Why Study in Finland?
Finland is one of the top destinations for international students, attracting hundreds of thousands of students annually. With world-class universities, diverse culture, and strong post-study work opportunities, it remains a top choice.
Key Financial Requirements for Finland
Students on a residence permit in Finland need to demonstrate financial capability. Here's what you need:
- Proof of funds: Enough to cover tuition + living costs for 1 year
- Currency: EUR
- Bank account: Local account recommended within first week of arrival
Best Bank Accounts for International Students in Finland
Transfer money internationally with real mid-market rates and low fees. Trusted by 16M+ customers.
Send Money with Wise →
Opening a local bank account in Finland is essential for receiving stipends, paying rent, and managing daily expenses without international transaction fees.
Top Options:
- Wise: Multi-currency account available in Finland, excellent for transfers
- Local bank: Open a local bank account within the first week of arrival
- Revolut: Works in Finland, no foreign transaction fees
- Your home bank's international card: Use as backup while setting up local account
How to Send Money to Finland as a Student
Transferring tuition fees and living expenses to Finland is a major financial task. Here's how to minimize costs:
| Provider | Fee | Exchange Rate | Best For |
|---|---|---|---|
| Wise | ~0.5-1% | Mid-market | Regular transfers |
| Remitly | Varies by amount | Competitive | Urgent same-day transfers |
| Flywire | Low for tuition | University rate | Direct tuition payments |
| Western Union | Higher | Marked up | Cash pickup option |
SIM Card for Finland
Before you land: Get an eSIM that works in Finland — activate it before your flight and have data from the moment you land.
After arrival: Get a local SIM for the best rates on long-term plans.
Health Insurance in Finland
Students in Finland on a residence permit may need to purchase health insurance. Check your university requirements and compare plans.
Cost of Living in Finland
Living costs vary significantly by city. Budget carefully:
| Expense | Monthly Estimate (EUR) |
|---|---|
| Accommodation | EUR 800–1,800 |
| Food & groceries | EUR 300–500 |
| Transport | EUR 80–150 |
| Phone & internet | EUR 30–60 |
| Entertainment | EUR 100–200 |
| Total | EUR 1,310–2,710 |
Part-Time Work in Finland
Check the specific work rights under your residence permit in Finland. Most student visas allow 20 hours/week during term time.
✈️ Getting There & Exploring
Find flights and book experiences in your new city:
Affiliate links — we may earn a commission at no extra cost to you.
🌍 Get the Free Study Abroad Finance Checklist
The exact steps to set up your finances before you land — bank account, money transfers, SIM card, forex card & health insurance.
🔒 Free 5-page PDF. No spam. Unsubscribe anytime.