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How to send money to Russia

The safest and most cost-effective ways of sending money to friends and family in Russia.

If you are ready to send money to family, friends or colleagues in Russia, you don’t want to have to deal with a lot of hassle and unnecessary expense. Sending money from Germany to Moscow, Saint Petersburg or anywhere else can be easy and affordable when you compare the transfer fees and exchange rates of the many options available to you.

Send money to Russia with XE

XE bietet schnelle Überweisungen mit niedrigen Gebühren und eine Reihe von Fremdwährungstools.

  • Send money to 170+ countries
  • Competitive exchange rates that are often better than banks
  • Transfer up to $500,000 online
  • See exchange rates in real-time
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Compare money transfer services to Russia

1 - 5 of 5
Name Product Minimum Transfer Transfer Time Transfer Fee
Wise (TransferWise) - Germany
USD$1
1-2 Tage
Varies
Sparen Sie Geld durch den Mittelkurs und durch eine transparente Gebührenstruktur.
Azimo - Germany
GBP 10
Instant
Varies
Azimo ist bekannt für schnelle Überweisungen, wettbewerbsfähige Preise, niedrige Gebühren und eine große Bandbreite an Zahlungs- und Überweisungsoptionen.
XE Money Transfers - Germany
EUR€0
Same day
EUR€2
XE bietet schnelle Überweisungen mit niedrigen Gebühren und eine Reihe von Fremdwährungstools.
WorldRemit - Germany
USD$1
2 working days
USD$3.99
WorldRemit sendet Geld in über 110 Länder für Bank-zu-Bank-Einzahlungen, Bargeldabholungen oder Handy-Aufladungen.
Revolut - Germany
Revolut - Germany
USD $0
Within minutes
USD $0
Führen Sie von Montag bis Freitag gebührenfreie Überweisungen in über 27 Währungen durch.
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Compare up to 4 providers

Banks versus money transfer services

If your bank handles all of your other financial needs, why not see if it can handle an international transfer to Russia for you as well? Unfortunately, banks are notorious for providing quite dismal exchange rates on international wire transfers, not to mention charging high fees on each transaction.

However, in recent years we have seen the emergence of several online money transfer companies. With expertise in moving funds abroad, these companies offer better exchange rates and lower fees than banks.

Another option is to use a money transfer company with a cash pickup option, such as Western Union or MoneyGram. These two companies offer large worldwide transfer networks and allow your recipient to pick up the cash you send within minutes.

Case study: Vera sends money to Russia

Vera has accepted a job in Germany. Although she loves her new country, Vera still maintains strong ties with Russia, specifically her parents. So when they need money to pay for repairs to their car, Vera offers to send the 1,000 as soon as possible. Instead of accepting the low exchange rate offered by her bank, Vera compares two money transfer companies with cash pickup options to see which one will offer a more affordable solution.

Money transfer company 1Money transfer company 2
Exchange rate1 = 74.50 RUB1 = 74.29 RUB
Transfer fee100
Transfer methodOnline, phoneOnline
Transfer time2 days1 hour
Amount received in RUB for €1,00074,500 RUB74,290.00 RUB

As you can see, although the second transfer company doesn’t charge a transfer fee, the first company’s better exchange rate allows Vera’s family to receive more money.

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How do I compare transfer companies when transferring money to Russia?

  • Exchange rates. What exchange rate does the company offer when converting euros to Russian rubles?
  • Transfer fees. Compare how much each company will charge you for sending your money overseas.
  • Transfer time. How long will it take from the moment you pay for your transfer to the moment your beneficiary gets the cash in their wallet or bank account?
  • Transfer methods. Will you place your transfer online, over the phone, or will you need to visit a branch?
  • Pickup methods. Does the company offer a cash pickup option or transfers directly to bank accounts? If they offer cash pickups, do they have locations convenient for you and your recipient to access?
  • Flexible options. Can you lock in an ideal exchange rate now and transfer the money later, known as a forward contract? Does the institution offer limit orders, which allows you to take advantage of changing market conditions by executing the money transfer when a certain exchange rate is met? Can you schedule recurring payments?
  • Minimum transfer limit. Does a minimum limit apply to all transfers?
  • Customer service. Will you be able to access phone, email and online support if you ever need help with a transaction?
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Steps to send money to Russia

  1. Choose from among the numerous transfer providers who send money to Russia.
  2. Register with the provider of your choice on their website providing your name, address, contact information and date of birth. A valid photo ID will also be required.
  3. Provide your recipient’s name, address and contact details. Depending on the transfer method you may also have to supply their bank account information.
  4. Enter the amount you want to transfer and complete your transaction and save your tracking or receipt number to follow up on the progress of your transfer.
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Foreign exchange rates explained

The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. Russia’s exchange rate is flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

What are my options for sending money to Russia from Germany?

  • Bank-to-bank transfers. Ask your bank about sending an international money transfer to Russia.
  • Online money transfer providers. Compare online transfer companies to see which ones offer transfers to Russia.
  • Money transfer providers with a cash pickup option. Companies like Western Union and MoneyGram offer this service although MoneyGram can only send money in euros or US dollars to Russia.
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Emergency cash transfers in Russia

While sometimes you have the luxury of being able to wait several days for your funds to arrive, there are other times when you need to send your money to Russia as quickly as possible. When you find yourself in such a situation, always remember to check the exchange rate and any fees that apply to your transaction, as urgent transfers will usually cost more. Reading all the details of your transaction before you hand over your money will prevent any nasty surprises in the future.

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Tips for picking up cash in Russia

Picking up cash from a transfer agent in Russia? Follow a few simple steps to ensure that you and your money stay safe:

  • Avoid any areas where crime is known to be a problem.
  • Keep your wallet and/or bag safe and secure at all times.
  • Take a friend along to provide additional security and peace of mind.
  • Don’t flash your cash around in public.
  • Don’t carry large sums of money around for any longer than is absolutely necessary.
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Cash pickup locations in Russia

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