How to send money to Finland in 2026: euros in seconds, bank codes and an apartment in a housing company
A Finnish account gives euros in seconds and bank codes for every public service. From 1 January 2026 a gift from one donor is taxed only from $8,400 (€7,500) over 3 years, and an apartment is bought through housing company shares with a 1.5% transfer tax. Here is how to open an account and pay for a purchase.
In 2026 the simplest way to send money to Finland is a euro transfer to your own account at a Finnish bank: from EU countries an instant transfer arrives in seconds, from other countries in 1-3 business days through an intermediary bank. A Finnish account is opened after a meeting at the bank with a passport, residence permit and personal identity code, and with the account you get the bank codes to sign in to every public service. An apartment in Finland is bought as shares in a housing company with a 1.5% transfer tax, and a gift from one donor is not taxed up to €7,500 over three years.
Euros are converted into dollars at the European Central Bank rate of 7 October 2026 (1.1177 dollars per euro), rounded up.
| Route | How it works on 8 October 2026 |
|---|---|
| instant euro transfer from the EU | in seconds, around the clock, no dearer than an ordinary one; the bank checks the recipient's name |
| ordinary euro transfer from the EU | up to 1 business day, by an 18-character account number |
| international transfer from a non-EU country | 1-3 business days, in euros or dollars; for a large sum - documents on the origin of the money |
| transfer to a relative's Finnish account | like a transfer to yourself; a gift from one donor is tax-free up to $8,400 (€7,500) over 3 years |
| paying for an apartment | to the seller's account on the day of the deal, the 1.5% transfer tax is paid by the buyer |
Euros in seconds and an 18-character number
Finland has been in the euro area from day one, so Finnish banks follow the common instant payment rules: they have received instant euro transfers around the clock since January 2025, sent them since October 2025 and charge no more for them than for an ordinary transfer. A Finnish account number has 18 characters: the country code, two check digits and fourteen account digits. Before sending, the sender's bank checks the recipient's name against the account, and a typo is fixed before the money leaves.
From non-EU countries money comes by an ordinary international transfer. It is more convenient to send straight in euros: the Finnish bank credits the sum with no exchange, while dollars on a euro account are converted at its own rate on the day of receipt.
We will advise how best to send money to Finland from your country: which currency to send in and which bank will get the payment through faster.
Bank codes: the key to the tax office, social insurance and renting
In Finland the bank codes for signing in to online banking serve as an electronic ID: through them you submit tax details, receive benefits, sign a lease and book a doctor. So a Finnish account is needed not only for transfers but for life in the country. The bank opens an account after a personal meeting, and for the codes it will ask for a passport, residence permit and personal identity code.
The personal identity code is issued together with the residence permit or on registration with the Digital and Population Data Services Agency. Under the Credit Institutions Act everyone legally resident in the European Economic Area has the right to a basic account, so with a residence permit it is opened at any Finnish bank. We will help you plan the steps before the move and make the first transfer.
An apartment in Finland: housing company shares and a 1.5% tax
Most apartments in Finland are sold as a block of shares in the housing company that owns the building: the buyer gets the right to live in the apartment and pays a monthly charge for the building's upkeep. The transfer tax on buying shares is 1.5% of the price together with the company loan share, and on buying a house with land 3%; the buyer pays the tax. For an apartment at $230,000 (€200,000) with no company loan the tax will be $3,400 (€3,000).
A house with land is registered to a buyer from outside the EU with a permit from the Finnish Ministry of Defence, and which route is open to you depends on your citizenship and residence permit. The money for the apartment arrives on the Finnish account before the day of the deal: on that day the buyer's bank sends the price to the seller, and the seller hands over the shares.
A manager will advise how to prepare the transfer for the apartment and the source-of-funds documents for the Finnish bank. Choosing an apartment is covered in how to buy an apartment in Finland.
A gift to a relative in Finland: €7,500 over three years tax-free
From 2026 a gift from one donor is taxed if it reaches €7,500 ($8,400) or more over three years; before, the threshold was €5,000. Gifts from one donor over three years are added together, so regular help from parents to adult children counts as one. The gift is declared within three months, and the tax office itself calculates the tax on the scale.
A student from a non-EU country needs $900 (€800) for each month of study for a residence permit, and for study of a year or more $11,000 (€9,600) on the account on the day of application, plus the first year's fee if there is one. This money is sent to an account in the student's name in advance, so the statement shows it on the application date; more on the status is on the Finland residence permit page.
What a Finnish bank will ask for up to $10,000, up to $100,000 and above
- up to $10,000: the payment purpose and a recipient name that matches the account; for rent a contract with the landlord is enough;
- $10,000-100,000: a 6-12 month statement and a document on the source - a sale contract, an income certificate, a dividend resolution;
- over $100,000: a full pack on the origin of the money over several years and the contract the transfer is for, for example a contract to buy housing company shares.
Deposits at one Finnish bank are insured up to $120,000 (€100,000) per depositor. Documents are gathered so that one pack suits both the sender's bank and the Finnish bank; the procedure is described in proof of source of funds, and a turnkey capital transfer on the capital relocation page. Tell a manager what amount you are sending, and they will say what the bank in Finland will ask.
Capital income in Finland: 30% and 34%
A Finnish resident is someone who lives in the country for more than six months in a row or has a permanent home here. A resident pays tax on worldwide income: on interest, dividends and the sale of assets - 30% up to €30,000 ($34,000) of capital income a year and 34% above that. Sending your own savings is not taxed. More on the taxes in Finland page.
We will help you send money to Finland
Mistakes cost more than fees: dollars on a euro account at the bank's rate, a large transfer before the residence permit and bank codes are ready, help to a relative without counting the three-year gift threshold, and apartment money arriving after the day of the deal. We will help you avoid them: we will plan the steps from the residence permit to the first transfer, choose the currency and route, gather source-of-funds documents and make the apartment payment exactly in time for the deal.
Details and cost are with a manager in the chat: a lot depends on the amount, the purpose of the transfer and your status in Finland.
A Finnish account as a base for Estonia, Sweden and the whole euro area
From a Finnish account money moves across Europe by instant euro transfer: to Estonia, Latvia, Germany or Spain it arrives in seconds. To Sweden and Poland the bank will send euros or exchange them into kronor and zloty at its own rate.
Sending money to nearby countries
- How to send money to Latvia
- How to send money to Estonia
- How to send money to Sweden
- How to send money to Norway
- How to send money to Switzerland
- How to send money to Denmark
The full list of countries is in the capital relocation section.
FAQ
How long is an account number at a Finnish bank?
What tax does an apartment buyer pay in Finland?
From what gift amount is tax paid in Finland in 2026?
How much money does a student need for a Finnish residence permit?
How much tax does a Finnish resident pay on dividends and interest?
Can you sign in to the Finnish tax office with bank codes?
We will suggest the best way to send your money
We will choose a transfer method for your amount and country, prepare the documents on the origin of the money for the bank, make the transfer through licensed partners and follow it until the money is credited. Ask your question in the chat - the manager will suggest the best terms and the cost. The legal side with banks and government bodies is handled by Murblz specialists and locally licensed partners.
Details and cost are with the manager in the chat. Describe your situation and we will reply right away.
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