How to send money to Russia

Find a reliable and affordable way to send an international money transfer to Russia.

When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Sending money from the United States to Russia doesn’t have to be expensive. Compare the transfer fees and exchange rates of the many options available to you to get the most Russian rubles for your dollar.
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  • Get even better exchange rates with forward contracts and limit orders.
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    Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

    With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

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    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    World First Foreign Exchange
    USD 1,000 1 day USD 0.00 59.388 Online RUB 296,942 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.
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    OFX International Money Transfers
    USD 150 1 day USD 0.00 59.359 Online, Bank Account to Bank Account RUB 296,793 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site View details
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    Sending money to Russia

    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 received a job in the U.S., and after working here for six months, she’s decided she will one day apply to become a permanent resident. Although she loves her new country, Vera still maintains strong ties with her homeland, 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 rate$1 USD = $59.38 RUB$1 USD = $58.624 RUB
    Transfer fee$10$0
    Transfer methodOnline, phoneOnline
    Transfer time2 days1 hour
    Amount received$58,786 RUB$58,624

    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 U.S. dollars 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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    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. For example, in December 2016, the U.S dollar was worth approximately 19 Mexican pesos. However, most countries’ exchange rates are 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 the U.S.?

    • 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, MoneyGram and Xpress Money offer this service.
    • International money order. Ask your bank if they can provide you with an international check or money order.
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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.

    Back to topFind a money transfer location near you

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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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    How to send money to Russia

    As you can see, there are several options at your disposal when you need to send money to Russia. Transfer processes will vary depending on the provider you choose, but you will usually have to provide your name, address, contact details and proof of ID before you can send a transfer.

    Next, you’ll need to supply your recipient’s information, such as their name and contact details, and in some cases their bank account information. Once you’ve explained how much money you would like to transfer and in which currency, you can pay for your transfer and wait for the funds to be sent to your beneficiary.

    You will also usually be given a tracking number to allow you to check up on the progress of your transfer.

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    Cash pickup locations in Russia

    Worldremit

    Rossiysky Capital Bank
    Address: Address: Str. trubnaya, 2 Moscow
    Hours: 9:00 AM – 8:00 PM
    Phone: (+7 495) 775-86-86

    Rossiysky Capital Bank
    Address: Str. b. molchanovka, 21a Moscow
    Hours: 9:00 AM – 8:00 PM
    Phone: (+7 495) 775-86-86

    Star Alliance Bank
    Address: Str. nizhnyaya radischevskaya, 14/2, bld. 1 Moscow
    Hours: 10:30 AM – 5:00 PM
    Phone: (+7 495) 9157893

    Moneygram

    Forbank – OKVKU 0509
    Address: Moscow-Minsk road 338 km Tamozhenniy terminal YARCEVO, 215800
    Hours: 12:00 AM – 11:59 PM
    Phone: 4814372059

    MTS – MTS-Moscow
    Address: OY KM MKAD 8-3/2 MOSCOW,
    Hours: 8:00 AM – 8:00 PM
    Phone: (+7 495) 7777710

    MTS – Msk Novoslobodskaya 03
    Address: Novoslobodskaya dom ? 24 korpus 1 Moskva g MOSKVA G,
    Hours: 9:00 AM – 9:00 PM
    Phone:(+7 495) 7108606

    Western Union

    Почта России
    Address: Никольская Ул., 7 Москва, 109012
    Hours: 8:00 AM – 8:00 PM
    Phone: +7-495-6983261

    МегаФон Ритейл
    Address:Красная Пл., 3 Москва, 109012
    Hours: 10:00 AM – 10:00 PM
    Phone: +7-495-5077777

    ПРОМТРАНСБАНК
    Address: Моховая Ул., 11, Стр. 13 Москва, 125009
    Hours: 9:00 AM – 6:00 PM
    Phone: +7-495-9950900

    Worldremit

    Uralsib Bank
    Address: Str. inzhenernaya 9 St Petersburg
    Hours: 9:30 AM – 5:30 PM
    Phone: (+7 812) 326-42-18

    Rossiysky Capital Bank
    Address: Sredniy prospekt vo, 36/40 St Petersburg
    Hours: 9:00 AM – 8:00 PM
    Phone: (+7 812) 610-12-15

    SKB-Bank
    Address: Ave. moskovskiy, 2/6 St Petersburg
    Hours: 9:00 AM – 7:00 PM
    Phone: (+7 812) 332-09-82

    Moneygram

    MTS – Spb Prazhskaya 01
    Address: Prazhskaya Ul Dom ? 48/50 Korpus A Sankt-Peterburg G Sankt-Peterburg G
    Hours: 10:00 AM – 10:00 PM
    Phone: (+7 495) 710-86-06

    MTS – Spb Kolontaj 03
    Address: Kollontaj Ul Dom ? 3 Korpus A Sankt-Peterburg G Sankt-Peterburg G
    Hours: 9:00 AM – 10:00 PM
    Phone: (+7 495) 710-86-06

    MTS – Spb Dolgoozernaya
    Address: Dolgoozernaya Ul Dom ? 14 Korpus 2 Lit A Sankt-Peterburg G Sankt-Peterburg G
    Hours: 10:00 AM – 10:00 PM
    Phone: (+7 495)-710-86-06

    Western Union

    Почта России
    Address: Эньгельса Пр-кт., 58 Санкт-Петербург, 194017
    Hours: 8:00 AM – 8:00 PM
    Phone: +7-812-2937448

    ПИР БАНК
    Address:Малая Садовая Ул., 3/54, Литер. А Санкт-Петербург, 191023
    Hours: 9:00 AM – 9:00 PM
    Phone: +7-812-3325252

    БАЛТИНВЕСТБАНК
    Address:Невский Пр-кт., 44а Санкт-Петербург, 195220
    Hours: 10:00 AM – 7:00 PM
    Phone: +7-812-3242398

    Worldremit

    B&N Bank
    Address: Str. sovetskaya, 12 Nizhny Novgorod
    Hours: 9:00AM – 8:00 PM
    Phone: (+7 831) 2494838

    Uralsib Bank
    Address: Str. belinskogo, 124 Nizhny Novgorod
    Hours: 10:00 AM – 7:00 PM
    Phone: (+7 831) 278-77-61

    Radiotech Bank
    Address: Str. b.pokrosukaya, 75 Nizhny Novgorod
    Hours: 10:00 AM – 6:45 PM
    Phone: (+7 831) 437-99-99

    Moneygram

    Euroset
    Address: Generala Ivlieva Nizhnij Novgorod
    Hours: 9:00 AM – 9:00 PM
    Phone: (+7 831)-277-87-98

    MTS – MTS-Povolzhe
    Address: Revolyutsii Ploschad 9 Nizhnij Novgorod
    Hours: 9:00 AM – 9:41 PM
    Phone: (+7 495)-777-77-10

    Svyaznoy
    Address: Lenina Prospekt 33 Nizhegorodskaya Oblast Nizhniy Novgorod, 603034
    Hours: 9:00 AM – 10:00 PM
    Phone: (+8 800)-700-50-00

    Western Union

    БИНБАНК
    Address: Ленина Пр-кт., 78, П13 Нижний Новгород,
    Hours: 9:00 AM – 6:00 PM
    Phone: +7-831-4675704

    Почта России
    Address:Комсомольская Пл., 10/3 Нижний Новгород, Нижегородская Область 603140
    Hours: 8:00 AM – 8:00 PM
    Phone: +7-831-2517011

    МегаФон Ритейл
    Address:Ленина Пр-кт., 33 Нижний Новгород, Нижегородская Область 603034
    Hours: 9:00 AM – 9:00 PM
    Phone: +7-495-5077777

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    2 Responses

    1. Default Gravatar
      BarbaraApril 19, 2017

      I am trying to find a way to transfer funds (under $1,000) to a business in Moscow. They have given me all their banking information, but I am finding it difficult to find either a US bank or transfer service that will do this. The transfer services all seem set up to transfer to individuals, not companies (this is an international school). Any ideas?
      Thank you

      • Staff
        HaroldJuly 9, 2017Staff

        Hi Barbara,

        Thank you for your inquiry.

        As per checking you already opened the correct page. What you can do next is to compare and review the offer and the availability of the service from money transfer companies listed on section “Compare money transfer services to Russia”. Once you have thoroughly reviewed the offers you can now select the money transfer company that will best fit your personal requirements.

        I hope this information has helped.

        Cheers,
        Harold

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