Money transfers for individuals

Ria Money Transfer

Ria (the name of payment organization is CONTINENTAL EXCHANGESOLUTIONS, INC.) – is the acknowledged leader of financial services in the world and leading international transfers expert. Since 1987 the company has been ensuring a swift, reliable and safe service of transferring monetary funds by employing the leading technologies. As of today, covering more than 160 countries of the world, Ria has become a global leader in money transferring and is a recognized quality and service brand.  Reliable quick service made Ria a synonym of trust in more than 402,000 points-of-service around the whole globe. 

Registration address of the company CONTINENTAL EXCHANGE SOLUTIONS, INC.: 7001 Village Drive, Suite 200, Buena Park, California 90621 U.S.A.

Transfer in the system is made instantly (up to 10 minutes).

Transfer sending and receiving currencies: USD, EUR.

Procedure of resolving disputes between participants and users of the funds  transfer system
 
All disputes arising between the participants of the transfer system and recipients/senders of the funds transfers in RIA Money Transfer shall be settled by means of negotiations as well as according to the effective legislation of Ukraine.   

Since the beginning of 2016 PRAVEX BANK has become Ria’s agent in Ukraine.

Now You can experience the benefits of the System by using the services of sending and receiving monetary funds in the network of branches of our Bank. 

Want to send money?

  • visit the closest branch of PRAVEX BANK with a document certifying Your identity,
  • provide the bank’s employee with information for sending transfer (country and city of discharge of transfer, surname, first name and patronymic name of a recipient, amount and currency of transfer),
  • deposit amount of transfer to the Bank’s cash-desk and pay commission fee for sending transfer,
  • obtain a number of transfer,
  • notify the recipient about the address of the point of receiving, control number, amount and currency of the transfer.

Need to receive money transfer?

  • show employee of the branch of PRAVEX BANK a document certifying identity and provide information on the transfer (control number of transfer, surname, first name and patronymic name of sender, amount and currency of transfer)
  • receive Your money.

Please remember that sending and receiving money transfers may not be  related to Your entrepreneurial activity according to Ukrainian legislation.   

In order to receive advice on the work of the system You can call a telephone number of Information Center of the Bank available in section Contact and Payment Details or visit the closest branch of the Bank.

RIA Money Transfer Website

Western Union


Western Union

Western Union System (name of payment organization is Western Union Network (France), SAS) is an international money transfer system established by company Western Union along with its numerous partners all over the world. It operates in more than 200 countries and territories. It comprises 500,000 points-of-service for clients.

Transfer in the system is made instantly (up to 10 minutes). 

Transfer sending and receiving currencies: USD, EUR, RUB, UAH.

Registration address of the company Western Union Network (France): 48/50, Rue de la Victoire, 75311 Paris Cedex 09, France.

PRAVEX BANK is an agent of international money transfer system Western  Union since November, 1999. Today we are the leading operator in the money transfer market of Ukraine.

To transfer money via Western Union is as reliable as to personally hand it from one person to another.

Reliably - Western  Union has been offering for more than 150 years to its clients a service of transferring monetary funds. Every transfer has a control number under which it can be traced; this is a guarantee that Your money will be paid out quickly and only to a person they are intended for.  

Quickly – money can be paid out within several minutes after they have been sent. Western Union applies the latest technologies and uses a unique computer network across the globe for it to be able to pay out money in more than 200 countries and territories.

Conveniently – sender and recipient can visit one of 500,000 branches all over the world for receiving or sending money. You don’t need to open account in the bank to make Western Union money transfer (Excluding instances prescribed by legislation).  

As of today Western Union is the largest instant money transfer system in the world. If You want to transfer money to the relatives or friends staying in another city or country, Western Union will make transfer in a matter of minutes.

In order to send money transfer via Western Union system You need to:

Visit the closest branch of PRAVEX BANK, present a passport or a passport substitute document and pay for service.

Give operator of Western Union a filled-up form and money.

Necessarily obtain client’s copy of the form with a control number. 

Notify a recipient that money has been transferred, the amount, currency of the transfer and control number of the transfer.

In order to receive money transfer via Western Union system You need to:

Visit the closest branch of PRAVEX BANK, inform Western Union’s operator of the necessary transfer data (control number, who sent the transfer, country and city of the transfer sending, amount and currency of the transfer).

Present a passport or a passport substitute document to Western Union’s operator.

Receive money and a client’s copy of the form “For receiving payment”.

No commission fee shall be charged from recipient when the transfer is being paid out.
 Western Union website https://www.westernunion.com/ua/ua/home.html

In order to receive advice on the work of the system You can call a telephone number of Information Center of the Bank available in section Contact and Payment Details or visit the closest branch of the Bank.

Procedure of resolving disputes between participants and users of the funds transfer system

All disputes arising between the participants of the transfer system and recipients/senders of Western Union funds transfers shall be settled by means of negotiations as well as according to the effective legislation of Ukraine.   

MoneyGram


Money Gram

MoneyGram (name of payment organization is MoneyGrаm Payment Systems,Inc.), is one of the leading companies in the area of money transfers on the world stage, servicing money transfers all over the world.

Global MoneyGram network comprises more than 350,000 branches. Company’s partners are the national mail services, financial institutions and the largest trade networks in more than 200 countries and territories in the world.

In CIS countries MoneyGram network already totals to more than 42,000 points-of-service and keeps on developing. In Ukraine MoneyGram network comprises more than 10,000 branches.

MoneyGram money transfers are quick, reliable and convenient. One can receive or send money transfer in any country of the world where there is a point-of-service of MoneyGram system. Transfer can already be received in 10 minutes after sending.  It’s a perfect solution for migrant workers sending money to relatives; for  tourists in case of occurrence of emergencies; for students and their parents  for paying for tuition and accommodation, etc.    

    

Registration address of the company MoneyGrаm Payment Systems,Inc.: 1550 Utica Avenue South Minneapolis, MN 55416 U.S.A.

Transfer in the system is made instantly (up to 10 minutes).

Currencies of sending and  receiving transfer: USD, EUR.

Use MoneyGram services, if You:

Work abroad and want to send monetary funds to Your relatives or plan to send home a part of Your earnings on a monthly basis.

Are a client of the Bank but You need to transfer funds as early as possible.

Are a tourist, and You urgently need money due to unforeseeable circumstances.

Want to help Your children studying abroad.

How to send MoneyGram money transfer?

Present a passport or a passport substitute document.

Deposit transfer’s amount and pay the cost of MoneyGram services.

Receive a control number of transfer and provide it to a recipient.

How to receive MoneyGram money transfer?

Learn a control number of transfer from sender, indicate the amount, currency of the transfer, country of sending and produce a passport or a passport substitute document.

Receive money.

When transfer is being paid out, a commission fee shall not be charged from the recipient.

In order to obtain detailed information on MoneyGram, please visit website moneygram.com or MoneyGram page on Facebook

In order to receive advice on the work of the system You can call a telephone number of Information Center of the Bank available in section Contact and Payment Details or visit the closest branch of the Bank. 

MoneyGram website http://moneygram.ua/

Procedure of resolving disputes between  participants and users of the funds transfer system 

All disputes arising between the participants of the transfer system and recipients/senders of MoneyGram funds transfers shall be settled by means of negotiations as well as according to the effective legislation of Ukraine

Contact  Details MoneyGram_Contacts.pdf

Transfers within Ukraine to the accounts of businesses and individuals

Transfers across Ukraine to accounts of legal entities  and individuals 

Transfers in national currency to current accounts of individuals opened  in the other banks of Ukraine. 

In order to make a transfer a sender is required to know the payment details of a recipient of funds:

surname, first name, patronymic name;

identification number;

current account number, MFO code and a name of the bank in which the account is opened. 

Transfers in national currency to card accounts of individuals opened in  other the banks of Ukraine. 

In order to make a transfer a sender is required to know the payment details of a recipient of funds:

surname, first name, patronymic name;

identification code of the bank;

number (of transit, correspondent and etc.) account used by receiving bank with a view of crediting funds to the card accounts;

MFO code and a name of the bank in which the card account is opened;

a number of technical account and name of the card.

In order to make transfers to the current and card accounts an account is not required to be opened for a sender.

While making transfers in the amount exceeding UAH 50,000, sender shall have a passport or document substituting for it on hand, as well as original certificate of assignment of a taxpayer identification number. 

SWIFT transfers

SWIFT

Transfers under SWIFT system

If You need to make a transfer abroad to the account of individual or legal entity, You can use a service of transferring currency via correspondent accounts under SWIFT system.

A transfer can be made both from a current account and without its existence with a view of paying for transactions not related to entrepreneurial activity.  

According to the orders of individuals transfers of foreign currency shall be made across the border of Ukraine under current currency non-commercial  transactions:

  1. without  confirming documents from  the current account in foreign currency or without opening such – in the amount not exceeding equivalent of UAH 400,000 per one transaction (working) day. Information on the purpose of the purchase, transfer and documents on the basis of which the purchase is made, transfer to the beneficiary of funds in foreign currency/UAH and/or bank metals shall be indicated in the application for purchase in foreign currency and/or payment order. These requirements do not apply to foreign exchange transactions in the presence of signs of fragmentation of the set of related relevant financial transactions. The Bank has the right to request from the client additional documents related to foreign exchange transactions. The Client is obliged to submit such documents to the Bank in case the Bank requests documents related to foreign exchange transactions.
  2. From a current account in foreign currency – in the amount exceeding equivalent of UAH 400,000. Resident and non-resident individuals make such transfers solely on the basis of documents confirming the purpose of the transfer and the source of funds.

Transfers of individuals under current non-commercial  transactions encompass the following ones: 

а) for paying of costs of foreign judicial, investigatory, notarial and other competent authorities (including settlement of taxes, charges, other mandatory payments), costs of foreign attorneys in case of initiation of proceedings abroad where an individual acts as either plaintiff or defendant;  

b) for paying of treatment costs in medical institutions of another state, as well as for paying of costs of transportation of sick persons;

c) for paying of costs of study and traineeship in educational institutions of another state, of costs of taking tests and exams, etc.;

d) for paying for participation in international symposiums, workshops, conferences, congresses, exhibitions, fairs, cultural and sports events as well as in other international meetings taking place in the territories of foreign countries;

e) for paying of costs for purchasing literature and subscription-based publications being issued abroad;

f) for paying of charges (duties) for the actions related to protection of intellectual property items including paying for services provided by patent offices of other countries and for services of patent attorneys abroad;

g) for paying of costs related to death of citizens abroad (transportation costs and funeral costs);

h) for paying of costs under agreements (insurance policies, certificates) on life insurance concluded with non-residents subject to availability of individual licence of the National Bank of Ukraine (hereinafter referred to as ‘the National Bank’) obtained in the order established by the National Bank;

i) for paying for products, works, services, intellectual property rights obtained from non-residents abroad for own use;

j) for paying of admission fees, membership fees to international organizations;

k) payments in connection with acceptance of an inheritance;

l) in case of moving abroad to a place of permanent residence;

m) related to payment for work, of scholarships, pensions, alimony, government aid, material allowance, allowance of relatives, charity support and humanitarian aid, pay-outs and compensations, including pay-outs of compensation for harm inflicted upon workers in result of mutilation, occupational disease or other health injury related to performance by them of their employment duties, pay-outs to victims of political repressions, Nazi persecutions, to members of their families and heirs, of reimbursements under insured events, premiums, prizes, inherited funds, funds under gift agreements, funds saved on accounts and profits thereunder

n) with regard to paying of copyright royalties, premiums, prizes and other pay-outs for usage of intellectual property items of individuals;

o) on the basis of verdicts, decisions, rulings and resolutions of judicial, investigatory and other law enforcement authorities.

Specified requirements to limitation of transfer’s  amount do not cover: 

paying of treatment costs in medical institutions of another state, as well as of costs of transportation of sick persons;

paying of costs related to death of citizens abroad (transportation costs and funeral costs);

transfers made under verdicts, decisions, rulings and resolutions of judicial, investigatory and other law enforcement authorities;

paying of costs for study exclusively with a view of paying for academic activity;

transfer of funds received as labor remuneration by non-residents in Ukraine, pensions, alimony;

paying of costs of foreign judicial, investigatory, notarial and other competent authorities (including settlement of taxes, charges, other mandatory payments);

transfers made by citizens in case of moving abroad to a place of permanent residence;

non-cash settlements made with the use of electronic means of payment for paying for products and services for own use by individuals; 

In order to make  a transfer You need to know the exact details of recipient of transfer (name of receiving bank, its location (country and city – in all cases), SWIFT-code of receiving bank, number of recipient’s account, recipient’s name (for individual – surname, name, patronymic name (if available) and his/her location/residence (if such information is present)), bring with You a passport (or a passport substitute document), identification number (if opening of account is required when making a transfer) and confirming documents in case of need.

 If You are a non-resident of Ukraine, You shall also have documents confirming origin of currency in cash in the territory of Ukraine.

Without opening of current account an individual can receive within one transaction (working) day a transfer from abroad in amount not exceeding UAH 150,000 (a transfer shall be compliant with effective currency legislation of Ukraine).

Crediting to the current accounts of resident and non-resident individuals of the transfers from abroad is done without limitation in amount (transfers shall be compliant with effective legislation of Ukraine).

Look at the rates  for sending and paying out SWIFT-transfers 

In order to receive  a transfer without opening of current account of individual (i.e. transfers pay-outs according to SWIFT-message indicating recipient’s data: surname, name, series and number of passport or of a passport substitute document), You are required to visit any branch of our bank taking along the passport (or passport substitute document) and obtain details for receiving transfer from abroad via correspondent accounts.   

Payment order in foreign currency or banking metals (used in case of transfers of the foreign currency by individuals not carrying out entrepreneurial activity across the territory of Ukraine and abroad from a current account).

Additional details to Application for the cash transfer  (used in case of transfers of foreign currency across Ukrainian border by individuals not carrying out entrepreneurial activity without opening of current account).


Conversion of SWIFT-transfers

Do You have a current account denominated in one foreign currency, but want to transfer money abroad to beneficiary’s current account denominated in the other currency?

PRAVEX BANK will help You send funds from a client’s current account to correspondent bank;

correspondent bank will perform currency conversion according to its exchange rate;

correspondent bank will send funds to the current account of beneficiary.

When it is required:

If client does not have a current account in currency corresponding to the current account of beneficiary;

The bank does not work with requested currency

Main features:

Payment order in foreign currency with respective mark;

Client’s commitment to add funds to account in case of detecting shortage of assets (due to exchange rate fluctuations of correspondent bank)

Unique opportunity to send a transfer in specific currency

For  whom: 

Individuals not carrying out entrepreneurial activity


Express to family

Express to family

Money transfers from Italy to Ukraine – “Express to family”

developed jointly with Intesa SanPaolo on the basis that a great number of Ukrainians work in Italy and send monetary support to their relatives to Ukraine.  

A main advantage of this type of transfers is rates  for making transfers since they are significantly smaller than rates of other  international money transfer systems.  

Main features:

Express to family – international money transfers within the frame of Italia – Ukraine corridor (only in one direction) not connected with carrying out entrepreneurial activity.

Currency of transfer – EUR.

Minimal amount of transfer - unlimited, maximal amount of transfer – EUR 5,000.00.

Transfers can be paid out:

in cash at the bank’s branch without opening of current account (in case when a sender of funds specified a surname, first name of a recipient and series, number of a passport (or of a passport substitute document);

to the current account (in case when recipient is a client of the bank, has an opened current account and a sender of funds indicated a surname, first name of recipient and a number of his/her current account). 

In order to send transfer a sender is  required to indicate in all cases:  

surname, first name of recipient of a transfer;

a number of current account of recipient of transfer or series and number of the passport (or of a passport substitute document);

The sender is also recommended to specify the name of the branch of “PRAVEX BANK” JSC where the recipient would like to receive the transfer (this is in relation to the transfers being paid out without opening of current account).

In order to receive transfer a recipient is required to present:

a passport or a passport substitute document;

documents necessary for opening of current account in case of need for recipient to open a current account (if the amount of received transfers exceeds legal limitations on paying out transfers without opening of current account or if there is a requirement in force with regard to mandatory sale of foreign currency on Ukrainian Interbank Currency Exchange).

Transfer from card to card via ATM

Money transfer from card to card via ATM 

This service allows for performing transactions of transferring non-cash monetary funds in national currency amongst holders of payment cards issued by PRAVEX BANK.

The service can be used in all ATMs of PRAVEX BANK in the entire territory of Ukraine.

A transfer of monetary funds is made in on-line mode (instantaneously).

The service allows for performing transactions of transferring non-cash funds from one card of individual to the other one. The transfer can be made only between PRAVEX BANK cards. Crediting of transferred funds is done in on-line mode within several minutes after an ATM transaction have been performed. At the request of a client the ATM will issue a receipt confirming remittance.*

Competitive advantages of the present service in comparison with other bank  transfers:

complete confidentiality of performing of settlements;

low rate of carrying out transaction;

service can be used day-and-night in any ATM of PRAVEX BANK;

a recipient does not need to find out any sender's details;

a transfer is credited in one sum but can be received in increments; 

interest accrues on the card’s balance amount on a monthly basis;

option of client notification of incoming money transfer to a card (contingent on connection to “SMS-banking” service).

In order to make  monetary funds transfer You need to: 

Choose “Money transfer” item in a PRAVEX BANK ATM menu.

Next choose “Transfer to the other card” submenu.

Enter a number of the card of transfer’s recipient.

Enter an amount of money transfer which is to be a whole number (without kopecks).

Confirm correctness of entered data and wait until termination of transaction.

Payment for transferring funds from one card to the other one shall not be charged according to the current rates of “PRAVEX BANK” JSC.

Should You have questions, You may contact Information center of PRAVEX BANK over the phone numbers: 0-800-500-450 (free of charge across Ukraine), 380 (44) 201-16-17

* - service is not provided to the holders of corporate payment cards, payment cards of non-residents and holders of multicurrency cards with priority currencies of US Dollar or Euro.  

Transfer from card to card

Legal

the Resolution No. 8 of January 2, 2019 “On approving the Regulations on the exercise of the authorised bodies of review and validation documents (information) on foreign currency transactions” https://zakon.rada.gov.ua/laws/show/v0008500-19

Resolution No. 5 January 2, 2019 “On approval of the Regulations on protection measures and determination of the procedure for performing certain operations in foreign currency” https://zakon.rada.gov.ua/laws/show/v0005500-19

Decree No. 2 of January 2, 2019 “On approving the Regulations on the implementation of operations with currency values” https://zakon.rada.gov.ua/laws/show/v0002500-19

the LAW of UKRAINE «On the currency and currency transactions” https://zakon.rada.gov.ua/laws/show/2473-19