How to Deposit Money on a Card.

Credit cards, like payout cards, have become everyday life for many customers. Ukrainians are no exception. However, questions still arise about how to top up a card, how to do it in Ukraine, and how to do it abroad. How to deposit money on a card also depends on the bank and the location of the customer. 

All these questions have a simple solution algorithm. Therefore, it will be quite easy to understand how to top up a card in Ukraine and how to top up a card abroad. These can be completely different algorithms. 

In general, topping up a card is one of the most common financial operations. In this article, we will discuss in detail how to top up a card in Ukraine and Europe in 2024, consider current methods, fees, and limitations.

How can you top up a card in Ukraine? 

Topping up a card in Ukraine happens through a simple method. You can deposit real money into the account or transfer electronic money. In 2024, Ukrainian banks offer a wide range of methods for topping up a bank card. 

What are the most popular methods: 

1. You can top up the account (card) through bank branches. This is a classic method that is suitable for those who prefer personal communication with bank staff. To top up a card, you will need: card number or account details, passport (sometimes they may request it to confirm identity), cash. This method has quite a few advantages. It is an opportunity to get advice from an employee and instant crediting of funds to the card. There are also its drawbacks of topping up a card at a bank branch. After all, there may be queues in the bank, or the branch itself may not be open. 
2. The second, and fairly popular option, may become topping up through an ATM or terminal. Almost all large banks in Ukraine provide the option to top up a card through ATMs with cash acceptance function. To do this, you need to: insert the card into the ATM or specify the card number, select the option 'Top up the card', deposit cash through the banknote acceptor, confirm the operation. This is a simple method that has virtually no disadvantages.
3. Online banking and mobile apps. Services of banks such as PrivatBank, monobank, Oschadbank allow you to top up cards in a few clicks. You can transfer money from another card, bank account, or use a mobile application.

The last option depends on the bank. An example for monobank:

1. Open the app.
2. Go to the 'Top up card' section.
3. Choose the source of the top-up (card or bank account).
4. Confirm the operation.

There is also the option to top up a card through postal service branches. Nova Poshta and Ukrposhta offer banking card top-up services. This is convenient for those who live in remote areas where there is no access to bank branches.

Ways to top up a card in Europe

Another option when a Ukrainian needs to top up a card abroad. For example, in Europe. There are ways, but they have their nuances. They are related to the legislation and banking systems of different countries.

The first method can be international transfers. If you are topping up a card issued by a Ukrainian bank while in Europe, SWIFT and SEPA systems will be suitable.

How to transfer money: 

1. Find out the card details: IBAN, SWIFT code of the bank.
2. Contact a local bank or use online banking.
3. Specify the amount and confirm the transfer.

In this case, you should always consider the fee. It depends on the bank and the system.

The second option is to top up via mobile wallets. In Europe, services like Apple Pay, Google Pay, Revolut, and PayPal are popular. You can link your Ukrainian bank card and top it up through these platforms.

There are also more modern options. For example, P2P transfers. The popularity of P2P transfers (transfers between cards) is rapidly growing. This is one of the most convenient ways to top up a card, available both in Ukraine and Europe.

How it works:

1. Open your bank's app.
2. Select the 'Transfer to card' section.
3. Enter the recipient's card number.
4. Specify the amount and confirm the operation.

Most Ukrainian banks offer instant P2P transfers without fees.

What you need to know about the commission? 

You need to understand that if you need to transfer money, you should always consider the fees. There are also their limits. 

In Ukraine, many banks offer free top-ups through their systems. However, in Europe, additional fees may be charged, especially for international operations. Such transfers also have their limits. Ukrainian banks set daily and monthly limits on card transactions. You can clarify them in the contract or the bank's app.

There are also a couple of tips on how to safely top up your own card (or another client's card):

1. Avoid suspicious terminals. Only use official devices belonging to banks. It is better to use verified terminals where you have successfully topped up a card before. 
2. Check the details. Before the transfer, ensure the card number is entered correctly. Usually, if you are topping up a card from one bank, the client's initials may be displayed. 
3. Use two-factor authentication. This will help protect your money. Don’t forget about the safety (of yourself and the client whose card the money is being transferred to). 

Topping up a bank card in 2024 is a convenient and safe process if you follow basic rules. Ukrainian and European banks offer many methods that suit different situations. Choose the one that is most convenient for you, considering fees, limits, and the specifics of each country.

You must always consider the fees. They can be higher or not at all, because it all depends on the bank. Some banks 'take' exactly this, that there is no commission for topping up the card. 

Topping up a card abroad may also have its nuances. Because, in addition to the fees, there may also be a separate procedure and deadlines for its execution. All these nuances should be considered if large sums are being transferred.