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Russia Guide: Money
Our money guide provides information on bank accounts, money exchange, credit and debit cards and money transfers. If you need to open a bank account, we will explain how to do it - step by step.
Banks In Russia:
An insight into the Russian banking system
After a number of major difficulties, the Russian banking system is now being reconstructed. As competition grows, the Central Bank is regulating practices and modernizing the financial market.
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Opening An Account:
How to open a bank account in Russia
Opening a bank account in Russia is a simple process. There are branches of major international banks in cities like Moscow and St. Petersburg and a number of commercial banks available throughout the country. You can choose different accounts for different purposes.
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Payments in Russia:
ATM cards, credit cards and cash
Payment methods in Russia include cash, credit cards and travellers’ cheques. Once you've opened an account with a Russian bank you can apply for an ATM card.
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Money Transfer:
How to transfer money within Russia or abroad
The most popular money transfer systems in Russia are Western Union and MoneyGram. Although their commission rates are quite high, they provide quick and reliable service.
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