Find the best way to send money from Russia to the US

Sending money from Russia to the USA can be complicated, confusing and full of hidden fees. Particularly if you use a local Russian bank to send money.

To help you find the best way to transfer your money to the USA, we've reviewed over 30 online money transfer services. Unfortunately, there are only a couple money transfer options to choose from. We list both of them and give you a brief rundown.

Need to send money to Russia from the US instead? Learn more here.

 

Best money transfer companies to send money from Russia to the USA

Western Union money transfer from Russia to the USA

Western Union

Western Union is one of the oldest and largest money transfer companies in the world. They also have lots of different ways you can send money from Russia to the USA. You can send money online, using their app or in-person at one of their locations around Russia. They offer both money transfers into a bank account and a cash collection service.

How much does it cost?

With so many payment options available, it's hard to work out how much it costs without using their online calculator.

The fees you pay and the exchange rate you receive will all change depending on:

  1. The amount you are sending.
  2. How you making the transfer: on an app, online or in-person all have different fees.
  3. How you pay Western Union: fees vary depending on if you use a credit card, a debit card, a bank transfer or pay in a store.
  4. If the person in the United States is receiving into a bank account or in cash.

To get an estimate of the total costs including exchange rates and fees to send money to the USA from Russia with Western Union, click here.

Moneygram

Moneygram is one of the oldest and largest money transfer companies in the world. Like Western Union, they also have lots of different ways you can send money from Russia to the United States. You can also send money online, using their app or in-person at one of their locations around Russia. They offer both money transfers into a bank account and a cash collection service.

How much does it cost?

With so many payment options available, it's hard to work out how much it costs without using their online calculator.

The fees you pay and the exchange rate you receive will all change depending on:

  1. The amount you are sending.
  2. How you making the transfer: on an app, online or in-person all have different fees.
  3. How you pay MoneyGram: fees vary depending on if you use a credit card, a debit card, a bank transfer or pay in a store.
  4. If the person in the United States is receiving into a bank account or in cash.

To get an estimate of the total costs including exchange rates and fees to send money from Russia to the USA with Moneygram, click here.

FAQs to send money from Russia to the USA

Are there any minimum or maximum money transfer limits?

These vary depending on which online money transfer company you use.

For minimum transfer amounts, XE and Wise have no limits. OFX have a minimum of US$150 per single transaction.

For maximum transfer amounts, Wise has maximum limits of US$50,000 for personal accounts. For business accounts they have a maximum limit of US$250,000 in unlicensed states and up to US$1,000,000 in licensed states.

OFX and XE have no maximum transfer amounts. Meanwhile, Xoom has a limit of US$50,000 over 24 hours if you have the required documents.

How do I keep my money online safe when I send it to the USA?

Safety is very important and all of the online companies above take their legal responsibilities very seriously. They take extreme measures to protect the sensitive data you provide them like your personal details and identification. However, it's still better to be safe than sorry. Here are some additional ways you can transfer funds safely:

  • Double check privacy policies and tracking process for your money transfer provider
  • Use a strong, long and unique password with a combination of uppercase and lowercase letters, numbers and symbols when you set-up your account
  • Ensure your money transfer service provides two-factor authentication, including SMS or email-based security code

Do all money transfer companies have a cell phone app?

Yes. When you have an account with any of the online money transfer services highlighted above, you can make transfers through their website, or via their iOS Apple and Android apps. However, some are easier to use than others.

When do I need a Swift or BIC code?

To transfer US dollars (USD) into a local bank account, a swift code or BIC (Bank Identifier Code) is usually required. The Swift code helps identify each bank and the code is unique to the bank. It is a combination of numbers and letters. The major banks are Chase - CHASUS33, Wells Fargo WFBIUS6S, Bank of America BOFAUS3N . Alternatively, you may need the banks ABA routing number. You can use a bank code finder to search or find a SWIFT or ABA routing number.

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General advice: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.

By Justin Rampono Updated June 21st, 2021