Chris....I too used ikobo.....not for a couple months now but I did get same notice as you did. I use moneygram now, it is a little cheaper than western union.
I did wonder about how expensive ikobo really was. So many incremental costs. $1.99 for withdrawals, 1% for exchange fee( when used) and $.99 for monthly fee.
Maybe someone else has another another site.
I wonder if an old fashioned atm card would work for her? they have the visa or mastercard symbol and very low fees. I used mine in an atm while I was there just had to let my bank know where I was going beforehand.
Bowhunter...wait until you see fees for using your atm card for withdrawals. My bank charged $5.00 for each withdrawal. If used like a credit card to pay for dinner, I got a fair rate. One credit card company charged some kind of currency xchange rate charge.
I find this too funny. Here you are dolling out loot to someone halfway around the world and you are trying to find a cheaper way to do it!!! That’s akin to trying to find the best value poker machine in a casino..........if your money is of any value to you, why would you be there in the first place?
There are a number of banks in Ukraine that accept transfers into accounts directly. I do it via internet banking with a foreign transfer. There are usually fees, my bank charges a flat $A20 and the receiving bank usually takes out $us25. These are flat fees and they give me the exchange rate available at the time if I want to compare rates.
I have only used Western Union twice and found them fairly expensive. It depends how much you transfer as the above are flat fees the more sent the less the effective fee.
My wife has an account at Aval bank and it only accepts $US deposits.
The M-inlaw has one of my wifes Eftpos cards from NZ bank. Every so often she uses it when we MAKE her (they hate spending these women) We get her to withdraw at least 2000grv as we get a $7NZ fee charge. The transfer rate is much better than WUnion etc, but I think the NZ bank would not be happy if they knew my wifes card in another hand.
yep martin i have one of those post office cards. i also took out a tuxedo account and left a card with olya so i could send her money while here in uk. if i pay cash onto it she gets it straight away. cheaper than WU but still quite expensive. /pete
Thank you for the suggestions. My plan (being in Australia) is to open a bank account, in this case a Commonwealth Bank savings account with a Mastercard debit card, and then send her the card. I deposit here, and she collects from the ATM there. I'm only sending money to one person, so this account approach should work, provided the card works in the ATMs there -- which is should, being Mastercard. The added benefit, it seems, is that the money is converted once, from AUD to Ukrainian money. iKobo and some bank transfers require currency to be convered to $US, then to local money, which means two conversions and two commissions, unless you are one of our American friends. What do you think?
I think your comment about only sending money to “one” person is hilarious. Not that you’d be interested but I also think you are stark raving mad. Princesses, even FSU Princesses survived long before the White Knights from the West arrived.
Well the reason I have the PO debit card is because my credit card is Latvian, I can use it anywhere in the world except for various online vendors in this poxy (non international mentality) group of islands of ours, 'Barclays' are the problem, they simply cannot online credit check a card that isn't British and so many vendors use Barclays for their online checks.
If I load a minimum of GBP300 at a time on it then it's a surcharge of 1.5% and that has to be cheaper than for a Brit to send money WU because we get stung for WU's exchange rates to dollars, euros etc.
I said above it works.
You will be doing the same as us. But dont tell the Aussie bank that you giving your card to someone else, especialy on the other side of the world. You will need to replace it on expiry, but she will have 2 years use
Chris,, commission i dealt if you will get around such..
look up travelex, they are called "cash passport", they are disposable visa cards, find at any international airport or most citys.. you get two cards for every account you open, send her one of these cards by mail, and give her pin number when she gets it,, you can load these accounts through Internet banking or at different travel or western union places,,, its convenient and safe..
danny: i haven't sent her all that much money, it's just been to help out with our rent. i *should* have been living with her ages ago! but at last i am moving in with her in kyiv on tuesday, flying from gatwick. i can't wait! :-) /pete
Thanks again everyone. Dunromin, there's nothing "hilarious" about this. Have you ever supported a partner or prospective partner? Millions of people around the world do it everyday. It's just that mine happens to be in the Ukraine.
Danny, we first met face-to-face and have spent a lot of time together and living together in Lugansk.
I have another question. She is about to send me a whole heap of documents for our visa. Fedex seems the most reliable service to courier these, but Fedex charges c. A$150 to Australia for up to 500 grams. In contrast, I can forward goods to her using Australia Post's Express Courier International for c. A$50. That service includes tracking. Faced with no option, I would probably go Fedex because, ultimately, the security of these documents is paramount. But if there is a secure alternatives, I would like to know about it. Cheers.