Need to transfer money to Ukraine? Considering a bank wire to transfer the money to Ukraine? Before you go your bank to do it, make sure you check the wire transfer fees. It may come as a shock as to how much the charges will be and depending on the dollar amount, it might not be worth sending the money by bank wire transfer to send the money using another method.
What can make it even more costly is in addition to your financial institution charging a fee for sending the funds to a bank in Ukraine, the individual receiving the transfer of funds may incur a fee at their end. A way to minimise the possibilty of this charge is to send the international wire transfer in their designated currency.
To initiate a wire transfer to Ukraine, you will possibly need a SWIFT code. These are different codes for each financial institution and are based on references including the bank and country.
SWIFT Country Code
Central Bank Name
National Bank of Ukraine