Everything You Need to Know About Sending Money to Spain

Sending Money to Spain? Avoid Costly Mistakes

Whether you're supporting family, paying rent, sending funds to a business partner, or covering tuition fees, sending money to Spain is easier than ever — but not all options are created equal.

Banks often charge more than they should, platforms like PayPal add hidden fees, and delivery times can be unpredictable.

This guide will walk you through the best ways to send money to Spain, how to avoid hidden costs, and which provider delivers the most value for your euros.

Common Reasons People Send Money to Spain

• Paying rent or buying property in Spain

• Supporting expat family members

• Paying tuition or school fees

• Transferring pensions or retirement funds

• Paying local service providers or taxes

• Sending money to friends, freelancers, or remote workers

Currency Routes: What to Watch For

GBP to EUR Transfers

Most common for UK residents or retirees. Avoid banks that mark up the rate and charge up to £30 per transfer.

USD to EUR Transfers

Popular with Americans supporting family or funding expat lifestyles. U.S. banks are known for slow speeds and high fixed fees.

Other Currencies

Wise supports 40+ currencies, including AUD, CAD, CHF, and more — making it a great option for anyone sending to Spain from abroad.

How Wise Simplifies Transfers to Spain

Wise offers a transparent, fast, and secure way to send money to Spanish bank accounts — without the inflated fees.

Mid-Market Exchange Rates

Wise uses the real exchange rate — the one you see on Google. No hidden fees, no inflated rates.

Transparent Fees

You’ll always see:

• The transfer fee

• The delivery time

• The amount the recipient will get — before you send

Fast Delivery

Most GBP or USD transfers to Spain arrive within one business day, often sooner.

Real-Life Example – Sending £1,000 to Spain

✅ Save up to €33 or more per transfer when using Wise.

What You Need to Send Money to Spain

• A Wise account (or other provider)

• Recipient’s full name

• Spanish IBAN (starts with ES)

• Transfer amount and currency

• Payment method (bank transfer, debit card, etc.)

Pro tip: Double-check the IBAN to avoid delays or rejections.

Key Benefits of Using Wise for Spain Transfers

• Great for rent, tuition, and family support

• Available in over 160 countries

• Easy to set up one-time or recurring payments

• No recipient account required with Wise — funds go directly to their Spanish bank account

Final Thoughts – Sending Money to Spain Doesn’t Have to Be Expensive

Spain is a popular destination for students, retirees, and remote workers — but sending money there shouldn’t cost a fortune.

With Wise, you can enjoy faster transfers, better rates, and lower fees, whether you're sending pounds, dollars, or any of 40+ supported currencies.

✅ Send Money to Spain Now
✅ Compare GBP or USD to EUR Rates
✅ Open Your Wise Account

About 247 Expat Insurance – Helping You Thrive Abroad

At 247 Expat Insurance, we understand the challenges of living and managing finances abroad. From international money transfers to expat health coverage, our mission is to make your life simpler, safer, and more affordable.

We carefully research and recommend tools that help expats like you save money and avoid unnecessary fees — wherever life takes you.

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