How to transfer money from the USA to Russia: three methods available in 2024

Over the past two years, the list of ways to transfer money from the USA to Russia has been greatly reduced. Popular payment systems have left Russia (Western Union, Wise, MoneyGram do not operate in the country), and banks under sanctions have lost the right to accept and issue transfers in dollars. At the moment, reliable money transfers from the US to Russia are limited to three methods, and even then with reservations.

MoneyPort: simplified transfers between the USA and Russia

MoneyPort Company has created an innovative, streamlined approach that simplifies transfer money between the USA and Russia.

How to send money from America to Russia via MoneyPort

To use MoneyPort services, start with creating an account indicating your email and phone number. This multi-currency account will give you access to international transfers without borders.

Screenshot from moneyport.ru

In your personal account on the MoneyPort website, you can select the direction and amount of the transfer, after which you will have access to a personal chat cash desk in Telegram with a personal manager.

The manager specifies the details of the recipient of the money and gives you the details where required make an international transfer.

You send money and send a receipt or a screenshot of a successful transfer. Within 1-3 days the money will be credited to the details you provided.

MoneyPort features:

• Acceptance of ruble funds in Russia and transfer of dollars to Zelle accounts in the USA;
• Performing Zelle transfers on behalf of legal entities;
• Accepting payments from individuals via Zelle in any amounts from $1000 and issuing the corresponding amount in rubles to the recipient;
• Cash withdrawal in New York, Los Angeles, Miami and Texas.

In addition to transfers via Zelle, MoneyPort has developed way receive wages in Russia from an American company. However, the key area of ​​work is transfers to the Zelle payment system and payment of bank invoices for legal entities.

Cost of sending money from the USA to Russia using MoneyPort

For MoneyPort clients commission for money transfers from America to Russia varies depending on the amount and the selected method of sending/receiving (to card, crypto or cash). In general, MoneyPort charges between 1,9% and 5,5% of the amount sent per international money transfer from the USA to Russia, the commission depends on the transfer method (cash, to a legal entity, etc.).

Guarantees of receiving international transfers through MoneyPort

MoneyPort provides reliable and convenient international money transfers through the introduction of an innovative approach. Instead of creating a new payment system, MoneyPort optimized existing financial flows using a transit scheme. This allows you to minimize the risks associated with delays and freezing of funds, and ensures fast and safe delivery of money from the sender to the recipient.

The MoneyPort system guarantees:

1. 100% delivery of funds: each transfer is backed by a delivery guarantee. If for some reason the money does not reach the recipient, MoneyPort undertakes re-transfer or refund you the full amount.
2. Transparency of the process: thanks to a developed network of accounts around the world, MoneyPort provides transparency and traceability of every transaction, the system allows clients to be confident in the safety of their money.
3. Personal approach to risks: the company assumes all risks associated with international transfers, and also guarantees clients peace of mind and confidence in the reliability of the service.

MoneyPort customer reviews

Summary:

• Cost of sending money from the USA to Russia via MoneyPort: from 1,9% to 5,5% of the amount
• How long does the process take: 1-3 days
• Availability in Russia: not limited

With experiences and adventures: SWIFT transfers from the USA to Russia

Sending money via SWIFT from America to Russia now is like playing roulette: lucky or unlucky. SWIFT transfers are closed or limited in most Russian banks - in all those that were subject to American sanctions.

You can send a SWIFT transfer to non-sanctioned Russian banks; there are no obvious restrictions there. But international money transfers to Russia in 2024 are subject to many implicit restrictions. SWIFT transfers to Russia can be stopped at any time, since the money goes through correspondent banks in Europe and the USA. That is, if you take the risk of sending money to Russia via Swift, be prepared for the fact that it may “hang” without reaching the recipient.

Creative senders sometimes use two-step transfers from the US to Russia. For example, you can send money by Swift from the USA to Kazakhstan, convert dollars into rubles there and send it by ruble transfer to Russia. However, this is all complicated: you need a good friend whom you can trust in Kazakhstan or another country where SWIFT operates; the intermediary country must have a special agreement with Russia on the possibility of opening ruble accounts in its banks; you will have to pay the cost of two translations; and, of course, there is a high risk of money being frozen - going through such a long and complex path, the transfer may freeze more than once.

Summary:

• How much does a SWIFT transfer from the USA to Russia cost: 3-5% of the amount
• How long does the process take: from several hours to 5 working days
• Availability in Russia: limited

Photo: iStock.com/Khanchit Khirisutchalual

Not for the faint of heart: transferring cryptocurrency from the USA to Russia

If you want to transfer cryptocurrency from the USA to Russia, then there are practically no sanctions restrictions. But there are a lot of other, more everyday difficulties.

To begin, both the sender and recipient must open cryptocurrency wallets. It is good if both parties to the transaction are young, computer savvy people. But if in Russia your elderly parents expect money from you, then opening a cryptocurrency wallet is an impossible task for them.

Further more. Money is sent to the cryptocurrency wallet in digital currency. To convert crypto into traditional currency, you need to go through a whole quest, often involving third-party trading programs and crypto exchanges. The process of exchanging USDT or bitcoins into rubles can confuse not only elderly parents, but also a young person who knows how to use a computer.

In addition, transferring money to Russia through a crypto exchange is a suspicious operation, according to the bank. In the Internet You can find complaints from clients of Russian banks after working with crypto exchanges. According to them, banks constantly block cards, and transfers “freeze” for weeks.

Summary:

• Cost: The average cost of transferring to USDT is $5,46 + exchange fee.
• How long does the process take: a few minutes (if everything went without blocking or checking)
• Availability in Russia: available to individuals who can open a crypto wallet and prove the legality of the origin of funds.

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