PrivatBank has changed the terms and conditions for international money transfers through August 31

25 June 12:55

PrivatBank has extended its preferential rates for international card transfers via “Privat24.” Ukrainians will be able to receive money from abroad and send funds to foreign cards at lower rates until the end of summer. This was reported by the bank’s press service, according to "Komersant Ukrainian"

The reduced fees will remain in effect until August 31, 2026. The commission for certain international transfers has been reduced to 1% of the transaction amount.

What fees will apply through the end of August

Until August 31, the bank’s customers will be able to take advantage of the following preferential terms:

transfers from a foreign bank card to a PrivatBank card — 1% of the amount instead of the standard 1.5%;
transfers from a PrivatBank foreign currency card to a foreign card — 1% instead of 2%;
the minimum fee for sending funds abroad is 50 UAH.

Thus, the fee for transfers from a PrivatBank foreign currency card abroad has been cut in half.

How much will a transfer from abroad cost?

If a customer receives money from a foreign bank card to a PrivatBank card, the fee will be 1% of the amount.

For example:

for a transfer of 1,000 UAH, the fee will be 10 UAH;
for 5,000 UAH — 50 UAH;
for 10,000 UAH — 100 UAH;
for 20,000 UAH — 200 UAH.

Under the standard rate, the bank would charge 1.5% of the transaction amount.

Therefore, when transferring 10,000 UAH, the customer will pay 100 UAH instead of 150 UAH.

How much will an international transfer cost?

When transferring money from a PrivatBank foreign currency card to a foreign bank card, the fee will be 1% of the amount, but no less than 50 UAH.

This means that for small transfers, the fee will still be at least 50 UAH.

For example:

a transfer equivalent to 1,000 UAH — 50 UAH fee;
3,000 UAH — 50 UAH fee;
5,000 UAH — 50 UAH fee;
10,000 UAH — 100 UAH fee;
20,000 UAH — 200 UAH fee.

The standard fee is 2% of the amount, but no less than 50 UAH.

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Which cards can be used to send money abroad

International card transfers from Ukraine can be made using PrivatBank foreign currency cards.

These are cards with accounts opened:

in U.S. dollars;
in euros.

Sending such transfers from hryvnia cards may not be available due to currency restrictions and rules governing international transactions.

Before confirming the payment, “Privat24” displays the commission amount and the total amount to be debited.

How to receive a transfer from a foreign card

To transfer funds from a foreign bank card to a PrivatBank card, you need to:

Open the Privat24 mobile app or web version.
Go to the “Transfer” or “Transfer to Card” section.
Enter the details of the foreign bank card.
Select the PrivatBank card to which the funds should be transferred.
Specify the transfer amount.
Check the fee and confirm the transaction.

The foreign bank may also charge its own fee or require additional transaction verification.

How to Transfer Money to an International Card

To send funds from a PrivatBank foreign currency card abroad, you must:

Log in to “Privat24.”
Select the “Transfer” or “To Card” menu.
Enter the recipient’s card number abroad.
Select the foreign currency card from which to debit the funds.
Specify the amount.
Check the fee and confirm the transfer.

If the card has already been used for transfers, you can select it from a saved template.

Does the discount apply to all cards?

PrivatBank offers preferential fees for international transfers via “Privat24.” However, for certain promotions involving Mastercard cards, additional conditions may apply regarding the payment systems of the sender’s and recipient’s cards.

Therefore, before making a transaction, you should check: