How to Send Money to PrivatBank.

How to send money to PrivatBank?

International money transfers to PrivatBank can be completed in several ways, each with its own characteristics and fees. In this article, we examine which PrivatBank cards offer the best conditions for receiving international transfers and which services to use for sending funds.

PrivatBank card types and incoming international transfer fees.

PrivatBank offers several types of bank cards that differ in their terms for receiving funds from abroad. Here are the main card types and their associated fees:

Topping up a card by card number from abroad.

Hryvnia cards:

According to tariffs from the 2024 review: Card for Payouts: incoming transfer fee is 0.5%.

According to tariffs from the 2024 review: Universal Card and Internet Card: incoming transfer fee is 0%.

Foreign currency cards:

According to tariffs from the 2024 review: incoming transfer fee is 2%.

Topping up via SWIFT transfer.

Hryvnia accounts:

According to tariffs from the 2024 review: Card for Payouts and Internet Card – 0% fee.

According to tariffs from the 2024 review: Universal Card – also 0%.

Foreign currency accounts:

According to tariffs from the 2024 review: Card for Payouts and Internet Card – 1% fee.

According to tariffs from the 2024 review: Universal Card – 0%.

Choosing a card and top-up method for international transfers.

The choice of card depends on how you plan to use the funds once they arrive in your account:

For retail purchases and online payments, without needing cash withdrawals:

SWIFT transfer to a Universal Card – no fee for top-ups or payments.

To receive cash in Ukraine in foreign currency:

According to tariffs from the 2024 review: SWIFT transfer to a Universal Card (0% incoming fee, but 1% cash withdrawal fee at bank branches) or to a Card for Payouts (0% cash withdrawal fee, but 1% incoming fee) – resulting in 1% total for the transaction in either case.

To withdraw cash hryvnia at an ATM:

SWIFT transfer to a hryvnia "Card for Payouts" in any currency. The funds are automatically converted into hryvnia at PrivatBank's exchange rate (current rate -

PrivatBank rate), with 0% fee for the incoming transfer and ATM withdrawals.

Recommended transfer services.

When choosing an international money transfer service to Ukraine, it is important to factor in additional intermediary bank fees that may apply when transferring to an account. We recommend the following platforms:

Revolut:

For SWIFT transfers via Revolut, check the sender fee and potential intermediary bank charges; zero additional fees are not guaranteed.

Official Revolut website.

Zen:

Outgoing standard SEPA at ZEN costs 0.25 EUR on Free/Gold and is free on Platinum/PRO; incoming SEPA is free. (At the time of writing, PrivatBank is not yet connected to the SEPA network. To receive such transfers, we recommend Monobank.)

Official Zen website.

Using this information, you can select the most suitable PrivatBank card and international transfer service to maximize savings on fees and ensure seamless transactions. You can always identify the most cost-effective service for sending money to Ukraine using our platform, paytoua.com. Our "SmartPay" tool factors in real-time exchange rates and fees, as well as Ukrainian bank rates, helping you choose a suitable option among offers for which data has been retrieved.

Conclusion.

Sending money to PrivatBank can be straightforward and cost-effective if you choose the right card and transfer service. Compare terms on the paytoua.com platform

and use the "SmartPay" feature to get up-to-date information on fees and exchange rates. This will help you complete your transfer at the lowest cost and with maximum convenience.