Opening a bank account in Moscow - a EU legislation question
#1
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Opening a bank account in Moscow - a EU legislation question
Good Day!
I was wondering weather someone here would know the answer to this kind of situation:
If a European citizen travels to Russia on a regular basis (for example once or twice every two or three months) and they want to open a bank account in order to send and receive money to and from a European country (because Western Union fees get somewhat high when sending large sums of money).
This person comes here, not to work but to visit friends etc. therefore wont have temporary registration, letter from employer etc..
What's your take on this situation? What does this person need to do to open a bank account in Moscow?
I appreciate your time and advice!
Best regards
Paul
I was wondering weather someone here would know the answer to this kind of situation:
If a European citizen travels to Russia on a regular basis (for example once or twice every two or three months) and they want to open a bank account in order to send and receive money to and from a European country (because Western Union fees get somewhat high when sending large sums of money).
This person comes here, not to work but to visit friends etc. therefore wont have temporary registration, letter from employer etc..
What's your take on this situation? What does this person need to do to open a bank account in Moscow?
I appreciate your time and advice!
Best regards
Paul
#3
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Unless you have to have a bank account in Russia for other than daily expenses I do not see the need for one. An ATM withdrawal from your local bank should work fine. I have a bank account in France but only because I have to pay property taxes, utilities and maintenance costs. Otherwise I would not bother since withdrawing money from an ATM is as efficient regardless of where the account is located.
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http://www.ehow.com/how_6710096_open...nt-russia.html
though I'm not really sure if it is worth while.
though I'm not really sure if it is worth while.
#5
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Thank you! I appreciate your replies!
The point of the whole thing being worthwhile - I completely understand. I must help a friend out on this information. They want to send money abroad with the account - not withdraw cash.
I was just curious about the legislation perspective e.g. what documents they must have to open the account. Because, for example, I know that in the UK a tourist will not be able to open a bank account - you must be staying in the UK for a few years before you could do that.
Well, you never know! Perhaps there is a Russian lawyer who hangs around this website and just happenes to notice this topic lol
The point of the whole thing being worthwhile - I completely understand. I must help a friend out on this information. They want to send money abroad with the account - not withdraw cash.
I was just curious about the legislation perspective e.g. what documents they must have to open the account. Because, for example, I know that in the UK a tourist will not be able to open a bank account - you must be staying in the UK for a few years before you could do that.
Well, you never know! Perhaps there is a Russian lawyer who hangs around this website and just happenes to notice this topic lol
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Still does not make sense. I think you are being coy about why large sums of money need to be transferred presumably to the Russian account when you are just a visitor. As concerns the actual transfer, look into http://www.xe.com/fx/
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