Send Money To Finland
Situated in northern Europe, Finland covers a total area of 338,145 square kilometres and makes it to the world’s
65th largest nation. After the collapse of the Soviet Union, Finland
joins the European Union in 1995 and is the only Nordic EU member to use the
euro as its national currency. The diverse nature and serene views, makes the
country as the preferred choice for any traveller.
Over the years, the country have heavily
spend on education, training and research by delivering one of the best-qualified
workforce in the world.
Moreover, 93% of Finns spokes Finnish while
Swedish is spoken by rest 6% of the population. However, the country has one of
the strongest and innovative property right protection regulations in the
world. In 2015, Finland was ranked as second out of the 168 countries surveyed in Transparency for International’s Corruption
Popular money transfer services that send to
As being the official member of the
European Union, the official currency of Finland is Euro which refers the unity
and prosperity of the EU member countries that have adopted the Euro as their
sole official currency.
After joining the European Union, the
Finnish economy has evidently performed well, but in the recent years the
Finnish economy have been in a declining phase, due to the downfall in the
timber industry and Nokia which has lost the spot as world leader in the mobile
phones in 2012.
The Finnish Euro is broken in:
and 50, 20, 10, 5 cents
Notes: 5, 10, 20, 50,100, 200, 500 Euros
Send Money with Bank Deposit
transfers to Finland is not particularly different to receiving or sending
money in any other European Union country. There are numbers of currency
exchange agencies available for sending or receiving money to abroad. However,
the currency exchange rate may vary from day to day.
in Finland are open on weekdays from 10:00 am to 4:30 pm while they remain
closed on Saturdays, Sundays with the inclusion of public holidays. Whereas,
Bank of Finland act as the central bank of the country.
Finnish prefer to transfer money via banks or ATM’s, whereas for larger
payments they prefer to opt for international agencies for the transference of
money. However, while using a foreign card at an ATM, the user have to pay a
minimal fee while withdrawing or sending the cash, however the withdrawal fee is
less than the user have to pay for the transference of money from agencies. In
addition, according to Finnish regulations, it is not mandatory for companies
to always made payment in cash.
in mind when visiting to Finland, according to the rules declared by European
Union, the amount exceeding €10,000 needs to be declared to customs if
the person is travelling to or from a country outside the EU.
Send Money Through Cash Pickup
money through agencies is the most convenient yet approachable way for most of
the citizens of Finland. International money transferring agencies including
Western Union and MoneyGram are considered as the most reliable option for the
transference of money.
transferred money can be send by the payer and received by the payee from any
cash pickup points. Though fee charges are bit higher then transferring money
through banks, and it may vary from one bank to another. However, sending money
through agencies are considered as the most preferred way for the transference
of money. The sender goes to the agency in his/her country, pays the required
amount of money and states which foreign agency the money is going to.
the receiver then have to provide an ID to the respective agency for smooth identification
process then they can pick up cash at an instance.
the involvement of internet in daily life, the second preferred option by
Finnish is to transfer the money through online services including PayPal or
Moneybookers. In order to send or receive money, the sender and receiver have
to register themselves on an online account for the collection of money in a
Money Transfer Regulations
the implication of euro in Finland, in the short period of time frame the
Finnish euro has experience an evident growth in economy. However, the country has
maintained some rules and regulation when it comes to the transference of cash
or dealing with cash, which includes:
per the Finnish rules, the payment can be in any form of money, it is not
mandatory for the payer to made payment in cash only.
A company cannot receive
payment in coins that exceeds to 50 metal coins.
In some cases, the payment
can be accept in cash if a company accepts.
Moreover, the limitation
of payment must be declared by both parties before finalising the deal.
are multiple options in Finland for sending and receiving money, while sending
or receiving money through cash pickups turns out to the preferred one.
while transferring money through banks, keep in mind that each bank charge
different fee on the transference of money. However, the international
transfers from EU are comparatively low priced. As per the rules governed by the
authorities, according to the EU standard transfers within the European Union
countries, the transfer must not exceed €12, 5000, additionally it
must be in euros.