How to send money to Latvia
Discover how to transfer money to Latvia at the lowest cost in a few easy steps
1. Make sure the Euro conversion rate is at your advantage
Making your transfer at the right time means more money arrives. Track the evolution of the Euro exchange rate and validate your transaction when the rate is at its highest level of the past days.
2. Compare more than thirty money transfer companies sending money to Latvia and find the best one.
Monito lists quite a few companies to make money transfers to Latvia, such as TransferGo, TransferWise, Western Union, MoneyGram, Currencies Direct. Optimize your transfer by comparing them all and go with the most competitive one for your money transfer.
3. Pick the best option for your transfer
Decide if you’re looking for the money transfer service with the most competitive pricing, fastest transfer speed, best ratings, or a good combination of the three.
In addition, it is important to consider the options to pay for the transfer and receive the money. Customers often have the possibility to transfer the money by a local bank transfer or by credit or debit cards. To receive the money in Latvia, you can decide if your want the amount in EUR to be transferred to your recipient's account or available for pick-up in cash at an agent location.
4. Sign up and start your transaction with the provider of your choice
Now is the time to sign up on the money transfer provider's online portal - be aware you will often need to give an ID and/or a proof of adress - and set upyour transaction.