Revolut launches a wire transfer to Ukraine: what it means

Well-known British Fintech service Revolut has launched a money transfer service to Ukraine, as they notified its users in a mailing list. Now they'll be able to send money to Ukraine in more than 30 currencies.

Ain.ua reports.

With the help of Revolut neo-bank, one can send amounts in dollars, Swiss francs, pounds, and other currencies to Ukrainian bank cards. However, the hryvnia isn't currently supported.

The transfer fee will be from 3 to 5 euros. The money will go to the recipient's account in 3 to 5 working days.

To make a money transfer using Revolut services, the letter instructions say you need to:

1. go to the Payments section;
2. select Send and then create a new payment (New);
3. select Add a bank recipient and then select Ukraine;
4. then add the full name, account number, and the recipient's BIC/SWIFT code;
5. add recipient;
6. click on the recipient and enter the money amount;
7. then click Continue;
8. check the payment details and send the payment.

Note

Revolut is a Fintech project, a bank without branches, and all operations are performed using an application on a smartphone. The bank's peculiarity is the lack of commission for currency exchange. The service operates in several dozen countries and is used by more than 8 million people.