Banking
Estonia — Banking: International Transfers
Estonia uses the Euro as its official currency and has a digital banking system that supports international transfers, with varying fees and exchange rates, and transfer processing times that can vary by bank.
VerifiedGovernment / official sourceaccess business banking and payment solutionsLast reviewed: 2026-10-22
Key facts
- Estonia uses the Euro as its official currency
Steps
- Initiating an International Transfer — The exact steps for initiating an international transfer in Estonia are unclear, but it is likely to involve logging into a bank account online or through a mobile app and selecting the international transfer option.
- Receiving an International Transfer — Details on receiving an international transfer in Estonia are also unclear, but it is likely to involve providing the recipient's bank details and a payment reference number
- Potential Fees and Exchange Rates — Fees and exchange rates for international transfers in Estonia may vary depending on the bank and transfer method, and could be subject to change.
Costs
- Transfer fees: varies by bank and transfer method
- Exchange rates: varies by bank and transfer method
Timelines
- Transfer processing time: varies by bank and transfer method
Required documents
- Recipient's bank details
- Payment reference number
Common mistakes
- Using a bank that does not offer international transfer services
- Failing to provide correct recipient bank details