Lithuania is becoming an increasingly attractive destination for Brazilian students thanks to its high-quality education, affordable cost of living, and EU membership. Universities like Vilnius University and Kaunas University of Technology offer English-taught programs, making them popular among international students. However, before starting your studies, cross-border remittances, exchange rates, and transfer fees are critical to your financial planning.

Study in Lithuania: Why Transfers Matter

According to the Lithuanian Migration Department, non-EU students applying for a long-term D visa must provide proof of tuition payment for one academic year and sufficient funds for living expenses. This often means transferring a large sum from Brazil to Lithuania well in advance to avoid delays in registration.

The Central Bank of Brazil also imposes an annual limit on personal foreign currency purchases. This makes Brazilian Real to Euro (Lithuania) transfers sensitive to exchange rate changes and fee structures.

Common Transfer Methods and Their Drawbacks

Brazilian families typically choose one of the following for tuition transfers:

• Traditional Bank Transfers – Secure but expensive, with hidden exchange rate markups;

• Remittance Platforms (like Wise) – Convenient and transparent rates, but not always the cheapest for large amounts;

• Third-Party Intermediaries – Risky, with potential for scams, delays, or loss of funds.

Wise: Pros and Cons

Wise (formerly TransferWise) is a well-known remittance service offering:

• Transparent exchange rates close to the mid-market rate;

• Wide global coverage;

• User-friendly interface.

However, for Brazilian Real to Euro (Lithuania) tuition transfers, Wise’s drawbacks include:

• Higher total costs for large transfers;

• No first-transfer fee waiver;

• Processing times that may exceed one business day;

• Limited localized support for Brazilian customers.

Why Panda Remit Offers Better Value for Students

Panda Remit stands out for personal study-abroad transfers with several key advantages:

1. Extensive Coverage – Direct transfers from Brazilian Real to Euro accounts in Lithuania.

2. First Transfer Free – Waives fees on your first transaction.

3. High and Transparent Rates – Real-time Brazilian Real to Euro (Lithuania) rates available on the official website.

4. Fast Delivery – Transfers can arrive within minutes.

5. Fully Online Process – Rate checks on the website; secure transfers completed in the official app only.

6. Security and Compliance – Licensed in multiple countries with bank-grade encryption.

Fee Comparison: Panda Remit vs Banks vs Wise

• Banks – Often combine fixed fees and percentage-based charges, which add up quickly for large transfers.

• Wise – Percentage-based fees, transparent but costly for high amounts.

• Panda Remit – First transfer free, with consistently low fees thereafter.

For tuition transfers of thousands of euros, these differences can mean saving hundreds of BRL.

Staying Safe and Avoiding Scams

• Use the official Panda Remit app for all transfers;

• Lock in rates early to protect against currency fluctuations;

• Comply with both Brazilian and Lithuanian regulations to ensure smooth transactions.

Conclusion

For Brazilian students heading to Lithuania, choosing a secure, cost-effective, and fast transfer method can make the study abroad experience much smoother. With low fees, competitive exchange rates, and fast delivery, Panda Remit is a trusted partner for tuition transfers.

Sign up for Panda Remit today and enjoy your first transfer fee-free!