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

The exchange rate determines the price you will pay when buying Euro.

A better exchange rate and lower fees means more money being sent to Spain.

The total cost of sending money to Spain from Italy, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.

• The Mid-Market and Exchange Rates: Currently, the mid-market for EUR-EUR is 1 EUR per Euro.

• Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Revolut has a fee of 0 EUR per transfer (which is the cheapest option right now for a €7,000 transfer). Although you should search for your send amount to get live deals and lowest fees.

• Amount Received: Money transfer companies will show you the amount of Euro eventually received in Spain.

If you are paying for services in Euro from Italy, this can make a huge difference.

Understanding the averages, and then waiting a day or two can help you get more EUR for the same amount of Euro.

You can also use a forward contract to lock in an agreed exchange rate between Italy and Spain.

Using a bank transfer to send via money transfer company is the payment method that will get you the best price when sending from Italy to Spain.

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

Bank transfers

Bank transfers are often the fastest and cheapest way to send money from Italy to Spain.

Using a money transfer company such as Revolut for payments from Italy to Spain, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

Sending money with a debit card from Italy to Spain is easy with Wise.


Wise is a leader in debit card money transfers from Italy to Spain. They are the best option of the 2 transfer companies compared.

Credit cards

Not many money transfer companies offer direct credit card deposits, because it is more expensive for everyone.

We recommend using a bank transfer or a debit card transfer if you can; otherwise, make a quick comparison to find the latest deal.

Ensuring you fully understand regulations in Italy and Spain will aid in keeping your money safe.

Our directory of worldwide financial regulators contains details on regulation for sending money between Italy and Spain.

Some companies offering money transfers between Italy and Spain have minimum or maximum thresholds on how much you can send or receive.

Rates and fees for different transfer amounts could change - that’s why it’s best to compare EUR-EUR rates for your specific transfer amount.

For regular transfers to Spain, shopping around each time can make a huge difference.

For sending large amounts of EUR to Spain we'd recommend using Wise. They offer a combination of rates and fees when sending from Italy to Spain that is the most competitive, even at larger amounts.

There are different options for receiving Euro in Spain.

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

Not all companies offering transfers from Italy to Spain will offer every method for incoming Euro, so it’s best to check ahead of time.

Again, a comparison of EUR to EUR providers will tell you if the method for receiving is supported.

One of the most common ways to transfer money from Italy into Spain is by sending directly to a bank account. Wise is the best company for bank transfers between Italy and Spain.

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

P2P services and payment apps like PayPal, Xoom, and CashApp are popular because of convenience but are better for domestic transfers. For receiving international payments they come with more limitations and higher costs compared to money transfer options like multi-currency accounts.

If using a money transfer company to send Euros to Spain, you will need to verify your ID at the sign up stage.

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

ID can be verified in Italy through a government issued ID such as a passport or driver's license.

If the recipient needs an ID to collect money in Spain, it will be similar.

Large transactions between Italy and Spain, can be subject to additional checks. This includes proof of funds for anti-money laundering purposes.

One of the reasons Wise has scored so highly for transfers to Spain is their easy sign up process in Italy.

Sending regular, or larger amounts of money between Italy and Spain could mean there are tax declarations to consider.

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

Spain has many different tax obligations for residents and non-residents.

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