Contact
Contact is a technology for transferring money funds between individuals based on the system of correspondent relations between banks taking part in settlements. Transfers are performed in compliance with a simplified procedure without opening individual accounts. These will be convenient for seasonal workers, students, immigrants sending money to their relatives and close ones, tourists who don’t have accounts with local banks, or those who has faced the need to urgently transfer or receive money.
Modern software is used for performing the settlements developed for supporting private bank transfers via correspondent accounts.
The constantly growing network of corresponding banks and their affiliates already provide for performing transfer exchanges between 73 countries of the world (including the countries of CIS, Europe, Northern and Southern Americas).
Main advantages of performing private bank transfers via Contact network:
- Low commission charge on the Sender (standard commission comprises 3 % when transferring foreign currencies);
- High speed of bank money transfers: from 4 to 24 hours;
- No expenses for the Receiver – the Receiver shall receive the Transfer in full with no commission to be paid;
- Simplicity of execution both for Receiver and Sender.
In the framework of performing transfers via Contact network the correspondent network of “Bank Anelik” Ltd is available.
Any customer may receive a transfer not exceeding the below amounts without opening a current currency account:
- Equivalent of 50,000 Hryvnias for non-residents;
- USD 3,000 for non-residents.
When receiving transfers exceeding the aforementioned amounts customers will have to open current accounts; current accounts will be opened free-of-charge.
Tariffs for services rendered to individuals when receiving/sending money transfers through the Contact system in EURO and US dollars
| No. | Service | Service description | Tariff’s category | Tariff for the service | VAT |
| Money transfer system “CONTACT” | |||||
| 1 | Sending a bank money transfer through MTS “Contact” in EURO and US dollars | Allocation of commission: commission of “Russkiy Slavyanskiy Bank” CB – 2 %; commission of “UKRSIBBANK” JSIB – 1 % | Single | 3 % from the amount of transfer*, paid in the currency of the transfer | no VAT |
| 2 | Pay-out of money transfer through MTS “Contact” in EURO and US dollars | When making the amount of received money transfer available on the correspondent’s NOSTRO account with “Russkiy Slavyanskiy Bank” CB. Included in the cost of sending the transfer (paid by the sender). | Single | 1.0 % from the amount of transfer, paid in the currency of the transfer | no VAT |
| 3 | Opening a current account in foreign currency | A current account is designated for paying to clients amounts exceeding the equivalent of USD 3,000 (UAH 50,000 for non-residents) | Single | Included in the transfer’s commission | no VAT |
| 4 | Pay-out of funds from the current account (pay-out of the transfer) in foreign currency | Single | Included in the transfer’s commission | no VAT | |
*-when sending transfers to be paid out by the affiliates of “Investbank” JSCB, commission for the transfer comprises 2 % from the amount of the transfer; when sending transfers to be paid out by the affiliates of MONEYPORT LTD, commission for the transfer comprises 4 %. Nevertheless, the commission of “UkrSibbank” remains permanent and comprises 1 % from the amount of the transfer.
For more information please call: 8 800 5005 800 (toll-free number on the territory of Ukraine).
