Russian Life & People Digest
Question by russkita: How do you get money out of Russia?
My Russian born wife is now a US Citizen. She wishes to sell an apartment in Russia and wonders how you go about getting the money out of the country.
Answers and Views:
Answer by jrjohns5
In a wallet
Know better? Leave your own answer in the comments!
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ktzenz says
Fortunately, it’s not very difficult. She must deposit the money in a Russian bank, ideally a major bank such as Sperbank or an International one such as Citigroup/Citibank. She will also need a US bank account. Then, all she needs to do is call her US bank and ask for the wire transfer information (the routing number and the Swiss code). With that, her bank account routing number (if it’s a checking account) and bank account number, she can go to the bank in Russia (or call it), and have them transfer the money into her US account. It’s simple, quick and banks do it all the time. There will be a fee, but my bank charges me a little over 20 USD per transaction, so it’s not so bad.
kel says
Would depend on how much the property is worth, exporting money from Russia is difficult, but can be done.
Is easier to bring it out on your person than to look at banks as this will prove nearly impossible.
If she flies to Russia, she can take out $ 12k worth of travellers checks each time she departs from Russia, so this would probably be the best way of doing it. Of course she could always take more, as it would be doubtful that they would check her person for cheques on the way out, but if she does this it would be better to get the travellers cheques issued by different banks on different days.
azul_uk2006 says
it should not be a problems .. sell the property and transfer money via bank to your US bank account .. i live in UK and sold my apartment in Dubai in UAE and money was transferred to my Bank in England
nileri_1 says
wire transfer, money order, travel check many other option.