Send Money To Estonia

Estonian flagPay attention to this Estonia Money Transfer Guide if you want to know how to get the most out of your currency.

Start getting used to pay less, get better currency exchange rates and quick delivery for your money when sending to or from Estonia. Our reviewed Foreign Exchange companies will make you forget about going to the banks for this kind of services.

The Guide’s Topics:

Best Company To Send Money To Estonia

Payment Facility



currencies-direct logoMin. Transfer: £ / € 100.
Transfer: Online or by Phone.
Wire Fees: None.

- GBP: 1.1560 EUR to 1.1601 EUR
- CAD: 0.7312 EUR to 0.7338 EUR
- USD: 0.9426 EUR to 0.9459 EUR
CurrenciesDirect Review
TorFX logoMin. Transfer: £ / €100.
Transfer: Online or by Phone.
Wire Fees: None.
Best Rates for £5,000+
Expected Rates* for £5,000+:
- GBP: 1.1549 EUR to 1.1572 EUR
- CAD: 0.7305 EUR to 0.7319 EUR
- USD: 0.9416 EUR to 0.9435 EUR

currencyfair logoMin. Transfer: £ / € 1.
Transfer: Online or using the App.
Wire Fees: € 3

Expected Rates*:
- GBP: 1.1502 EUR to 1.1535 EUR
- CAD: 0.7275 EUR to 0.7296 EUR
- USD: 0.9379 EUR to 0.9405 EUR
Currencyfair Review
Estonia BankBig International Transfer Fee + Currency Exchange Fee. Double The Cost Of Commercial FX.

Exchange rate would be approximately *:
- GBP: 1.1386 EUR to 1.1502 EUR
- CAD: 0.7202 EUR to 0.7275 EUR
- USD: 0.9284 EUR to 0.9379 EUR
paypal logo2.9%+ Transfer Fees, and 2.5% more for Currency Exchanges. Quick but expensive.

Exchange rate would be approximately *:
- GBP: 1.1328 EUR or worse
- CAD: 0.7202 EUR or worse
- USD: 0.9284 EUR or worse

* Expected Rates reflect our rate expectations based on our research. We do not guarantee accuracy. For some companies, we used a range of rates because they offer wholesale rates for large trades and higher rates for small trades.

Supported Countries & Payment methods

MoneyCorp is one of the biggest and oldest FX company in the market having over 35 years of experience. So you can rest assured that you will receive a great service if you choose to work with them because it’s clear that they do it the right way; you can’t survive in a competitive business without a well put together product.

CurrenciesDirect will help you send money across the globe with ease. Why? Because they work with over 100 currencies so you don’t have to wonder if your destination is covered or not. For a free quote, be sure to visit their website and fill their form.

Best Company to Transfer Money from Estonia

Service Provider



MoneyCorp logoMin. Transfer: £ / € 50.
Transfer: Online or by Phone.
Why Them? 2 Year Forward Contracts. Operating since 1979. £11Bn in Annual Turnover
MoneyCorp Review

Supported Regions & Currencies

The European Union’s Anti-money laundering laws apply to all of the member countries, such as Estonia. Because of this, both of the companies we listed above can provide their services across the country no matter the region or city.

Currencies: Our companies work every day with many clients from various countries so having access to a multitude of currencies is a must. It will rarely be the case where an exotic currency might not be available, that’s why we encourage you to go to their website and get a free quote.

But other than that, any major destination will be covered. From countries like Canada, France, Spain, South Africa, China, United States, Switzerland or Israel, which are the usual destination for money transfers, to some of the less chosen regions like Sri Lanka, Hong Kong, Japan, UAE, Morocco, Brazil or New Zealand.

Today’s Foreign Exchange Rates for EUR

GBP to EUR – Pounds to Euro; 10,000 GBP is 11,618.5000 EUR

EUR to GBP – Euro to Pounds; 10,000 EUR is 8,606.9630 GBP

EUR to CAD – Euro to Canadian Dollars; 10,000 EUR is 13,607.5225 CAD

CAD to EUR – Canadian Dollars to Euro; 10,000 CAD is 7,348.8763 EUR

AUD to EUR – Australian Dollar to Euro; 10,000 AUD is 6,580.3335 EUR

EUR to AUD – Euro to Australian Dollar; 10,000 EUR is 15,196.7982 AUD

EUR to USD – Euro to US Dollars; 10,000 EUR is 10,556.0098 USD

USD to EUR – US Dollars to Euro; 10,000 USD is 9,473.2765 EUR

EUR to CHF – Euro to Swiss Franc; 10,000 EUR is 10,125.3174 CHF

CHF to EUR – Swiss Francs to Euro; 10,000 CHF is 9,876.2336 EUR

NZD to EUR – New Zealand Dollar to Euro; 10,000 NZD is 5,984.0747 EUR

EUR to NZD – Euro to New Zealand Dollar; 10,000 EUR is 16,711.0212 NZD

Popular EUR Routes

Popular currency transfer routes for people visiting this page:

  1. Transfer from UK to EU (GBP to EUR)
  2. Transfer from EU to USA (EUR to USD)
  3. Transfer from Canada to EU (CAD to EUR)
  4. Transfer from Australia to USA (AUD to EUR)

Want to exchange Euros?

Exchanging currency is part of doing business and enjoying a vacation in other countries. It can also be part of a savvy investment or savings strategy. Currency exchange rates can change overnight, but there are historical trends that can help you understand the best time to make your exchange. Enjoy our data table with exchange rate information for EUR, GBP, USD, CHF, and JPY.

EUR to GBP rates

EUR / GBP20122013201420152016201720182019

EUR to USD rates

EUR / USD20122013201420152016201720182019

EUR to CHF rates

EUR / CHF20122013201420152016201720182019

EUR to JPY rates

EUR / JPY20122013201420152016201720182019

Transferring Money to an Estonian Bank Account

Estonia is a member of the European Union and of the Eurozone. The Euro has been the national currency since 1 January 2011.

Real Estate: Real estate activities in Estonia made up 10.5% of the country’s GDP in 2014 and, despite slow economic growth, 2015 is set for a property boom as construction activity is increasing and the property demand is rising. Estonia is also the second-best performer European country with Tallinn leading with a growth of 12.59% in 2014, after an impressive increase of 16.55% in 2013.

Relocating To Estonia?

If you consider moving into Estonia and live there as an expat, you may find the following information helpful:

Advantages Of Moving To Estonia:

  • Low Cost of Living: Tallinn, Estonia’s capital is the 285th out of 780 cities for cost of living.
  • Affordable Food: Tallinn is 296th out of 780 for the cost of groceries.
  • Low Education Costs: Tallinn is 406th out of 780 in the cost of education.

Disadvantages Of Moving To Estonia:

  • Poor Infrastructure: Estonia is not quite as efficient as the UK and US, for example.
  • High Unemployment: 8% Unemployment Rate.
  • Harsh Winter: Given Estonia’s location winter can be dreary and depressing with shorter days and colder climates. This has effects on the overall depression rate in the country.

Popular Destinations in Estonia

Popular cities for business and real estate transactions in Estonia are: Tallinn, Tartu, Narva, Kohtla-Järve, Pärnu, Viljandi, Rakvere, Sillamäe, Maardu and Kuressaare.

How Cheap International Transfers Works

Foreign Exchange companies make their money with a simple business model – buy cheap and sell for more. They buy currency in large quantities at a low, wholesale price and re-sell when a customer makes a transfer overseas. The company has dedicated employees who specialise in working with currency every day, so they are able to provide the best possible exchange rate on any customer transfer. Beside the small fees, FX companies can provide other benefits as well.

Where banks require that you visit a local branch in order to make a transfer, a Foreign Exchange company will allow you to send your money to Estonia online. All you have to do is set up an account with the Foreign Exchange company of your choice, enter banking details and wait for your information to be validated.

Set up the account and transfer:

  • Create a free account with a foreign exchange company.
  • Receive a quote from their specialists (online or by phone).
  • Approve the received quote.
  • Fund your account with the amount needed.
  • Wait for the transfer to be completed and get the confirmation from the dealer.

What you need to send money to Estonia:

Our Company Recommendation:

Regulations and taxes when transferring money to and from Estonia

Estonia has no regulations or currency controls, as a member of the Eurozone since 2004, and of the single currency since 2011. Transferring money in and out of Estonia is not restricted for non-residents and residents alike. This applies even to countries outside the Eurozone.

The Eurozone’s single payments system for all member states, as well as Iceland Liechtenstein and Norway, has simplified money transfers.

Eesti Pank

Eesti Pank (Estonia’s central bank) oversees payment systems to ensure the stability of their financial sector.

The European Central Bank (ECB) sets the single monetary policy.

Transfer regulations

Foreign Direct Investments (FDI) in Estonia do not require government approval.

Transfers over EUR10,000 must be declared to European Union authorities.

Taxation on foreign income

Estonia implements a relatively low-income tax of 21% on individuals and corporations. Corporations are exempt on income that is reinvested.

Estonian residents are taxed on any foreign income. Non-residents are taxed only on income originating in Estonia. Double tax treaties are in place to avoid double-taxation.

Biggest banks in Estonia

  • Swedbank
  • SEB Pank
  • Nordea Pank
  • Danske Pank
  • LHV Pank