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ZEN.COM Review: How to Transfer Money Easily and Without Stress
In our fast-paced world, transferring money abroad can be a real challenge, as traditional methods like currency exchange offices or bank transfers often involve high commission fees, long waiting times, and complicated procedures. But what if there were a way to transfer money easily and stress-free? In this article, we will talk about ZEN.COM, a service that makes sending money abroad fast and as simple as possible. We will also show you how you can send money to Ukraine using ZEN.COM and how much it will cost.
ZEN.COM in Brief.
The story of ZEN.COM began in 2018, when founder Dawid Rożek obtained a license from the Bank of Lithuania, which was approved by the European Banking Authority (EBA) across 31 countries. The service launched in November 2020, and since then ZEN.COM has been actively growing, offering its customers a financial solution for fast international transfers and personal and business financial management.
The name ZEN.COM reflects the company's philosophy and values, aiming to provide users with peace of mind and confidence in their financial transactions. “Zen” is associated with a state of calm, balance, and enlightenment in Buddhism. Similarly, ZEN strives to offer its customers an experience free from the stress and complexities associated with money transfers and account management.
What the ZEN.COM mobile app looks like. Source — App Store
Key Features.
Services for Individuals
The platform offers everyday users a set of services that allow them to transfer money abroad easily and quickly and make purchases in numerous countries. Here is a brief overview:
Multi-currency account. Based on rates from the 2024 review: users can open a single ZEN account with access to over 28 currencies, allowing them to manage finances in various currencies without extra fees.
International transfers. ZEN.COM allows transfers to hundreds of countries. The service offers competitive exchange rates and low fees, especially for in-app transfers.
ZEN Mastercard cards. When opening a ZEN account, users receive a digital card that can be linked to a smartphone mobile wallet (Apple Pay, Google Pay) and earn up to 15% cashback.
Online payments. ZEN.COM also offers an online payment service that allows customers to pay for goods and services on the internet. The service supports many popular payment systems, such as Visa, MasterCard, Maestro, and others.
Services for Businesses
ZEN.COM provides a range of business services that allow companies to easily and quickly make international money transfers and pay for goods and services. Here is the list:
Payment gateway. Convenient checkout setup with a variety of methods for fast payment processing.
Multi-currency account. In the 2024 review: One ZEN account for 28+ currencies with a dedicated IBAN number and currency exchange at live interbank rates.
ZEN Mastercard cards. The platform offers virtual and physical cards with expense tracking and shared management.
Corporate payments. ZEN.COM also provides a corporate payment service that enables companies to pay for goods and services online. The service supports Visa, MasterCard, Maestro, and other popular international payment systems.
Money transfers. External bank transfers, internal ZEN transfers, and deposits to digital currency management platforms at minimal fees.
Transfers to Ukraine.
Since July 2023, the ZEN.COM platform has been available in Ukraine. To transfer currency to Ukraine, you need to download the ZEN.COM app and register. Afterwards, you can select the currency to transfer and the transaction amount. The service offers various transfer methods:
Standard:
If the transfer is between two app users, you can use the ZEN Buddies service. Such transactions are free and instant. To transfer via ZEN Buddies, you only need to provide a phone number. There is also an option to transfer via ZEN PrivatMoney to a PrivatBank card. Based on rates from the 2024 review: such a transfer is instant, but costs 1% of the amount.
To a Bank Account:
The second transfer option involves using the ZEN Moneysend service — it usually takes 1 day. The service also supports SEPA — euro transfers within the Eurozone. So far, only a few Ukrainian banks work with SEPA.
SWIFT Transfers:
This is an international transfer network that allows sending money in any currency. SWIFT transfers through ZEN.COM may include a fee that can be shared between the sender and the recipient.
Fees and Limits.
As for fees, for Ukraine they are as follows:
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Based on rates from the 2024 review: ZEN.COM transfer fees for Ukraine (14.04.2024). Source — ZEN.COM
Subscription Plans and Fees.
ZEN.COM offers several subscription plans for individual accounts. The Free plan is suitable for those who rarely make purchases or transfers. The Gold plan is ideal for active users who frequently use the card for purchases and transfers. The Platinum plan is designed for those who want to get the most out of all ZEN.COM features.
Based on rates from the 2024 review: ZEN.COM transfer fees for Ukraine (14.04.2024). Source — ZEN.COM
Subscription Plans and Fees.
ZEN.COM offers several subscription plans for individual accounts. The Free plan is suitable for those who rarely make purchases or transfers. The Gold plan is ideal for active users who frequently use the card for purchases and transfers. The Platinum plan is designed for those who want to get the most out of all ZEN.COM features.
ZEN.COM subscription plans: services, fees, and limits. Source — ZEN.COM
Conclusion.
ZEN.COM proves that financial operations can be not only simple and intuitive, but also enjoyable. The service offers a wide range of features (from multi-currency accounts to instant transfers), while ensuring high levels of security and comfort. Given its free subscription tiers and other benefits, ZEN.COM is an excellent choice for individuals and businesses alike.