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    Do euro transfers from Finland to other EU countries cost more than domestic ones?

    What the EU rules on euro payment charges cover.

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    Short answer

    No. The European Commission explains that Regulation (EC) No 924/2009 requires banks to apply the same charges to domestic and cross-border electronic payments in euro. Your Europe adds that this includes transfers between bank accounts in different EU countries. So a euro transfer from a Finnish account to, for example, a German account should cost the same as a transfer to another Finnish bank. The rule does not cover transfers in other currencies.

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    Why

    1. The European Commission describes the rule on equal charges in Regulation 924/2009.
    2. Your Europe says the rule covers transfers between accounts in different EU countries.
    3. SEPA uses a single set of standards for domestic and cross-border euro transfers.

    Details

    SEPA covers the whole EU and some other European countries.

    Tip

    Ask your bank for its price list for transfers in other currencies, such as Swedish krona.

    What may differ

    Your own bank's domestic transfer fee is the benchmark. Some banks charge nothing for online transfers.

    Common misconception

    Sending euros to another EU country always costs extra.

    What actually happens

    Electronic euro payments in the EU must cost the same as domestic ones.

    People also ask

    • What does a Finnish IBAN look like?
    • What are instant payments in Finland?
    • Should I pay in euros or my home currency?

    Sources

    This answer is for reference only. Payment rules and fees change, so check the official sources or your bank before you pay.

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