Money Transfer to Ukraine

If you plan to go to Ukraine on a trip, it is helpful that you first know a little about the best ways to pay for items there. Bringing your checkbook or only planning on using U.S. dollars will not work for this nation, and you do not want to be stranded without funds on your vacation. Find out if you should use a prepaid debit card to do a money transfer to Ukraine before you go, or if cash or traveler’s checks are fine.

You are probably not familiar with the money most often used in this country, called the hryvnia. You will need to change your U.S. dollars for this legal tender, and this can be performed at banks, major hotels that have exchange desks, or businesses that specialize in this. You should carry only crisp bills that are not torn, as it is often hard to exchange worn money for hryvnia.

You can exchange traveler’s checks for legal tender here, but be prepared to pay a fee. Most banks charge up to 4% of the amount, and the kind that is most acceptable is Visa. You will need your real receipt and your passport to cash them at most banks. If you feel comfortable carrying and using traveler’s checks, they may be good to have in this country, but otherwise, do not feel compelled to use them. There are other choices that you have to safely make a money transfer to Ukraine.

Multiple merchants, hotels, and restaurants take credit and debit cards, but remember that not all types are accepted everywhere. Visa and MasterCard are popular, but American Express and Discover are not accepted at most places, so be sure to have the right type. If you wish to start a money transfer to Ukraine on a prepaid debit card, as many people do while on vacation, you can get out funds at ATMs scattered around the country. You are most likely to find ATMs, also called bankomats here, in hotels, Metro stations, and many fast food restaurants. There are also frequently ATMs attached to banks, which are typically easy to locate, especially in larger areas like Kiev.

Clearly, you have a few choices when it comes to making a money transfer to Ukraine safely while you are on vacation. Make sure to consider which techniques work best for you before you select. This way, you will always have funds while on vacation in Ukraine.