Expat Advice: Financial Issues in Moscow, Russia

What is the name of the city or town that you are reporting on?

Moscow

Which banks do you use? If you have a local account, which bank do you use? How do you like it? Do you also have an account in your home country? Which bank? Do they charge for ATM withdrawals? Do they charge a lot for international wire transfers? How has it been working with them from abroad? Do you use a special international wire transfer service? Do you use an online bank? If so, tell us about them.

Before retiring in Moscow, expats should be aware of the cost of living, which is higher than in many other countries. It is important to research the visa requirements and to make sure that all necessary documents are in order. Additionally, expats should familiarize themselves with the local language and culture, as well as the healthcare system. It is also important to research the availability of housing and to make sure that the area is safe and secure. Finally, expats should be aware of the climate and the potential for extreme weather conditions.

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Send money online for what matters most. We make international money transfers easier than ever. Choose how and when you send, with great exchange rates and low fees.

Remitly

Send money online for what matters most. We make international money transfers easier than ever. Choose how and when you send, with great exchange rates and low fees.
Learn More