Looking for the best way to send money from the United Kingdom to family, friends or businesses in Spain (or even to your own overseas bank account)?
Don't head straight to your British bank – compare specialist money transfer services instead. They nearly always offer better EUR exchange rates and lower fees, so for the same amount of pounds you send, your recipient will receive more euros.
Of the companies we've compared, Revolut is among the cheapest, with competitive exchange rates and fees starting from £0. Need a really fast transfer? Xe can get money to your recipient in Spain within minutes.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Please note: You should always refer to quotes you receive from transfer services themselves directly for exact amounts as they may vary from our estimates.
Bank transfers are typically the cheapest way to get your money to Spain. Revolut and PassTo have some of the lowest bank transfer fees of the brands we've compared.When you're hunting down the cheapest ways to send money to Spain, it's more important to look at the overall cost of your transfer. This has a couple of elements:
Some providers may charge the mid-market rate but add fees on top. Others may have very low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many euros your recipient will end up with.
Many online providers can offer transfers to Spain within minutes, although you're likely to pay a premium for the convenience.Here are some of the fastest average transfer speeds to Spain:
Actual transfer times from the United Kingdom to Spain can depend on several different factors including transfer amount, payment method and currency.
The safest way to get your money to Spain is to use a provider registered with the United Kingdom's industry regulator, the Financial Conduct Authority (FCA). All of the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both the United Kingdom and Spain.
A great way to dive deeper is by reading our extended reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.
If you need to make a sizable money transfer to Spain, consider using a provider such as TorFX or Key Currency to benefit from its expertise in handling larger transfer amounts.Using a large transfer specialist can have the following advantages:
To send money to Spain, you'll need the necessary documentation, your recipient's details and a way to pay.
Lucas is working in the United Kingdom as a software engineer and he stays in regular contact with his elderly parents back home in Spain. His parents need some funds to help pay off a mortgage, so Lucas plans to send them £2,000 from the United Kingdom.
He decides to compare a bank and a money transfer specialist to see which one can save the most money on his transaction.
|Bank||Money transfer company|
|Exchange rate||1 GBP = 1.11 EUR||1 GBP = 1.12 EUR|
|Transfer method||Bank account deposit||Bank account deposit|
|Processing time||2 - 5 working days||Next day|
|Amount received||2,199.82 EUR||2,237.34 EUR|
The money transfer company enables Lucas to send an extra €37.52, which is transferred straight to his parents' Banco Santander account.
When choosing a money transfer provider to send money from the United Kingdom to Spain, it's important to consider the cost, how you want your recipient to receive the funds and the turnaround time. Here are other features to review:
Compared to a month ago, the pound is a little weaker against the euro. Currently £5,000 is equivalent to €5,628.50, whereas a month ago, £5,000 was equivalent to €5,678.50. That's a decrease of 0.88% over the past month.
Similarly, compared to a year ago, the pound is again weaker against the euro. A year ago, £5,000 was equivalent to €5,916.00. That's a decrease of 4.86% over 12 months.
What's more important, however, is where the strength of the pound against the euro goes from here – which is harder to call. Based on those two quick glances back, your pounds might not go as far as they would have, so shopping around for the best deal on your transfer is key.
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