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

Comparing based on your specific needs is the best way to send money from Spain to Ecuador with confidence.

Right now, for EUR/USD

• Wise is our top choice for EUR to USD transfers. Sending 7,000 EUR to USD will cost you €34.28 in fees, and you will receive 7,917.93 USD. The delivery time usually is el mismo día.

• Wise offers the lowest fees of the 5 available options. This cost combines the exchange rate between the Euro and US Dollar that is 0% different to the mid-market rate and the fee of 34.28 EUR.

• Fastest way to transfer money to Ecuador from Spain is with Revolut. For example, sending €7,000 to Ecuador with Revolut will be en pocos minutos. But, it can be quicker or longer depending on the exact amount, as well as the day and time of your transfer.

Our analysis, and search results, include 5 providers that operate between Spain and Ecuador. These are ranked by speed, overall cost and ease of use.

Through this, you get a comprehensive view of all the options you have in Spain when you need to send money to Ecuador.

The exchange rate determines the price you’ll pay for US Dollar when you send Euro to Ecuador.

The current exchange rate between the Euro and US Dollar is 1.1342, but it constantly changes.

When calculating the costs of money transfers between Spain and Ecuador, opt for the best combination of fees and exchange rates:

• The Mid-Market and Exchange Rates: Today, the EUR-USD mid-market rate equals 1.1342 USD per Euro.

• Fees: Fees are charged on top of a transfer. The company offering the lowest fee is Wise, only 34.28 EUR. We would recommend searching for your exact send amount to get an idea of fees.

• Amount Received: The amount received in US Dollar is the biggest indicator the total cost of sending money from Spain to Ecuador. Essentially, the more the recipient receives in Ecuador, the less it is costing to send from Spain.

It’s possible that waiting a day or two can help you get more USD for the same amount of Euro. But, the best way to lock in a price between Spain and Ecuador is by using a forward contract.

A bank transfer is the our recommended option for money transfers between Spain and Ecuador.

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

Bank transfers

Paying via a bank transfer is often the better option for sending money from Spain to Ecuador.

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


Debit and prepaid cards

Sending money from Spain to Ecuador with a debit or a prepaid card is easy with Wise.


Wise is a one of the better options in the market for international debit card transfers from Spain to Ecuador.

Credit cards

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

Always choose providers that are regulated by financial authorities in both Spain and Ecuador to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between Spain and Ecuador.

Some services have minimum or maximum thresholds on how much you can transfer from Spain to Ecuador.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Wise if you need to send large amounts of EUR to Ecuador. The combination of rates and fees when sending to Ecuador is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Spain, or entering Ecuador. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in Ecuador. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from Spain to Ecuador will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from Spain into US Dollar. Wise is the best company for bank transfers between Spain and Ecuador.

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

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Wise.

When signing up to a money transfer company to send between Spain and Ecuador, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in Spain this will be a government ID like a passport or driver's license. In Ecuador it will be a similar set of documents, although this should only be needed if you are opening a new account in Ecuador, or collecting in cash.

Big transactions between Spain and Ecuador, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Wise in part due to their easy sign up process in Spain.

When sending large amounts of money between Spain and Ecuador there will be tax implications to consider.

Some transfers into US Dollar may need to be reported to tax authorities in Ecuador, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in Ecuador based on age, income and a few other elements. When in doubt, please contact a tax professional in Spain or Ecuador to discuss your personal circumstances.