How to send money to Finland

Last updated:

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Sending money to family and friends in Finland doesn’t have to be expensive or difficult. When you compare a variety for money transfer providers you can quickly and easily find the best option to get funds to Helsinki or anywhere else.
OFX International Money Transfers

Our pick: OFX

OFX offers flexible transfer options, 24/7 customer support and no maximum limit. Send a minimum of $1,000 per year.

$0 transfer fees. Send fee-free transfers to over 195 countries worldwide.
Transfers in 55 currencies. OFX supports major, minor and exotic currencies.
Flexible options. Choose from forward contracts to scheduled transfers for convenience and flexibility.
Customer support. Larger transfers get personalized service over the phone.

    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.

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    USD 0 1 - 2 days USD 0.00 0.9 EUR 4,501 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
    USD 1 1 - 2 days USD 40.00 0.904 EUR
    4,483
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
    EUR 1,000 1 - 2 days USD 10.00 0.895 EUR 4,465 Use TransferMate to help you send money to almost any country around the world for a small fee. Go to site Show details
    USD 1 Within an hour USD 3.99 0.9 EUR 4,497 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
    GBP 1,000 1 - 2 days USD 0.00 0.895 EUR 4,474 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
    For larger transfers, get no transaction fees and no maximum send limits.
    Go to site Show details
    USD 1,000 1 day USD 0.00 0.895 EUR 4,474 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
    USD 5,000 1 day USD 0.00 0.895 EUR 4,474 Venstar will support you through the entire process of your international transactions, from start to finish. Go to site Show details

    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. The euro’s exchange rate is flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
    Currency exchange rate for Finland

    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.

    Back to top

    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.

      Must read: 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 federal protections 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.

      Steps to send money to Finland

      1. Register for an account with a provider, supplying your name, address, contact details, proof of ID and information about your selected payment method.
      2. Supply your recipient’s information and contact details.
      3. Select the amount of your transaction finalize your transfer.
      4. Maintain any receipt or other record you receive to track the progress of tour transaction.

      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 TransferWise 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.
      Back to top

      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.

      Same-day 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.

      Back to top

      Was this content helpful to you? No  Yes

      Ask an Expert

      You are about to post a question on finder.com:

      • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
      • finder.com is a financial comparison and information service, not a bank or product provider
      • We cannot provide you with personal advice or recommendations
      • Your answer might already be waiting – check previous questions below to see if yours has already been asked

      Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

      By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

      Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
      Go to site