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How much does it cost to send money to Spain?
Sending money to Spain can be more affordable than you might think. However, understanding the fees can be confusing. This confusion arises because money transfer providers make money in different ways. They can charge transfer fees, mark up the exchange rate, or do both simultaneously.
Let's imagine you want to send $1,000 from the United States to Spain.
After analyzing the 20+ providers in our database, we have found that your best option would be to send money with Wise via bank transfer. They add no markup to the exchange rate, and charge a fee of approximately $9.03.
Mid-market rate versus markup
The mid-market rate is the average between the buying and selling prices of two currencies. It fluctuates over time. The markup is the additional amount charged by the provider above this rate.
At MoneyTransfers.com, we make it easy to compare rates by providing the updated exchange rate markup for each money transfer provider. Additionally, you can review fees, transfer times, and read customer reviews.
Best services to send money to Spain
When choosing a method to send money to Spain, you'll want to consider factors like convenience, cost, and transfer times.
Wise offers the mid-market exchange rate on transfers to and from Spain. It focuses on providing a great balance between low costs and fast transfer times.
TorFX prioritizes keeping the costs down, so you have always a cheap way to send money to Spain.
XE offers the fastest transfer times and fee-free transfers on amounts over $500.
Use our data to find the best options for you and discover the money transfer providers that offer the exact service you need.
The suggestions below are created by combining data from thousands of real-life searches that were conducted on MoneyTransfers.com by individuals who, like you, wanted to send money internationally to Spain.
Overall, Wise is the best way to send money to Spain. They have low, transparent fees and offer the mid market exchange rate.
Wise apart is its commitment to transparency and fairness, especially when it comes to currency conversion.
Cost: Wise fees aren't always the lowest, but their mid-market exchange rate is unbeatable. You can also calculate your exact fees before you send any money.
Speed: Wise is usually one of the fastest providers on the market. Transfers to Spain with Wise are often completed within a week.
Ease of use: Wise is the most user-friendly provider we've reviewed, with an intuitive app and clear navigation.
You can calculate your fees for sending money to Spain with Wise before you send any money using their online, in-app calculator. You can also open a multi-currency account, in which you can hold up to nine different currencies at once, including Euros.
Watch our video review of Wise
Our analysis shows that XE stands out as the fastest service for sending money to Spain. With a robust network that spans over 200 countries, XE ensures your money reaches its destination swiftly and securely. This global reach is particularly beneficial for those looking to send money not just to Spain but to various parts of the world, making XE a one-stop solution for international transfers.
One of the most appealing aspects of using XE is the absence of transfer fees on amounts over $500. This feature is a game-changer for regular senders, as it allows for significant savings over time. Whether you're supporting family, managing property expenses, or conducting business transactions in Spain, the cost-effectiveness of XE's service is undeniable.
Moreover, XE caters to a wide range of needs with its high transfer limits. This flexibility is crucial for both personal and business users who may need to send large sums of money. The convenience of being able to transfer substantial amounts without hassle, coupled with the peace of mind that comes from using a trusted service, makes XE a top choice for anyone looking to send money to Spain.
Our analysis shows that TorFX stands out as the cheapest service for sending money to Spain. This is a big deal if you're looking to transfer funds without losing out on high fees. TorFX makes this possible by not charging any transfer fees, which is a huge relief. Instead, they apply a small markup on the mid-market rate. This approach ensures you get a fair deal without any nasty surprises in the form of hidden charges.
Another aspect where TorFX shines is their customer service. Imagine having someone who knows the ins and outs of your transactions and is there to guide you through every step. That's what you get with TorFX - a dedicated account manager. This personalized touch makes navigating the complexities of international transfers a breeze, providing peace of mind and a level of service that feels tailored just for you.
Lastly, the convenience of 24/7 transfers cannot be overstated. Whether you're an early bird or a night owl, the ability to send money whenever you need to is super important. This feature is especially handy if you're dealing with time-sensitive payments or if you're in a different time zone. It ensures that you're never left waiting to make a transfer during traditional banking hours, giving you control and flexibility over your finances.
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What is the cheapest way to send money to Spain?
Money transfer services are the cheapest way to send money to Spain
Whether you need to send money to your loved ones in Spain, pay for tuition fees, or send large amounts of money to invest in a property, money transfer services help you avoid bank charges and processes.
The exact cost of sending money to EUR can be influenced by factors like:
The country of origin
The amount you need to send
The payment method you select
The current exchange rates
Our comparison engine helps you find the best deal for your transfer by comparing the exact costs of all the most reliable money transfer services on the market in 2025.
USD to EUR Live Exchange Rate
Sending money to another country requires an understanding of exchange rates. An exchange rate can be compared to a constantly changing price tag that indicates the value of your currency in relation to another country's currency, in this case Spain's EUR.
A favorable exchange rate means that you will receive more foreign currency for each unit of your own currency, making your transfer more effective.
Use the tool on this page to get the latest exchange rate for your currency to EUR. It's pre-set to USD but, if you're dealing with different currencies such as Euros or Canadian dollars, you can easily adjust the settings and get the values you need. This helps you know exactly how much money will arrive in Spain when you send it.
Expert Tip: Watch the Exchange Rate
Did you know you can save money by keeping an eye on exchange rates? If you're not in a hurry to send money to Spain, watching how the rates change can be smart. When the USD to Euro rate is good, your money will get you more in Spain. This means you can send more money without spending extra!
Sign up for our automated notifications. We'll let you know the best time to send money. With these alerts, you won't miss out on a great rate. It's like having a money-saving expert in your pocket!
How long does it take to send money to Spain?
Quick and efficient - that's what you need when sending money to Spain. Money transfer services offer a great solution to those times when speed is of the essence, as their transfer times tend to be much shorter compared to banks.
Take, for instance, an urgent need to transfer $1,000 from the USA to Spain. Services like XE excel in this regard, offering near-instantaneous transfers. Even other providers like Wise and TorFX, while not as fast, ensure your money arrives swiftly.
Bear in mind that speed, like costs, can be influenced by:
The amount you're transferring. Smaller sums often move through the system quicker, while larger amounts may face delays due to necessary security verifications.
The time you start the transfer. To maximize speed when you send the money via bank transfer, initiate the operation before your bank's cut-off time. Miss this, and your transfer gets postponed to the next business day.
How to send and receive money in Spain
Sending money to Spain, is easy, especially when you gather the necessary documentation, and meet all legal requirements. To help you avoid unnecessary complications and delays, we have compiled a simple step-by-step process.
Use our comparison engine to find the best deals.
Pick the provide the offers what you need.
Register a free account and confirm your identity. Usually, you will need a photo ID and a proof of address.
Choose the destination country of your money transfer, the amount to send, and your preferred payment method.
Confirm your recipient's details. You may be asked to confirm your relationship to the recipient and the purpose of your transfer.
Check the recipient's details to make sure they're correct.
Submit the transfer and wait for the money to reach its final destination.
Important information
Transfer limits in Spain. There are no legal limits on how much money you can send to Spain.
Taxes. Gift tax in Spain is complicated. The recipient of large transfers as a gift will likely have to pay tax. The amount of tax due is reduced if the sender is a close family member. The tax rate can range from around 7.65% to 34%.
Reporting requirements. Amounts over €10,000 must be declared for money laundering purposes. Amounts over €3,000 in cash, and transactions involving €500 banknotes must also be declared.
What do you need to complete an international transfer to Spain?
When you open an account with a money transfer service, you will be asked to provide your personal information. Before the transfer is executed, you will also need to share the necessary details of your recipient.
Your contact details
You will need to share your contact details with the provider of your choice, so make sure to double check your email and address are correct.
Photo ID
Money transfer services will need you to share a photo ID to confirm your identity. Have it ready and make sure it's valid.
Proof of address (optional)
Some providers may ask you to share a phone bill or a bank statement to prove your address.
Spain money transfer guides
Financial regulators in Spain
The Comisión Nacional del Mercado de Valores (CNMV) is responsible for the accounting standards of banks and other financial institutions in Spain.
Analysis and methodology
At MoneyTransfers.com, we're not just another comparison site; we're your ally in beating the high costs and complexities of international money transfers. Our platform is designed to turn the tables on overpriced banks and providers, ensuring you get the best deal every time.
What sets us apart
Unmatched Transparency: We believe in honesty and clarity. With us, what you see is what you get - no hidden agendas, no preferential treatment for providers.
Comprehensive Provider Network: We go the extra mile to include an extensive range of providers in our comparisons. From industry giants to innovative newcomers, we partner with a diverse array of trusted providers, ensuring you have access to the best options available.
Tailored Solutions: We understand that every customer's needs are unique. That's why we offer personalized recommendations based on your specific requirements, ensuring you find the perfect match to send money to Spain.
The results displayed on this page are based on data we collected via our comparison engine during the past six months and show you a simple way to get the best fees, fastest transfer times, or most helpful customer support.
