Send Money to Spain – Compare Transfers, Rates & Fees

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What Are the Cheapest and Fastest Ways to Send Money to Spain?

The cheapest and fastest way to send money to Spain is by using an online international money transfer service. These money transfer service companies help you send funds over the internet. They get money to others quickly and at a low price.

  • You can get good exchange rates and pay little or no transfer fees.
  • Money gets to them faster than with most high street banks.
  • You can use a mobile app or desktop for easy transfers.

Most UK to Spain transfers are done in less than a day. This is true if you use debit cards or the bank transfer option.

Which Services Offer the Best Exchange Rates to Spain?

Provider Transfer Fees GBP/EUR Rate € Received (on £1,000) Delivery Speed
Equals Money £0 1.17 €1,170 Same Day / Next Day
Regency FX £0 1.165 €1,165 Same Day
OFX £0 1.162 €1,162 1–2 Business Days
Halo Financial £0 1.163 €1,163 1–2 Business Days
Key Currency £0 1.161 €1,161 Same Day

🔹 These rates are based on checks done in the real market during August 2025. The rates may go up or down depending on how you pay and the time you send your money.

How Do I Send Money Securely to a Bank Account in Spain?

When you send money to a bank account in Spain, it is safe if you use companies that have been approved by the FCA. Here is how the process works:

  1. Sign up with a provider like Equals or Key Currency.
  2. Enter the recipient’s full name and account details. You will need their IBAN, bank code, and BIC/SWIFT number.
  3. Choose how you want to pay. You can use a debit card, do a bank transfer, or use another way.
  4. Confirm the transfer. After that, you can track what happens in real time.
How Do I Send Money Securely to a Bank Account in Spain

What Information Do I Need to Transfer Money to Spain?

To send money to a bank account in Spain, you will need these things:

  • You need to have the full name of the recipient, just the way it is on the bank account.
  • Make sure you get the bank account number (IBAN).
  • Don’t forget to add the Bank Identifier Code, called SWIFT or BIC.
  • Some local bank accounts may ask for a special bank code.
  • You should give your own phone number and email address.
  • Sometimes, you might have to share why you are making the payment.

For cash pickup:

  • The name of the recipient should match what is written on their ID.
  • A secure reference number.
  • Their mobile phone number so they will get SMS updates.

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What Are the Typical Transfer Fees to Spain?

Most of the partners that we work with do not ask for transfer fees. But, you should watch for the exchange rate markup. This can be a spot where some costs hide. Make sure you check the exchange rate and look at the transfer fees.

  • There be a gap between the mid-market rate and the rate that your provider give you.
  • You might have to pay more when you make a payment with the card.
  • You can pick extra ways to get your money, like have it sent right away.

Always check the total cost of a transfer, and not just the fee you see first. Make sure you are looking at the latest list of countries and the money types they offer. This helps you get the best option for you.

How Long Do Transfers to Spain Usually Take?

Transfer Method Estimated Time
Bank Account (EUR) Same Day or 1 Day
Debit Card Within Hours
Credit Card 1–2 Business Days
Cash Pickup Instant to 24 hrs
Wire Transfer 1–2 Days
Can I Send Cash for Pickup in Spain

Can I Send Cash for Pickup in Spain?

Yes, there are some services that let you send cash for someone to pick up at a local branch in Spain. The person you send money to will need:

  • A valid ID from the government
  • A safe code to use during the transaction
  • Sometimes, a phone number so you can get updates

This way is mainly used in emergencies. It can also be used if the person getting the money does not have a bank account.

What Payment Methods Can I Use?

Most money transfer providers accept:

  • You can pay by a bank transfer if you use your sort code and account number.
  • A debit card can be used, too, if you want to make a payment.
  • You also have the choice to pay with a credit card.
  • A direct debit is a good way to pay if the payment needs to happen again and again.
  • You can use mobile app wallets if you want to make your payment this way.

You can put money into your FX provider’s local bank account before you start a transfer.

Credit card payments often have higher fees. But, you can get faster delivery when you use a credit card.

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Comparing Features, Fees, and Reliability for Seamless Money Transfers

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Are There Limits or Legal Checks When Sending to Spain?

Yes. UK-based services have to follow anti-money laundering laws. This means:

  • The first time you send money, you may need to show your ID.
  • You may be asked where you got the money.
  • The limits can go up or down based on who you send money with and which eligible transfers you use.
Provider Max Single Transfer Monthly Cap
Equals Money £50,000 £150,000
Regency FX £100,000 Unlimited
Key Currency £40,000 £200,000

Some providers let only eligible customers do money transfers, based on the type of currency and where you send the money. You can track your favourite currencies and watch how the exchange rate changes. This helps you know what the fairest rate is, so you get a good deal. When you do this, you can avoid hidden fees on your international money transfers.

FAQs – About Sending Money to Spain

Yes, you can use cash pickup. You can also use mobile apps with prepaid top-ups.

When you need to send a large amount of money, you can use a provider like Regency FX or OFX. This can help you avoid hidden fees. It’s a good way to make sure you get the most out of your transfer.

Yes. You need to have these to make sure your bank deposit is safe.

You can check currency rates every day. Some providers set a fixed rate when you begin the transfer. Watching your favourite currencies can help you pick the best time to send money.

Yes, they can do this if they are under the FCA and also give tracking and customer support.

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Correct as of 07 August 2025

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Page last updated on: 13/08/2025

Page reviewed by: Andrea Troy

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