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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 94.7% of Spain to India searches, and was the top rated company out of 14 that support EUR to INR.
So for a great mix of cost, speed & features, make your Spain to India transfer using Wise.
How to get the best deal on your Spain to India transfer
Summary of recent searches
Important things to consider before sending money from Spain to India
Don't settle for the first option. Always compare ways to send money from Spain to India to find out about fees, speed, and reliability.
Our analysis included 14 providers that operate between Spain and India.
Through this, you get a comprehensive view of all the options you have in Spain when you need to send money to India.
Cheapest way to send money to India from Spain: Instarem
Data collected over the past six months shows that Instarem is % cheaper than the second-best option.
The €0 transfer cost represents the most common fee for EUR to INR international transfers, based on data from the past six months.
If you want to secure the best rates on a EUR to India transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to EUR-INR by Instarem, based on data from the past six months.
Fastest way to send money from Spain to India: Wise
Our data shows that Wise came up as the fastest way to send money from Spain to India in 56.9% of searches. This makes them well suited to urgent EUR to INR money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Spain to India - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to India from Spain in 56.9% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send EUR from Spain to India, it’s the provider that will keep you safe and relaxed while your money moves into INR.
Understanding the costs involved when moving money from Spain to India
When calculating the costs of money transfers between Spain and India, here's what really matters:
The Mid-Market Rate: Today, the EUR-INR mid-market rate equals to 89.194952 INR per Euro.
The EUR-INR average exchange rate for the past three months has been 90.5539 INR per Euro, with a high of 92.5998 and a low of 88.8578.
When looking to send money, we'd recommend Profee. On average Profee is 0.02% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from EUR to INR.
How to find the best exchange rate for Euro to Indian Rupee
Timing is essential for sending money between EUR and INR. The exchange rate you secure impacts how much INR you get for your EUR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from EUR to INR has seen some fluctuation. On average, it stood at 90.5539.
During this period, the highest value recorded was 92.5998, while the lowest was 88.8578.
Wise, which is our recommended service to send money online from Spain to India offers an exchange rate that is only 0.02% above the mid-market rate.
Want to secure the best EUR-Indian Rupee exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Spain to India!
Payment methods available to fund your Spain to India transfer
Bank transfers
Bank transfers are often the default option for sending money from Spain to India.
By using a money transfer company such as Instarem for transfers from Spain to India, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Instarem is the cheapest provider for bank transfers from the 14 we tested when sending EUR to India.
With an average fee of EUR0 to send money from Spain to India, Instarem offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Spain to India with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from Spain to India, competing among a total of 14 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from Spain to India, Wise emerges as our top choice of the 14 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between India and Spain.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Spain to India.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send EUR to INR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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