Tips for Sending Money to Russia

Information verified correct on February 21st, 2017

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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Rates last updated February 21st, 2017

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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:

  • Buying property abroad
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  • Regular overseas payments
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Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Wyre International Money Transfers
No transfer fees for finder... No transfer fees for finder.com readers. Make transfers with Bitcoin.
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.
USD 500 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
WorldRemit International Money Transfers
Fast... Fast, low-cost transfers to 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
TransferWise International Money Transfers
Enjoy high maximum transfers into ... Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
OFX International Money Transfers
Send safe... Send safe, no-limit transfers with no fees and competitive exchange rates.
USD 150 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
Payoneer International Money Transfers
Ideal for worldwide business payments ... Ideal for worldwide business payments to more than 200 countries and 150 currencies.
USD 20
Online
Rates are always
changing, click to check
your price today
Go to site More
RIA Money Transfer
No fees for bank account ... No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries.
3 - 5 days
Online
Rates are always
changing, click to check
your price today
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HiFX International Money Transfers
Transfer money into 20 currencies ... Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.
USD 100 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
Moneycorp Exchange Experts
Full-service specialist offering competitive exchange ... Full-service specialist offering competitive exchange rates on personal international money transfers.
USD 50 1 day
OnlinePhone
Rates are always
changing, click to check
your price today
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TorFX International Money Transfers
No hidden fees and a ... No hidden fees and a best rate guarantee for 60 global currencies.
USD 150 1 day
OnlinePhoneAgent
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changing, click to check
your price today
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Wells Fargo Bank
While more expensive than other ... While more expensive than other options, securely send money to 13 Latin American and Asian countries.
USD 1 1 day
Online
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changing, click to check
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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.

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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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US International Money Transfers Offers

Learn about our information service
HiFX International Money Transfers

Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

WorldRemit International Money Transfers

Fast, low-cost transfers to 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.

TransferWise International Money Transfers

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

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