|VTB BANK||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to RUB||NO MINIMUM||5/7 DAYS||2.0%||83.619|
|EUR € - to RUB||NO MINIMUM||5/7 DAYS||2.0%||74.561|
|BROKER RATES||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to RUB||From £100||From 1 DAY||From 0.7%||84.729|
|EUR € - to RUB||From £100||From 1 DAY||From 0.7%||75.55|
Note: International sanctions are currently in place which restrict global outgoing money transfers from major Russian banks.
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Answer: Using VTB Bank 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 making regular payments overseas to your VTB Bank account in Russian rubles, euros, the UK pound and other currencies. VTB Bank international money transfers to or from Russia have higher transaction charges, due to a less competitive exchange rate offered by VTB Bank. Skip to: Russia Money Transfer Specialists
Typically, sending funds to or from your VTB Bank 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 VTB Bank 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 VTB Bank 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 VTB Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing VTB Bank account holder to use their services. VTB Bank 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, VTB Bank’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.
VTB Bank is one of the leading banks of Russia and part of the VTB Group, offering a wide range of banking services and products in Russia, CIS, Europe, Asia, Africa, and the USA. The Group’s largest subsidiaries in Russia are VTB 24, Bank of Moscow.