Born in northern Europe is a sovereign state called Finland. It borders with Russia to the east, Norway to the north and Sweden to the northwest. Across the Gulf of Finland to the south is Estonia.
Best Ways To Make A Money Transfer:
If you want to transfer money from and to Finland, it is no exception like other parts of the world. You will find tons of agencies that can help in executing the transfer. There is always a transaction fee attached to the operation of agencies in the country. Smaller international transaction is recommended to be done through debit or credit cards. Larger payments can be executed by using MoneyGram or Western Union
Types Of Options To Send Money:
While wire transfer, Western Union or MoneyGram may attract high
transfer fees, you can also use other options such as Moneybookers, PayPal or
other online measures. The EU Standard Transfer option is also low for people
willing to move money in and out of the ECC.
Restrictions On Receiving Money:
Provided the sender will bear the cost, the country does not limit receiver to any given amount. However, each money transfer agency may take some VATs on the transfer.
Restrictions On Sending Money:
Receiving money in Finland is also according to the new regulation of the EU countries. The maximum amount per person at the airport is just 10,000 Euros at a given point of sending.
Process To Send Money:
The country's ID card is one of the most important documents required to
receive and transfer money in the land.
Brief Economic Trend:
The major sources of success for the economy of the country are public policy, industry, transport, energy and tourism.
Calyon, Danske Bank, Citibank, Carnegie Investment Bank, Helsinki OP Bank, Evli Bank, Nordea Bank Finland, Kaupthing Bank remains some of the financial institutions in the country.
Doing a money transfer to Finland then here are the currency denominations for Finland as they use the euro.
Note Currency 5.00 Euro's - 10.00 Euro's - 20.00 Euro's - 50.00 Euro's - 100.00 Euro's - 200 Euro's and 500 Euro's
Change Currency -1 Euro Cent - 2 Euro Cents -1.00 Euro Coin - 2.00 Euro Coin - 5 Euro Cents - 10 Euro Cents - 20 Euro Cents and 50 Euro Cents
The Euro (EUR) is now the official currency of Finland. Finland's prior currency, the Markka, has now been phased out as legal tender and is no longer accepted.
Making regular transfers to Finland
It is advised that if you are sending regular payments abroad you should use a foreign exchange broker to ensure you get the most out of your exchange rate. Sending Money Abroad to Finland then you need to open a currency exchange account. Select the currency broker and then complete their application form and provide ID. Once your account is opened just confirm the amount to be sent and transfer your money to their bank account. Once funds are cleared they will then convert currency at the agreed rate and send the transfer. That simple
Credit Cards accepted
The following credit cards are accepted MasterCard and Visa as well as others major credit cards including Euro cheque cards. Always check with your credit card company for details of merchant acceptability and other services which may be available before you go on holiday or travel abroad / overseas
Traveller's cheques are accepted in all banks and bureaus, though to avoid any extra service charges it is recommended that the cheques are in either US Dollars, Pounds Sterling or Euros. ATMs are available in most towns.
Unrestricted import of local and foreign currency. Export of local and foreign currency is limited to the amount imported for non-residents to €1,682 or equivalent for the residents.
Tipping: Tips are not expected in Finland because a service charge is generally added to restaurant, bar and hotel bills, but customers often choose to round up the bill when paying in cash. Taxi drivers also appreciate any small change or coins that are added to round up the fare. Electricity - 230V, 50 Hz
Bank Opening Hours - Mon - fri 09.30 - 16.30
In Finland, you can exchange your currency at most Banks as well as many exchange bureaus that you will find in popular areas, such as Helsinki, Espoo, Tampere, Vantaa and Turku. In most banks when you are exchanging currency, you will need your passport. If you do not have this with you, then the bank may refuse to exchange your currency.
Money Transfer Finland Banking Services
Finland Banks all have ATM Machines and nearly all shops and places to eat accept prepaid MasterCard and also Visa debit cards as well as American Express. Exchanging currency is easy at any bank or currency booth plus all accept Travellers Cheques.
Need to transfer money to Finland see foreign exchange companies offering the best currency deals.
Even if you are sending money to pay your mortgage, Importing or exporting or money to paying oversea suppliers? No matter who you intend to pay use a foreign exchange broker it is cheaper than using high street banks.