Compare money transfers to Spain

The Best Services To Transfer Money to Spain

Sending money to friends, family, or businesses based in Spain can be a tricky affair. You have to look for banks that offer such a service, determine the fees of performing this transaction, know the exchange rates, and more.

Thankfully, multiple apps and online services that offer this task have popped up. If you’re not certain of how to send money to the intended recipient, we’re here to help. We’ve compiled a list of some of the top services you can use to send money to Spain. 

How to send money to Spain online?

1. Enter the country of departure – United Kingdom.
2. Enter the country of receipt – Spain.
3. Select the departure currency - you can send money online from the UK in GBP, EUR, USD.
4. Enter the transfer amount in the selected currency - for example, 1000 GBP.
5. Select receipt currency - the recipient can receive money in Spain in EUR and USD.
6. Choose an appropriate option from the 8 proposed providers and follow the link to process a money transfer from the UK to Spain.

Which service can you can use to wire money to Spain?

Your Bank

One option you can use to send money to Spain is to look for a bank in your country that offers this service. The only problem is that it will likely be more expensive than a digital money transfer service. 

For starters, the fee you end up paying to send money to your recipient is pretty high because of high exchange rate markups. Markup refers to the extra cost that’s added to a fee to cater for overhead costs and profit. Some banks have a considerably high markup to increase their profit gains. 

Furthermore, most of these financial entities require you to have a bank account with them to be able to use their money wire services.

Western Union

Another way to wire money to Spain is through Western Union. Although this is one of the oldest remittance companies, it’s kept up with the times. 

The greatest benefit of this service is that it’s versatile. You can send money to your friend through the Western Union website, app, or by visiting one of their brick and mortar locations. If you wish to send an amount exceeding $5,000, you can also use their OnlineFX site.

TransferGo

TransferGo is one of the easiest ways to send money to both individuals and businesses in Spain.

You’re free to use your credit card or a bank account linked to your TransferGo account. But keep in mind that using a credit card will force you to pay whatever amount of fees your issuer charges. 

TransferWise

A UK-based company, TransferWise has developed to become one of the best money wire services. What we like most about this platform is that they use the exchange rate as it is.

Simply put; they don’t use any exchange-rate markups, and this keeps the transaction fees to a minimum. This makes it perfect for sending exceptionally large sums of money to Spain.

How Much Does it Cost to Wire Money to Spain?

The amount of fees you’ll incur depends solely on the money transfer service you choose. If you’re looking for a cheap alternative to wire money to Spain, TransferWise is your best bet.

Why You Should Trust Us?

We work with only the most trusted players in the international money transfer industry. Plus, we never share your financial information with third parties. So by choosing a company from our website, you’re guaranteed a secure and smooth transaction.