Bank Money Transfer from UK Accounts to Sberbank
Note: Sberbank currently has western sanctions imposed, restricting money transfers from this bank, however it is still possible to send money to Sberbank from abroad.
Best Russian ruble exchange rates when sending money from the UK to a Sberbank bank account in Russia, WorldFirst will also save you time on the transaction.
Sberbank services over 110 million customers in Russia alone – more than half of the Russian population, and over 11 million people enjoy Sberbank’s services abroad. The Bank employs around a million people and is the key lender to the Russian economy and the biggest receiver of deposits in Russia.
Sberbank GBP and RUB Exchange Rates
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UK pound sterling (GBP) to Russian ruble (RUB) currency rates are updated daily at 09:00 GMT.
*Note: A lower FX Rate will give a better exchange rate when transferring money to/from Russian ruble. Specialist foreign exchange companies including can save you money and time on the transaction.Sign Up for a Free Account with WorldFirst – Click Here
UK Pound & Ruble Transfer to/from Sberbank Russia
Making a transfer to or from the Russian ruble using a bank service could potentially lose you thousands of pounds due to the poor FX margin rate offered. Private currency brokers offer a much more competitive rate of exchange.
Example: Currency broker WorldFirst is one of the UK’s leading and largest foreign currency exchange specialists assisting private individuals and businesses with their foreign currency transfers to and from most countries worldwide including a money transfer service to Russian high street banks.
UK bank to Sberbank account v Currency Brokers
1: Bank money transfer information: General Guidelines – High street banks also charge a commission fee when sending money abroad into another currency – Private brokers offer commission free currency transfers typically over a value of £5000 or 427160.695 Russian ruble. Bank transfer commission fees range from £15 to £30 depending on the bank.
2: Unless you pay a premium, high street banks will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction between 1 to 3 days.
Sending Money Abroad with Sberbank
To transfer funds abroad from your Sberbank bank account, you have to visit a Sberbank office. You will need to present/submit:
1: Identity document (e.g., passport);
2: Recipient’s account number (20 digits), last name and first name (patronymic, if any) in Latin alphabetic characters;
3: Recipient bank details (SWIFT, name, city and country of the bank).
4: Tell the bank officer the transfer details.
5: Submit the transfer amount to the Sberbank cashier along with the transfer fee.