Best way to send money to Lithuania from Canada | Finder Canada

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How to send money to Lithuania

How to send a fast, secure and affordable money transfer to Lithuania from Canada.

If you want to send money to Lithuania, for travel expenses or to pay bills, there are a number of decent options to complete your transaction. So how do you make sure you choose the right fit for you? Look for a service that offers the best exchange rates with low transaction fees.

Compare Money Transfer Services

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 1 Same day CAD 0.00 0.667 EUR
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
CAD 0 Within an hour CAD 3.99 0.668 EUR
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
CAD 1 1 - 2 days CAD 40.00 0.671 EUR
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
USD 150 1 day CAD 15.00 0.664 EUR
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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. It’s often best to opt for an online transfer service if you want to avoid high transfer fees and lower-than-average exchange rates, largely due to the fact that those services specialize in offering convenient and affordable international transfers. Since these companies are prone to trading in large volumes of currency every day, they are in a better position to offer competitive exchange rates with lower fees than most banks.

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 $1,000 with either a bank or an online international money transfer company.

A Canadian bankMoney transfer company
Exchange rate1 CAD = 0.6231 EUR1 CAD = 0.6420 EUR
Transfer feeCAD$22CAD$10
Transfer methodOnline, phone or branchOnline 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 (about CAD$30) in the exchange rate alone, with an additional CAD$12 savings in fees, by selecting the online money transfer service over her bank.

Today’s exchange rate CAD to EUR

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

Camilla’s experience is indicative of the fact that you can save a lot of money when you compare your money transfer options. Different money transfer services have different fees, exchange rates and pick-up methods so it’s important to decide which service works best for you by comparing your options:

  • Exchange rates. Exchange rates fluctuate regularly, and even a small margin of difference can add up when you calculate the total cost.
  • Transfer fees. Many providers will tack on transfer fees for sending money overseas, while others will have zero fees but higher exchange rates. Don’t forget to break out your basic math skills, to figure out which is the best option.
  • Transfer methods. There are a number of methods to transfer funds, including online, over the phone or by visiting a branch.
  • Speed of transfers. Some transfers can take a few minutes while others can take days. It’s best to figure out how quickly your recipient will need the funds before you settle on a service.
  • Minimum amount. Minimum and maximum amounts vary by company, with limits as high as $1,000.
  • Pick-up methods. Some companies will allow your recipient to collect their cash in person by visiting an agent location, while others will offer transfers directly into your recipient’s bank account.
  • Customer service. The level of customer service on offer will depend entirely on the company in question, but it’s a good idea to check online ratings and customer feedback before settling on a service.
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Sending money to Lithuania from Canada

  • Bank transfers. Some Canadian banks are able to offer transfers to banks in Lithuania, so you should check with your financial institution for more information.
  • Online money transfer providers. Companies like TorFX and XE Money Transfer make it easy for you to send fast and easy online transfers to Lithuania.
  • Money transfer companies with cash pick-up options. Services like Western Union and MoneyGram enable you to transfer money to a large selection of cash pick-up 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 MarkupCAD$1,000 in € after fees deducted
Canadian Forex$15$0.6380€623.00
Currency Solutions$0$0.6420€642.20

Rates updated as of 17 February 2018

Emergency cash transfers in Lithuania

Sometimes, a situation will arise where you’ll need to transfer funds urgently, for example, if you have a relative travelling through Lithuania who has had their wallet stolen. If you’re going to make an emergency transfer, double check the exchange rate being offered and familiarize yourself with applicable fees. In addition, look around for a money transfer provider that has quick turnaround times, as well as an assortment of store locations where your recipient can pick up their cash. Having the cash in hand within a few minutes instead of waiting 24 hours can often make a huge difference.

Cash pick-up locations in Lithuania

With branches in Lithuania and in various parts of the world, both Western Union and MoneyGram are well-known for offering convenient international money transfers with a less-than-24-hour wait time. Listed below are links for each company’s in-country cash pick-up locations. Before picking up cash, it’s important to double-check that you have the proper identification, as well as a reference number and transfer details to make sure your transaction goes off without a hitch.

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, which includes pick-pocketing and purse-snatching occurs, particularly on public transport and in bars and restaurants. When picking up cash, be extra careful around cash machines, avoid isolated areas and refrain from walking 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 sending 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 review the details of your transfer closely and then submit your transaction request. Many providers will allow you to track the progress of your transfer online.

Background for Lithuania

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 the re-establishment of its 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.

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