Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
Meest Speedy Cash Transfer — the Best Way to Send Money to Ukraine
Aug 11, 2023
To transfer money between countries, you can use the services of a traditional bank. Let it not be a surprise to you, it is pretty expensive, and you will lose a lot on commissions and exchange rate margins. In addition, there may be restrictions on bank transfers in some cases.
International money transfer services are another best way to send money to Ukraine. Using them, you can easily guarantee that you will save as much as possible and reduce the translation time.
Factors Affecting How Much Time You Spend to Transfer Money to Ukraine
The number one issue among bank clients is how to send money to Ukraine fastest. Many factors affect the speed at which your transfer reaches the recipient. These are the ones most commonly found:
- Country of departure and receipt. Sending money between countries in an economic union or with stable financial relationships is faster.
- Transition service you used. The choice to use a traditional bank or international transfer service like Meest Canada can significantly affect the speed of delivery of an international transfer.
- How the recipient receives money. A person can accept funds in several ways (for example, receiving to a bank account, receiving cash at points of issue, delivering cash by courier, or receiving on a card using a bank application). It will depend on the chosen option whether the person will receive the money the next day or in a week.
Tips on How to Transfer Money to Ukraine in the Fastest Way
We have put together some tips on how to find the fastest and, therefore, the best way to send money from Canada to Ukraine.
Know your options: First of all, find out what options you have. It's simple — go to the service website and compare prices and terms.
Check your own data and recipient information carefully: If you enter incorrect details, the international money transfer service will need to contact you to confirm them, which can lead to the transfer taking much longer. Make sure you have entered all the details correctly.
See: Ways you can help support Ukraine
Use the bank mobile app to get money: In most international money transfer services, receiving money through a bank application is possible.
Consider what currency to receive money in: Transfers to banks are paid in US dollars or local cash (at the recipient's request).
Recall that working with Meest money transfer service, you do not need to open a bank account specially! Everything is as simple and super-fast, just like you wanted.
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