Finland which is officially referred to as the Republic of Finland is a Nordic Country located in Northern Europe. It covers a land mass area of about 340,000 square km and has a population of 5.6 billion. A vast majority of this country’s population is made up of Finnish, Ethnic, Swedes, and other races who migrated and have grown over time. Based on Statistics, 8.5% of the total population of Finland, is made up of immigrants, and it is estimated that by 2050, there will be almost 1.2 million foreigners in Finland.
From the graph above, it can be seen that the number of immigrants is growing gradually, as it started with a total figure of 29,481 in 2011 and grew to a total of 36,364 immigrants.
Most individuals migrate to Finland to seek better opportunities and greener pastures. They also migrate with the goal of sustaining a living to the extent that they can provide for their families back home.
There is a strong interconnection between immigration and remittances, generally speaking. Just as immigration has grown gradually over the years, so have remittances. By the way, remittances are funds transferred from migrants to their home country.
Most immigrants who migrate to countries like Finland, end up achieving their goals, which is to improve their standard of living for themselves and their families. Being able to contribute to the well-being of the family and improve their standard of living is made possible through remittances. Based on World bank data, most families receive $200-$300 every month in remittances, and this is mostly like to increase as immigration rises.
The growth of remittances over the years is not only due to the high rate of immigration in countries like Finland but also because of Technology because immigrants can now send money to their families from the comfort of their homes and within a short period of time, instead of having to stand on long queues in the bank. And the good news is that; These international payments can also be processed at a low fee, thanks to ATL money transfer.
ATL money transfer is a platform solely dedicated to making your transaction Secure, swift, and seamless. We are based in London, United Kingdom, and our mission is to make money transfers transparent and secure for everyone. Thousands of transactions are handled by us daily, and we provide financial inclusion to millions of people with great exchange rates and low fees.
How to send money overseas from Finland, with ATL money transfer?
To make a payment using our site, simply follow the steps below;
- Visit the website or download the ATL money transfer app
- Enter the amount you wish to transfer
- Fill in the details of the recipient
- You will then be directed to the payment section, after which your transaction is complete.
What do we offer?
- Low fees
- Smooth transactions
- 24/7 customer support
- A wide network of countries to send to and from.
- Quick payments and many more.
Frequently Asked Questions
Do International payments have Limits, when using your platform?
There is no limit for transactions when using our site, but do note that banks may set a daily limit.
How long will my Payment Take?
This is highly dependent on the chosen mode of Transfer. But all Payments require a maximum of 24 hours to complete.
Is it Possible to send money directly to a bank account in Finland, with ATL money transfer?
Yes, it is possible, visit our site now to get started.