Best way to send money to Estonia | Finder Canada

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Send money to Estonia

Safe, secure and cost-effective transfer options when you need to send money to Estonia.

Bordering the Baltic Sea and Gulf of Finland, Estonia is a culturally diverse nation known for its rocky beaches, old-growth forests and hilltop fortresses. Since thousands of Canadian tourists visit Estonia each year and over 24,000 Estonians have made their homes in Canada, there’s a growing need for money transfer services between the two countries. Check out our handy money transfer guide to find the most competitive exchange rates and lowest fees on your next money transfer to Estonia.

Send money to Estonia with WorldRemit

An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.

  • Choose how you want to send your money - via bank transfer, cash pickup or mobile money
  • Instant money transfers available

Compare money transfer services below

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 1 Same day CAD 0.00 0.656 EUR
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
CAD 0 Within an hour CAD 3.99 0.657 EUR
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
CAD 1 1 - 2 days CAD 40.00 0.66 EUR
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
USD 150 1 day CAD 15.00 0.653 EUR
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Banks versus money transfer companies

Banks can be a convenient solution for sending money overseas, but they’re typically the most expensive option. Wire transfers typically cost between $20 and $100 and exchange rates are often much less competitive than dedicated money transfer companies. Money transfer services like TorFX and Wise tend to charge less expensive fees and offer more competitive exchange rates on international transfers, meaning that you get a better overall deal and save a ton of money in the long run, especially if you carry out regular transactions.

Case study: Sofia sends money to Estonia

Sofia has just finished her nursing degree in Canada, and has begun working at the Toronto General Hospital. When Sofia’s grandmother falls ill, she feels inclined to send money home to her parents to help pay for her grandmother’s expenses. Sofia decides to compare the cost of sending money with her bank versus an online money transfer providers to find the best deal. The comparison below is based on exchange rates in the spring of 2018, so check current rates before making your choice.

Canadian BankMoney Transfer Service
Exchange rates
CAD$1 = EUR 0.63
CAD$1 = EUR 0.65
Transfer fees
Amount received (for $1,000)
EUR 630
EUR 650
Transfer speed
2 – 5 days
1 – 2 days
Options available
Bank-to-bank transfer
Bank-to-bank tranfer
or cash pick-up

Sofia realizes that she can save EUR 20 (around $30) in the exchange rate with the money transfer option, with an additional $15 in fees. If Sofia sends money every month, this amounts to almost $540 over the course of one year.

Today’s exchange rate CAD to EUR

How do I compare transfer companies when sending money to Estonia?

When you’re comparing money transfer companies to send money from Canada to Estonia, you should pay attention to the following features if you’re looking to find the best deal.

  • Exchange rates and fees. Compare 3 – 4 quotes from reputable money transfer companies to make sure that you receive the actual total cost of transfer with fees and exchange rates combined.
  • Transfer methods. If your recipient has a bank account, you can send a bank-to-bank transfer with minimal fees. If your recipient needs cash delivered in minutes, it’s best to use a cash transfer service. Keep in mind that cash transfers may be unfeasible for recipients who can’t travel to a branch or agent location to collect cash.
  • Transfer speed. Choose a cash transfer service like Western Union or MoneyGram if you’re on a tight timeline but aim for a dedicated money transfer service like Wise or World First if you want to save money on exchange rates and fees.
  • Bonus features. Some companies specialize in providing one-off transfers only, but others can offer flexible features such as forward contracts and limit orders which allow you to book a lower exchange rate in advance of your transfer.
  • Customer service. Make sure you can easily access a 24/7 customer support team if you have questions about your transfer.

How do I send money to Estonia from Canada?

If you want to send money to Estonia you can choose from the following options.

  • Bank transfers. Canadian banks can easily organize wire transfers to Estonia but are typically the most expensive option with the slowest turnaround time. Alternatively, you may be able to order an international cheque or draft from your bank and send overseas using snail mail.
  • Money transfer companies. Money transfer providers like TorFX and XE Money Transfer can offer convenient and affordable international transfers to Estonia.
  • Cash transfer providers. Cash transfer providers like MoneyGram and WorldRemit allow you to transfer cash to multiple agent locations across Estonia within minutes.
  • PayPal. Send money from Canada to Estonia with PayPal, provided both you and your recipient are account holders.

Emergency cash transfers in Estonia

In the event of an emergency, cash pickup options like MoneyGram and Western Union have the capacity to send your money overseas in as little as 10 minutes. Cash pickup locations for both services are highlighted below.


The Government of Canada recommends that Canadian visitors to Estonia exercise a normal degree of caution (as of 09 September 2018). Petty crime such as pickpocketing and purse snatching also occurs, particularly in Tallinn’s Old Town and during the summer tourist season. Thieves often work in small groups and target tourists in airports, train stations and other public areas. If you do need to collect cash, look for an agent location in a safe neighborhood and call ahead to make sure they’ll have cash on hand. Visit during daylight hours in the company of a good friend and return to your hotel to stow your cash in a safe place as quickly as possible.

What are the steps to send money to Estonia?

The steps involved in sending money to Estonia depend on how you plan to transfer the funds:

  • Transferring to a bank account. You’ll have to provide the recipient’s name, his or her bank account number, the name of their bank as well as the transfer codes. If you’re sending money using the services of a dedicated online money transfer company, you’ll need to provide details from your bank account, debit card or credit card.
  • Cash pick-up. If you’re visiting a physical location to go through with the transfer, you’ll need to provide an acceptable form of ID to verify your identity like a passport or driver’s licence. You’ll then need to submit your recipient’s name along with a desired cash pick-up location. If you’re initiating the process online, you should provide details of the account from where the money should be debited. This can be a bank account or a credit card account, depending on the service provider you choose.

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