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Send Money to Spain with a Low Exchange Rate

Information verified correct on January 20th, 2017

Save money when you send an international money transfer to Spain by shopping around for the best service.

When you need to get money to a loved one overseas, the last thing you want to deal with is navigating a potentially complicated and expensive process. Sending money from the United States to Spain doesn’t have to be expensive. Compare the transfer fees and exchange rates of the options available to you to get the best deal.

From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Spain is easy. But do your research and shop around for the best available deal.

Compare International Money Transfers

Rates last updated January 20th, 2017

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Ofx Logo

Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Payoneer International Money Transfers
Send Mass Payments To Your ... Send Mass Payments To Your Payees Worldwide
USD 20
OnlinePhone
Rates are always
changing, click to check
your price today
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WorldRemit International Money Transfers
An online money transfer service ... An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.
USD 500 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
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Transferwise International Money Transfers
Make online transfers in a ... Make online transfers in a range of currencies and enjoy high maximum transfer amounts.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
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HiFX International Money Transfers
Transfer money between 20 currencies ... Transfer money between 20 currencies and enjoy scheduled regular transfers. No fee for transfers over US $5,000.
USD 100 2 days
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
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Currencies Direct International Money Transfers
$0 online transfer fee that ... $0 online transfer fee that you can access 24/7.
USD 100 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
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OFX International Money Transfers
Exclusive offer: Special exchange rates ... Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com exclusive exchange rates and $0 transfer fee on all transfers.
USD 150 1 day
OnlinePhoneAgentInternational Money Order...
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changing, click to check
your price today
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TorFX International Money Transfers
TorFX guarantee to beat any ... TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply
USD 150 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
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Speak to an FX expert

Enter your details to speak to a foreign exchange expert

By submitting this form, you agree to finder.com privacy policy
Ofx Logo

Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

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How do international money transfers work?

If you don’t already have an account with the company you choose for your transfer, you’ll need to open one either in person or online. The money you send can be in cash or from a bank account, a debit card or even a credit card. Simply put, once you’ve signed over your funds and designated a recipient, the bank or transfer agency whisks it through electronic money networks to its destination, where your recipient either picks it up in person or finds it deposited into their bank account.

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Banks versus money transfer companies

As the accepted currency in Spain is the euro, one of the most commonly traded currencies on global markets, any major U.S. bank will be able to send an international money transfer to a Spanish bank. But there’s a very big downside to using your bank to send your funds: It’ll cost you more money than it needs to. Banks offer poor exchange rates and regularly charge high fees for international transfers, so it often makes more financial sense to shop around to find a specialist international money transfer company.

These companies focus all their energies on sending fast, secure and affordable money transfers. They offer superior exchange rates to the banks and also charge lower transfer fees. Many are based online and can offer transfers to Spanish bank accounts, while others will also give you the option of making your funds available for collection from agent locations throughout Spain.

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Case Study: Xavi sends money to Spain

Having married an American woman and now relocated permanently to California, Xavi still maintains strong ties with his family in Barcelona. When his sister gets into financial trouble and urgently needs cash to pay her bills, Xavi offers to send her $1,000 of his hard-earned U.S. dollars. Rather than fork over the hefty fee charged by his bank, Xavi decides to see how much it will cost him to transfer the money via specialist money transfer providers.

Money transfer company 1Money transfer company 2
Exchange rate1 USD = 0.87 EUR1 USD = 0.83 EUR
Transfer fee$5$58
Transfer methodBank account depositCash pickup
Processing time3 business days10 minutes
Amount received (in)870 EUR830 EUR

As you can see, while the second company allows rapid transfers it also charges a much higher transfer fee ($53 greater) and offers a poorer exchange rate. Xavi can send an extra 40 euros if he uses the first provider.

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How to compare transfer companies when sending money to Spain

  • Exchange rates. When you calculate the full cost of a transaction, even a small difference in exchange rates can equate to a sizable difference in the amount of funds that arrive to your recipient.
  • Fees. Fees can vary greatly, as Xavi’s example shows. Examine a company’s transfer fees in relation to its exchange rates and check to see whether they will waive the fee if you transfer a certain amount.
  • Transfer methods. Can you make transfers online, over the phone, via a mobile app, and/or by visiting a branch?
  • Transfer options. Can you schedule transfers online, over the phone or through an agent? Will they accept payment with your bank account, credit card or debit card? Can you schedule payments ahead of time or take advantage of changing market rates with a forward contract? How long will it take each provider to transfer funds to your recipient? (Western Union, MoneyGram and others offer cash pickup of the funds you send within minutes.
  • Turnaround time. From cash within minutes to processing times of several business days, make sure you check how long it will take for your money to arrive.
  • Minimum transfer amount. A high minimum transfer limit can be extremely frustrating if you only need to send a small transfer.
  • Pickup methods. Can the funds you send be picked up from an agent location, or will they be deposited directly into your recipient’s bank account?
  • Customer service. If you need help with a transaction, will customer support be available 24/7?
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Foreign exchange rates explained
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the U.S dollar was worth approximately 19 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
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Ways to send money to Spain from America

  • Bank transfers. Bank-to-bank transfers are a safe and secure transfer method but can be expensive.
  • Online money transfer providers. Send an affordable money transfer to a Spanish bank account from your computer.
  • PayPal. PayPal provides quick and easy international money transfers.
  • Checks. You can also send an international check from your bank to your recipient in Spain.
  • Money transfer companies with cash pickup options. Companies like Western Union offer agent locations throughout Spain, where the funds can be collected.
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How safe is a money transfer?

When processed through a reputable provider, your funds are safely tracked until in the hands of your recipient. When sending money internationally, federal protections are in place that require banks, credit unions and money transfer companies to, for example, disclose all fees upfront and give you 30 minutes to cancel a transfer, assuming it hasn’t yet been picked up or deposited.

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  • Emergency cash transfers in Spain

If you need to send an emergency cash transfer to Spain, make sure to closely check the exchange rate and fee you will be charged. Urgent transactions usually cost extra, so take the time to see just how much money you will be spending.

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How to send money to Spain

When you send money to Spain you will usually have to provide a wide range of information to your money transfer company. This includes:

  • Your details. Provide your name, address, contact information, and proof of ID.
  • Your beneficiary’s details. You will need to supply your recipient’s name, address, and contact information.
  • Your transaction details. Provide information about how much money you’re sending, where you’re sending it to, and the amount you will transfer.

Once your transfer has been lodged you will be given a tracking number which you can use to track the progress of a transaction.

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US International Money Transfers Offers

Learn about our information service
WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

OFX International Money Transfers

Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com exclusive exchange rates and $0 transfer fee on all transfers.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.

Transferwise International Money Transfers

Make online transfers in a range of currencies and enjoy high maximum transfer amounts.

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