How to send money to Finland

Shop around to find the most convenient and affordable way to send money to Finland

International money transfers don’t have to be expensive or difficult. Money transfer services are a better option than banks because of their competitive rates and fees. When you need to send money to Finland, compare the transfer fees and exchange rates of the options available to you to get the best deal.
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  • Enjoy competitive exchange rates.
  • Get even better exchange rates with forward contracts and limit orders.
  • Receive weekly updates on market exchange rates.

    Compare money transfer services to Finland

    Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to Finland with our money transfer partners.

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    Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

    With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

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    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    World First Foreign Exchange
    USD 1,000 1 day USD 0.00 0.846 Online EUR 4,231 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.
    Go to site View details
    TransferWise International Money Transfers
    USD 1 1 day USD 50.00 0.849 Online EUR
    4,204
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site View details
    OFX International Money Transfers
    USD 150 1 day USD 0.00 0.846 Online, Bank Account to Bank Account EUR 4,229 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site View details
    HiFX International Money Transfers
    USD 50 2 days USD 5.00 0.845 Online EUR 4,223 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site View details
    Do you send money often? Track this rate with tailored alerts direct to your inbox

    Compare up to 4 providers

    Banks versus international money transfer services

    When it comes to sending money overseas, banks are far from your most affordable option. In fact, banks offer poor exchange rates and charge quite high fees on the international money transfers they handle, which ends up leaving you out of pocket and your recipient short changed.

    But there are plenty of other options available outside the big banks. Specialist money transfer companies have grown rapidly in recent years, offering fast, simple and affordable transfers to all corners of the globe. With better exchange rates and lower fees than the banks, they can offer a much better deal for you and your recipient.

    Foreign exchange rates explained

    The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weak currency. Most countries’ exchange rates are flexible, which means they can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

    How to compare transfer companies when transferring money to Finland

    By comparing a few elements of your transfer, you can ensure that you get the cheapest deal for your needs.

    • Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
    • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
    • Payment and delivery options. Some transfer companies allow you to pay with a credit card online, by phone or through an app. Others offer agent locations for cash payments and pickups. Also ask how your recipient can receive your funds: bank account, cash pickup, mobile wallet and more.
    • Transfer speeds. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you have more time, you’ll get better rates and fees with an independent provider.
    • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
    • Flexible transfer options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
    • Customer support. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.
    Case study: Jarkko sends money to Finland

    While on a six-month working holiday in the US, Jarkko wants to send $1,000 back home to his sister in Helsinki to help her repair her car. Although his bank will do money transfers to Finland, the exchange rates are very high. He decides to compare two transfer services to find the best deal.

    Big-name transfer providerOnline money transfer specialist
    Exchange rate1 USD = .8386 euro1 USD = .8774 euro
    Transfer fee$25$5
    Transfer speed4 business daysIn minutes
    Transfer optionsCash pickupCash pickup
    Total Euro received
    838.60877.40

    The online money transfer specialist not only offers the best exchange rate and faster delivery, but Jarkko will save on transfer fees.  

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    What are my options to send money abroad?

      • Bank transfers. Many major US banks can safely wire your funds to countries around the world. Banks rely on existing links between banks and banking systems worldwide. However, a downside is the frustratingly high fees and weaker exchange rates you’ll receive by going through your bank.
      • Online money transfer services. These specialists offer more affordable transfers than banks do, allowing you to quickly and easily manage your transactions from home. With competitive exchange rates and lower fees, you can send funds from your bank account. Many also allow you to pay with a credit or debit card.
      • Providers with cash pickup. Trusted providers like Western Union and MoneyGram offer the key advantage of giving your recipient fast access to the cash you send — sometimes within minutes. You can often pay online or at one of thousands of agent locations worldwide. However, services typically cost more than an online transfer specialist and vary by where you’re transferring your money and how you’re paying for it.
      • PayPal transfers. Not just for online purchases, PayPal offers transfers to more than 100 countries and supports multiple currencies. Its exchange rates are often better than those you’ll get from a bank but not quite as strong as rates from money transfer companies. PayPal calculates its transfer fee as a percentage of the amount you’re sending — meaning it’s often better for sending smaller amounts of money.
      • International money order. You can get this type of money order from your bank and send it overseas to your recipient, who then cashes it in with their own bank. While more secure than a personal check, it’s a slower option than using an electronic transfer. It also costs a little more — you’ll have to purchase the check, and your recipient may be charged a fee by their own bank cashed.

      How safe is a money transfer?

      When you use a reputable provider, your funds are safely tracked until in the hands of your recipient. There are <a href=”http://www.consumerfinance.gov/askcfpb/1507/what-are-new-federal-protections-consumers-who-send-money-internationally.html” target=”_blank” rel=”nofollow”>federal protections</a> in place that require banks, credit unions and money transfer companies to, for example, disclose all fees upfront and give you 30 minutes to cancel a transfer, assuming it hasn’t yet been picked up or deposited.

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      How do I send money to Finland?

      •  

      Whether you send money through your bank, a money transfer provider or any other option, you’ll need to first register for an account with a provider, supplying your name, address, contact details, proof of  ID and information about your selected payment method.

       Keep a record of any transaction reference number you receive so that you can review the progress of your transfer.

      What are the ways that I can send money to Finland

      • Bank transfers. Many major US banks will allow you to send money to Finland.
      • Money transfer providers. Providers like Ria and World First can help you quickly and easily transfer your money online.
      • Providers with cash pickup. Western Union and MoneyGram allow you to send funds for cash pickup at agent locations.
      • PayPal. Electronic payment giant PayPal allows you to send money from the US to Finland.
      • Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or US Postal Service.
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      Picking up cash 

      Whether picking up funds in Helsinki, or anywhere else around the world, take a few simple safety precautions to prevent yourself becoming a target for thieves.

      • Call ahead. Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.
      • Bring a friend. Carrying money when alone can be dangerous. Ask a friend to come along.
      • Deposit your money immediately. The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible
      • Keep your cash hidden. Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.
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      Emergency cash transfers in Finland

      If you need to send an emergency cash transfer to Finland — for example, if a friend traveling through the country loses their wallet. When you need to transfer funds urgently, your fastest possible transfer will often be your most expensive option. Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.

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      Find a money transfer location near you

      Bottom line

      Overseas money transfers are easy, no matter which method you choose. But knowing how to compare your options gives you a leg up in terms of cost, rates and transfer speeds. An informed choice is your better choice.

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