Sign in to follow this  
Followers 0
jplusn

money transfer from Russia

27 posts in this topic Register to Ask a Question

I spent several hours yesterday browsing through forums and learning about funds transferring b/w countries. It seems like the best option is Custom House. BUT...

I tried to sign up and ran into a problem "We are able to send funds to Russia, but cannot receive from."

Has any one had experience with other funds transferring options between Russia and US? Is it possible to transfer funds from the Russian bank to the bank in the US directly?

Thanks in advance for your help!

Share this post


Link to post
Share on other sites
I spent several hours yesterday browsing through forums and learning about funds transferring b/w countries. It seems like the best option is Custom House. BUT...

I tried to sign up and ran into a problem "We are able to send funds to Russia, but cannot receive from."

Has any one had experience with other funds transferring options between Russia and US? Is it possible to transfer funds from the Russian bank to the bank in the US directly?

Thanks in advance for your help!

If the Russian bank has a correspondent bank here in the US (most should or at least the larger ones should) then it is possible to do a bank to bank transfer via SWIFT....

Edited by payxibka

Share this post


Link to post
Share on other sites
I spent several hours yesterday browsing through forums and learning about funds transferring b/w countries. It seems like the best option is Custom House. BUT...

I tried to sign up and ran into a problem "We are able to send funds to Russia, but cannot receive from."

Has any one had experience with other funds transferring options between Russia and US? Is it possible to transfer funds from the Russian bank to the bank in the US directly?

Thanks in advance for your help!

Yes you can make wire transfers but they tend to be expensive. We transferred my wife's funds after she arrived by simply withdrawing the money from an ATM here, in US Dollars, of course. We still have the account in Ukraine and can still deposit or withdrawl funds from it here by ATM

Share this post


Link to post
Share on other sites
I spent several hours yesterday browsing through forums and learning about funds transferring b/w countries. It seems like the best option is Custom House. BUT...

I tried to sign up and ran into a problem "We are able to send funds to Russia, but cannot receive from."

Has any one had experience with other funds transferring options between Russia and US? Is it possible to transfer funds from the Russian bank to the bank in the US directly?

Thanks in advance for your help!

If the sums of money are not terribly high, the obvious way is Western Union. Not cheap but safe and efficient.

Share this post


Link to post
Share on other sites

I've been told that the Citibank in Russia is not affiliated with what we know as Citibank.

You should be able to just do a straight wire transfer though, between banks. Contact your bank here in the US, and find out exactly how their bank name appears for transfers and the exact address to use. Also get the SWIFT Code. Provide all of this information plus your account number to your mother-in-law in Russia, or whoever will be facilitating the transfer on that end, and have them initiate the transfer from their bank. It's really pretty easy, and cheaper than Western Union.

Share this post


Link to post
Share on other sites

western union rips people off. moneygram is good to use. but depends on funds.. atm works fast and easy and you also get converted to usa funds

wire is best to move larger amounts to usa at one time. swift address and partner bank the bank that has money in can give you wiring instructions to usa. super easy and actually cheeper than western union

Share this post


Link to post
Share on other sites
Citibank should have a branch in Moscow and other major Russian cities.
Citibank USA does NOT have any branches in Russia. Russian Government does not allow foreign banks to have branches in Russia.

The CitiBank you are referring to is a Russian bank, and completely separate from Citi Bank USA.

Edited by Oksana81

Share this post


Link to post
Share on other sites

Wire transfer is not that expensive.

We did this a short time ago from Moscow and we paid around .25% of the total amount. I can't remember the Moscow bank but we sent it to an account that I set up online with Chase since I already had c.c. accounts with them and the Swift code was all they needed in addition to the account number.

One thing to keep in mind that a lot of people don't know about yet; Russian citizens can only wire tranfer out of Russia $5000 per day, but a foreigner can do any amount. :thumbs:

Share this post


Link to post
Share on other sites
Back to Top ↑
Didn't find the answer you were looking for? Try asking our VJ Immigration Lawyers.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0


Important Disclaimer: Please read carefully the Visajourney.com Terms of Service. If you do not agree to the Terms of Service you should not access or view any page (including this page) on VisaJourney.com. Answers and comments provided on Visajourney.com Forums are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Visajourney.com does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. VisaJourney.com does not condone immigration fraud in any way, shape or manner. VisaJourney.com recommends that if any member or user knows directly of someone involved in fraudulent or illegal activity, that they report such activity directly to the Department of Homeland Security, Immigration and Customs Enforcement. You can contact ICE via email at Immigration.Reply@dhs.gov or you can telephone ICE at 1-866-347-2423. All reported threads/posts containing reference to immigration fraud or illegal activities will be removed from this board. If you feel that you have found inappropriate content, please let us know by contacting us here with a url link to that content. Thank you.