My wife is Russian, and lives with me in Germany. She has a Russian bank account (denominated in RUB), and a German bank account (denominated in EUR). We have been unable to find a quick, convenient and cheap way to transfer money from her Russian account to her German account. Currently we're keeping our finances mostly separate, but the question would still be relevant if we had a shared bank account.
Her Russian bank's app doesn't seem to have any way to transfer to SEPA region accounts. She plans to speak to somebody at a branch of her bank next time she is in Russia, but with the current travel restrictions we have no idea when that will be. I'm British and have always used transferwise to transfer money from my UK account to my German account, but it doesn't offer RUB->EUR (although the other way around works).
Our current system is:
- she withdraws EUR from her Russian account at a cash machine (including a small but non-trivial conversion fee)
- she gives me the cash
- I do a bank transfer from my German account to her German account.
This is plainly ridiculous; there must be a better way. But we haven't found one. How can we quickly, cheaply And easily transfer money from the Russian account to the German account?