Monday, 17 September 2018

MoneyTO offers money transfers to Lithuania bank accounts for just One Pound

MoneyTO Ltd clients enjoy one pound fee on their remittances to Lithuania bank accounts.
Close to 180,000 Lithuanians live in the UK, according to the Office for National Statistics. Lithuanians are now the second largest group in the UK among the Eastern Europe migrants. Last year, they have transferred in excess of 290 million pounds back to Lithuania (, supporting their families, paying bills, repaying mortgages and other loans.
Customers often complained, however, about high fees and exorbitant foreign exchange rates high street banks usually charge.
For just one pound, it is now possible to send money to the bank account at Swedbank Lithuania, Luminor AB, SEB Banka and other Lithuanian banks in Vilnius, Kaunas, Klaipeda as well as the other cities and towns in Lithuania.
All it takes is to go through a very straightforward registration procedure on the MoneyTO website, and then you are free to use your VISA or MC to send money online.

MoneyTo offers a very good exchange rate between the British Pound and the Euro. The pricing is absolutely transparent and there are no hidden fees or commissions.

Galina Selicka, CEO of MoneyTo:
“ Our mission had always been to provide a high quality and fairly priced money transfer service to the migrants and their families. After getting numerous requests from our customers to include Lithuanian bank account transfers into our offering, we decided to launch this project, which took about 8 weeks to complete. We see a good demand, and will soon be expanding it to the other countries as well.“