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Send money to Estonia

The safest and most cost-effective ways of sending money to friends and family in Estonia from the US.

If​ ​you​ ​need​ ​to​ ​get​ ​money​ ​to​ ​a​ ​loved​ ​one or business colleague in Estonia,​ ​you are probably in no mood to​ ​​deal with​ a​ complicated​ ​and​ ​expensive​ ​process.​ ​Sending​ ​money from​ ​the​ ​United​ ​States​ ​to​ ​Estonia ​doesn’t​ ​have​ ​to​ ​be​ ​costly and time-consuming.​ ​Compare​ ​the transfer​ ​fees​ ​and​ ​exchange​ ​rates​ ​of​ ​the​ ​options​ ​available​ ​to​ ​you​ ​to​ ​get​ ​the​ ​best​ ​deal.

Send money to Estonia with CurrencyTransfer

Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).

CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.

  • Get the best foreign exchange rates available from this online marketplace
  • Fast 1-2 day delivery to bank accounts
  • Price-match guarantee if you find a better price elsewhere
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Compare money transfer services to Estonia

Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
OFX
24 hours
$0

View details
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Dunbridge Financial
Dunbridge Financial
24 hours
$0

View details
Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
CurrencyTransfer
24 hours
$0
SPECIAL OFFER ✓ Minimum transfer of $1,000 for Finder readers (normally £5,000)

View details
Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
XE
Within minutes
$3

View details
XE has fast transfers with low fees and a range of foreign currency tools.
WorldRemit
Within an hour
From $1.99

View details
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Wise (TransferWise)
Within an hour
From $2.26

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Remitly
Within minutes
From $0
SPECIAL OFFER ✓ Free transfers and better exchange rates available for new customers

View details
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
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Compare up to 4 providers

Best ways to send money to Estonia

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Estonia. Some offer cash pickup in as little as a few minutes, while others transfer to bank accounts.

1. Digital money transfer services

Companies like Wise and CurrencyTransfer specialize in foreign currencies, making them some of the most cost-effective ways to send money to Estonia. Most offer transfers directly to your recipient's bank account in Estonia, often in as little as a day or two.
  • Why? Digital money transfer services are cheaper because they exist online and don't have as many employees or physical locations.

2. Cash transfers

Services like WorldRemit and Remitly allow you to transfer cash for pickup at a local branch in Estonia— often in 15 minutes. While it's a fast way to send money, you'll pay for the convenience in weak exchange rates and high fees.
  • Why? Picking up cash is more expensive because more people are involved.

3. Banks

The euro may be offered by your bank, but beware of high fees and wide margins on the exchange rate. Compare bank transfers to digital services and other options before sending a wire transfer to Estonia.
  • Why? Banks offer money transfers as a secondary service so don't strive to offer competitive prices.

Let's crunch the numbers: Sending $1,000 to Estonia

Let's say you need to send $1,000 to family in Estonia. Here's what you might face as far as fees and exchange rates using today's rate of 1 USD = 0.862 EUR.
Digital money transfer service Cash transfer Bank transfer
Fee $0 $4 $25 + additional correspondent bank fees
Exchange rate 1 USD = 0.859 EUR 1 USD = 0.857 EUR 1 USD = 0.819 EUR
Transfer speed 1-2 days Minutes 2-5 days
Amount received EUR€859 EUR€854 EUR€798
Verdict
  • Best value
  • Fastest
  • Slowest and most expensive

The bank option ends up being the slowest and gets the smallest amount of money to your recipient in Estonia. A digital transfer sends the most, which is EUR€61 more than the bank. For speed, a cash transfer can typically have your transfer to Estonia in as little as 15 minutes. Make sure there's a cash pickup location near your recipient before sending.

How to send money to Estonia online

Sign up and send money to Estonia with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Compare and pick a provider before signing up for a free online account using your contact information, proof of ID and preferred payment method.
  2. Provide transfer details. Submit your recipient's contact information and pick a delivery method. If transferring to a bank, you'll need their bank account details in Estonia.
  3. Confirm transfer details. Double-check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt's confirmation number to track the progress of your transfer to Estonia. Some money transfer providers send a text or email when your transfer is complete.

Get the most out of your money transfer to Estonia

Weigh costs and fees against convenience to best compare money transfer providers that send to Estonia. Consider:

  • Exchange rates. The USD–EUR relationship fluctuates, so using a service that allows you to lock in exchange prices may help you save money down the line if the euro rises against the US dollar.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger USD–EUR exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of euros you're sending to Estonia.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to Estonia.
  • Sending limits. Comparing prices for one large transfer instead of many small transfers is typically easier, so picking the service you use based on how much you're sending is a valid strategy for saving money.
  • Transfer methods. Whether you want money sent to a bank account in Estonia or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

How to send money to Estonia without a bank account

If you don't have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up euros without a bank account.

Emergency cash transfer

When urgency trumps cost to get your money to Estonia quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

Estonia's exchange rates explained

Banks and money transfer companies use exchange rate to calculate how much Estonia's currency is worth when converted to USD. The USD-EUR relationship can change daily based on global economic stability, interest rates, inflation and more.

Today's exchange rate USD to EUR

1
0
Updated: 15 Oct 2021 19:28:15 UTC

What to watch out for

Sending money to relatives or family members in Estonia may be subject to taxes on the money transfer and certain documents may be required.

Taxes on transfers to Estonia

In general, any large transfers being sent from the US to Estonia should be filed with the IRS to avoid any penalties.

Required information

Receiving money in Estonia:

  • Transfer confirmation details like a transfer number, an MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID like a passport or similar official ID may be required to pick up your transfer.
  • Sender's information. Take along your sender's full name, the sending country and their address, if known.

Sending to Estonia from the US:

  • Proof of identification like a government-issued ID or your SSN number.
  • Recipient information like their name, address and bank account information in Estonia.

Bottom line

Sending your hard-earned money to Estonia shouldn't cost a fortune. Compare money transfer companies that specialize in foreign transactions for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country-specific guides the next time you need to make a transfer.

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