money transfer from Russia

[jplusn 0]

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!

[English Muffin 59]

Moving from 'Effects of Major Changes' forum to Russia regional forum.

[payxibka 10,044]

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 January 4, 2010 by payxibka

[SMR 368]

http://www.visajourney.com/forums/index.php?showtopic=224121

This thread has some good discussion about bringing money from Russia. It's all a question of what type of sum you are talking about.

[Gary and Alla 3,694]

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

[visaveteran 1]

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.

[Waitinggent 2]

Citibank should have a branch in Moscow and other major Russian cities.

[mox 298]

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.

[Martyshk 137]

I've personally used Western Union and PayPal.... they charge fees, but it ain't so bad

[leith@Ievgeniia 8]

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

[slim 1,514]

Do it straight up Russian style, big stacks of Benjamins taped to your midsection!

[sivad 0]

Do it straight up Russian style, big stacks of Benjamins taped to your midsection!

[Neonred 3,446]

Do it straight up Russian style, big stacks of Benjamins taped to your midsection!

If you try this what would be the appropriate payoff when going through the security pat down?

[Oksana81 0]

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 January 8, 2010 by Oksana81

[lee08 0]

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.