PrivatBank announced a significant reduction in tariffs for international transfers via Privat24 from currency cards, providing clients with more favorable conditions for cross-border financial transactions.
Profitable international transfers
Rates halved
From August 15, 2024, PrivatBank introduces new, more attractive conditions for international transfers through the Privat24 system. The commission for such operations is reduced from 2% to 1%, which makes the service much more accessible to clients.
Promotion period
The updated tariffs will be valid for six months - from mid-August 2024 to February 15, 2025, giving customers enough time to make profitable international transfers.
Transfer process
To perform an international transfer, clients have two options: using the mobile application or the web version of Privat24. You must select the “Transfer to card” option, then either use the existing template or enter the details of the recipient’s foreign card. After specifying the transfer amount, all that remains is to confirm the transaction.
Conditions and restrictions
International transfers are possible exclusively from PrivatBank currency cards in US dollars or euros. There are limits on the transfer amount: minimum - the equivalent of 10 US dollars, maximum - the equivalent of 29,999 hryvnia. In addition, there is a monthly limit on the total amount of transfers abroad - the equivalent of 100,000 hryvnia per client.
Previous promotions
It is worth noting that PrivatBank has already carried out a similar promotion to reduce tariffs for international transfers earlier this year year - from February to April 2024.
Glossary
- Privat24 - PrivatBank online banking system for financial transactions
- PrivatBank is the largest commercial bank in Ukraine
- P2P - peer-to-peer technology used for direct transfers between cards
- USD - US dollar currency code
- EUR - Euro currency code
Links
Answers to questions
What changes have occurred in the tariffs for international transfers to Privat24?
How to make an international transfer through Privat24?
From which cards can I send international transfers through Privat24?
What are the restrictions on the amount of international transfer through Privat24?
Have there been any reductions in tariffs for international transfers to Privat24 before?
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Discussion of the topic – PrivatBank reduces tariffs: international transfers have become more accessible
PrivatBank announced a halving of tariffs for international transfers from currency cards, making the service more accessible to clients.
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Marta
Wow, this is news! 😮 Privatbank has reduced the commission for international transfers by half. Now you can send money to your family abroad much more profitably. Has anyone already used this service?
Luca
Yes, Marta, I just recently sent money to my sister in Italy through Privat24. The process is simple, but the commission stings. Now it will be much more pleasant 👍 Although the limit of 29,999 UAH is a little annoying, I usually need to transfer more.
Sophie
Luca, have you tried splitting the amount into several transfers? 🤔 I do this when I send money to my parents in France. By the way, it’s great that you can use both dollars and euros!
Hans
Sophie, good idea with the breakdown of the amount! 💡 Does anyone know why the promotion is valid until February 15, 2025? Maybe they are planning something even more profitable later?
Viktor
It's all nonsense. Why are these international transfers needed at all? Only money is flowing out of the country. It would be better to do something useful, rather than come up with new ways to extract currency.
Elena
Viktor, why so negative? 😕 Many people work abroad and support their families. This is a great opportunity for them! Hans, maybe this is a trial period? If the service is popular, they may make it permanent.
Pablo
Elena is right! 👏 I’m thinking about using this service to send money for my nephew’s studies in Spain. By the way, does anyone know how long the translation takes? It's not instantaneous, perhaps?
Marta
Pablo, when I sent it to a friend in Poland, the money arrived within 24 hours. Pretty fast! 🚀 As for the permanent tariff, that would be great. Maybe we should write to Privatbank with such a proposal?