UBRD makes money orders cheaper

UrBC, Yekaterinburg, July 22, 2015. The Ural Bank for Reconstruction & Development reduced the commission it charges on money orders on July 20, 2015, the bank’s press service reports.

The minimum commission for a ruble money order now comes to 30 RUR and that for a foreign currency money order to $15.

‘To complete the transaction, the customer needs to produce their passport and the addressee’s bank’s details. Customers who transfer money directly from their UBRD bank accounts are offered the best terms,’ the press service says.

For example, if you book a trip to a health resort for 24,000 RUR, the commission for transferring money to a legal entity’s account in another bank will amount to 360 RUR.

If you’d like to make a 5,000-ruble installment that goes to the UBRD-run account, the commission will come to 35 RUR.

If you would like to pay for your new home (3m RUR) via a money order to the home’s former owner who has an account at another bank, the commission will come to 1,500 RUR.

If you do $3,000 worth of shopping abroad and would like to pay via a money order, the commission will come to $15.


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