Skip to Content
Banks in Belarus to Work with Foreign Customers in 2024
Home Blog Banks in Belarus to Work with Foreign Customers in 2024
10 June   John D.  
Banks in Belarus with Foreign Customers in 2024

Banks in Belarus to Work with Foreign Customers in 2024

The safe transfer of money to Belarus from abroad in 2024 has its features and challenges. This issue is especially…

Article navigation

The safe transfer of money to Belarus from abroad in 2024 has its features and challenges. This issue is especially relevant for freelancers and IT companies exporting their services. There are sufficient options for fast money transfers through banks. In this article, experts look at the most popular ones.

As before, many international financial transactions are traditionally carried out through the SWIFT system. In 2024, most Belarusian banks use this system.

Do you want to join the Hi-Tech Park?

Secure payments to Belarus in euros

Many Belarusian banks accept euro transfers through the SWIFT system. However, there is currently no clear answer to the question of transfer speed, as it depends on the banks’ policies that participate in the transfer routing. Since international payments often change, Belarusian banks that accept SWIFT payments from abroad may determine the possibility of receiving a payment only after a foreign payer sends it. 

Payments from abroad in euros in favour of individuals are accepted, in particular, Belarusbank, VTB Bank, BelVEB Bank, Dabrabyt, Paritetbank, Priorbank, Belgazprombank, and Serbank. In BNB Bank, you can receive a transfer in euros through an intermediary bank, PKO Bank Polski SA, Warsaw, Poland, or Raiffeisen Bank International AG, Vienna, Austria. Alfa Bank accepts international transfers in euros from the same bank’s cards. Belinvestbank has suspended the payment of money transfers.

Acceptance of international transfers in US dollars in Belarus

For example, you can receive an international transfer in US dollars at BSB Bank, BTA Bank, Technobank, Paritetbank, and Sberbank. However, these banks do not accept transfers in US dollars from all foreign banks. Therefore, before the customer sends an international transfer in US dollars to Belarus, we recommend checking with the bank whether it accepts a transfer in US dollars from a certain foreign bank and what options are available. 

Priorbank currently does not accept international payments in US dollars.

Banks in Belarus to Work with Foreign Customers in 2024

Possibilities of bank transfers in yuan and other currencies

The Belarusian Sberbank accepts transfers from abroad in pounds sterling. Transfers to dirhams currently need to be actively supported by Belarusian banks. You can receive transfers through Belgazprombank and Priorbank in Chinese yuan and Polish zloty. In BNB Bank, you can receive a transfer in Polish zlotys through PKO Bank Polski SA, Warsaw, Poland, and in yuan through an intermediary bank, Agricultural Bank of China Limited, Shanghai, China. You can receive a transfer in yuan in Belarusbank.

What is required to receive a bank transfer in a foreign currency successfully

The sender of the payment must be informed of the correct name of the bank receiving the payment and the bank’s SWIFT code.

  • Details of the selected Belarusian bank in a foreign correspondent bank. This data will be collected individually from each bank.
  • The payee’s account number is in the international IBAN format, and the payee’s surname, first name, and patronymic are written in the identity document.
  • Purpose of the payment.

EOR

No problems with working with EOR services in Belarus.

A bank in Belarus may request an agreement or other document based on which you receive a bank transfer in a foreign currency.

You also need to familiarise yourself with banks’ tariffs for receiving a transfer so that you do not experience unpleasant surprises when receiving an incomplete amount.

Before making any transaction, it is essential to consult with banking specialists. The current situation, characterised by frequent changes and the rejection of potential sanctions by local banks, highlights the need for legal entities and freelancers engaged in exports to maintain several bank accounts. Such alternative methods provide a sense of security and are a lifeline for companies operating in the global market.

About the author

John D.

Content Marketing Manager

Джон Д. - менеджер по контент-маркетингу в компании EOR.by. Он вкладывает все свои силы в упрощение сложных тем. Имея опыт создания контента и разработки стратегий на местном рынке и за рубежом, Джон делится своим богатым знаниями, чтобы облегчить процессы компаний



Our Blog

The latest news in our blog

Rules for joining HTP Minsk

Joining HTP: Rules and Innovations

24 June by John D.

In Belarus, one essential tool to support companies that operate in the field of high technologies is the National Hi-Tech…

Learn More
how to add value as employee in Belarus

Top 20 Ways to Add your Value on the Job Market  

13 June by John D.

Tell us, do you have a job? Do you have a stable, in-demand profession that provides a steady income and…

Learn More
Banks in Belarus with Foreign Customers in 2024

Banks in Belarus to Work with Foreign Customers in 2024

10 June by John D.

The safe transfer of money to Belarus from abroad in 2024 has its features and challenges. This issue is especially…

Learn More

Contact

We’re available for the new projects

Call Us
+375 29 366 44 77
Address
Novovilenskaya str, building 38, office 21, Minsk, 220053, Belarus
Email
info@eor.by

    All the fields are required