What do Russian sanctions mean for my money transfers?

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The current climate of uncertainty in Europe is making international money a bit tricky. But how does the conflict affect us here in Australia?

If you're routinely sending money to that region then you might run into some issues. For example, PayPal shut down its services in Russia and many Russian banks are barred from SWIFT

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:

  • Wise
  • Western Union
  • Visa
  • Mastercard
  • Amex
  • 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
to
Today’s foreign exchange rates
Search promoted international money transfers below. Advertiser disclosure.
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$6,769 USD

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$6,756 USD

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    BY PHONE
    $0
    ONLINE
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  • 1-2 days

  • $250 minimum
    $500 monthly minimum for regular transfers

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$6,773 USD

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$6,759 USD

  • IN PERSON
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    $0
  • $0.6759 USD

  • 1-3 days

  • $1.5m maximum

  • Transact online 24/7 with fast settlement & extremely competitive rates.
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  • Transfer over $250 by 30 April 2022 and receive $40 Bonus for the first two transactions. Use code: INSTABONUS. T&Cs apply.

$6,756 USD

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  • $0.6756 USD

  • Within minutes

  • $50 minimum

* 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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