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While they could barely be further apart geographically, Australia and Finland nonetheless boast strong links with one another. Since diplomatic relations between Australia and Finland were established in 1949, the two countries have enjoyed a mutually beneficial trade relationship. Finland and the entire Scandinavian region is also a popular destination for Australian tourists, which means there are plenty of reasons why you might need to send an international money transfer from Australia to Finland. Here’s how you can find the most affordable deal when you need to transfer money overseas.
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.
|Bank||Money transfer company|
|Exchange rate||1 AUD = 0.6048 EUR||1 AUD = O.6352 EUR|
|Transfer method||Wire transfer||Online transfer|
|Transfer time||1-3 days||1-3 days|
|Amount received (in EUR)||€604.80||€635.20|
As you can see, not only can Jarkko send more than €30 extra using a money transfer company instead of his bank, but he can also save $15 in transfer fees.
If you need to send an emergency cash transfer to Finland - maybe your teenage son or daughter is backpacking around the world and has run out of money in Helsinki, for example - be aware of the fact that you will usually have to pay more for the privilege. Whether you’re using a bank or a specialist money transfer provider, higher fees and lower exchange rates often apply to urgent transactions, so it pays to read the fine print closely before you commit to a transfer.Back to top
Western Union and MoneyGram operate extensive worldwide money transfer networks, allowing you to send cash for pickup from locations across Finland. The details of some popular cash pickup locations in Finland are listed below, but it’s recommended that you contact a location ahead of time to confirm its location and whether sufficient cash will be available to complete a transaction. Photo ID and a transaction reference number will also be required when picking up funds.
While Finland is a safe destination for Australian travellers, it’s important that you exercise a few simple safety precautions when picking up cash in Finland:
The process for sending money to Finland varies depending on the company you choose to handle the transaction. However, you will generally have to follow these few simple steps:
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New customers use code AZIMO50 to get GBP 5 off when you transfer GBP 50+. Valid till 31 October 2021. T&Cs apply.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.
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