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

The exchange rate determines the price you’ll pay for Pound Sterling when you send Euro to the United Kingdom.

The current exchange rate between the Euro and Pound Sterling is 0.862, but it constantly changes.

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

• The Mid-Market and Exchange Rates: Today, the EUR-GBP mid-market rate equals 0.862 GBP per Euro.

• Fees: Fees are charged on top of a transfer. The company offering the lowest fee is Key Currency, only 0 EUR. We would recommend searching for your exact send amount to get an idea of fees.

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

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

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

Here are all the ways to send money from Spain to United Kingdom:

Bank transfers

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

By using a money transfer company such as Key Currency for transfers from Spain to the United Kingdom, 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 the United Kingdom 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 the United Kingdom.

Credit cards

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

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

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

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

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 United Kingdom. The combination of rates and fees when sending to the United Kingdom 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 the United Kingdom. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in United Kingdom. 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 the United Kingdom 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 Pound Sterling. Wise is the best company for bank transfers between Spain and United Kingdom.

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

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 Key Currency.

When signing up to a money transfer company to send between Spain and the United Kingdom, 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 the United Kingdom it will be a similar set of documents, although this should only be needed if you are opening a new account in the United Kingdom, or collecting in cash.

Big transactions between Spain and the United Kingdom, 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 the United Kingdom there will be tax implications to consider.

Some transfers into Pound Sterling may need to be reported to tax authorities in the United Kingdom, particularly where inheritance or property purchases are involved.

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