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Our recommendation: Wise
We tested & reviewed 22 money transfer providers offering money transfers from Spain to India, and Wise scored highly.
In total, Wise appeared in 100% of Spain to India searches, and was the top rated company supporting transfers between EUR and INR.
For a great mix of cost, speed & features, we recommend making your Spain to India transfer using Wise.
How to compare deals on Spain to India money transfers
- Always compare rates
Don't pay more than you need to. Use our live comparison tool to ensure the best rates on money transfers from Spain to India.
- Choose a provider
Select the provider that gives you the best value & service for your needs.
- Click, sign up & send
Follow the steps & start your transfer from Spain. Your funds will be converted to Indian Rupee and transferred to India.
Summary of recent searches
Considerations for money transfers from Spain to India
Comparing providers offering services between Spain and India, based on your specific needs is the best way to send money with confidence.
Our comparison includes 22 companies that provide the ability to send Euro to India.
This ensures you get the best options for transfers to India from Spain, based on the amount you want to send.
Cheapest way to send money to India from Spain: Dahabshiil
The cost is a combination of an average fee of 0* EUR and an exchange rate for converting Euro to Indian Rupee that is -3.84% different to the mid-market rate.
On average, Dahabshiil is 1% cheaper than the second-best option.
We would recommend Dahabshiil for low cost, affordable transfers from Indian Rupees to India.
*The most common fee applied to EUR-INR by Dahabshiil, based on data from the past six months.
Fastest company to send money to India from Spain: Wise.
Through our data, Wise was the quickest way to send money from Spain to Indian Rupee 52.8% of the time.
Sending money through Wise to India from Spain has an average fee of 20.93 EUR.
To understand who was the fastest, we tested Wise as part of 22 money transfer providers. Within this, we looked at the overall speed of sending money from Spain to India. This was made up of transfer times to India after Euros were added to a money transfer account.
When fast money transfers between Spain and India are a priority, Wise is our recommended choice.
Transfer a large amount of money
Wise is the strongest option for large transfers of the 22 money transfer companies tested.
Whatever the reason is for the transfer, sending large amounts of money from Spain to India can become expensive through your bank or with the wrong provider.
Our data shows Wise as the best choice for sending large sums of money to India from Spain.
Understanding the costs involved when moving money from Spain to India
The total cost of sending money to India from Spain is a mix of the mid-market, exchange rates and transfer fees.
The Mid-Market and Exchange Rates: The mid-market for EUR-INR is 89.3954 INR per Euro.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Indian Rupee for your Euros.
The EUR-INR mid-market rate over the last three months has seen the Euro worth an average 91.7666 INR. Within this there has been a high of 93.9355, and a low of 89.1741.
From 22 companies compared, Profee offers the strongest exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting EUR to INR.
Fees: When sending money there may be additional fees. Profee offers the lowest fee of the 22 providers tested, averaging 0 EUR per transfer over the last 6 months.
Amount Received: When comparing providers, the best measure is the amount of Indian Rupee eventually received in India.
This number should allow you to determine if you are getting a good deal. A higher amount of money received in India, means a better overall cost of sending money from Spain.
Getting best exchange rate for transferring Euro to Indian Rupee
When transferring money between EUR and INR, timing can make a huge difference. 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 mid-market rate from EUR to INR has fluctuated slightly. On average, it was 91.7666.
Across this six month period, the highest value recorded was 93.9355, while the lowest was 89.1741.
Wise, which is our recommended service to send money online from Spain to India offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best EUR-Indian Rupee exchange rates?
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Funding your Spain to India money transfer
Bank transfers
Bank transfers are often the best and easier way to send money from Spain to India.
By using a money transfer company such as Dahabshiil for transfers from Spain to India, you can send money via a bank transfer and benefit from lower fees and more favorable exchange rates than would be offered by a bank.
On average, Dahabshiil is the cheapest way to send money via a bank transfer. This is of the 22 companies we tested when sending EUR to India.
With an average fee of 7.37 EUR to send money from Spain to India, Dahabshiil offers a decent 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 easy with Wise.
Wise is a leading money transfer company for debit card payments, and offers transfers from Spain to India.
Credit cards
When it comes to sending money with a credit card from Spain to India, Xe is our top choice of the 22 companies offering this service.
Keep on top of fees: using a credit card to transfer money can result in a fee being charged by your card issuer. Where possible, 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, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
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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