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Native Texan
06-11-2009, 23:32
How difficult is banking in Moscow vs. USA?

tvadim133
07-11-2009, 00:14
How difficult is banking in Moscow vs. USA?

I do not know,what you mean.

As for loans for foreigners, I am not sure.

TC0241
07-11-2009, 09:31
you can probably use your ATM card in any of the machines but you will get the exchange rate of the day plus your US bank will charge you a fee so you should look to get a local account.
Getting a bank account is not too difficult but lots of forms and getting things stamped so I suggest you check with your employer who should have some deal going. I got Citi and they have a fairly decent online site.

Transfering money from a US account into Russia can take a week or longer.
There are lots of money changing places so if you have dollars you can swap them. Always goo to have a few handy just in case the machines are out.

You need to understand "cash" is king here so be prepared for people not to want you to use your credit card. some places even refuse them. it feels a bit wierd at first but you soon get used to it.