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We encourage every student to open a bank account in Russia, as it is the safest and easiest way to keep and access your money. Upon arrival, we will help you to open a bank account, and explain our banking system as needed.
In Russia you can exchange US dollars and euros. Other currencies are not acceptable.
If you bring currency in cash and your banknotes have strange marks or a stamp you will be charged 3%-5% bank commission by currency exchange.
University bank account