How to send money to Bulgaria from Spain with the best EUR-EUR rate

A comparison of providers offering services between Spain and Bulgaria is paramount. Based on your specific transfer amount, the best way to send money to Bulgaria could change. Comparing ensures the best price for your needs.

For services allowing you to send Euro to Bulgaria we've compared 5 providers.

Here are your best money transfer options for sending money from Spain to Bulgaria

• Wise is our recommended way to send Euro to EUR. Sending 7,000 EUR to EUR will cost you €38.47 in fees, and your recipient will receive 13,615.85 EUR. The delivery time usually is dentro de una semana, but it depends on the day you make the transfer.

• To secure a cheap way to transfer EUR to Bulgaria, Wise is our recommendation. We found that Wise fees were 38.47 EUR per transfer, and customers would expect an exchange rate between EUR-EUR that is % different to the mid-market rate

• Fastest way to send money to Bulgaria from Spain is with TorFx. If you send €7,000 with TorFx to Bulgaria, the transfer time is minutos - 24 horas. This is currently the fastest option, but can vary depending on how much EUR you send to Bulgaria.

This coverage of the market ensure you will get the best options for your transfer to Bulgaria from Spain.

Overall, we rated Wise as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from Spain to Bulgaria.

A better exchange rate means more Euro being sent to Bulgaria. This exchange rate determines the price you will pay when buying Euro.

Currently the mid-market rate between Euro and Euro is 1.

Fees and exchange rates make up the total cost of sending money from Bulgaria to Bulgaria. Finding a company that can offer both ensures a good deal on your transfer.

• The Mid-Market and Exchange Rates: The current EUR-EUR mid-market rate is 1 EUR per Euro. You will get more Euro for your Euros if you find a provider close to this number.

• Fees: Transfer fees are charged as part of the transfer. Wise charges the lowest fee of 38.47 EUR at the moment. We’d always recommend comparing providers for your exact send amount as fees may change.

• Amount Received: Money transfer companies will show you the amount of Euro eventually received in Bulgaria. You can assume that a lower cost of sending from Spain will result in more money received in Bulgaria.

Sometimes, waiting a day or two can help you get more EUR for the same amount of Euro - but time it wrong and you might get a worse deal.

If you’re sending a large amount where this rate could make a significant difference, use a forward contract. This allows you to lock in an agreed exchange rate between Spain and Bulgaria.

A bank transfer through a money transfer company is the cheapest way to send money. Generally, it’s the payment method that will get you the best price on a transfer from Spain to Bulgaria at this moment.

Here are all the ways to send money from Spain to Bulgaria:

Bank transfers

Bank transfers are usually the best and easiest way to send money from Spain to Bulgaria.

By using a money transfer company such as Wise for transfers from Spain to Bulgaria, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.

Debit and prepaid cards

Sending money from Spain to Bulgaria with a debit or a prepaid card is available through Wise.


Wise is one of the cheaper options for debit card payments for transfers from Spain to Bulgaria. This cost is against a total of 5 money transfer companies offering this option.

Credit cards

When it comes to credit card transfers from Spain to Bulgaria, we recommend comparing your options to get the best deal.

Transfer limits to Spain and Bulgaria will differ per company, this may impact the amount you can send and receive if you hit the limits.

Also, rates and fees for different EUR-EUR transfer amounts could change - that’s why it’s best to compare companies for your specific transfer amount. Then, for regular transfers to Bulgaria, shopping around each time can make a huge difference if you feel you are hitting limits regularly.

For sending large or regular amounts of EUR to Bulgaria we'd recommend using Wise. They offer a combination of rates and fees when sending from Spain to Bulgaria that is the most competitive.

There are different ways to receive money in Bulgaria.

The most popular ways are direct bank deposit into Euro, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers offering money transfers between Spain and Bulgaria will offer every method for incoming Euro.

Understanding where the money will eventually go after its left Spain and entered Bulgaria could impact the provider you use.

The most common (and generally easiest) way to send money from Spain to Bulgaria is directly into a bank account. Wise is the best company for sending money from Spain to a bank account in Bulgaria.

And if you need cash right away, check if cash pickup is an option for transfers between Spain and Bulgaria.

Mobile wallets, P2P services and payment apps like PayPal, Xoom, and CashApp are popular because they offer convenience to those who already have them, but they come with more limitations and higher costs.

When sending Euros to Bulgaria, you will need to verify your ID at the sign up stage.

The documents you need will vary by money transfer company and in some cases you might need a couple of options.

For the most part however, in Spain ID can be verified through a government issued ID such as a passport or driver's license.

In Bulgaria, if the recipient needs an ID to collect money - both should be accepted. We’d recommend checking in advance before sending for any specific requirements on receiving money.

Large transactions between Spain and Bulgaria, are subject to additional checks such as proof of funds. This is for anti-money laundering purposes.

Wise is one of our recommended providers for transfers to Bulgaria from Spain due to the ease of sign up and ID verification.

When sending money between Spain and Bulgaria there will be tax declarations to consider.

Some transfers into Euro may need to be reported to tax authorities in Bulgaria, particularly where inheritance or property purchases are involved (or anywhere else there are additional legal requirements).

Depending on age and income in particular, tax limits and personal allowances will change in Bulgaria.

When in doubt, please contact a tax professional in Spain or Bulgaria to discuss the personal circumstances of the transfer. This ensures you are not missing any specific tax declarations associated with your circumstances.