Bank Money Transfer from UK Accounts to VTB
Note: VTB Bank currently has western sanctions imposed, restricting money transfers from this bank, however it is still possible to send money to VTB Bank from abroad.
Best UK pound to ruble exchange rates when sending money from the UK to a VTB bank account in Russia, WorldFirst will also save you time on the transaction.
About VTB Bank
VTB Banking Group is a global provider of financial services based in Russia. VTB Group operates large international network, offering a comprehensive range of services to clients in more than 20 countries across the CIS. Together, VTB Bank and its subsidiaries are known as VTB Group. The main shareholder of the Bank is the Russian government, which owns 60 percent of voting shares or 85 percent of the bank’s share capital. The Group’s largest subsidiaries in Russia are VTB24, Bank of Moscow, and TransCreditBank.
VTB Bank GBP and RUB Exchange Rates
|Bank Name | FX Broker Comparison||FX Rate||GBP to RUB||FREE QUOTE|
|VTB Bank||*2.0%||82.084 info||Enquire|
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 VTB 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 VTB 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 418881.685 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 VTB
To transfer funds abroad from your VTB bank account, you have to visit a VTB 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 VTB cashier along with the transfer fee.