Transfer Money to Spain

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GBP

Comparing 5 providers

Sorted by highest amount received

Real exchange rate 1 GBP = 1.1523 EUR 30-day trend · Data from Xignite.com
Live
Best options for your transfer
Excellent Best Deal
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1442
Recipient gets
€ 22,884 EUR
+€299 more vs the typical bank
Go to Moneycorp ›
Very Good
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1432
Recipient gets
€ 22,864 EUR
Go to Western Union Business Solutions ›
Good
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1422
Recipient gets
€ 22,844 EUR
Go to World First ›
OK
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1412
Recipient gets
€ 22,824 EUR
Go to Smart Currency Exchange ›
OK
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.1402
Recipient gets
€ 22,804 EUR
Go to UKForex ›
We get fees, exchange rates, and other details from money transfer providers, usually in real time. We try to keep this information accurate, but we can't guarantee it's always correct.

Questions you may have

Do I pay anything extra?
No. We may earn a commission, but you never pay more.
Is my money safe?
We only list regulated, licensed providers.
Why do rates change?
Exchange rates move constantly. We update results in real time.
What happens after I click?
You'll be redirected to the provider to complete your transfer securely.

Why Millions Use Us Before Sending Money

Regulated partners only

Real-time exchange data

Independent comparison

Best provider Moneycorp
Recipient gets € 22,884 EUR
Go to Moneycorp
Secure · No hidden fees

About Money Transfers to Spain

At MyCurrencyTransfer, we have helped over 600,000 expats & overseas property buyers save when sending money to Spain and we dont intend on stopping. As opposed to high street banks, our panel of the worlds leading FCA regulated currency brokers focus exclusively on international money transfers, helping you access wholesale euro exchange rates & cheaper money transfer quotes by up to 85% versus the bank rate of the day. Banks also apply transaction fees of up to £40 (equivalent) per international payment. As a special offer, our panel waive these charges and offer free money transfers above a certain amount (*FX fees apply).

Whether you are seeking to purchase a property in sunny Costa del Sol or scenic Majorca, we will help you save you a substantial percentage of money via multiple quotes from FCA (Financial Conduct Authority) regulated currency brokers. The main message is clear: shop around when transferring money to Spain. As a top tip: when making large money transfers to Spain, consider the use of a forward contract. This will help you set a budget & minimise against the risk of adverse currency fluctuations.

Last updated: May 08, 2014 Our methodology

Quick Facts: Spain

Key information for sending money to Spain

Transfer Speed
1 working day
Local Currency
EUR
Income Tax Rate
0-52%
Avg. Property Price/m²
3,026.23 EUR
Avg. Monthly Rent (3 bed)
854.66 EUR
IBAN Required
Yes

Money Saving Tips for Spain

Expert advice for your international transfer

Allow for 10 and 11 per cent of the overseas property purchase price to cover the costs of buying your property in Spain. This includes transfer tax and tax duty.

When buying property in Spain it is good to be aware that VAT on new-build properties increased to 10% in 2013.

If you are moving to Spain, you must request a Foreignerâs Identification Card within a month of arriving and carry it with you at all times.

You have to be sure you have cleared up all of your financial affairs in the UK before you moved abroad including clearing loans, sorting out bank accounts and telling HMRC you are leaving the UK.

What You Need to Send Money to Spain

Checklist of recipient bank details required

IBAN e.g. ES9121000418450200051332
International Bank Account Number
SWIFT/BIC Code e.g. BANKESXX
Bank identifier for international transfers
Account Number
Recipient's bank account number
Account Holder's Name
Full name as it appears on the bank account

Popular Banks in Spain

Banco Santander Banco Bilboa Vizcaya(BBVA) Banco Financiero y de Ahorros Bankia La Caixa CaixaBank

"When sending money to Spain, always compare multiple providers. The exchange rate is important, but don't forget to factor in transfer fees and delivery times. For larger amounts, even small rate differences can translate to significant savings."

— MyCurrencyTransfer Editorial Team

Frequently Asked Questions

Common questions about sending money to Spain

What is the cheapest way to send money to Spain?

The cheapest way to send money to Spain depends on your transfer amount. For larger transfers (over £1,000), specialist providers like Wise or OFX typically offer better rates than banks. Compare providers above to see which offers the best deal for your specific amount.

How long does it take to transfer money to Spain?

Most transfers to Spain are completed within 1-3 working days. Some providers offer same-day or next-day delivery for an additional fee. The exact time depends on the provider, payment method, and whether the recipient's bank processes weekend transfers.

What information do I need to send money to Spain?

You'll typically need: the recipient's full name (as it appears on their bank account), their bank account number, the bank's SWIFT/BIC code, and for some countries an IBAN. You may also need the recipient's address and the bank's name and address.

Are money transfer services safe to use?

Yes, the providers we compare are regulated by the Financial Conduct Authority (FCA) or equivalent regulators. They must keep your money in segregated accounts and follow strict anti-money laundering procedures. Always check a provider's regulatory status before sending money.

Should I use my bank to send money to Spain?

Banks are generally more expensive for international transfers due to higher exchange rate margins and fees. Specialist money transfer providers typically offer rates 2-4% better than banks. Use our comparison to see how much you could save.

How to Transfer Money to Spain

  1. Compare providers

    Use the comparison table above to find the best exchange rate and lowest fees for your transfer amount.

  2. Create an account

    Click through to your chosen provider and register for a free account. You'll need your email address and basic personal details.

  3. Verify your identity

    Upload ID documents as required (passport, driving licence, or national ID). Most providers verify within 1-2 business days.

  4. Enter recipient details

    Add your recipient's bank account details including their name, account number, and SWIFT/BIC code.

  5. Fund and track your transfer

    Pay by bank transfer or debit card, then track your money until it arrives. Most transfers complete within 1-3 working days.