Send Money to Spain – Compare Transfers, Rates & Fees

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  1. FCA-Authorised Money Transfer Services
  2. You can send money quickly to Spanish bank accounts, or choose cash pickup where supported.
  3. Low fees and competitive GBP → EUR exchange rates
  4. Our partners make it safe and simple to send money using mobile apps or online transfers.

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.

  1. You can get good exchange rates and pay little or no transfer fees.
  2. Money gets to them faster than with most high street banks.
  3. Transfers can be made easily through a mobile app or online, with most providers offering real-time tracking.

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.

Compare today’s GBP→EUR rates in seconds

Which Services Offer the Best Exchange Rates to Spain?

Provider Transfer Fees GBP → EUR Rate € Received (on £1,000) Delivery Speed
Equals Money £0 1.1680 €1,168 Same day / Next day
Regency FX £0 1.1665 €1,166.50 Same day
OFX £0 1.1635 €1,163.50 1–2 business days
Halo Financial £0 1.1640 €1,164 1–2 business days
Key Currency £0 1.1625 €1,162.50 Same day

🔹 These rates are based on checks done in the real market during December 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 secure as long as you use an FCA-regulated provider. Here’s how the process works:

  • Sign up with a provider such as Equals, Regency FX or Key Currency.
  • Enter the recipient’s full name and their account details — including IBAN and BIC/SWIFT, which are required for all EUR bank deposits in Spain.
  • Choose your payment method (debit card, bank transfer or other supported options).
  • Confirm the transfer and track it in real time through your app or online account.
How Do I Send Money Securely to a Bank Account in Spain

Using trusted providers also helps you compare money transfer services to find the best overall rate and lowest fees.

Find the cheapest way to send money to Spain

What Information Do I Need to Transfer Money to Spain?

To send money to a bank account in Spain, you will need the following details:

  • The recipient’s full name, exactly as it appears on their bank account.
  • Their IBAN (Spain uses a 24-character IBAN beginning with ES).
  • The Bank Identifier Code (BIC/SWIFT).
  • In some cases, an additional bank code may be required by the provider.
  • Your own contact details, including your mobile number and email address for transfer updates.
  • You may also be asked for the reason for payment and basic payment details to comply with security checks.

For cash pickup:

  • The recipient’s name must match their government ID.
  • A secure reference number for collection.
  • Their mobile phone number to receive SMS notifications.

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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.

  1. There be a gap between the mid-market rate and the rate that your provider give you.
  2. You might have to pay more when you make a payment with the card.
  3. 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

See which provider sends the highest EUR amount

Can I Send Cash for Pickup in Spain

Can I Send Cash for Pickup in Spain?

Some providers also allow cash pickup, where your recipient collects money from a local cash pickup location in Spain. To receive the funds, they will typically need:

  • A valid government-issued ID
  • A secure reference code for the transaction
  • Their mobile phone number for SMS updates

Cash pickup is useful in emergencies or when the recipient does not have a bank account.

What Payment Methods Can I Use?

Most international money transfer providers support several secure payment methods. The right option for you depends on speed, fees and the cheapest way to complete your transfer.

Common payment options include:

  • Bank transfer using your sort code, account number and payment details
  • Debit card, often the fastest low-cost option
  • Credit card, which may come with extra fees but offers quick delivery
  • Direct debit for regular or repeated payments
  • Mobile wallets such as Apple Pay or Google Pay

Some providers also allow you to pre-fund your transfer by sending money to their local bank account, which can reduce costs.

Credit card payments may cost more, but they can speed up the transfer. Bank transfers are usually the cheapest way to fund your payment.

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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 money transfer providers must follow anti-money-laundering (AML) and security regulations. This may include:

  • Identity checks the first time you send money
  • Providing basic information about where the funds came from
  • Extra checks depending on the account type, payment method or transfer size
  • Confirming the recipient’s IBAN number, bank name or purpose of transfer

Transfer limits vary by provider:

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 offer higher limits for verified customers, especially when sending large bank transfers to Spain.

Most platforms also provide real human help if you need support during verification.

Tracking exchange rate changes and choosing the fairest rate helps you avoid hidden fees and ensures you get the cheapest way to send money safely.

Check fees upfront before you transfer

FAQs – About Sending Money to Spain

Yes, you can use cash pickup or prepaid mobile wallet options. Cash pickup requires the recipient to bring a valid ID and visit the correct agent location, making this helpful if the recipient does not use online banking.

For larger transfers, specialist providers like Regency FX or OFX may offer lower fees and better exchange rates. They normally display fees upfront and give a clear view of the amount of money your recipient will receive before you confirm the transfer.

Yes. For international bank transfers, you must enter the IBAN, SWIFT/BIC code, and recipient’s full name. Some services may also request the recipient’s email address for delivery updates.

Most transfers from the United Kingdom are delivered the same day or next day. International transfer duration varies based on transfer method and provider, with debit card payments usually offering faster transfer speeds.

Yes. FCA-regulated services use HTTPS encryption, strong authentication and secure systems to protect your personal details, giving you peace of mind when making international payments.

You may need the recipient’s full name (as shown on their bank account), IBAN, SWIFT/BIC, bank name, and sometimes their email address. For cash pickup, you’ll need their name and mobile number.

Some providers support email transfers, where the recipient is notified by email once funds are received. This is common for bank deposits and some wallet-based payouts.

Most providers show a personalised estimate before you confirm your transfer. This includes the exchange rate, fees upfront, and any card charges — ensuring you know the full cost before sending.

Limits vary by provider, but large transfers may require ID verification or proof of funds, depending on the provider and the size of your transaction.

Exchange rates can update multiple times per minute based on global market activity. Most providers use live market pricing, so the rate you receive depends on when you start the transfer. Some services offer a fixed rate for a short period, helping you avoid sudden fluctuations.

The cheapest way is usually an online money transfer provider that shows fees upfront and offers a competitive GBP→EUR rate. High street banks often charge more through higher fees and weaker exchange rates, so comparing providers helps you find the cheapest way for your transfer.

Generally, sending personal money transfers (such as gifts, family support or remittances) does not require reporting in the UK. However, large transfers linked to business, property or inheritance may require additional documentation depending on the situation. Always check local guidance if you’re unsure.

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Page last updated on: 17/12/2025

Page reviewed by: Andrea Troy

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