What do Russian sanctions mean for my money transfers?
The current climate of uncertainty in Europe is making international money a bit tricky. But how does the conflict affect us here in Australia?
For those who don’t know, SWIFT is the messaging system banks use to facilitate money transfers worldwide. Without a SWIFT, you can't receive or send money to specific bank accounts.
Other companies who have suspended any sort of money transfers to Russia include (this is not an extensive list):
- Western Union
- Apple Pay
- Google Pay
If you do find yourself needing to send money to Russia, you’ll need to double-check with the money transmitter to confirm that it's still making ruble transactions or continuing its services in Russia.
Transfers to other countries
If you're looking to send money to countries other than Russia, you can check out our international money transfer comparison table below to find a money transfer service that could best work for your needs.
I want to transfer
Today’s foreign exchange rates
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* The exchange rates offered by each provider are indicative exchange rates that have either been supplied by each provider or gathered by Mozo. Exchange rates fluctuate constantly and as a consequence the exchange rates listed here may vary to the actual exchange rate you are quoted by a provider. Please ensure you confirm the actual exchange rate with the relevant provider prior to conducting any transaction. These exchange rates are updated every hour.
^See information about the Mozo Experts Choice International Money Transfer Awards
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