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Prepaid Cards in Latvia

Application Fees
Transaction Fees
Monthly Fees
ATM Charges
Topup Fees
Net+ Euro Card
Application Fee: Free
Transaction Fee: foreign-atm-fee, no-foreign-pos, no-uk-pos, uk-atm-fee
Monthly Fee: Free
ATM Charges: €4.00 in UK - 2.95% abroad
Top Up Fee: Free - 1.75%
Net+ Latvian Lats Card
Application Fee: Free
Transaction Fee: foreign-atm-fee, no-foreign-pos, no-uk-pos
Monthly Fee: Free
ATM Charges: 3 LVL in UK - 2.95% abroad
Top Up Fee: Free - 1.75%
Moneycorp Explorer Card
Application Fee: Free
Transaction Fee: no-foreign-pos, no-uk-atm-fee
Monthly Fee: Free
ATM Charges: Free
Top Up Fee: Free
Caxtonfx Euro Card
Application Fee: Free- £10.00
Transaction Fee: no-foreign-atm, no-foreign-pos
Monthly Fee: Free
ATM Charges: Free, except in UK which is €2
Top Up Fee: Free up to 4%
AceFX Euro Card
Application Fee: Free with a £200 load otherwise £6.95
Transaction Fee: foreign-atm-fee, no-foreign-pos
Monthly Fee: Free
ATM Charges: €1.25 - €1.50
Top Up Fee: Free

Prepaid cards available in Latvia where you need to be a Latvia resident to get a prepaid credit cards.

Send funds to country

The most common reasons people need to send money to another country is often to buy a product or service, purchase property or invest in a business. However, while many people are aware why people sometimes have to send fund overseas, not many are sure how they do it for different circumstances. So what is necessary?

To invest in a business

A surprisingly large number of business people have forms of work overseas. Therefore, if the business owner still lives in the UK and they rely on income from their business abroad, it is likely money will need to be transferred back and forth quite frequently.

If this is the case, it is crucial as a business person that they get the most from their money and that they don’t throw away more than they have to because of poor exchange rates. For regular money transfers for business, the owner may wish to compare the different types of exchange rates, which are: Fully fixed exchange rates, semi-fixed exchange rates and free floating.

Fixed rates are likely to be more appealing to business people because there is more certainty regarding the foreign exchange market because the government or central bank interfere to make sure the exchange rate is close to a fixed target.

Working abroad

Lots of people may need to send money abroad because their relative may be employed overseas and need some support financially. If this is the case, and just a one-off payment is made here and there then it is more beneficial to use free floating exchange rates because when the market is good it is likely you will get a very good interest rate.

A free floating exchange rate will also mean you are able to compare the market using a broker to make sure you get the most from your money when you make a currency transfer. Therefore, you would have more flexibility with the exchange rate.

For retirement

The number of pensioners wanting to live the rest of their retired life in another country is fast on the increase, mainly because locations such as Spain and France offer a better climate, standard of living and the costs of daily essentials and bills are significantly cheaper.

Therefore, if you are saving for your retirement and want to transfer money from your British account to the country you plan to or already live in, make sure you receive a consistent exchange rate.

To buy a property overseas

Lots of people like to splash out on a holiday home and they involve a large sum of money being sent overseas via a foreign exchange transaction.

However, the biggest mistake many unknowledgeable property buyers make is buying a property without researching its actual cost after the money has been transferred with an exchange rate. Whilst the property may seem a good deal, the exchange rate could get you and end up costing you a considerable amount more.

Therefore, check out the different exchange rates and fees involved with a transaction through a broker before you start looking at property prices as you need to take in to account the exchange rate, not just the price of the property.