FAQ About Sending Money to Russia

• What's the cheapest way to send money to Russia?

  The cheapest way to send money to Russia is through an online provider. Among the 8 available, Remitly was most often the cheapest provider (in 74.3% of the searches on Monito.com in the past 3 months).

• What are the best providers to send money to Russia?

  Here are the providers that were the most often the cheapest in the comparisons of the past 3 months on Monito.com:

  • Remitly (cheapest in 74.3% of the searches)
  • Moneycorp (cheapest in 13.9% of the searches)
  • QNB Finansbank (cheapest in 9.9% of the searches)
• How much does it cost to send money to Russia?

  If you send money with the cheapest available provider, the total cost of a transfer to RUB was %COUNTRY_TO_CHEAPEST_PROVIDER_COST%% of the transfer amount (including all fees and exchange rates) over the past month. Of course, this figure will vary based on the sending country, the pay-in and pay-out options

  In contrast, the cost of the most expensive option was %COUNTRY_TO_MOST_EXPENSIVE_PROVIDER_COST%% on average.

• What is the cost of making an international transfer to Russia using my bank?

  The average total cost (including hidden exchange rate markups) of making a transfer to Russia with banks compared by Monito.com during the past months was 12.8% of the transfer amount. This is 3.9x more expensive than sending money with the cheapest online provider alternative.

• Is PayPal a good option for sending money to Russia?

  It’s possible to send money to Russia with PayPal, but it’s expensive. The average cost of transfers to Russia with PayPal is %COUNTRY_TO_PAYPAL_COST%%, whereas the cheapest online services have an average cost of %COUNTRY_TO_CHEAPEST_PROVIDER_COST%% of the amount you send.

• Is Western Union good for sending money to Russia?

  Western Union is a popular provider with the biggest agent location network. The average cost of online money transfers to Russia with Western Union* is 2.0% of the amount you send, whereas the cheapest online services have an average cost of 3.3%. Western Union is the provider that is most often the cheapest for money transfers to a cash pick-up location in Russia.
  
  *Sending money from physical agent locations with Western Union is usually much more expensive than using their online service.

• What's the cheapest cash pick-up provider in Russia?

  Over the past three months, the provider that was most often the cheapest for cash pick-up transfers in Russia was Western Union, with an average cost of 2.0% of the amount you send (which includes fees and exchange rate margins).
  
  The average total cost to send to a bank account rather than a pick-up location during the same period was 3.3%. Remitly was the provider most often the cheapest for transfers to bank accounts in Russia.

• What is the fastest option to send money to Russia?

  The provider that was most often the fastest on Monito's comparisons over the last three3 months was Remitly (average fastest transfer time: Next day)