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

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

Currently the mid-market rate between Euro and Dalasi is 83.0467.

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

• The Mid-Market and Exchange Rates: The current EUR-GMD mid-market rate is 83.0467 GMD per Euro. You will get more Dalasi 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 96.31 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 Dalasi eventually received in Gambia. You can assume that a lower cost of sending from Spain will result in more money received in Gambia.

Sometimes, waiting a day or two can help you get more GMD 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 Gambia.

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 Gambia at this moment.

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

Bank transfers

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

By using a money transfer company such as Wise for transfers from Spain to Gambia, 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 Gambia 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 Gambia. 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 Gambia, we recommend comparing your options to get the best deal.

Transfer limits to Spain and Gambia 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-GMD transfer amounts could change - that’s why it’s best to compare companies for your specific transfer amount. Then, for regular transfers to Gambia, 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 Gambia we'd recommend using Wise. They offer a combination of rates and fees when sending from Spain to Gambia that is the most competitive.

There are different ways to receive money in Gambia.

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

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

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

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

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

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 Dalasis to Gambia, 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 Gambia, 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 Gambia, 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 Gambia from Spain due to the ease of sign up and ID verification.

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

Some transfers into Dalasi may need to be reported to tax authorities in Gambia, 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 Gambia.

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