Can expats open a bank account in Russia?

Expert Info

Posted by

on 24 Apr 2013

I'm American and moving to Moscow soon. Can I open a bank account in Russia? Or should I rather stick to my American bank account?

Anonymous (not verified) on 24 Apr 2013 - 13:00

Hi Phil, as an expat you most certainly can open a bank account in Russia, and it living in Moscow and earning rubles, it may be the best option for you. You should shop around to see which bank suits your needs best. There are a number of international banks in Russia and most expats opt to open an account with one of these banks. For a comprehensive overview of the Russian banking system and opening an account in Russia, have a read of our Banking, Money and Taxes in Russia page.

Anonymous (not verified) on 24 Apr 2013 - 13:01

I'd recommend opening an account at an international bank in Russia - I wouldn't put any faith in the local Russian banks!!

Anonymous (not verified) on 25 Apr 2013 - 08:07

Thanks guys! I'll check out the link!

Any expats out there who can recommend a bank in Russia?

Anonymous (not verified) on 11 May 2013 - 21:24

CityBank (www.citibank.ru) Raiffeisen bank (www.raiffeisen.ru)

Expat Health Insurance

Offer Extended! Save 10% For Life on Cigna Global Health Insurance

Offer extended until 31st December! Moving your family abroad is an exciting time, but for peace of mind, ensure you get health insurance. Insure with Cigna Healthcare before December 31st, 2025, and benefit from 10% off for the lifetime of your policy. Cigna Global Health Insurance gives you access to the best health professionals and includes a Multilingual Customer Care team you can call 24/7. Your discount lasts as long as your policy does!

Get a Free Quote Now

Moving Internationally?

International Movers. Get Quotes. Compare Prices.

Sirelo has a network of more than 500 international removal companies that can move your furniture and possessions to your new home. By filling in a form, you’ll get up to 5 quotes from recommended movers. This service is free of charge and will help you select an international moving company that suits your needs and budget.

Get your free no-obligation quotes from select removal companies now!