Make Sure There Are ATMs in the Area Before You Transfer Money to Ukraine on a Card

If you need to send money home to relatives in another country, you have plenty of options. They include using a bank to send money to a relative’s bank account, using an agency to have your relative pick up money at a specified location, or even sending a check in the mail. Of course, not all of these will work well, especially if the banking system in their country works differently from that of the United States, or if they do not even have an account. In such cases, you might be better of using a prepaid debit card to send money. If your goal is to transfer money to Ukraine, this type of card could work quite well, but you should find out how cards work in this nation first.

Most people who live in Ukraine already know that ATMs can be found nearly anywhere, and most in this country accept cards with a Cirrus or Maestro symbol. This means that using a prepaid debit card to withdraw money is usually easy, so your relative will likely be happy for you to transfer money to Ukraine using such a card. ATMs are typically found in larger hotels, restaurants,Business in Ukraine  department stores, and even on the streets, particularly in larger cities like Kiev, Kharkiv, Odessa, and Donetsk. Those who get money from the ATM will be given the Ukrainian currency of Hryvnya, not U.S. dollars. However, when you use a prepaid debit card to transfer money to Ukraine, you will send the funds in U.S. dollars. This requires that you calculate how much your recipient will get before you send the money, but this way, no one needs to exchange money to have the correct currency.

While debit cards can be widely used to withdraw money from ATMs, keep in mind before you transfer money to Ukraine that this country is largely cash-based. This means that credit and debit cards are not accepted for payment at most retailers. The main businesses that accept them are large hotels, some airlines, a few stores, and Western-style restaurants. Therefore, it is best if your relative always keeps some cash on them, which should be easy since ATMs are so widespread and accessible in this country.

Clearly, you have many options when you transfer money to Ukraine, but you should do some research first to make sure you choose the right method. The best one is the kind that is convenient and inexpensive for both you and your relative. Though credit and debit cards are not as accepted in Ukraine as they are in many other countries, your relative still has the option of using an ATM card to withdraw cash. Therefore, using a prepaid debit card in Ukraine is still a viable option.


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