Spain 250 x 170 (1)

How to send money to Spain

Shop around for the best money transfer service when you need to send money to Spain.

Transferring money to Spain doesn’t need to be overwhelming and costly, and you don’t need a bank to complete the process. International money transfer services are a better option than banks because of their competitive rates and fees. When it’s time to send money to Spain, compare the transfer fees and exchange rates of the options available to you to get the best deal with the least amount of hassle.

Send money to Spain with WorldRemit

  • Use the code 3FREE to pay no fees on your first three money transfers
  • Choose how you want to send your money - via bank transfer, cash pickup or mobile money
  • Instant money transfers available
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Compare services that send money to Spain from the UK

Table: sorted by a combination of service offering and the amount your recipient will receive

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 1 - 2 days GBP 0.00 1.158 EUR
11,580
Whatever amount you transfer, XE will not charge you a fee for using their service. Go to site Show details
GBP 1,000 1 - 2 days GBP 0.00 1.158 EUR
11,580
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
GBP 2,500 1 day GBP 0.00 1.154 EUR
11,542
With 17 years of foreign exchange expertise, OFX know the money transfers business very well, offering facilities for one-off and recurring transfers. Go to site Show details
GBP 2,000 1 day GBP 0.00 1.158 EUR
11,580
TorFX guarantee to beat any competitor's exchange rate for a transaction (conditions apply)
(Conditions apply)
Go to site Show details
GBP 3,000 1 day GBP 20.00 1.158 EUR
11,557
Make an informed decision with a personal touch, whether it's a business or personal transfer, with rate alerts, charts and live rates to help you make your choice. Go to site Show details
GBP 2,500 1 day GBP 0.00 1.155 EUR
11,545
Frontierpay has a proven reputation for competitive rates and a refreshingly open and honest approach to transferring money worldwide. Go to site Show details

Compare up to 4 providers

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

While you might be tempted to visit your bank for a wire transfer to Spain, a reputable money transfer service can typically offer better exchange rates, lower fees and faster delivery — often without you having to leave your home.

Banks don’t often publish exchange rates, but you can sometimes find the rate you’ll receive by logging in to your online bank account.

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Case study: Xavi sends money to Spain

Having married a British woman and relocated permanently to London, 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. 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 through a money transfer provider. He compares two different providers.

Money transfer company 1Money transfer company 2
Exchange rate1 GBP = 1.078 EUR1 GBP = 1.036 EUR
Transfer fee£5£58
Transfer methodBank account depositCash pickup
Transfer speed3 business days10 minutes
Total EUR received for £1,000 1,078 EUR1,036 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 42 euros if he uses the first provider.

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How to compare transfer companies when sending money to Spain

By comparing a few elements of your transfer, you can ensure that you get the cheapest deal for your needs.

  • Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
  • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
  • Payment and delivery options. Some transfer companies allow you to pay with a credit card online, by phone or through an app. Others offer agent locations for cash payments and pickups. Also ask how your recipient can receive your funds: bank account, cash pickup, mobile wallet and more.
  • Transfer speeds. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you have more time, you’ll get better rates and fees with an independent provider.
  • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate —especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
  • Flexible transfer options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
  • Customer support. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.
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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 yields more money when exchanging it in a country with a weak currency.

The eurozone’s exchange rate is flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
Currency exchange rate for Spain

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Steps to send money to Spain

  1. Choose a money transfer provider that suits your needs.
  2. Create an account with the provider, supplying your name, address, contact details, proof of ID and information about your selected payment method.
  3. Select the amount you want to send and complete the transfer process.
  4. Keep a record of any transaction reference number you receive so that you can review the progress of your transfer.

Ways to send money to Spain from the UK

  • Bank transfers. Most banks in the UK will allow you to send money to Spain.
  • Money transfer providers. Providers like Ria and XE can help you quickly and easily transfer your money online.
  • Providers with cash pickup. Western Union and MoneyGram allow you to send funds for cash pickup at agent locations.
  • PayPal. Electronic payment giant PayPal allows you to send money from the UK to Spain.
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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. It’s industry standard for international money services to use 128-bit SSL encryption systems at a minimum. Many also are licensed with UK financial regulators.


Picking up cash

Whether picking up funds in Madrid or anywhere else around the world, take a few simple safety precautions to prevent yourself becoming a target for thieves.

  • Call ahead. Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.
  • Bring a friend. Carrying money when alone can be dangerous. Ask a friend to come along.
  • Deposit your money immediately. The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible.
  • Keep your cash hidden. Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.
  • Same-day cash transfers in Spain

You might need to send an immediate cash transfer to Spain — for example, if a friend travelling through the country loses their wallet. When you need to transfer funds urgently, your fastest possible transfer will often be your most expensive option. Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.

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Global Reach
Global Reach
Send money overseas in a few simple steps Lock in your exchange rate for up to two years Best exchange rate guarantee Personalised quotes and professional customer service
WorldRemit
WorldRemit
Use the code 3FREE to pay no fees on your first three money transfers Choose how you want to send your money - via bank transfer, cash pickup or mobile money Instant money transfers available
Currencies Direct
Currencies Direct
Currencies Direct make moving money abroad simple, swift and secure. Great rates, no fees and expert support whether you transfer online, over the phone or by app. Available in more than 200 countries and 40 currencies
TransferWise
TransferWise
Sign up and start sending money within minutes with this peer-to-peer transfer service Transfer money at the mid-market exchange rate No hidden fees Transfers from pounds typically only take one day
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