How to send money to Spain

The safest and most cost-effective ways of sending money to friends and family in Spain from Canada.

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Spain may be on the other side of the world, but it’s a country that Australia has strong links with. More than 58,000 Australians are of full or partial Spanish descent, with particularly large expat communities located in Sydney and Melbourne.

With such strong ties between the two countries, transferring money from Australia to Spain is a common transaction many people have to complete. But while it’s possible to do this via your bank, you can enjoy big savings by utilising the services of a specialist money transfer provider.

WorldRemit International Money Transfers

WorldRemit International Money Transfers

WorldRemit can help you get your money where it needs to go in minutes, with upfront exchange rates and low fees.

Use promo code FINDERCA on your first transfer and pay zero fees. T&Cs apply.

  • Transfers to 150+ countries
  • Send to bank account, cash pickup, mobile money, airtime top up
  • Pay with card, Interac or Apple/Android Pay

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    GBP 3,000 1 day CAD 0.00 0.637 EUR
    Global Reach will match any competitor's exchange rates. Conditions apply.
    Get no fees for both business and personal transfers when you send your money overseas with Global Reach.
    Go to site Show details
    CAD 0 Within an hour CAD 3.99 0.64 EUR
    Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
    An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
    Go to site Show details
    CAD 1 1 day CAD 0.00 0.64 EUR
    Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details
    CAD 1 1 - 2 days CAD 40.00 0.643 EUR
    Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
    CAD 2,000 1 day CAD 0.00 0.637 EUR
    TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
    Send money overseas in 45 currencies.
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    USD 150 1 day CAD 15.00 0.637 EUR
    Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
    A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
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    Compare up to 4 providers

    Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

    Banks versus a money transfer company or service

    The currency of Spain is the Euro, one of the most commonly traded currencies on the global markets. This means that you’ll be able to send money to Spain from practically every Australian bank, which is the option many people choose when they need to send money overseas.

    However, banks typically offer poor exchange rates and charge high fees, meaning that you can end up significantly out of pocket for sending money overseas. Instead, you can save yourself a whole lot of money by utilising the services of a specialist money transfer company. Such companies offer much better exchange rates, lower fees and also tend to process transactions quicker than your bank.

    Case study: Xavi Sends Money to Spain

    Xavi is spending a few years living in Australia on a temporary work visa. Having decided he wants to send some of his savings ($5,000) back home to support his family. He decides to compare how much it will cost him to transfer via his bank with how much it will cost when transferred through a specialist money transfer company.

    BankMoney Transfer Company
    Exchange rate1 AUD = 0.67 EUR1 AUD = 0.70 EUR
    Transfer fee$25$0
    Transfer time2-5 days1-3 days
    Transfer optionsOnline, in branchOnline
    Amount received
    for $5,000 (in EUR)

    As you can see, Xavi’s family will receive an extra 150 Euro if he uses a money transfer company instead of his bank, while Xavi can also save $25 in fees.

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    Things to consider when comparing money transfer options to Spain

    You’ll need to compare the following features and options when deciding on the best money transfer company for your needs.

    • Exchange rates. This is obviously an important factor as the higher the exchange rate, the greater the amount of money that will arrive at your destination. However, keep an eye out for the fact that some companies will offer slightly lower rates in return for offering lower fees.
    • Transfer fee. Compare the fees that each company charges for performing a transfer, and remember that some companies will waive their fees entirely when you transfer a certain amount of cash.
    • Transfer methods. What options are available for lodging transfers – online, over the phone or in a branch?
    • Transfer options. Look for options that may make your transfer experience easier and more affordable. These include forward contracts, limit orders and the ability to set up regular payments.
    • Turnaround time. How long does it take for transfers to be processed? This will be especially important if you need to make an emergency cash transfer.
    • Pickup methods. Can you pick up the transferred funds in person at a branch or does the money go directly into your bank account?
    • Minimum transfer amounts. Some companies will require you to exceed a minimum transfer amount in order to accept your transaction, which can be quite impractical if you only need to send a relatively small amount.
    • Customer service. Compare the customer service offered by each company, including the formats in which help is offered (online, phone, email) and whether it is offered 24/7.
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    How to send money to Spain from Australia

    Because the accepted currency in Spain is the Euro, you have a wealth of options to choose from when you want to send money to Spain. These include:

    • Bank transfers. Australian banks allow you to transfer money to Spain, though they do tend to offer poor exchange rates and high fees.
    • Money transfer services. Companies like Western Union and MoneyGram allow you to send cash to Spain quickly, with the funds available to be picked up from agent locations across Spain within minutes.
    • Online money transfer companies. A huge selection of online providers can take care of your transfer, including TorFX, OFX, Currency Fair, TransferWise and World First.
    • PayPal. This well-known online merchant allows you to send money overseas as long as both the sender and the recipient have a PayPal account.
    • International money order. An international guaranteed cheque from your bank can be posted overseas to complete the transfer of funds.
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    Emergency cash transfers in Spain

    You may find yourself in a situation where you need to send funds to Spain as quickly as possible, such as if you have a relative travelling through Spain and he or she has their wallet stolen. When using your bank to lodge an emergency transfer, remember to take the time to check all the features of your transaction. Even though you’re in a hurry, make sure you double check the exchange rate your bank is offering and that you are aware of any fees that will apply to your transaction.

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    Western Union and MoneyGram branches in Spain

    Western Union and MoneyGram offer an extensive selection of agents across Spain where you can pick up transferred funds. You’ll need to provide ID and details of your transaction when picking up cash, while it may also be a good idea to phone ahead when you’re picking up a large transfer. Some popular pickup locations are listed below.

    Western Union

    • Correos Y Telegrafos

      C Dublin 7 Parque Ferial

      Juan Carlos I Campo

      De Las Naciones

      Madrid, Madrid 28070


      Open 8am to 9pm Monday to Friday, 9am to 2pm Saturday

    • Leganes Suc 5

      C/ De La Primavera1 Arroyo Sur Eci

      Madrid, Madrid 2898694


      Open 9am to 11pm seven days

    • BCN Locutorio

      Avenida Gran Via Corts

      Catalanes 280 Bj

      Barcelona, Barcelona 8004


      Open 9am to 12am seven days a week

    • Caixa Galicia

      Avenida Gran Via Corts

      Catalanes 280 Bj

      Barcelona, Barcelona 8004


      Open 8:30am to 2pm Monday to Friday


    • Sevilla – #2101

      Sevilla 2

      Madrid, 28014


      Open 9:30am to 7:30pm Monday to Friday, 9:30am to 2:30pm Saturday and Sunday

    • Call Change

      Calle Jardines 2 – Local

      Madrid, 28013


      Open 9am to 11pm seven days a week

    • Navegaweb

      La Rambla 88

      Barcelona, 08002


      Open 9am to 11pm seven days a week

    • Ghulam Murtaza

      Sant Pacia 38 – Local 2

      Barcelona, 08001


      Open 9am to 11pm seven days a week

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    Tips for picking up cash in Spain

    Although Spain is classified as a safe country by the Department of Foreign Affairs and Trade, travellers should still exercise normal safety precautions when picking up cash. Take a friend with you for added security when you pick up the funds, while you’ll also want to stay away from areas where muggers and pickpockets are known to strike. Don’t advertise to the world that you have just come into possession of a big stack of cash, plus make sure to deposit the funds into your bank account as soon as you can.Tips for picking up cash in Spain

    The government’s Smartraveller website offers plenty of information on staying safe overseas, while you can also find more travel tips from online forums and blogs.

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    How to send money to Spain

    From bank transfers to online transfer providers and even PayPal, you have plenty of options to choose from when sending money to Spain. The exact method for completing transfers will vary depending on the service you choose, but you will probably need to open an account with your provider.

    With this in mind, be prepared to supply proof of identity and give information about your name, date of birth and contact details. Once your transfer has been lodged, you will typically be given a tracking or receipt number to help you monitor your transaction.

    The most crucial thing to keep in mind when sending money to Spain is to compare all your options. Shopping around for the right provider will ensure that you transfer your funds safely and affordably.

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