Send Money to Lithuania


Take the time to look around for the best deal when you need to send money to Lithuania – you could do your wallet a big favour.

Sitting as the southernmost of Europe’s Baltic states, this former Soviet bloc nation borders Poland, Latvia and Belarus. With its stunning coastlines and vibrant timeworn capital, Lithuania strikes a fine balance between pristine natural beauty and eclectic city life. In 2016, Canada celebrated the 25th anniversary of its re-establishment of diplomatic relations with Lithuania (following the country’s independence from the Soviet Union), and the relationship between the two countries has never been stronger, with around 50,000 Lithuanian-Canadians underpinning bilateral relations.

When it comes to sending money to Lithuania, for travel or remittances, Canadians have a virtual smorgasbord of suitable options. So how do you make sure you choose the right service for you? Look for one that offers the most return on your dollar, with better exchange rates and lower transaction fees.

Compare Money Transfer Services

Rates last updated February 22nd, 2018
Name Product Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received Description
TorFX International Money Transfers
USD 150
1 day
Online, Phone, Agent
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.

Send money overseas in 45 currencies.
Exclusive: OFX (Ozforex) International Money Transfers
USD 150
1 day
Online, Phone, Agent
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
HiFX International Money Transfers
2 days
Online, Phone, Agent
Make your first transfer for free

Send money in more than 40 currencies.
Exclusive: World First International Money Transfers
USD 1,000
1 day
Online, Phone
Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

Compare up to 4 providers

Banks versus money transfer companies

Depending on your financial institution, you may be able to send funds to Lithuania through your bank, but this doesn’t mean that they should be your go-to. Why not? Banks are notorious for jacking up exchange rates and charging exorbitant fees. When it comes to transferring funds overseas, many Canadians opt instead for online transfer services, specialized in offering safe, simple, convenient and affordable international transfers. Since these companies trade in large volumes of currency every day, they are better-positioned to offer competitive exchange rates with lower fees than the bank.

Case study: Camilla Sends Money to Lithuania

Camilla has just arrived in Toronto and will spend two years in Canada, studying and working on a student visa. She lands a well-paying job in her first semester and makes arrangements with her parents to send part of her paycheque back home to Lithuania. Although she has a Canadian bank account, she wants to see how much it will cost to transfer $1000 with both the bank and an online international money transfer company.

Big four Australian bankMoney transfer company 2
Exchange rate1 CAD = 0.6231 EUR1 CAD = 0.6420 EUR
Transfer fee$22$10
Transfer methodOnline, phone or bankOnline transfer
Processing time1-3 working days1-3 working days
Amount received (in EUR)€623.10€642
Difference of€18.90

Camilla realizes that she can save approximately €18.90 (approximately $30) in the exchange rate alone, with an additional $12 savings in fees, by selecting the online money transfer service over her bank.

How do I compare transfer companies when transferring and receiving money via Lithuania?

Camilla’s experience shows that you can save a lot of money by comparing your money transfer options. Different money transfer services offer different fees, exchange rates and pick-up methods so consider the following features when deciding which service to choose:

  • Exchange rates. Even a small difference in rates can add up to a big difference when you calculate the total cost of a transfer, so don’t hesitate to make comparisons before committing to a service.
  • Transfer fees. Many providers will waive a transfer fee if you send more than a certain amount of money. If you don’t exceed this amount, you’ll have to pay a charge for the privilege of transferring money.
  • Transfer methods. Can you send funds online, over the phone or by visiting a branch? Find out if the transfer fee changes depending on which method you use.
  • Speed of transfers. How long until your money can be accessed in Lithuania? For emergency transfers, look for a company that offers the fastest possible turnaround times.
  • Minimum amount. Many companies will require you to transfer a minimum amount in order to use their services. This minimum limit could be as high as $1,000, so look for a company that suits your needs.
  • Pickup methods. While some companies allow your recipient to collect cash in person by visiting an agent location, others offer transfers direct to your recipient’s bank account.
  • Customer service. Search for a company that has an excellent reputation for customer service, with both telephone and live chat support options available.
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Sending money to Lithuania from Canada

  • Bank transfers. Some Canadian banks will offer transfers to banks in Lithuania, so you should check with your financial institution for more details.
  • Online money transfer providers. Companies like WorldRemit allow you to lodge fast and easy online transfers to Lithuania.
  • Money transfer companies with cash pickup options. Companies such as Western Union and MoneyGram allow you to transfer funds that can be picked up from a number of local agent locations in Lithuania.
  • Cheques. Posting an international guaranteed cheque to Lithuania is a slow but secure money transfer method.
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Compare Money Transfer Services

Money Transfer ServiceTransfer Fee (CAD)Exchange Rate MarkupTotal in € with fees deducted (from $1000.00)
Canadian Forex$15$0.6380623.00
Currency Solutions$0$0.6420642.20

Rates updated as of 17 February 2018

Emergency cash transfers in Lithuania

There are some situations where you need to transfer funds urgently, for example, if you have a relative travelling through Lithuania who has had their wallet stolen. When you make an emergency transfer, double check the exact exchange rate you are being offered and familiarize yourself with any fees that may apply. In addition, search for a money transfer provider that offers quick turnaround times, as well as store locations where your recipient can pick up their cash. Having the money within a few minutes instead of waiting 24 hours can often make a huge difference.

Cash pickup locations in Lithuania

With branches in Lithuania and all around the world, Western Union and MoneyGram offer convenient international money transfers. Below are some details for each company’s most popular cash pick-up locations. Word to the wise: make sure to bring along identification, as well as a reference number and transfer details when picking up money.

Western Union
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Tips for picking up cash in Lithuania

If you do plan to visit Lithuania, the Government of Canada recommends that you exercise a normal degree of caution (as of 17 February 2018). The crime rate is low; however, violent crime, including mugging, does occur. Petty crime, such as pickpocketing and purse snatching, also occurs, particularly on public transport and in bars and restaurants. When picking up cash, be extra careful around automated banking machines (ABMs), steer clear of isolated areas and never walk alone at night, particularly in the Central Station, Naujininkai, Old Town and Užupis neighbourhoods of Vilnius.

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What are the steps to send money to Lithuania?

  • Sign up for an account. The first step is to sign up for a free account with a transfer provider. This can usually be done online by providing your contact details, proof of ID and bank account information.
  • Enter your transaction information. Input amount, currency and destination country.
  • Finalize your transaction. The final step is to closely review the details of your transfer and then submit your transaction request. Many providers will allow you to track the progress of your transfer online.
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