you pay for the transfer, the recipient will receive a message that the payment has been credited. Even if you transfer money overnight, the recipient will be able to use it immediately.
  4. It is also possible to transfer funds to receive cash in USD or EUR. The recipient gets the cash at any of the 3,500 branches of partner banks in Ukraine. To do this, the recipient will need to provide a passport and a control number of the transfer and inform the bank employee that the transfer was sent in the “Wellsend/Mist” system.
  5. Naturally, before transferring money to Ukraine, you want to make sure that the operation is safe, and your data is not disclosed to third parties. Therefore, we want to assure you that we do not have access to the clients’ payment card numbers. They do not enter our systems and are not saved by us. Also, you will find information on the site about the availability of a license to provide financial services. To get them, we had to go through months of checks. But this is the only way we were able to guarantee the safety of financial transactions.

Transfer to a Card or in Cash at a Bank Branch: What to Choose?

Everything depends on the personal preferences and requirements of the recipient. If funds are needed instantly for urgent order, then, of course, it is more convenient to transfer from card to card. If the recipient needs foreign currency, then the best option would be to receive it at the bank. In any case, you can be sure that transferring money from the United Kingdom to Ukraine with the Perekaz24 service is the most convenient option.

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Briefly and Clearly About the IBAN Code

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To transfer money abroad or from a foreign account, an IBAN code is required. The mysterious string is nothing more than an international bank account number that simplifies banking transactions, including transfers of money from account to account. In this article, we will explain what an IBAN code is, what the mysterious numbers mean and how to get your IBAN.

What is an IBAN code? This question is asked by many people who first encounter this abbreviation. Most often, the question arises when transferring money abroad or from a foreign account. Then it is very often required to enter the IBAN code. Therefore, we decided to prepare an article to give you comprehensive answers to your questions.

What Is an IBAN Code?

What Is an IBAN Code

IBAN (International Bank Account Number) is an international standard for numbering bank accounts that allows you to transfer funds to foreign accounts and receive transfers from foreign organizations to domestic bank accounts. The assumption about the introduction of the standard was to simplify the system of cross-border transfers. Thus, the IBAN is a unique number that describes the bank and account holder used for international transfers.

Currently, account numbers in the IBAN format are used by several dozen countries. To transfer money using IBAN, you need to check the code with the recipient.

The length of the IBAN number depends on the country where the bank account is opened, and the string of numbers representing the IBAN number must have the same number of characters within the given territory. Typically, your bank account number can be up to 30 characters (letters or numbers). For example, the number of characters will be as follows:

  • for Poland – 28 characters;
  • for Austria – 20 characters;
  • for Norway – 15 characters;
  • for France – 27 characters;
  • for Belgium – 16 characters.

Accounts in Ukrainian banks are compatible with the IBAN system, but in order to better understand the structure and functioning of the standard, let’s first focus on the creation of an account.

Bank Account Number

It is a standard that defines the method for numbering bank accounts. An account in Ukraine always consists of 29 characters, the first of which are letters, and the rest are numbers. The structure is shown below:

AA KK BBBBBB NNNNNNNNNNNNNNNNNNN where

AA – 2-digit alphabetic country code (in Ukraine – UA)

KK – 2-digit verification number;

BBBBBB – MFO (Interbranch Turnover);

NNNNNNNNNNNNNNNNNNN – 19 characters identifying your bank account number. Typically, there are 5 zeros at the beginning to complete the code to 29 characters.

IBAN Numbers: In PrivatBank, Monobank, and Other Banks of Ukraine

Creating an IBAN number in PrivatBank, Monobank and other banks do not require additional operations or the use of calculators. The IBAN is based on our account number, to which we add the corresponding country identifier at the beginning.

Please note that for online transactions, you must enter the entire code without spaces. On paper forms, the number is divided into groups of four characters.

Currently, the IBAN standard is valid in most European countries, as well as in Africa, Asia and Latin America.

Where Can I Find My IBAN?

We have figured out what an IBAN account is. Now it remains to find out where to find this number in order to make a transfer by IBAN.

Everything is simple here. You can find out your IBAN number in the Internet bank or on your bank statement.

Summary

The international IBAN standard was introduced to standardize the structure of bank accounts in many countries. This makes it easy and efficient to check the correctness of the account number. Also note that account numbers in national banks in some countries can differ from Ukrainian – for example, in the United Kingdom, bank account numbers consist of a sequence of letters and numbers.

Remember to always check the correctness of your bank account number before sending money. This will allow you to make the transfer correctly. In addition, it is also important to provide your correct IBAN number, so that you do not have to wait long for the transfer.

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Convenient Money Transfer From the Czech Republic to Ukraine

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According to official data, more than 200 thousand Ukrainians live in the Czech Republic. And these are only those who are registered and belong to minorities. In fact, many more of our fellow citizens work in the Czech Republic. The country is close to us in spirit, culture, way of life, and earnings there are much higher than in Ukraine. Therefore, many choose the Czech Republic in search of work abroad. Receiving a certain income, you may have a logical question of how to transfer money from the Czech Republic to Ukraine as quickly and conveniently as possible. And we have an answer to this question.

What Does Fast and Convenient Mean?

First of all, we would like to clarify what exactly we mean by the words “fast and convenient”. Another ten years ago, quickly meant 2-3 days. But today, times have changed. Thanks to the development of technologies, the growth of demand for online transactions, money transfers from the Czech Republic to Ukraine have become even more accessible and the word quickly now means 2-3 minutes:

  1. You no longer need to go to the nearest bank branch to transfer money from the Czech Republic to Ukraine. Thanks to modern transfer systems, including Perekaz24, you can transfer funds, and they are instantly credited to the recipient’s account. This is especially convenient when money is needed urgently. You can even make a transfer on Sunday or at night, without a doubt that the recipient will immediately receive a message that the payment has been received.
  2. Transferring money from the Czech Republic to Ukraine is possible from card to card. This further simplifies the transaction for each party. Having a Czech bank card, transfer money to any Mastercard or Visa payment card issued by a Ukrainian bank, and the card account is kept in hryvnia (UAH).
  3. A minimum of data is required to send money. From the sender – a card of a Czech Bank, as well as the main data of the recipient – full name and a card number.

There are several payment systems for transferring money. We recommend using Perekaz24 as one of the most convenient and safe.

How to Transfer Money From the Czech Republic to Ukraine?

How to Transfer Money From the Czech Republic to Ukraine

Using our service is convenient and very simple. We made the first translation absolutely free so that customers can appreciate the ease of work. Here is a short instruction on how to send money from the Czech Republic to Ukraine:

  1. Register. To do this, you need to enter a minimum of data, after which you will receive an email with a link to confirm your registration. Having passed the authorization, you can make money transfers from the Czech Republic to Ukraine at any time convenient for you. The site is adapted for mobile devices, so you can make a transfer even while not at home.
  2. From your personal account, you can send money to several recipients, having their card numbers. Also, you can always make changes to your personal data, for example, change the card from which funds will be debited.
  3. If you need to increase the limit on transactions, you must go through card verification. To do this, an amount will be debited from the card, the amount of which will need to be indicated in order to confirm that you are the owner. This amount will be returned to the account within three banking days. The maximum limit is $8,000 or the equivalent in any other currency of your choice.

As you can see, everything is quite simple. In addition to the efficiency of transactions, the Perekaz24 payment system has other advantages:

  • the first money transfer from the Czech Republic to Ukraine is free;
  • then a minimum fee of 1.5% is charged for transfers;
  • you can transfer money to the recipient’s card or make a cash payment in dollars or euros available for receipt at any of the 3500 branches of partner banks in Ukraine;
  • transfers are absolutely safe. We do not have access to clients’ payment cards. A high level of security is achieved using the 3D Secure function (Verified by VISA) and 128 bit SSL encryption (thawte SSL certificate);
  • only official transfers – no matter what sum you transfer, you should always use the official services. The operator of the service, Transfer24, is authorized by the Financial Supervision Commission to provide services as a National Payment Institution. Transfers in Ukraine are carried out in cooperation with Meest Corporation Inc., which has a license from the National Bank of Ukraine for international money transfers.

What Is Better – Transfer Money to a Card or Receive Cash at a Bank Branch?

It depends entirely on the sender and the recipient. If you are interested in instant money transfers from the Czech Republic to Ukraine, then, of course, it is better to take the opportunity to transfer funds from card to card. If the recipient requires foreign currency, then he can receive it at any of the 3500 branches of the bank. In any case, it is convenient to use the Perekaz24 service, the site has several languages, does not require special knowledge, and is available to users.

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