Send money to Luxembourg

Find the best exchange rate and low fees when you send money to Luxembourg from the UK.

When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Sending money from the UK to Luxembourg doesn’t have to be expensive. Compare the transfer fees and exchange rates of the many options available to you to get the best deal.From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Luxembourg is easy. However, do your research and shop around for the best available deal.

Send money to Luxembourg with Azimo

  • Make the first THREE transfers for free using code AZ-FIND
  • Send money to bank accounts, phones or cash pick-up locations
  • Most transfers take less than a day
  • Send money to 195 countries in 60 different currencies
Promoted

Compare Money Transfer Services

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 2,500 1 day GBP 0.00 1.09 EUR
10,896
TorFX guarantee to beat any competitor's exchange rate for a transaction (conditions apply)
(Conditions apply)
Go to site Show details
GBP 1,000 1 - 2 days GBP 0.00 1.089 EUR
10,885
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.
Go to site Show details
GBP 3,000 1 day GBP 0.00 1.087 EUR
10,874
Make an informed decision with a personal touch, whether it's a business or personal transfer, with rate alerts, charts and live rates to help you make your choice. Go to site Show details
GBP 2,500 1 day GBP 0.00 1.086 EUR
10,863
Make transferring money abroad as simple and safe as possible with bank-beating exchange rates - online, via the app or over the phone. Go to site Show details
GBP 0 1 - 2 days GBP 0.00 1.089 EUR
10,885
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 1.00 1.051 EUR
10,512
Instant or 1 hour transfers to over 50 countries, send money directly to bank accounts or over 280,000 cash pickup points. Go to site Show details
GBP 50 2 days GBP 2.99 1.086 EUR
10,860
Send money online anytime, anywhere, with a simple to use platform and transparent fees and exchange rates shown upfront. Go to site Show details
GBP 1,000 1 - 2 days GBP 0.00 1.086 EUR
10,863
Fast, fee-free transfers and great exchange rates. Book transfers over the phone through a dedicated dealing team or by using Virgin Money’s 24/7 online platform. Go to site Show details

Compare up to 4 providers

Compare all international money transfer providers

How do international money transfers work?

An international money transfer allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which then sends the money to your recipient in another country — in this case, Luxembourg. This can be done in person, over the phone, through a mobile app or online. You can use cash, a credit or debit card, or transfer funds from your bank account, which will then either be deposited into your recipient’s bank account or mobile wallet, or made available as cash for them to pick up at a location in their country.

If you need to send money overseas to Luxembourg, here’s the help you need in picking the right option.

Banks versus money transfer companies

David Schmit first visited the UK as a teenager. Ever since, he wished to relocate to this country. Now that he’s here and has a steady job, he wants to send some euros back home to Luxembourg to his mother who lives alone. He plans to send around £500 every other month.

He has an account with a major bank in the UK. While he can use its services to send money to Luxembourg, he thinks he might be able to get a better deal. He goes online to compare his options. This is what he finds.

UK bank Money transfer service
Exchange rate £1 = €1.2445 £1 = €1.3061
Transfer fee £25 £0
Amount received for £500 €622.25 €653.05
Transfer time 1-12 days One day
Transfer options Bank account Bank account
Difference of €30.08

When compared to his bank, the money transfer company resulted in a more profitable transfer. It also got the money to his mother sooner. David choosing to go with the money transfer company comes as no surprise.

Back to top

Foreign exchange rates explained

The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the pound was worth approximately 26 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

How do I compare transfer companies when sending money to Luxembourg?

While money transfer companies tend to rate better than banks in the field of international fund transfers, not all are equal. When comparing your options, pay attention to these factors:

  • Exchange rate and fees. A money transfer company may offer highly competitive exchange rates, but it may also charge high fees to compensate for the savings. The reverse holds true as well. This is why you should look at how much money the recipient will receive at the end of the transfer.
  • Ways to send money. The most financially viable option might not be the most convenient. Most banks and some money transfer companies let you send money to Luxembourg in person at a branch office. Some of these businesses let you transfer funds over the phone. You can also find money transfer companies that offer their services through the internet.
  • Ways to receive money. The recipient can get money directly into a Luxembourgian bank account. Another option is to collect the transferred money by visiting a cash pickup location.
  • Turnaround time. The quickest way to send money to Luxembourg is to get the recipient to collect money at a cash pickup location. These transfers can happen almost instantly. If you’re transferring money to a Luxembourgian bank account, the turnaround time depends on the transfer company you use.
  • Using the same bank. If you and the recipient have accounts with the same bank, using its services to transfer funds can be to your advantage. This would be through reduced fees and a quicker turnaround time.
  • Minimum amounts. Some money transfer companies have minimum transfer limits.
  • Transfer options. If you plan on sending money to Luxembourg periodically, look for a company that lets you make scheduled payments. Some also offer forward contracts, which allows you to lock in an ideal exchange rate now and transfer the money later.
  • Customer service. If you need to contact a company representative for any reason you should be able to do so online as well as over the phone.
Back to top

How do I send money to Luxembourg from the UK?

You can send money from the UK to Luxembourg using different methods, through banks or non-banking institutions:

  • Banks. Check with your bank to find out if it lets you send money to international bank accounts. If it does, you may be able to initiate the transfer online, over the phone or in person. Buying a money order from a bank and mailing it is another option.
  • Non-banks. Money transfer companies such as Western Union and MoneyGram let you send money to Luxembourg in person or online. The recipient can receive the funds in a bank account or at a cash pickup location. You can also use the services of PayPal to send money to Luxembourg. Opening a PayPal account takes little time and does not cost any money.
Back to top

Emergency cash transfers in Luxembourg

There are certain situations when you might need to send a transfer as quickly as possible. When you do need to send an emergency transfer, remember that you will usually have to pay extra in order to get your funds to your beneficiary ASAP. Make sure to check the exchange rate and fees that apply so you know exactly how much it will cost.

Find a money transfer location near you

Back to top

What are the steps to send money to Luxembourg?

The steps involved in sending money to Luxembourg can vary depending on the method you select:

  1. Transferring to a bank account. You’ll have to provide the recipient’s name, account number, bank’s name and bank’s routing number. If you’re using your bank’s services, you should be able to transfer money using its online banking platform. If you’re using a money transfer company, you’ll need to provide your bank account, debit card or credit card details.
  2. Cash pickup. If you’re sending cash in person you’ll have to provide the recipient’s name along with a desired cash pickup location or the recipient’s bank account details. If you’re sending money online, you’ll need to provide your contact details as well as your bank account, debit card or credit card details.
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site