How to send money to US from Finland with the best EUR-USD rate

An exchange rate determines the price you will pay when buying US Dollar. A better exchange rate means more money reaching the recipient in United States.

The current rate between the Euro and US Dollar is 1.1382. With the EUR-USD exchange rate changing almost constantly, it pays to know the averages to get a better deal.

The total cost of sending money to the United States from Finland, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.

• The Mid-Market and Exchange Rates: Currently, the mid-market for EUR-USD is 1.1382 USD per Euro.

• Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Taptap Send, cahrges 0 EUR per transfer, which is currently the cheapest option. Although you should search for your send amount for actual fees.

• Amount Received: Money transfer companies will show you the amount of US Dollar eventually received in the United States.

A better option is to use a forward contract can also allows you to lock in an agreed exchange rate between Finland and the United States.

Paying via bank transfer is the payment method that will get you the best price with a money transfer company. When sending money from Finland to the United States.

Here are all the ways to send money from Finland to United States:

Bank transfers

A bank transfer is often the default option for money transfers from Finland to the United States.

By using a money transfer company such as Key Currency to send money from Finland to the United States, you can while benefit from lower fees and more favorable exchange rates than a bank would offer. 


Debit and prepaid cards

Sending money from Finland to the United States with a prepaid or debit card is very easy with Wise.


Wise is a great choice for sending money with a debit card from Finland to the United States. This is from the 17 money transfer companies compared.

Credit cards

When it comes to credit card money transfers from Finland to the United States there aren't that many options, mainly because it's more expensive.

If you have to, we recommend running a quick comparison to get the best deal on USD

Companies offering money transfers between Finland and the United States have minimum or maximum thresholds on how much money you can send.

Rates and fees for different transfer amounts could change if you pass a threshold - that’s why it’s best to compare EUR-USD rates for your specific transfer amount.

For regular transfers from Finland to the United States, shopping around each time can make a huge difference.

We’ve recommended Wise for sending EUR to United States, because of their combination of rates and fees when sending from Finland to the United States that is the most competitive, even at larger amounts.

Check with the recipient and understand any declarations needed on large amounts of money entering the United States from Finland.

There are different ways to receive US Dollar in the United States. The most popular options are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

All providers work differently and not all offering transfers from Finland to the United States support every method for receiving US Dollar so it’s best to check ahead of time.

Sending directly to a bank account in the United States is one of the most common ways to receive money from Finland. For most part, this is convenient but does have receiving fees to potentially be aware of.

Wise is the best company for bank transfers between Finland and the United States.

Cash pickup is popular in the United States, but not always supported and can be costly compared to cheaper options.

Mobile wallet or P2P services and payment apps like PayPal, Zelle, and CashApp are popular because of convenience. They come with more limitations and higher costs compared to money transfer providers like Taptap Send, and are recommended for domestic payments only.

When sending US Dollar to the United States, you will need to verify your ID with your chosen money transfer company.

The documents you need will vary and in some cases you might need more than one.

For the most part, accepted IDs in Finland include government issued IDs such as passports or driver's licenses. If the recipient needs an ID to collect money in the United States, the options are similar.

Large transactions between Finland and United States can be subject to additional checks such as proof of funds for anti-money laundering purposes. These won’t be needing when signing up, but will be need ahead of any transfer.

One of the reasons Wise has scored so highly for transfers to the United States is their easy sign up process in Finland.

When sending money between Finland and the United States there will be tax declarations to consider.

Some transfers into US Dollar may need to be reported to tax authorities in the United States and Finland, depending on size and particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in the United States based on age, income and a few other elements - such as whether the funds are a gift. Tax law can be confusing, when in doubt, please contact a tax professional in Finland or the United States to discuss your personal circumstances to ensure you are not missing any specific tax declarations associated with your international money transfer.