|SBERBANK||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to RUB||NO MINIMUM||5/7 DAYS||2.0%||85.509|
|EUR € - to RUB||NO MINIMUM||5/7 DAYS||2.0%||76.899|
|BROKER RATES||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to RUB||From £100||From 1 DAY||From 0.7%||86.643|
|EUR € - to RUB||From £100||From 1 DAY||From 0.7%||77.919|
Note: EU sanctions are currently in place which restrict European money transfers from most major Russian banks.
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Answer: Using SBERBANK services, the exchange rates shown are typical. All banks have individual rates and commission structures for international currency transfers. Find the latest exchange rates for an overseas bank using our Bank Rate Comparison below:
Save on the exchange rate conversion when transferring money or maing regular payments overseas to your SBERBANK account in Russian rubles, euros, the UK pound and other currencies. SBERBANK international money transfers to or from Russia have higher transaction charges, due to a less competitive exchange rate offered by SBERBANK. Skip to: Russia Money Transfer Specialists
Typically, sending funds to or from your SBERBANK account in Russian rubles, euros, the UK pound or US dollar overseas bank account will involve a margin rate of 2.0% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Sending foreign currency to or from your SBERBANK account in Russia needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of 1,000,000 rubles (RUB) using SBERBANK services would have a transaction exchange rate margin of around 2.0% – or 20,000 RUB. Using a specialist broker, in this example WORLDFIRST – the exchange rate margin would work out at 0.7% – or only 7,000 RUB in total, which is a large saving over the bank service.
International money transfers from SBERBANK could take longer to arrive than using a private currency exchange provider and you will also need to be an existing SBERBANK account holder to use their services. SBERBANK may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of £5000 (or 50,000 RUB).
Unless you pay a premium, SBERBANK’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
SBERBANK was originally created in 1841 and today is a state owned Russian banking and financial services company, with operations in several European and post-Soviet countries. SBERBANK is the largest bank in Russia and Eastern Europe and is also the world’s 33rd largest banking company.