Hi. I live in Ukraine and work for an american company as a programmer. I receive money via a wire transfer every month, in addition to the 10% transer fee I am faced with ridiculous policies every time. The bank I'm using requires all money to be exchanged to UAH on every transfer, using a very low exchange rate. If I then need dollars, the only option is to exchange the money back but this time using a crazy high exchange rate. In the end I lose about 35% on every transfer and deal with lots of pain in the butt that comes with it.
I'm not experienced with this kind of stuff, but I imagine there must be a better way to receive money. Perhaps it would be possible to create a bank account in the US or Europe and then withdraw the cash at 1-2% fee? I would really appreciate any suggestions.
Thanks.
