Expat Finance Services in Russia
The currency used in Russia, since at least the 16th century has been the ruble, even during the time of the Soviet Union. Bank notes are currently issued in the denominations of 50, 100, 500, 1000, and 5000 rubles. 10 ruble notes were replaced with 10 ruble coins in 2010.
In Russia, there is the central Russian Savings Bank as well as commercial banks, with several international banks such as Citibank in the largest cities such as St Petersburg or Moscow. Opening a bank account in Russia does not take long, it may require a letter from an employer, or simply ID such as a passport. Some banks have checking accounts with debit cards that can be used at Russian ATM machines to withdraw rubles. International debit cards can also be used, but there tend to be high withdrawal fees for using a card at another bank's machine.
A few Russian banks give credit cards to account holders but only if they have a perfect credit history. Credit cards are accepted at larger businesses in the major cities, but not smaller ones. The Moscow International bank even offers an English language version of their online banking website, and they offer euro, ruble or US dollar accounts.
See our guides
Currency Exchange in Russia
Need to transfer money or make a significant purchase abroad? Compare foreign exchange specialists and get the best exchange rate on the market.
Get a free quote
Current Account in Russia
Current accounts specifically created to address your needs as an expatriate. Multi currency, bill payments… find the solutions to your everyday banking needs.
Get a free quote
Offshore Savings in Russia
Compare offshore savings accounts and find the right solution that meets your saving requirements while living abroad.
Get a free quote
Expat Mortgages in Russia
Free and no obligation quotes to help you find the best overseas mortgage. Compare overseas mortgage advisors and make a free enquiry
Get a free quote
Financial Advice in Russia
Get information on investment portfolio building to achieve your investment objectives according to your risk profile.
Get a free quote
Expat Savings in Russia
Make an initial no-obligation enquiry about saving plans, school fees planning, retirement planning. Save money, plan ahead and discover all the attractive options available to you as an expat.
Get a free quote
QROPS in Russia
Learn more about Qualifying Recognised Overseas Pension Schemes. Make an initial no-obligation enquiry to get expert advice on transferring your pension overseas
Get a free quote
Online Broker in Russia
Compare online brokers for forex trading, cfd trading, internet share trading and more..
Get a free quote
US Expat Tax in Russia
American expatriates have the legal obligation to file US tax returns yearly on their income wherever sourced. Get free advice and US tax returns filling quote
Get a free quote
Tax Advisory in Russia
Make an initial no-obligation enquiry on tax planning, tax return or tax issues that you may face as an expatriate.
Get a free quote