Luxembourg Prepaid Card
Neteller offer a free virtual account which can be upgraded to a prepaid MasterCard, subject to T & C's including applicant providing acceptable ID, being a resident in the UK or Ireland. Prepaid Card & usage fees apply.
Application is free based on you loading £200 of currency on to your card. This card is an electronic money product issued by Clydesdale Bank PLC. Clydesdale Bank PLC, a company registered in Scotland with number SCOO1111
Europe Traveller by Caxton FX - Preload your card with currency, subject to terms and conditions including applicant providing acceptable ID, being a resident in the UK & aged 18 years+. Travel Card & usage fees apply.
Euro Card by Ace FX - Preload your card with currency, subject to terms and conditions including applicant providing acceptable ID, being a resident in the UK & aged 18 years+. Travel Card & usage fees apply.
Prepaid cards available in Luxembourg where you need to be a Luxembourg resident to get a prepaid credit cards. The currency in Luxembourg is the euro so you will have two alternatives. The first is to get a euro prepaid card where you need to live in Luxembourg to do this. You will need to have your passport and your address available which needs to be situated in Luxembourg.
Buying a property abroad
People from around the world often dream about owning another property in a country they are especially fond of.
While many think owning a property abroad is going to remain just a dream, it is becoming more of a reality as the eurozone crisis and poor global economy is encouraging many property prices to drop dramatically in holiday hotspots.
Therefore, with a growing number of people considering buying a property abroad, what is involved in the transfer of funds?
General information on buying a property abroad
Buying a property in another country is alongside buying a business, one of the biggest and most popular foreign exchange transactions possible. Sending money abroad for a holiday or to buy a product is clearly going to be a much smaller transaction than that of a property.
There are a number of factors that need to be carefully considered before buying a property abroad. Firstly, it is important you are fully aware of the total cost of the purchase which includes not only the price of the property, but the exchange rate and other fees involved in the process. Not working out any additional costs could potentially mean you end up buying a property far more expensive then you originally thought.
Therefore, researching the exchange rate and fees needs to be investigated before any property is considered.
What is the currency of the country you are looking to buy a property in?
Before you can research any additional costs involved in a purchase of a property overseas, make sure you know its currency so you can begin your search for cheap exchange rates.
It will be useful to know the different forms the currency is available in. For instance, are there different denominations, such as the note and coin-or do they just accept notes as their form of cash?
Be certain you know their current currency and not an old one, as the majority of countries no longer accept old forms of currency. For example, Spain’s current currency is the Euro but the Peseta was its previous currency but is no longer accepted.
Research good exchange rates
You need to make sure you receive the most competitive rates on the market. A lot of people will use the bank for a foreign currency transfer but the bank very rarely offers the most competitive rates.
The rates provided by banks can vary massively, and sometimes the exchange rate depends on the advisor you see in the bank the day you visit.
Exchange rates are not fixed so it is important you look for good exchange rates, as finding the most rewarding rate could potentially save you thousands.
Using a specialist foreign exchange broker can do exactly that. Specialist broker are frequently updated with the most competitive rates on the market.
How long will it take for your transaction to be approved once the funds are sent?
If you are using a foreign exchange broker then you will be able to transfer the payment online once you have been informed of the necessary details.
Once the funds have been sent it will depend on the country that is receiving the funds and the currency. You should be given an estimated time.
The other alternative is getting a travel money card where if you live in another country say for example the UK you can get a currency card which is pre loaded with euros in advance and then when you visit Luxembourg you can then use like a prepaid card to pay.
You need to be 18 years or over to get a prepaid card in Luxembourg
You need to be a resident in Luxembourg and have sufficient ID such as a passport or driving licence.
You will need to either pay for the prepaid card application form in advance or preload your Luxembourg prepaid card
There are several Luxembourg prepaid card's to choose from
Luxembourg MasterCard prepaid card
Luxembourg Visa prepaid card