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

The exchange rate determines how many ILS the recipient will get in Spain when you send money from Israel.

Today, the average exchange rate between New Israeli Sheqel and Euro is 0.2933.

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

• The Mid-Market and Exchange Rates: Today, the ILS-EUR mid-market rate equals 0.2933 EUR per New Israeli Sheqel.

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

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

The ILS-EUR exchange rate you receive is often the bigger factor than how much it costs to send New Israeli Sheqels to Spain.

Sometimes, waiting a day or two can help you get more EUR for the same amount of New Israeli Sheqels.

When sending money from Israel to Spain, the best way to save on fees is to use a bank transfer with Key Currency.

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

Bank transfers

Bank transfers are often the default option for sending money from Israel to Spain.

By using a money transfer company such as Key Currency for transfers from Israel to Spain, you can send money via a bank transfer while benefiting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Sending money from Israel to Spain with a debit or a prepaid card is very simple with Paysend.


Paysend is a leader in debit card payments for transfers from Israel to Spain, competing among a total of 8 active money transfer companies on this route.

Credit cards

You can deposit ILS with a credit card when sending EUR to Spain, but in most cases, this means taking a cash advance, resulting in higher fees.

Making sure your funds are safe when transferring from Israel to Spain is really important.

Always choose providers that are regulated by financial authorities.

If you don’t know what the key regulatory bodies for money transfers are between Israel and Spain, please refer to our directory of financial regulators worldwide.

Some services have limits on how much you can transfer, both minimum and maximum thresholds.

Different services might offer better rates or lower fees for different transfer amounts.

For example, we suggest using Wise if you need to send large amounts of ILS to Spain.

There are different ways to receive money in Spain. You can do a direct bank deposit, cash pickup, or use a mobile wallet.

If you want a direct transfer to your bank account, Wise offers the best service for bank transfers between Israel and Spain.

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

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but most are made for domestic transfers and have higher costs compared to money transfer providers like Key Currency.

When you're sending or receiving money between Israel and Spain, you have to be ready to show some ID.

The exact documents you need might vary. Usually, you will have to show a government ID like a passport or driver's license.

If you're making a big transaction between Israel and Spain, a provider may ask you for proof of address or may want to know where your money comes from.

That’s why we suggest Wise in this case.

They know how to handle large ILS-EUR transfers and will help you get things done fast.

There might be tax implications to consider when sending money from Israel to Spain.

Some ILS-EUR transfers may need to be reported to tax authorities, especially for larger amounts.

When in doubt, please contact a tax professional in Israel or Spain.