When you need to send money to Lithuania you will discover that there are a number of different ways of doing so. Equally, there are a variety of reasons to send money (lita) to Lithuania, be it to purchase a property, transfer money to friends and family or move your pension.
But whatever your reason, be sure to research your choices carefully so that you don’t waste money.
Your first main option is to use a high street bank in your country of residence to send Lithuanian litas. This should enable you to set up a transfer with just one phone call or in-branch visit.
However, you should expect to pay a per-transfer fee every time you send money to Lithuania with a bank. When added to the poor litas exchange rates on offer, using a bank is unlikely to be the best value.
You might want to look into using a Money Sending bureau instead, but don’t expect their rates to be much better. The advantage of Money Sending bureaus is the fact that they allow you to send money to Lithuania even if your recipient does not have access to a bank account.
Unfortunately, the per-transfer fees with these establishments come in at between ten and 15 per cent and the foreign exchange rates are not particularly competitive.
If you want to get access to a more competitive rate then a foreign exchange specialist could be a better option. On top of great litas exchange rates, Xendpay can also provide a fee-free service when transferring money to Lithuania.
Why not open an online account with us today to check out the rates on offer? It’s free, quick and easy to do and there is no commitment to sending money to Lithuania with us.