Compare ways to send money from Spain to Algeria

The exchange rate determines how many EUR the recipient will get in Algeria when you send Euro.

Today, the average exchange rate between Euro and Algerian Dinar is 141.1493. The company offering the best exchange rate is Revolut.

The EUR-DZD rate fluctuates constantly, so timing your transfer to Algeria can help you save a lot of money.

Sometimes, waiting a day or two can help you get more DZD for the same amount of EUR. You can also opt for a forward contract to lock in rates between Spain and Algeria.

A Bank transfer is the most cost effective option for sending money from Spain to Algeria. The company offering the best Bank transfer price is Revolut.

This is 0.6% cheaper than the second-best option in the market.

Always choose providers that are regulated by financial authorities to ensure funds are safe when transferring from Spain to Algeria.

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

Some services have limits on how much you can transfer from Spain to Algeria. This applies when receiving money in Algeria as well.

Different companies will offer different rates or lower fees for different transfer amounts.

For example, we recommend using Wise if you need to send large amounts of EUR to Algeria.

This being said, always check with the recipient and understand any declarations needed on large amounts of money leaving Spain, or entering Algeria.

There are different ways to receive money in Algeria. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account.

If you (or the recipient) want a direct transfer to your bank account, Wise is the best money transfer company for bank transfers between Spain and Algeria.

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

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 Revolut.

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

The exact documents you need might vary. Usually in Spain this will be a government ID like a passport or driver's license. This will be similar if you need to open an account or collect cash in Algeria.

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

Wise is a great option for sending from Spain as the sign up process is pretty straightforward, even for larger transactions.

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

Some EUR-DZD transfers may need to be reported to tax authorities, particularly where inheritance or property sales are involved.

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