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29 Feb. 2024

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PrivatBank has changed the rules for money transfers from Canada to Ukraine: new conditions

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PrivatBank has changed the rules for money transfers from Canada to Ukraine: new conditions

PrivatBank's partnership with the Canadian fintech company RemitBee opens up new opportunities for Ukrainians to transfer money quickly and affordably. Learn more about the new conditions and how to use the PrivatMoney system

Legal assistance for Ukrainians abroad
Legal assistance for Ukrainians abroad
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From now on, Ukrainians will be able to receive fast and affordable money transfers from Canada through the PrivatMoney system. According to the Minifin, this became possible thanks to the partnership between PrivatBank and Canadian fintech company RemitBee.


"To ensure that the large diaspora and Ukrainians living abroad can always conveniently and quickly support their relatives and friends in Ukraine, we are expanding the geography of partners of the PrivatMoney affordable money transfer system and entering the Canadian market," said Dmytro Musienko, PrivatBank's Board Member for Retail Business.


What changes have taken place and how to use the new PrivatMoney system are described below.


Read more about how to transfer money from abroad to Ukraine here.




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How to transfer money from Canada through PrivatMoney?


According to Musienko, by the end of March 2024, the first transfer of up to CAD 250 from Canada to Ukraine via the new PrivatMoney partner will be free of charge. The minimum transfer amount is only $10.


You can transfer funds from Canada to Ukraine via the website or mobile application. You can receive a RemitBee transfer via PrivatMoney:

- automatically to a bank card (provided that the sender has provided the recipient's card details);

– via the Privat24 website or mobile application (with a control number);

– at self-service terminals (SSTs);

– in ATMs;

– through a bank branch;

– through the customer support service at 3700 or online help in Privat24 chat.


We remind you! Traveling to Ukraine is difficult due to the closed skies and overloaded border crossings. Read how to get to Ukraine from Canada quickly and conveniently in 2024 in our previous article.


Photo: Getty Images


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