How to transfer funds to a Monobank card

Transferring money from Canada to Ukraine is a pressing issue for many Ukrainians living abroad. Transferring funds to a Monobank card, one of the most convenient and widespread mobile banks in Ukraine, is particularly popular. There are several reliable and cost-effective ways to transfer money, which differ in speed, fees, and ease of use. In this article, we will look at the most popular methods, their advantages, and step-by-step instructions.

1. Transfer via Wise (formerly TransferWise)

Why Wise?

Wise is an international money transfer service known for its low fees, favorable exchange rates, and fast transfers. Thanks to its transparency and convenience, it has become one of the most popular ways to send money from Canada to Ukraine.

How to make a transfer?

  1. Register at wise.com or download the Wise app to your smartphone.
  2. Enter the amount you want to send.
  3. Select the recipient's currency — Ukrainian hryvnia (UAH).
  4. Enter the details of your Monobank card (card number or IBAN).
  5. Pay for the transfer from your Canadian card or bank account.
  6. The money usually arrives within a few hours, sometimes within 1-2 days.

Advantages of Wise

  • Low commission.
  • Favorable exchange rate.
  • Convenient interface.
  • Ability to track transfers in real time.

2. Transfer via PaySend

Features of PaySend

PaySend is a service that allows you to quickly and easily transfer money directly to the recipient's card. It supports transfers from Canada to cards in Ukraine, including Monobank.

How to make a transfer?

  1. Go to paysend.com or install the mobile app.
  2. Register, select Canada as the sending country and Ukraine as the receiving country.
  3. Enter the 16-digit Monobank card number.
  4. Pay for the transfer from your Canadian card.
  5. The commission is fixed at approximately 2 CAD.
  6. Transfers are usually received instantly or within 15 minutes.

Advantages of PaySend

  • Simple and fast procedure.
  • Fixed low commission.
  • Transfers directly to the card.

3. Transfer via Western Union or MoneyGram

Features

These systems allow you to send money both online and through agent locations. Funds can be received in cash or to a card.

How to make a transfer?

  1. Create a transfer online on the Western Union or MoneyGram website, or contact an agent.
  2. Select Ukraine as the destination country.
  3. Enter the recipient's details.
  4. Send the control code to Ukraine.
  5. The recipient can collect the money at a bank branch or through Monobank if they link their account.

Advantages

  • Convenient if the recipient does not have a card.
  • Option to receive money in cash.
  • Wide network of delivery points.

Disadvantages

  • Higher transfer cost.
  • You need to receive the money in person or have a linked account.

4. RemitBee — a specialized service for transfers from Canada to Ukraine

Pros:

  • Best exchange rate in Canada, transparent rates, no hidden fees.
  • Zero commission on transfers from CAD 500.
  • Speed — money can be transferred to a card or account in Ukraine in a few minutes, up to 1 business day.
  • Direct partnership with Ukrainian banks, including PrivatBank and A-Bank.
  • Opportunity to receive cashback or bonuses for your first transfer (for example, promo code PRIVAT10 for 10 CAD).

How to make a transfer:

  • Register at remitbee.com or in the RemitBee mobile app.
  • Confirm your identity (verification takes a few minutes).
  • Enter the amount, select the recipient's currency (UAH) and payment method (bank account, Visa Debit, Mastercard, Interac E-transfer).
  • Provide your Monobank card details or IBAN.
  • Pay for the transfer.
  • The transfer may be credited automatically to your card or via the PrivatMoney system (for PrivatBank — instantly, for other banks — up to 1 day).

Additional benefits:

  • For amounts over CAD 500 — the transfer is free, for smaller amounts — a minimum commission.
  • You can transfer up to UAH 29,999 or USD 1,000 per transaction, for PrivatBank — up to UAH 399,999 or USD 10,000 per month.
  • Chat support, security guarantee, and transfer insurance.

5. SWIFT transfer to a Monobank IBAN card

Features

A SWIFT transfer is an official international bank transfer made through banks.

How to make a transfer?

  1. Get the SWIFT details in the Monobank app (in the card menu → Top up → SWIFT).
  2. Send the details to your Canadian bank.
  3. Create an international transfer through the banking service.

Advantages

  • Official and secure method.
  • Suitable for large amounts.

Disadvantages

  • High commission (sometimes $30–50).
  • Long transfer time — 3-5 days.

Additional tips

  • Check the transfer limits at your bank. Some banks limit the maximum transfer amount without additional procedures.
  • Take into account the exchange rate and fees. Even small differences can significantly affect the amount received by the recipient.
  • Choose trusted services. This guarantees the security and speed of the transfer.
  • Use mobile apps from banks and services. This is convenient and allows you to monitor transactions in real time.

Conclusion

There are several convenient and reliable ways to transfer funds from Canada to a Monobank card in Ukraine:

  • Wise — favorable exchange rate and low fees.
  • PaySend — fast transfers directly to the card.
  • Western Union/MoneyGram — option for cash transfers.
  • RemitBee — one of the most cost-effective and fastest options for transfers from Canada to Ukraine, especially for amounts over CAD 500, thanks to zero fees, partnerships with Ukrainian banks, and the possibility of receiving cashback for the first transfer.
  • SWIFT transfers — the official banking method for large amounts.

Choose the method that best suits your needs, considering speed, cost, and convenience. Using modern online services makes the transfer process simple and accessible, even without leaving your home.