Transfer Money to Latvia

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GBP

Comparing 5 providers

Sorted by highest amount received

Real exchange rate 1 GBP = 1.1511 EUR 30-day trend · Data from Xignite.com
Live
Best options for your transfer
Excellent Best Deal
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1431
Recipient gets
€ 22,862 EUR
+€300 more vs the typical bank
Go to Moneycorp ›
Very Good
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1421
Recipient gets
€ 22,842 EUR
Go to Western Union Business Solutions ›
Good
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1411
Recipient gets
€ 22,822 EUR
Go to World First ›
OK
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1401
Recipient gets
€ 22,802 EUR
Go to Smart Currency Exchange ›
OK
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1391
Recipient gets
€ 22,782 EUR
Go to UKForex ›
We get fees, exchange rates, and other details from money transfer providers, usually in real time. We try to keep this information accurate, but we can't guarantee it's always correct.

Questions you may have

Do I pay anything extra?
No. We may earn a commission, but you never pay more.
Is my money safe?
We only list regulated, licensed providers.
Why do rates change?
Exchange rates move constantly. We update results in real time.
What happens after I click?
You'll be redirected to the provider to complete your transfer securely.

Why Millions Use Us Before Sending Money

Regulated partners only

Real-time exchange data

Independent comparison

Best provider Moneycorp
Recipient gets € 22,862 EUR
Go to Moneycorp
Secure · No hidden fees

About Money Transfers to Latvia

Whether you are undertaking a work placement in Riga or importing goods from Daugavpils, we will help you maximise your money saving by finding you the best exchange rates and deals to suit your individual requisites.

Unlike banks, we specialise in currency transfer and are therefore able to offer you unmatched rates when you need to send Lats overseas. Our service is both equitable and unique and used by thousands of people across the globe to find a better deal on their money transfer to Latvia.

Last updated: May 08, 2014 Our methodology

Quick Facts: Latvia

Key information for sending money to Latvia

Transfer Speed
1 working day
Local Currency
EUR
Income Tax Rate
0-24%
Avg. Property Price/m²
1,344.99 EUR
Avg. Monthly Rent (3 bed)
463.33 EUR
IBAN Required
Yes

Money Saving Tips for Latvia

Expert advice for your international transfer

Prospective expats should apply for a temporary residence permit for stays of over 90 days from the Latvian offices of citizenship and migration affairs.

Prospective property buyers are advised to rent property to start with in order to get to know the area of choice and the infrastructure.

Expats must register at the Office of Citizenship and Migration Affairs and receive the Residence Permit if they wish to stay for more than 3 months.

As the economy is still developing, property buyers should engage in an English-speaking lawyer to avoid any risks.

What You Need to Send Money to Latvia

Checklist of recipient bank details required

IBAN e.g. LV80BANK0000435195001
International Bank Account Number
SWIFT/BIC Code e.g. BANKVLXX
Bank identifier for international transfers
Account Number
Recipient's bank account number
Account Holder's Name
Full name as it appears on the bank account

Popular Banks in Latvia

DNB Banka Regionala investiciju banka SEB banka Swedbank AS, Latvia UniCredit Bank Latvia Latvijas Biznesa banka

"When sending money to Latvia, always compare multiple providers. The exchange rate is important, but don't forget to factor in transfer fees and delivery times. For larger amounts, even small rate differences can translate to significant savings."

— MyCurrencyTransfer Editorial Team

Frequently Asked Questions

Common questions about sending money to Latvia

What is the cheapest way to send money to Latvia?

The cheapest way to send money to Latvia depends on your transfer amount. For larger transfers (over £1,000), specialist providers like Wise or OFX typically offer better rates than banks. Compare providers above to see which offers the best deal for your specific amount.

How long does it take to transfer money to Latvia?

Most transfers to Latvia are completed within 1-3 working days. Some providers offer same-day or next-day delivery for an additional fee. The exact time depends on the provider, payment method, and whether the recipient's bank processes weekend transfers.

What information do I need to send money to Latvia?

You'll typically need: the recipient's full name (as it appears on their bank account), their bank account number, the bank's SWIFT/BIC code, and for some countries an IBAN. You may also need the recipient's address and the bank's name and address.

Are money transfer services safe to use?

Yes, the providers we compare are regulated by the Financial Conduct Authority (FCA) or equivalent regulators. They must keep your money in segregated accounts and follow strict anti-money laundering procedures. Always check a provider's regulatory status before sending money.

Should I use my bank to send money to Latvia?

Banks are generally more expensive for international transfers due to higher exchange rate margins and fees. Specialist money transfer providers typically offer rates 2-4% better than banks. Use our comparison to see how much you could save.

How to Transfer Money to Latvia

  1. Compare providers

    Use the comparison table above to find the best exchange rate and lowest fees for your transfer amount.

  2. Create an account

    Click through to your chosen provider and register for a free account. You'll need your email address and basic personal details.

  3. Verify your identity

    Upload ID documents as required (passport, driving licence, or national ID). Most providers verify within 1-2 business days.

  4. Enter recipient details

    Add your recipient's bank account details including their name, account number, and SWIFT/BIC code.

  5. Fund and track your transfer

    Pay by bank transfer or debit card, then track your money until it arrives. Most transfers complete within 1-3 working days.