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Even when far from the homeland, Ukrainians make a point of staying united in Australia through their many organisations and committees as well as keeping in touch with families back home. Thanks to a tumultuous socio-political landscape, Australia welcomed its biggest waves of displaced Ukrainians after the Second World War and in 1991 after Ukrainian independence.
Today the Ukrainian Australian community counts around 40,000 members, and the strong social structures welcome new arrivals and help them transition to living in Australia. The Ukraine isn’t one of Australia’s biggest trading partners, but the two countries collaborate on projects run in the Ukraine and funded by Australian investment in tobacco, oil, gas and electronics.
With the continued political unease in the region there is still a growing number of Ukrainians who choose to rehome in Australia but still have family in the Ukraine that they may want to send part of their Australian salary too in order to help make their lives easier.
Send money to 110+ countries for bank deposit, instant e-wallet, mobile top-up or cash pickup at 30,000+ agent locations worldwide.
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| Money transfer service 1 | Money transfer service 2 | |
|---|---|---|
| Exchange rate | $1 = UAH 12.674 | $1 = UAH 12.398 |
| Transfer fee | $70 | $15 |
| Amount received for $1,000 | UAH 12,180 | UAH 12,307 |
| Transfer time | 10 minutes | Two working days (maximum) |
| Transfer options | Bank transfer | Bank to bank transfer, cash collection |
| Difference of | $55 |
After comparing two transfer services, Oleksander sees that he can either pay a transfer fee that guarantees an instant deposit into his parents’ account or opt for a free service with a longer delivery delay.
When looking at transferring money to the Ukraine there are things that you should consider. You could be able to get fee-free discount fee transfers if you are transferring higher amounts. Some other factors you might wish to consider are:
When comparing money transfer services online, the money is sent in Australian dollars and received in US dollars. The recipient’s bank will convert the dollars into Ukrainian Hryvnia. Make sure that the service you choose actually does deliver to the Ukraine. The following transfer services will get your money to its destination:
Not all money transfer services cover the Ukraine, but those that do can deposit money in the recipient’s account within half an hour or on the same day. In case of an urgent transfer, you may have to pay an additional fee for faster delivery, but if it’s an emergency, a few extra dollars won’t make that much of a difference.
At this current point in time the Department of Foreign Affairs and Trade recommends that you reconsider your travel and to not travel to certain areas such as Crimea and regions of Donetsk and Luhansk.
Most money transfer companies covering the Ukraine offer cash pick-ups at certain points. The socio-political situation in the country is unstable thanks to clashes between separatists and Ukrainian forces so bank-to-bank transfers are recommended. If you have to collect money at a collection point while in the Ukraine, be vigilant and try to go in a group, or at least with one other person.
Back to topThe money transfer companies that cover the Ukraine usually only allow for online transfers via your bank account. Money is delivered in Euro or US dollars, and is then converted to local currency by the recipient’s bank. You’ll need to supply the following information:
You’ll receive a tracking number and a notification once the money has reached its destination.
Ukrainian Australians may not have many alternatives at their disposal for sending money to their homeland, but a few reliable transfer companies offer quick, hassle-free deposits for a small fee.
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