Our data shows that Wise gets your recipient 172.79 EUR more than Barclays, today's cheapest bank, on the same £6,000.
The overall best and cheapest way to send £6,000 to Latvia is via Wise, using a bank transfer to deposit GBP and bank deposit to receive EUR.
Depositing GBP
You have 3 pay-in options for transfers to Latvia, including bank transfer, debit card, and credit card.
The cheapest pay-in option is debit card.
The fastest option in the UK is almost always bank transfer, since most companies use Open Banking and Faster Payments System (FPS).
The most expensive deposit option is bank transfer.
Be careful with credit card deposits, since your bank often treats it as a cash advance and will charge interest.
Receiving money in Latvia
Money can reach Latvia by bank deposit, card deposit, and cash pickup, and each delivery method comes with its own fees.
The cheapest way to receive money in Latvia is with bank deposit on average.
Receiving cash
MoneyGram is the cheapest option for cash pickup (getting you €7,026 on a £6,000 transfer).
Digital wallets
Your recipient can receive EUR directly into a digital wallet (like PayPal) which usually takes a few minutes to arrive.
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