|Minimum Age||18 years|
If you have a UK based current account, you have two options:
Use an international money transfer company
Send a bank transfer to Russia, also known as SWIFT
This comparison shows you the costs of using a money transfer company to transfer to Russia.
To find out the cost of sending money through your bank, contact them and ask what their SWIFT fee is.
It is a specialist service that lets you send money abroad without going to your bank.
Most money transfer companies let you transfer money to Russia 24 hours a day. However, transfers made on the weekend are usually processed the next working day.
This is still more flexible than using your bank, which usually only lets you send money during working hours (e.g. 9am - 5am).
Depending on the company you choose, you could:
Send a one-off transfer: This is the standard way to send money to Russia, allowing you to send one transfer when you want to.
Set up regular transfers: This option could save you money if you plan on sending money to Russia several times over the next 6 to 12 month.
Check with each company to see if they offer these services, then compare the costs between them to find the cheapest option.
Most take three to five working days, although they can take up to two weeks. Check with the transfer company before you send your money.
They deduct their costs from the interbank rate (the rate banks use to exchange currencies with one another) to give you a personalised rate.
Some transfer companies only let you send money to an account in your own name. Check this before sending your money to avoid any delays.
Yes, your money is kept separate to a transfer company's operational money, meaning you have a better chance of getting your money back if they go bust.
We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.
You do not pay any extra and the deal you get is not affected.
Last updated: 12 October, 2021
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