You will need the recipient's full name and bank account details. Depending on how you wish to pay for your transfer, you will also need your bank account or debit/credit card details. Most companies require you to verify your identity before you can begin sending money to Russia. To do this, you will need details from a valid form of ID.
When sending money to Russia, the recipient may receive the money transfer in different ways.
Not all money transfer services send money to Russian bank accounts. For example, WorldRemit only offers a cash pick-up option. TrsnsferWise, OFX and WorldFirst let you send money to Russian bank accounts.
What you need to send money to a Russian bank account.
The information you need to send money to a Russian bank account includes:
Cash transfers to Russia tend to attract higher fees compared to sending money to Russian bank accounts. Some of the top companies that let you send money to cash pick-up locations in Russia include WorldRemit, Azimo and Ria.
What is required for cash pick-up in Russia
You will need to provide the recipient's name and a desired cash pick-up location. The recipient will need to provide a transaction/reference number and a valid form of identity document to collect the transferred cash.
It is possible to top up Russian prepaid mobile phones from overseas using the services of companies such as Azimo and Xoom. Some of the service providers whose phone numbers you may top-up include MTS, Tele2, Motiv and Rostelecom MRF Ural.
The best way to send money to Russia is through a specialist money transfer company directly to a bank account. From most countries worldwide, the best options are TransferWise, WorldFirst and OFX.
The cheapest way to send money to Russia is to transfer it into the receiver's local bank account, also known as a bank account transfer. You might have to pay extra fees if you use your debit or credit card.
Yes, you can send money to Russia via PayPal to pay for goods and services. Russian users may also use their PayPal accounts to send money overseas and to shop online.
Yes, you can wire money to Russia. However, using the services of banks to wire money to Russian bank accounts is typically more expensive when compared to specialist money transfer companies such as TransferWise, WorldFirst, OFX and Currencies Direct.
Yes, it is legal to send money to Russia.
There is no legal maximum limit to the amount of money you can send to Russia. However, the service provider you select might impose some restrictions. For example, TransferWise lets you send up to RUB 50 million to Russian recipient bank accounts, and up to RUB 100,000 to card recipients.