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Australia recognised Estonia as a nation in 1921. Australia was among the first to re-establish ties with Estonia after its independence in 1991. While Australia has an embassy in Stockholm, Sweden, it also has an honorary consulate in Tallinn, Estonia. Estonia has an embassy in Canberra along with honorary consulates in Adelaide, Brisbane, Hobart and Perth.
As per the 2011 Australian Census, around 8,500 people of Estonian descent and over 1,900 Estonia-born people lived in Australia. Two-way trade between these two nations stood at around $60 million in 2013/2014.
The need to send money from Australia to Estonia does not come as a surprise. Luckily, you get various options from which to choose.
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Work got Laura Saar to Australia. She plans to live here indefinitely. While she’s here she has to keep sending some money back home to make sure her aging parents have enough to get by comfortably. She opened a bank account with a leading bank soon upon arriving in Australia. Using its services to send money back home was an option. However, she wasn’t sure if it was her best bet.
After comparing her alternatives online, this is what she found.
| Australian bank | Money transfer service 2 | |
|---|---|---|
| Exchange rate | AUD1 = EUR0.6065 | AUD1 = EUR0.6352 |
| Transfer fee | $20 | $0 |
| Amount received for $1,000 | EUR594.37 | EUR635.20 |
| Transfer time | Two to five days | One day |
| Transfer options | Bank account | Bank account |
| Difference of | EUR40.83 |
It was natural for Laura to choose the money transfer company over her bank. Not only did the company offer a noticeably better deal, it also assured that the money would get to her father’s bank account within one day.
When you’re comparing money transfer companies to send money from Australia to Estonia, or the other way around, these aspects require your attention:
If you wish to send money to Estonia you get to choose from these options:
If you’re expecting some money from Estonia, you can receive it in these ways:
If you find yourself without your money or wallet when you’re in Estonia, remember that you can still get some emergency money. First, make sure you cancel all your credit and debit cards. Then, thinking about getting money using these methods:
Picking money at cash pickup locations in Estonia is easy because money transfer companies such as Western Union and MoneyGram have a widespread presence in this country. When collecting large sums of money, you should call ahead of time to ensure that there’s availability of funds. To collect money you’ll have to provide some kind of suitable ID such as your passport or driver’s license. Here are some cash pickup locations in Estonia:
Most visits to Estonia remain free of trouble. However, you should take precautions against petty crimes, especially when you collect money from a cash pickup location.
There has been an increase in crimes that target tourists, especially instances of petty theft. Know that you face a risk of pick-pocketing and mugging in hotels, nightclubs, bars and pubs in the Old Town section of Tallinn.
There have been instances of groups of thieves targeting travellers at train stations, airports and parks. Instances of theft from cars are car thefts are also common. Try to steer clear of parks and side streets after dark. When possible, keep your valuables in your hotel safe.
Back to topThe steps involved in sending money to Estonia depend on how to plan to transfer the funds:
