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Overall top choice: Airwallex
Of the 13 money transfer providers we tested and reviewed, Airwallex was a standout option for its combination of speed and cost.
Over the last six months, Airwallex appeared in 38.4% of searches for transfers between South Africa and Spain.
When sending money from South Africa to Spain, using Airwallex in a great option.
Getting the best deal on your South Africa to Spain transfer
- Always compare rates
Don't pay more than you have to. Our live comparison tool will give you the best rates for sending money from South Africa to Spain.
- Choose a provider
Select the provider that offers you the best value & service for transfers between South Africa and Spain.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to Spain.
Summary of recent searches
Considerations to make sending money from South Africa to Spain easy
Comparing the different providers offering services between South Africa and Spain, is the best way to send money with confidence.
The 13 providers we've compared ensures you will get the best options for your transfer to Spain from South Africa. By taking the time to compare you can save yourself in the region of 3% of the total transfer amount.
Whilst we rate Airwallex as the best overall, comparing gives you a comprehensive view of all the options for transferring Rand to Spain.
Cheapest way to send money to Spain from South Africa: Veem
The cost is a combination of an average fee of 0* ZAR and an exchange rate for converting Rand to Euro that is 2.2% different to the mid-market rate.
On average, Veem is 0% cheaper than the second-best option.
We would recommend Veem for low cost, affordable transfers from Euros to Spain.
*The most common fee applied to ZAR-EUR by Veem, based on data from the past six months.
Fastest way to send money from South Africa to Spain: Airwallex.
Data from the last six months shows Airwallex to be the quickest way to send money from South Africa to Euro in 40.2% of searches. For fast transfers between ZAR and EUR, Airwallex comes highly recommended.
Using Airwallex for fast transfers from South Africa to Spain has an average fee of 0 ZAR.
Within our comparison we looked at the 13 money transfer providers offering transfers from South Africa to Spain. Within this we looked at overall speed of sending money from South Africa to Spain after depositing Rand to a money transfer account.
When faster money transfers are a priority, Airwallex is our recommended choice for sending into Spain from South Africa.
Transfer a large amount of money
Airwallex is the strongest option for large transfers of the 13 money transfer companies tested.
Whatever the reason is for the transfer, sending large amounts of money from South Africa to Spain can become expensive through your bank or with the wrong provider.
Our data shows Airwallex as the best choice for sending large sums of money to Spain from South Africa.
Understanding the cost of sending money to Spain from South Africa
The cost of sending money from Spain to Spain, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from ZAR-EUR is 0.0523 EUR per Rand.
Finding a provider offering an exchange as close to 0.0523 as possible will ensure more Euro received when transferring.
For context, the ZAR-EUR mid-market rate for the past three months has averaged 0.0505 EUR per Rand. This includes a high of 0.0525, and low of 0.0486.
Airwallex currently offers the best exchange rate on transfers from South Africa to Spain.
For the most part the ZAR-EUR exchange rate you receive is the biggest factor impacting the cost of sending ZAR to Spain.
Fees: Outside of exchange rates, you may need to pay a fee to send. Veem currently offers the lowest fees on transfers to Spain from South Africa, averaging 0 ZAR over the last 6 months. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Euro is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Rands to EUR, paired with a low fee, means a higher total amount received in Spain.
Getting best exchange rate for transfers between Rand and Euro
Timing is essential for transferring money between ZAR and EUR. The exchange rate you secure impacts how much EUR you get for your ZAR.
The recent trends between the currencies are:
Over the past six months, the mid-market rate from ZAR to EUR has moved slightly. On average, it was 0.0505.
During this same period,there was a high of 0.0525, and a low of 0.0486.
Airwallex, which is our recommended service to send money online from South Africa to Spain offers an exchange rate that is only 0.02% above the mid-market rate.
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Payment methods for South Africa to Spain transfers
Bank transfers
Bank transfers are often the fastest option, and normally the cheapest, for sending money from South Africa to Spain.
By opting for a money transfer company such as Veem for transfers from South Africa to Spain, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Veem is the cheapest provider for bank transfers from the 13 we tested when sending ZAR to Spain.
With an average fee of ZAR0 to send money from South Africa to Spain, Veem 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 South Africa to Spain is easy with Wise.
Wise is a market leader in debit card payments for transfers from South Africa to Spain, this is among a total of 13 money transfer companies compared.
Credit card transfers
When it comes to sending money with a credit card from South Africa to Spain, Instarem emerges as our top choice of the 13 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 South Africa.
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 South Africa to Spain.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send ZAR to EUR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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