Send Money To Estonia

Updated on September 13, 2020
Personal
Business
From
United States Flag
United States
USD
To
Estonia Flag
Estonia
EUR
1 USD equals
0.845 EUR
09/13/2020 5:19 PM UTC
 
How much to transfer?
$1-1k
$1k-10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
OFX Logo
  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers
$
$
$

low

Fees
87
Speed Icon

medium

2-3 days

Less Information
-

Transfer Options

  • Bank transfer
  • Debit card (UK only)
  • BPAY (Australia only)
  • Direct debit (U.S. only)

Features

  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for personal transfers
  • Circle Check Icon
    Get competitive exchange rates
  • Circle Check Icon
    Lets you schedule transfers with ease
  • Circle Check Icon
    Trading in some currencies possible only over the phone
  • Circle Check Icon
    Website access only in English

TorFX Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Forward contracts
  • Check Icon
    Limit and stop loss orders
  • Check Icon
    Travel money solutions for UK residents
$
$
$

low

Fees
72
Speed Icon

medium

2-3 days

Less Information
-

Transfer Options

  • Bank transfer
  • CHAPS (UK only)
  • BACS (UK only)
  • Visa debit card (UK only)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Forward contracts
  • Check Icon
    Limit and stop loss orders
  • Check Icon
    Travel money solutions for UK residents

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for one-off transfers
  • Circle Check Icon
    Schedule transfers between £500 and £10,000 per month
  • Circle Check Icon
    Use hedging tools to protect yourself against FX fluctuations
  • Circle Check Icon
    No multilingual website

XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
74
Speed Icon

medium

2-3 days

Less Information
-

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers

WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
-

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    -

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      Currencies Direct Logo
      • Check Icon
        Forward contracts and limit orders
      • Check Icon
        Scheduled transfers
      • Check Icon
        Travel money solutions for residents of the UK
      • Check Icon
        Multilingual website
      $
      $
      $

      low

      Fees
      84
      Speed Icon

      medium

      2-3 days

      Less Information
      -

      Transfer Options

      • Bank transfer
      • Debit card

      Features

      • Check Icon
        Forward contracts and limit orders
      • Check Icon
        Scheduled transfers
      • Check Icon
        Travel money solutions for residents of the UK
      • Check Icon
        Multilingual website

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      medium

      2-3 days

      Best For

      • Circle Check Icon
        Schedule transfers easily
      • Circle Check Icon
        Make use of hedging tools
      • Circle Check Icon
        Accepts customers from most countries
      • Circle Check Icon
        Cannot sign up from all states in the U.S.

      TransferWise Logo
      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app
      $
      $
      $

      low

      Fees
      75
      Speed Icon

      fast

      1-2 days

      Less Information
      -

      Transfer Options

      • Bank Transfer
      • Credit Card
      • Debit Card
      • Country specific alternatives

      Features

      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      fast

      1-2 days

      Best For

      • Circle Check Icon
        User friendly mobile app
      • Circle Check Icon
        Multi-currency account
      • Circle Check Icon
        Travel debit card
      • Circle Check Icon
        No scheduled transfers
      • Circle Check Icon
        No dedicated account manager

      How to send money to Estonia

      How To Step Icon
      Step 1
      Research before signing up
      Research before signing up
      You can send money to Estonia easily and in a cost-effective way, provided you pick the right company.
      Research the top competitors well, and narrow down on the best after accounting for your specific needs.
      Signing up as a personal or business customer requires that you provide some basic information.
      Most companies verify the identity of their customers to comply with regulatory requirements.
      How To Step Icon
      Step 2
      Review exchange rates, begin the transfer
      Review exchange rates, begin the transfer
      Go through historical EUR rates to establish if you wish to transfer money to Estonia at any point in time.
      Begin the transfer process by letting your service know of the desired transfer amount and getting a rate quote.
      Accepting the quote locks the rate, and you get some time to make your payment.
      This is when you need to provide the recipient's Estonian bank account details.
      How To Step Icon
      Step 3
      Transfer the money, track the transfer
      Transfer the money, track the transfer
      There are two basic steps involved in sending money to Estonia.
      First, use any of the available payment methods and send the money to your service provider.
      Then, your service provider transfers the funds directly into the receiver's bank account.
      Factors that may affect the transfer's turnaround time include the mode of payment and where you live.
      You may track the progress of your transfer via online updates or notifications on your phone

      Currency Symbol and Swift Codes

      The Estonian kroon (EEK) was the official currency of Estonia from 1928 to 1940, and then from 1992 to 2011. On January 1, 2011, Estonia became the first ex-Soviet state to start using the euro (EUR) as its national currency.

      If you wish to send money to an Estonian bank account, you will need to provide the receiving bank’s SWIFT/BIC code. The corresponding  table lists SWIFT/BIC codes of some popular Estonian banks.

      BANKBRANCHSWIFT CODE
      SwedbankTallinnHABAEE2X
      Luminor Bank (Formerly Nordea Bank)TallinnNDEAEE2X
      Danske BankTallinnFOREEE2X
      Eesti Pank (Bank of Estonia)TallinnEPBEEE2X

       

      Case Study

      Erik had to move to the UK because of work, while his wife and their young son remained in Estonia. Since they were dependant on him financially, he needed to send them money regularly. While he was planning to use the bank he banked with, a coworker suggested that he compare his options first. He did and this is what he found.

       BANKMONEY TRANSFER SERVICE
      Exchange rateGBP 1 = EUR 1.0622GBP 1 = EUR 1.1098
      Transfer feeGBP 15GBP 0
      Amount received for GBP 2,500EUR 2,655.50EUR 2,774.38
      Transfer time4 to 5 days2 to 3 days
      Transfer optionsBank accountBank account
      Difference of EUR 118.88

      Using the money transfer company instead of the bank ensured that Erik’s wife would receive some extra money each month. In addition, the company he selected let him schedule transfers and lock in exchange rates in advance.

       

      Cash Pickup Locations in Estonia

      If sending money to Estonia in a hurry is your top priority, you may consider sending it to a cash pickup location. Western Union and MoneyGram have agent networks in this country.

      WESTERN UNION IN ESTONIA 
      Tallinn Postkontor, Narva Mnt 1, TallinnArsenali Postkontor, Erika 14, Tallinn
      Tartu Kvartali Keskus Postkontor, Riia 2, TartuEedeni Postkontor, Kalda Tee 1c, Tartu
      MONEYGRAM IN ESTONIA 
      Tallinn Monex Ou, Viru Valjak 4/6, TallinnChangeit - Tallinn Airport, Tartu Mnt 101, Tallinn
      Tartu Monex Riia 1, TartuParnu Eurex - Kaubamajakas, Papiniidu 8/10, Parnu

       

      Safety Tips for Picking up Cash in Estonia

      Most visits to Estonia remain trouble-free. However, instances of petty crime are not uncommon, especially in and around Tallinn’s Old Town. Exercise basic caution if you plan to collect money from a physical location.

      Instances of mugging and pick-pocketing can take place in nightclubs, pubs, and bars in Tallinn’s Old Town. Do not leave you drink unattended as there have been reports of drink tampering with the motive of robbery. Avoid walking in unlit parks and side streets at night. Use your hotel’s safe to safeguard your valuables when possible.

       

      What Information Do I Need to Transfer Money to Estonia?

      This depends on the desired transfer method.

      • Bank account transfer. Provide the recipient’s complete name, a bank account number, the bank’s name, and the bank’s SWIFT/BIC code.
      • Transfer to cash pickup center. You will need to provide the recipient’s name and select a preferred cash pickup location. The recipient will need to provide a reference number and an acceptable form of ID to collect the transferred money.

       

      Regulations When Transferring Money To and From Estonia

      Estonia is part of the Eurozone and does not have its own currency exchange restrictions for residents or non-residents. While the European Central Bank (ECB) oversees the region’s the single monetary policy, Eesti Pank (Estonia’s central bank) watches over the country’s payment systems. If you are transferring more than €10,000 to Estonia, it needs to be declared to relevant authorities in the European Union.

      Convert USD to EUR

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      EUR
      Sending money online through specialist money transfer companies.

      Expect to receive between €83.61 and €84.12 when sending money from USD to EUR at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately €80.23, not including additional banking fees. That is an average saving of €3.63.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

      Money Transfer Guides

      How to Send Money from PayPal to TransferWise
      September 7, 2020

      Below, you will find a guide on how to send money from PayPal to the TransferWise Borderless Account. You will …

      Save Money Transferring Funds In or Out of International Escrow
      September 7, 2020
      Problem Definition

      You are selling something through an international Escrow service and the option to send to your country is through …

      What Is the Difference Between IBAN and SWIFT?
      September 7, 2020

      Banks and other financial institutions make use of different kinds of identification numbers for a variety of reasons. Your bank …

      How Do Wire Transfers Work?
      September 7, 2020

      Wire transfers refer to electronic transfer of funds between two entities that may or may not be banks. These transfers …

      Neobanks Explained
      September 7, 2020

      While neobanks have been around since early 2010s, they have come into the forefront during the latter half of the …

      All You Need to Know About Peer-to-Peer Money Transfers
      September 7, 2020
      What is a peer-to-peer money transfer?

      A peer-to-peer money transfer, also referred to as a peer-to-peer transaction, a P2P transfer, or …