How to send money to Lithuania

Find the best exchange rates and the lowest fees when you want to send money from the UK to Lithuania.

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If you need to send money to Lithuania, you won’t have any trouble finding a transfer company that can help you transfer the funds. Before you choose a company, compare your options to see which provider offers the best exchange rates and lowest fees.

Send money to Lithuania with WorldRemit

  • Use the code 3FREE to pay no fees on your first three money transfers
  • Choose how you want to send your money - via bank transfer, cash pickup or mobile money
  • Instant money transfers available
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Compare services that send money to Lithuania from the UK

Table: sorted by a combination of service offering and the amount your recipient will receive

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 1 - 2 days GBP 0.00 1.156 EUR
1,156
Whatever amount you transfer, XE will not charge you a fee for using their service. Go to site Show details
GBP 50 Same day GBP 2.99 1.163 EUR
1,159
Use promo code 3FREE to send your first 3 transfers with no fee.
Send money online anytime, anywhere, with a simple to use platform and transparent fees and exchange rates shown upfront.
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GBP 1,000 1 - 2 days GBP 0.00 1.156 EUR
1,156
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
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Compare up to 4 providers

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

How do international money transfers work?

An international money transfer allows you to convert money from one currency to another and send it to a recipient overseas. You’ll work through a bank or independent provider either online, over the phone or in person. Paying is just as simple, with most providers allowing you to use a card, cash or automatic bank withdrawal to fund your transfer. Your recipient can then pick up their cash or have it deposited into their bank account, whichever is easier.

Banks versus money transfer companies

A bank might be your first thought when considering where to go to make a money transfer, but they often charge high fees and don’t offer the best exchange rate. Instead, consider finding an independent money transfer company. These offer fast, secure and much more affordable transfers to Lithuania and other countries around the world.

Foreign exchange rates explained

Exchange rates help you know how much one currency is worth when converted to another and are influenced by the global economic market. A strong currency will be worth more when exchanged with a weaker one. Since Lithuania uses the euro (EUR), you’ll find that you may gain a little when exchanging your pounds (GBP). This is because the pound is traditionally a little stronger than the euro.

You can see the daily exchange rates here

Case Study: Lucy sends money to Lithuania

Lucy is spending two years working in the UK and sending some of the money she makes back home to her parents in Lithuania. She checks with her bank, but the idea of paying the £30 transfer fee is too much to bear. Instead, she compares two money transfer companies in hopes of finding a more affordable solution for sending £1,000.

Money transfer company 1Money transfer company 2
Exchange rate1 GBP = 1.098 EUR1 USD = 1.071 EUR
Transfer fee£15£5
Transfer methodBank account depositBank account deposit
Processing time3 business days1-3 business days
Amount received in EUR for £1,0001,098 EUR1,071 EUR

As you can see, Lucy can send an extra 27 euros to her sister if she uses the first transfer company.

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

  • Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
  • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
  • Payment and delivery options. Some transfer companies allow you to pay with a credit card online, by phone or through an app. Others offer agent locations for cash payments and pickups. Also ask how your recipient can receive your funds: bank account, cash pickup, mobile wallet and more.
  • Transfer speeds. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you have more time, you’ll get better rates and fees with an independent provider.
  • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
  • Flexible transfer options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
  • Customer support. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.
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How do I send money from the UK to Lithuania?

  • Bank transfers. Nearly every bank will allow you to send money to Lithuania.
  • Money transfer providers. Providers like Ria and TransferWise can help you quickly and easily transfer your money online.
  • Providers with cash pickup. Western Union and MoneyGram allow you to send funds for cash pickup at agent locations.
  • PayPal. PayPal allows you to send money all over the world.

How safe is a money transfer?

When you use a reputable provider, your funds are safely tracked until in the hands of your recipient. It’s industry standard for international money services to use 128-bit SSL encryption systems at a minimum. Many also are licensed with UK financial regulators.

What are the steps to completing a money transfer?

  1. Register for an account with a provider, supplying your name, address, contact details, proof of ID and information about your selected payment method.
  2. Supply your recipient’s name, contact information and bank account details as required.
  3. Enter the amount of your transfer and complete the transaction.
  4. Keep track of any receipt you receive so you can monitor the progress of your transfer.

Same-day cash transfers

Sometimes you need to send a money transfer to a friend or family member in Lithuania. A same-day transfer is possible, but it will cost you. Most money transfer companies charge a hefty fee and offer less optimal exchange rates. Unless it’s an emergency, most cash transfers will be better for you and your recipient if you opt not to make a same-day transfer.

Tips for picking up cash in Lithuania

Here are a few handy tips to avoid making yourself a target for thieves when picking up cash in Lithuania.

  • Visit during daylight hours and know the area well.
  • Take a friend with you. Extra eyes can help spot potential trouble.
  • Deposit your money quickly in a bank or safe.
  • Keep your cash on your person, not in a purse or bag.
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Global Reach
Global Reach
Send money overseas in a few simple steps Lock in your exchange rate for up to two years Best exchange rate guarantee Personalised quotes and professional customer service
WorldRemit
WorldRemit
Use the code 3FREE to pay no fees on your first three money transfers Choose how you want to send your money - via bank transfer, cash pickup or mobile money Instant money transfers available
Currencies Direct
Currencies Direct
Currencies Direct make moving money abroad simple, swift and secure. Great rates, no fees and expert support whether you transfer online, over the phone or by app. Available in more than 200 countries and 40 currencies
TransferWise
TransferWise
Sign up and start sending money within minutes with this peer-to-peer transfer service Transfer money at the mid-market exchange rate No hidden fees Transfers from pounds typically only take one day
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