Send Money to Russia Cheaply

Information verified correct on October 27th, 2016


Find a reliable and affordable way to send an international money transfer to Russia.

The history of Australian-Russian relations can be traced back to 1807 and the arrival of the Russian warship Neva in Sydney. Today, there are almost 75,000 Australians of Russian ancestry, many of whom still maintain strong links with Mother Russia.

If you ever need to send an international money transfer from Australia to Russia, perhaps to provide financial support to friends or family, there are several banks and money transfer companies who can help. But if you don’t compare your options and shop around for good value, your international transfer could end up costing you a whole lot more than it should.

Compare Money Transfer Services

Rates last updated October 27th, 2016
Description Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
TorFX International Money Transfers
TorFX International Money Transfers
TorFX guarantee to beat any competitor's exchange rate for a transaction
Conditions apply
AUD 200 1 day Online, Phone, Agent Go to site More
Western Union International Money Transfers
Western Union International Money Transfers
Send money online to friends and family around the world with Western Union. AUD 1 Same day Online, Phone, Agent, Bank Account to Bank Account, Cash Transfer, International Money Order Go to site More

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

They can help you with all your needs including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

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Banks versus money transfer services

If your bank handles all of your other financial needs, why not see if it can handle an international transfer to Russia for you as well? Unfortunately, banks are notorious for providing quite dismal exchange rates on international wire transfers, not to mention for charging high fees on each transaction.

The banks offer such a raw deal on international money transfers that recent years have seen the emergence of several online money transfer companies. With expertise in moving funds abroad, these companies, such as TorFX, offer better exchange rates and lower fees than the banks. There are plenty of other reputable online transfer providers available - you can find a list of them at - but many of them don’t offer any support for Russian Rubles.

Another option is to use a money transfer company with a cash pickup option, such as Western Union or MoneyGram. These two companies offer large worldwide transfer networks and allow your recipient to pick up the cash you send within minutes.

Case study: Vera sends money to Russia

Vera has received a job posting in Australia and after working here for six months, she’s decided she will one day apply to become a permanent resident. Although she loves her new country, Vera still maintains strong ties with her homeland, specifically her parents. So when they need money to pay for repairs to their car, Vera offers to send the $1,000 as soon as possible. Instead of accepting the low exchange rate offered by her bank, Vera compares two money transfer companies with cash pickup options to see which one will offer a more affordable solution.

Money transfer company 1Money transfer company 2
Exchange rate1 AUD = 0.669792 USD1 AUD = 0.67269 USD
Transfer fee$60$25
Transfer methodCash pickupCash pickup
Transfer time10 minutes1 hour
Amount received (in USD) $669.79$672.69

As you can see, Vera’s parents will have to convert the US Dollars she sends into Russian Rubles. The second transfer company can save Vera $35 in transfer fees and also allow her parents to receive a few extra US Dollars.

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How do I compare transfer companies when transferring money to Russia?

  • Exchange rates. What exchange rate does the company offer when converting Australian Dollars to Russian Rubles, or possibly into Euros or US Dollars that your recipient can then convert into Rubles?
  • Transfer fees. Compare how much each company will charge you for sending your money overseas.
  • Transfer time. How long will it take from the moment you pay for your transfer to the moment your beneficiary gets the cash in their wallet or bank account?
  • Transfer methods. Will you place your transfer online, over the phone, or will you need to visit a branch?
  • Pickup methods. Does the company offer a cash pickup option or transfers directly to bank accounts? If they offer cash pickups, do they have locations convenient for you and your recipient to access?
  • Flexible options. Can you place forward contracts and limit orders, or perhaps schedule regular payments, to provide extra convenience?
  • Minimum transfer limit. Does a minimum limit apply to all transfers and will you be able to exceed it?
  • Customer service. Will you be able to access phone, email and online support if you ever need help with a transaction.
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How do I send money to Russia from Australia?

  • Bank-to-bank transfers. Ask your bank about sending an international money transfer to Russia.
  • Online money transfer providers. Compare online transfer companies to see which ones offer transfers to Russia.
  • Money transfer providers with cash pickup option. Companies like Western Union, MoneyGram and Xpress Money offer this service.
  • International money order. Ask your bank if they can provide you with an international bank draft.
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Emergency cash transfers in Russia

While sometimes you have the luxury of being able to wait several days for your funds to arrive, there are other times when you need to send your money to Russia as quickly as possible. When you find yourself in such a situation, always remember to check the exchange rate and any fees that apply to your transaction, as urgent transfers will usually cost more. Reading all the details of your transaction before you hand over your money will prevent any nasty surprises in the future.

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Cash pickup locations in Russia/ Western Union / MoneyGram branches in Russia

If you want to send a cash transfer to Russia, Western Union and MoneyGram both offer plenty of agent locations throughout Russia. Some popular cash pickup locations are listed below, but tell your beneficiary to confirm addresses and opening hours before visiting. Taking along a transaction tracking number and photo ID is also essential.

Western Union


  • MTC Bank
    Москва, 129010
    Open 9:30am to 8pm Monday to Friday, 9:30am to 3pm Saturday
  • ВТБ 24
    Красная Пл., 3
    Москва, 109012
    Open 10am to 10pm seven days

St Petersburg

  • BelarusBank
    Leninskaya Ul 2
    Krasnopole, 213560
    Open 8:30am to 7pm Monday to Friday, 8:30am to 4pm Saturday
  • MTC Bank
    Сенная Пл., 5
    Санкт-Петербург, 190031
    Open 9am to 10pm Monday to Friday



  • MTS
    Menzhinskogo Dom 36 Korpus 2
    Moskva G
    Open 9am to 9pm seven days
  • MTS
    Pyatnitskoe Sh 39
    Moskovskaya Obl
    Moskow G,
    Open 10am to 10pm seven days

St Petersburg

  • MTS
    Nauki Pr-Kt Dom 14
    Sankt-Peterburg G
    Open 9am to 10pm seven days
  • Bank Viking
    Nevskiy Prospekt 35
    Saint-Petersburg, 191011
    Open 10am to 10pm seven days
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Tips for picking up cash in Russia

The Department of Foreign Affairs and Trade recommends that Australian visitors to Russia “exercise a high degree of caution”, explaining that petty crime, pickpocketing and mugging are all common problems in high tourist areas. With this in mind, make sure to exercise extreme caution when picking up a cash transfer in Russia. Only visit a transfer agent in an area where you feel safe and make sure to stay aware of your personal security at all times. Don’t display your money in public and leave it somewhere safe (rather than carrying it around) as soon as possible.

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How to send money to Russia

As you can see, there are several options at your disposal when you need to send money to Russia. Transfer processes will vary depending on the provider you choose, but you will usually have to provide your name, address, contact details and proof of ID before you can send a transfer.

Next, you’ll need to supply your recipient’s information, such as their name and contact details, and in some cases their bank account information. Once you’ve explained how much money you would like to transfer and in which currency, you can pay for your transfer and wait for the funds to be sent to your beneficiary.

You will also usually be given a tracking number to allow you to check up on the progress of your transfer.

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