Send a Global Money Transfer Online to Latvia

Information verified correct on December 10th, 2016

Latvia

Compare exchange rates, transfer fees and transaction speeds when you need to send money to Latvia.

Located on the shores of the Baltic Sea, Latvia boasts a diverse culture, world-renowned architecture and a beautiful Old Town that dates to medieval times. If you ever need to send money from Australia to Latvia or vice versa, there’s no shortage of banks and other money transfer providers who can manage the transaction for you. But with low exchange rates and high transaction fees a common risk with such transfers, it pays to shop around to find value for money.

Compare Money Transfer Services

Rates last updated December 10th, 2016
Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
WorldRemit International Money Transfers
An online money transfer service ... with cash pickup, bank account to bank account and airtime transfers available.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
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World First Foreign Exchange
Transfer money into a range ... of currencies online and over the phone.
USD 500 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
Transferwise International Money Transfers
Make online transfers in a ... range of currencies and enjoy high maximum transfer amounts.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money between 20 currencies ... and enjoy scheduled regular transfers. No fee for transfers over US $5,000.
USD 100 2 days
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
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Travelex International Money Transfers
Get your foreign currency delivered ... to your home or pick up at a store.
USD 500 2 days
Online
Rates are always
changing, click to check
your price today
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Currencies Direct International Money Transfers
$0 online transfer fee that ... you can access 24/7.
USD 100 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
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USForex International Money Transfers
Take advantage of competitive exchange ... rates and cheap transfer fees.
USD 150 1 day
OnlinePhoneAgentInternational Money Order...
Rates are always
changing, click to check
your price today
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MoneyGram International Money Transfers
Send money anywhere, from anywhere.
USD 1 Same day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
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TorFX International Money Transfers
TorFX guarantee to beat any ... competitor's exchange rate for a transaction. Conditions apply
USD 100 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
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Western Union Money Transfers
Send money online to friends ... and family around the world with Western Union.
USD 1 Same day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
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Banks versus money transfer companies

Many people just go to their bank when they need to send money overseas and don’t bother doing a little bit of research to see if there might be a better deal around. The problem with this approach is that banks are a long way down the list of the most affordable money transfer providers. The dismal exchange rates and typically high fees offered by banks mean that your transaction can end up being a whole lot more costly than you might expect. That’s why it’s an excellent idea to shop around for better value for money, and there’s a fair chance you’ll find it from a specialist money transfer company. These providers are experts when it comes to sending money around the world, offering safe and convenient transfers that are also affordable. Their exchange rates are higher and their fees lower than those you will get from the banks, so even a quick comparison between transfer providers can save you a heap of cash.

Case Study: Lukas Sends Money to Latvia

Lukas wants to send a $1,000 gift from Australia to his parents in his home country of Latvia. He wants them to spoil themselves for their anniversary, but he doesn’t want the transaction to cost him any more than it has to. Instead of using his bank, which charges a $25 transfer fee, he contacts two specialist transfer companies to check out whether they offer value for money. As the table below shows, Lukas can save AUD $10 in transfer fees by using the second company and he can also send an extra 9 LVL to his parents.

Money transfer company 1Money transfer company 2
Exchange rate1 AUD = 0.34711 AUD = 0.3561
Transfer fee$10$0
Transfer methodOnline transferOnline transfer
Processing time1-3 days1-3 days
Amount received (in LVL)347.10 LVL356.10 LVL
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How do I compare transfer companies when transferring and receiving money via Latvia?

  • Exchange rates. Even a seemingly minor difference in the exchange rate can equate to a much larger amount of money arriving to your beneficiary. Shop around for the transfer provider that regularly has the best exchange rates.
  • Transfer fees. Compare how much each company will charge you when you need to send a transfer. Also, check to see whether there are any hidden fees you should be aware of.
  • Transfer methods. Do your research to find out whether the company offers convenient transfer methods for you. Can you place transfers online or in branch, and does it offer phone and smartphone app transfers?
  • Flexible options. Does the company offer flexible transfer options such as forward contracts, market orders, and the ability to set up a recurring payment plan?
  • Turnaround time. Transaction processing times range from a few minutes to multiple business days, so make sure the turnaround time available suits your needs.
  • Transfer limits. Some companies impose minimum and maximum limits on the amount you can send, which can be restricting if you need to send small or large amounts.
  • Pickup options. Some providers offer bank account transfers while others offer cash pickup transfers.
  • Customer service. If you ever have a problem or a question, how will you be able to access customer service? Is it available during convenient hours?
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How do I send money to Latvia from Australia?

  • Specialist transfer companies. TorFX and World First are two companies that offer this service.
  • Cash pickup transfer providers. Western Union and MoneyGram are the two largest cash pickup transfer companies in the world.
  • PayPal. Did you know that PayPal also operates a handy international money transfer service?
  • Bank transfers. Banks can help you send transfers all around the world, but they usually don’t offer great value for money.
  • International guaranteed cheques. Speak to your bank about the cost involved in obtaining an international cheque and posting it to Latvia.

How do I receive money from Latvia in Australia?

  • Specialist transfer companies. Start researching now to find out which companies offer transfers from Latvia to Australia.
  • Cash pickup transfer providers. Start the search for the Western Union or MoneyGram location closest to you.
  • PayPal. Check out the fees and features of PayPal international transfers to see if this service is right for you.
  • Bank transfers. Another option is to receive a transfer from a Latvian bank account to your Australian bank account.
  • International guaranteed cheques. Make sure you’re aware how much your bank will charge in fees when you cash an international cheque.
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Emergency cash transfers in Latvia

If you need to send cash to Latvia in an emergency, there are some companies who can get the money to your recipient in as little as 10 minutes. Be warned, however, that urgent transactions generally hurt your hip pocket more. They attract higher transfer fees and lower exchange rates than normal, so it’s essential that you double check all the details of the transaction before you hand over your cash.

Cash pickup locations in Latvia / Western Union / MoneyGram branches in Latvia

If you want to send cash that your recipient can access from a nearby transfer branch in Latvia, Western Union and MoneyGram can help. Both companies run large international transfer networks and offer prompt and secure transfers. The details of some popular cash pickup locations in Latvia are below – your beneficiary will need to present photo ID and a transaction ID number when collecting funds.

Western Union

Riga

  • Banknote Merkela Str 9Riga, Centrs +371-20259778Open 8am to 8pm seven days
  • Banknote Marijas Str 1 Riga, Centrs +371-2546356Open 9am to 8pm Monday to Friday, 10am to 7pm Saturday and Sunday

Daugavpils

  • Banknote Viestura Str 70a Daugavpils, Latgale +371-20258388Open 8am to 8pm Monday to Friday, 9am to 8pm Saturday and Sunday
  • Latvijas Pasts Viestura 2 Daugavpils, LV 5405 +371-67608347Open 9am to 7pm Monday to Friday, 9am to 1pm Saturday

MoneyGram

Riga

  • AS Privatbank Muitas Iela 1Riga, LV-101067852350Open 9am to 6pm Monday to Friday
  • Valutas Maina Marika (1st floor)Brivibas Iela 30Riga, LV-101067286760 Open 24/7

Daugavpils

  • AS Privatbank Rigas Iela 40Daugavpils, LV-540365410600Open 9am to 6pm Monday to Friday
  • Money Express Latgales Iela 15/2Rezekne, LV-460127700442Open 8am to 8pm Monday to Saturday, 9am to 5pm Sunday

Tips for picking up cash in Latvia

Although Latvia is classified as a safe country for Australian travellers to visit, you should still take a few basic steps to ensure your safety when picking up cash:

  • Take one or more friends along with you to deter thieves
  • Keep your money hidden and avoid displaying it in public
  • Don’t pick up cash anywhere you feel unsafe
  • Avoid high-crime areas
  • Don’t carry the money around with you for any longer than is completely necessary
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What are the steps to send money to Latvia?

  1. Register for an account. Most companies offer free online accounts that you can sign up for within minutes. You’ll need to provide your name, contact details and bank account information.
  2. Provide full transaction details. The next step is to provide information such as how much money you’re sending, in what currency and where to. You’ll also need to provide your recipient’s name and contact details.
  3. Pay for your transfer. Once you’ve reviewed the cost of your transaction you can pay for your transfer. You’ll usually be given a reference number that you can use to monitor the progress of your funds.
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US International Money Transfers Offers

Learn about our information service
WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

USForex International Money Transfers

Take advantage of competitive exchange rates and cheap transfer fees.

World First Foreign Exchange

Transfer money into a range of currencies online and over the phone.

Transferwise International Money Transfers

Make online transfers in a range of currencies and enjoy high maximum transfer amounts.

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