How to send money to Luxembourg
Find out how to make a money transfer to Luxembourg at the best rate in 4 easy steps
1. See if the EUR exchange rate is in your favor
Even though the currency market is unpredictable, it can help you save money to stay on top of it so that you can optimize how many you will receive for your money. It's a good idea to subscribe to our smart alerts to monitor the EUR mid-market rate against your currency.
2. Find the most interesting option by comparing the available providers.
Monito compares many providers able to send money to Luxembourg, such as TransferGo, TransferWise, Western Union, MoneyGram, CurrencyFair. Going with the right money transfer provider from the list is a sure way to save on fees and exchange rate.
3. Pick the best service that suits your needs
Based on which criteria will make your choice? Overall cost, speed, user ratings? Consider the pros and cons before deciding which provider to use.
You may also want to pay attention to the options to pay for the transfer and receive the money. Bank transfer or credit/debit cards are the most common payment methods to send money to Luxembourg online. At the other end, in Luxembourg, look at different options if you need the amount in EUR to be sent directly to the recipient's bank account or available for pick-up in cash at an agent location.
4. Sign up and get started wih your transaction to Luxembourg with the provider of your choice
Go to the provider's website to sign up - be aware you will often need to give an offical ID and/or a proof of adress - and configure your transaction.