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Companies for transfers from India to Spain
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Most transfers are instant or same-day. Customers can earn rewards on every transaction."
"Ria Money Transfer has over 35 yeas of trusted experience. Send money online to over 190 countries, and to over 500,000 pickup locations."
Overall top choice: Wise
Of the 10 money transfer providers we tested and reviewed, Wise was a standout option for its combination of speed and cost.
Over the last six months, Wise appeared in 66% of searches for transfers between India and Spain.
When sending money from India to Spain, using Wise in a great option.
How to get the best deal on sending money from India to Spain
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from India to Spain.
- Choose a provider
Select the provider that offers you the best value on buying EUR & service for your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Considerations to make sending money from India to Spain easy
Comparing the different providers offering services between India and Spain, is the best way to send money with confidence.
The 10 providers we've compared ensures you will get the best options for your transfer to Spain from India. By taking the time to compare you can save yourself in the region of 3% of the total transfer amount.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring Indian Rupee to Spain.
Cheapest way to send money to Spain from India: Instarem
The cost is a combination of an average fee of 1,568.63* INR and an exchange rate for converting Indian Rupee to Euro that is 0.89% different to the mid-market rate.
On average, Instarem is 17.8% cheaper than the second-best option.
We would recommend Instarem for low cost, affordable transfers from Euros to Spain.
*The most common fee applied to INR-EUR by Instarem, based on data from the past six months.
Fastest company to send money to Spain from India: Ria Money Transfer.
Through our data, Ria Money Transfer was the quickest way to send money from India to Euro 44.1% of the time.
Sending money through Ria Money Transfer to Spain from India has an average fee of 4 INR.
To understand who was the fastest, we tested Ria Money Transfer as part of 10 money transfer providers. Within this, we looked at the overall speed of sending money from India to Spain. This was made up of transfer times to Spain after Indian Rupees were added to a money transfer account.
When fast money transfers between India and Spain are a priority, Ria Money Transfer is our recommended choice.
Transfer a large amount of money
Wise is the strongest option for large transfers of the 10 money transfer companies tested.
Whatever the reason is for the transfer, sending large amounts of money from India to Spain 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 Spain from India.
Understanding the cost of transferring money to Spain from India
Fees and exchange rates make up the total cost of sending money from Spain to Spain. Finding a company that can offer both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: The current INR-EUR mid-market rate is 0.0113 EUR per Indian Rupee. You will get more Euro for your Indian Rupees if you find a provider close to this number.
For context, over the last three months the INR-EUR mid-market rate has had a high of 0.0114, a low of 0.0106 and averaged 0.0109 EUR per Indian Rupee.
Across the 10 companies compared, the best exchange rate is with Wise.
Unless fees are unusually high, the exchange rate you receive on converting INR to EUR will be the biggest determining factor when working out the cost of transferring Indian Rupees to Spain.
Fees: Transfer fees are charged as part of the transfer. Instarem at an average of 1,568.63 INR per transfer over the last 6 months, offers the lowest fees overall. We’d always recommend comparing providers for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount of Euro eventually received in Spain. You can assume that a lower cost of sending from India will result in more money received in Spain.
Getting the best exchange rate for Indian Rupee to Euro
Tracking the mid-market rate can make a huge difference when sending money INR to EUR. The exchange rate you secure impacts how much EUR you get for your INR.
Here's some data on recent trends in the mid-market rate.
Over the past six months, the interbank rate from INR to EUR has seen some fluctuation. On average, it has been 0.0109.
During this period, the highest value level was 0.0114, with a low of 0.0106.
Wise, which is our recommended service to send money online from India to Spain offers an exchange rate that is only -0.01% above the mid-market rate.
Want to secure the best INR-Euro exchange rates?
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Payment methods for India to Spain transfers
Bank transfers
Bank transfers are often the fastest option, and normally the cheapest, for sending money from India to Spain.
By opting for a money transfer company such as Instarem for transfers from India to Spain, 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 10 we tested when sending INR to Spain.
With an average fee of INR1,600 to send money from India to Spain, Instarem offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid card payments
Using a debit card, or prepaid option, for sending money from India to Spain is easy with Wise.
Wise is a market leader in debit card payments for transfers from India to Spain, this is among a total of 10 money transfer companies compared.
Credit card transfers
When it comes to sending money with a credit card from India to Spain, Instarem emerges as our top choice of the 10 companies offering this service.
Fee alert: credit card money transfers often result in a cash advance fee being charged by your card issuer. We recommend bank transfer or debit card where possible.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Spain and India.
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 India to Spain.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send INR to EUR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
