How to send money to Russia
Find out how to transfer money to Russia with the best exchange rate with these 4 steps
1. Check if the RUB exchange rate is in your favor
Sending money on a date when the mid-market is higher than usual means more money arrives. It might be interesting for you to take advantage our smart exchange rate alerts to keep track the evolution of the RUB exchange rate.
2. Compare the 14 money transfer companies available to send money to Russia and find the best one.
There are 14 companies offering money transfer services to Russia, such as TransferGo, TransferWise, Western Union, MoneyGram, Currencies Direct. You will save big by comparing all your options to find the most competitive option for your upcoming money transfer.
3. Pick the best option based on your criteria
Decide if you’re looking for the option with the lowest price, the faster transfer time, best ratings, or a combination of these factors.
It is also interesting to have a look at the pay-in and pay-out methods. Customers often have the choice to transfer the money by wiring the money from your bank account or by cards (credit or debit). To receive the money in Russia, you can decide if your want the amount in RUB to be deposited on a local bank account or available for pick-up in cash at an agent location.
4. Sign up and start your transfer to Russia with the service you selected
The last step is to sign up on the provider's online portal - be ready to upload an ID document and/or a proof of adress - and provide the details of your transfer to Russia.