Best ways to send money to Russia from Latvia
🏅 The overall best way to send EUR to Russia: Profee
💲 The cheapest way to send money to Russia from Latvia: Profee
⏲️ The fastest way to send money to Russia from Latvia: Profee
🏦 The best way to send money from Latvia to Russia via a bank transfer: Profee
💳 The best provider for credit card transfers from Latvia to Russia:
💳 The best provider for debit card transfers from Latvia to Russia: Profee
EUR to RUB
For over 500 years the Ruble (also known as Rouble, RUB) has been the official currency of the Russian Federation. When it comes to moving money across borders, from EUR to RUB, varying degrees of international regulations apply, depending on the recipient’s status in Russia. Some residents are prohibited from opening international bank accounts overseas, holding currency or other assets in foreign banks and there are even restrictions on who can enter into transactions with international clients. A number of restrictions are applied to foreign currency transfers sent to Russia, particularly cash transfers.
Russia is the largest country on earth, but its population is relatively small when compared to its total landmass. Due to the vast size of the country, the average population density is 9 people per km2, amounting to an estimated population of 145.9 million people. At over 17 million square kilometers, Russia spans Eastern Europe and Asia, and is formerly a member of both continents.
Choosing the best service provider
When considering how to send money Russia from Latvia there are some key aspects of the transfer to consider.
The fastest provider is Profee, transfers from this provider normally take [SPEED]. The cheapest provider we found is Profee at 80.24% Above Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using Profee when transferring EUR to RUB.
This means that by using Profee for online money transfers to Russia from Latvia, you are likely to save on transfer fees and benefit from fast speeds - so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access Profee for any reason, our comparison engine has found and also to be very good options when sending EUR - RUB.
This recommendation was updated one minute ago.
The cheapest way to send money from Latvia to Russia
In order to avoid high fees, you should consider the cheapest way to send from Latvia to Russia.
Profee has been determined by our comparison engine to be currently offering you the cheapest rates possible.
Get the Best Rate and Sign Up for Rate Alerts Latvia to Russia
The fastest way to send money from Latvia to Russia
When sending money from Latvia to Russia, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, Profee is the fastest way to send EUR - RUB.
What payment methods are available when sending money from Latvia to Russia?
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.
Sending money to Russia from Latvia using credit card
To avoid high fees you can opt to use an online money transfer provider such as to pay for your transfer to Russia.
Sending money to Russia from Latvia using a debit card
With Profee you can send money online to Russia using your debit card. But before making a payment, make sure you understand all the processing fees in place.
Using a wire transfer to send money from Latvia to Russia
Bank and wire transfers are the most common ways of sending money Russia as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use Profee to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in Russia. If you're unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in Russia.
When sending money to Russia from Latvia using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee.
On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as Profee, and .
Considerations for a EUR - RUB Currency Transfer
Before sending money to Russia from Latvia, you should consider the following:
The amount you want to transfer: It is likely that the more money you send to Russia the more value you will get and more RUB the recipient will receive. This is because any flat fee charged ends up as a smaller percentage of your transfer amount, and also because many providers allow you to negotiate a better exchange rate margin if sending large amounts.
The EUR - RUB exchange rate margin: Money transfer providers charge a small percentage on top of the mid-market exchange rates in order to generate revenue. Current mid market rate is 83.750565 and the lowest exchange rate margin is currently offered by Profee at 80.24% above the mid market rate.
Hidden fees & charges: Before sending money to Russia, make sure the provider you are using doesn’t charge any hidden fees. Our reviews of the top ranked providers Profee, undefined and undefined will give insight here.
How to send money from Latvia to Russia at the best rate?
This one’s easy. Simply use our comparison table above to find the best provider to send EUR to RUB. After that it’s just a process of making your transfer via the following steps:
Click “Visit Site” inside our comparison table
Register for an account if required
Input how much you are willing to send
Fund your transfer
Receive & save an email confirming your transfer
How to receive transfers from EUR to RUB in Russia?
Your recipient has a few methods available to receive your money in Russia. These will vary between providers, but it is possible to find services that will:
Deposit RUB directly into a bank account
Enable the recipient to pick up cash a specific locations across Russia
Deliver money directly to their door
Send RUB to your recipient’s mobile wallet
If your recipient is going to collect or have the money delivered to them in Russia, then they will usually need the following:
A government issued identification document such as Internal Russian Passport or drivers license
The money transfer reference number
Senders details and the amount of money sent
How much money can be transferred from Latvia to Russia?
The amount of RUB you can receive from Latvia will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.
You should also check if there are any government regulations pertaining to the amount of RUB that can be received in Russia or sent from Latvia before making your transfer.
About Money Transfers to Russia from Latvia
We’ve compared the best money transfer providers to send money from Latvia to Russia. The cheapest provider for EUR to RUB transfers is Profee, while the fastest is Profee.
|💰 Most transferred amount||1000RUB +|
|💸 Cheapest provider (on average)||Profee|
|⚡ ️Fastest transfer time||In minutes with Profee|
|💱 Currency Transfer Pair||EUR - RUB|
|📈 EUR - RUB mid market rate||83.750565|
|💳 Pay-in options in Latvia||Bank transfer from Latvia with Profee, Debit card with Profee, Credit card with|
|💵 Pay-out options in Russia||Bank accounts in Russia, Debit card|
|🏆 Top 3 EUR - RUB providers||Profee, and|