How to send money to Spain

Save time and money when sending money to Spain from Australia.

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Spain may be on the other side of the world, but it's a country that Australia has strong links with. More than 58,000 Australians are of full or partial Spanish descent, with particularly large expat communities located in Sydney and Melbourne.

With such strong ties between the two countries, transferring money from Australia to Spain is a common transaction many people have to complete. But while it's possible to do this via your bank, you can enjoy big savings by utilising the services of a specialist money transfer provider.

Send money to Spain with TorFX

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

  • No transfer fees
  • Price match guarantee
  • Dedicated account manager assigned to you
  • Forex tools available
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Compare international money transfers to Spain

Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to Spain with our money transfer partners.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 0 1 - 2 days AUD 1.99 0.628 EUR
6,282
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries. Go to site Show details
AUD 1 1 day AUD 50.00 0.63 EUR
6,264
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 1 Same day AUD 0.00 0.63 EUR
6,296
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.63 EUR
6,302
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.63 EUR
6,302
Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.63 EUR
6,302
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.63 EUR
6,302
$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.626 EUR
6,263
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Same day AUD 3.99 0.625 EUR
6,249
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.632 EUR
6,289
Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies.
Go to site Show details
AUD 1 1 - 2 days AUD 45.00 0.633 EUR
6,299
TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

What's the best way to send money to Spain?

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Spain. Some offer cash pickup in as little as a few minutes, while others seamlessly transfer to bank accounts. Sending money through PayPal or your bank is also an option, but you'll typically face higher fees and weaker exchange rates when going that route.

Digital money transfer services

Companies like XE specialize in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient's Spanish bank account, often in as little as a day or two.

Cash transfers

Services like MoneyGram, Ria Money Transfers and Western Union allow you to transfer cash for pickup at a local branch in Spain— often in 15 minutes. While it's a fast way to send money, you'll pay for the convenience in weak exchange rates and high fees.

Banks

Spain uses the euro. The euro is a popular currency, so your local bank may be able to exchange them. If your bank supports the euro, beware of high fees and wide margins on the exchange rate compared to digital and other options when sending a wire transfer to Spain.

Let's crunch the numbers: Sending $1,000 to Spain

Let's say you need to send $1,000 to family in Spain. Here's what you might face as far as fees and exchange rates as of June 9, 2020.

Digital money transfer serviceCash transferBank transfer
Fee$6$60.00$9 + additional correspondent bank fees
Exchange rate1 AUD = 0.62 EUR1 AUD = 0.58 EUR1 AUD = 0.59 EUR
Transfer speed1-2 daySame day2-5 days
Amount receivedEUR 615EUR 580EUR 589
Verdict
  • Best value
  • Fast but expensive
  • Slowest

The digital money transfer option ends up being the best value, while a cash transfer is faster.

How to send money to Spain online

Sign up and send money with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and preferred payment method.
  2. Provide transfer details. Submit your recipient's contact information and pick a delivery method. If transferring to a bank, you'll need their Spanish bank account information.
  3. Confirm transfer details. Double-check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt's confirmation number to track the progress of your transfer to Spain. Some money transfer providers send a text or email when your transfer is complete.

What are the ways that I can send money to Spain

  • Bank transfers. Many major Australian banks will allow you to send money to Spain.
  • Money transfer providers. Providers like XE and CurrencyTransfer can help you quickly and easily transfer your money online.
  • Providers with cash pickup. Western Union, Remitly and MoneyGram allow you to send funds for cash pickup at agent locations.
  • PayPal. Electronic payment giant PayPal allows you to send money from Australia to Spain.
  • Checks and money orders. Although not a quick option, you could send an international check overseas if necessary.
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How to get the most out of your money transfer to Spain

Weigh costs and fees against convenience to learn how to compare money transfer providers that send to Spain to best meet your needs:

  • Exchange rates. The AUD-EUR relationship fluctuates often, so using a service that allows you to lock-in exchange prices may help you save money down the line if the euro rises against Australia dollar.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger AUD-EUR exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of euros you're sending to Spain.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to Spain.
  • Sending limits. Comparing prices for one large transfer instead of many small transfers is typically easier, so picking the service you use based on how much you're sending is a valid strategy for saving money.
  • Transfer methods. Whether you want money sent to a Spanish bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

Emergency cash transfer to Spain

When urgency trumps cost to get your money to Spain quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

How to send money to Spain without a bank account

Cash transfer services can help you if you don't have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.

Spain's exchange rates explained

The exchange rate determines how much one country's currency is worth in another country's currency. When a country's currency is strong, it yields more money when exchanging it in a country with a weaker currency. Spain's exchange rate is flexible compared to the Australian dollar, and the AUD-EUR relationship typically changes daily. Factors that influence the exchange rate include interest rates, economic stability and inflation.

Today's exchange rate AUD to EUR

1
0
Updated: 27 Jan 2021 21:04:44 UTC

Documents needed for sending to and receiving money in Spain

To send money to Spain from Australia, you'll need government-issued ID and other documents, while documents needed to pick up money in Spain may differ by company.

Documents to send money from Australia

To send money from Australia to Spain, you'll need documentation and details that include:

  • Identification. Most services require a driver's license, passport or other government-issued ID.
  • Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal checks.
  • Recipient information. Submit your recipient's name as it appears on their ID, along with their phone number and Spanish bank account information.

Documents to receive money in Spain

To pick up money in person, documentation can include:

  • Transfer number. The person sending you money can forward the transfer's confirmation details — called a PIN, an MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. A Spanish Passport, Spanish ID or similar official ID that is valid in the EU may be required to pick up your transfer.
  • Amount sent. You may need to know how much was sent, usually within 10% of the total.
  • Sender's information. Take along your sender's full name, the sending country and their address, if known.

What to watch out for

Sending money to Spain may be subject to taxes on the money transfer, but it depends on a lot of variables.

Bottom line

Sending your hard-earned money to Spain shouldn't cost a fortune. Compare money transfer companies that specialize in foreign transactions for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country specific guides the next time you need to make a transfer.

Learn more about using euro in Spain

More guides on Finder

International Money Transfer Offers

Important Information*
Logo for Azimo International Money Transfers
Azimo International Money Transfers

Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.

Logo for Send International Money Transfers
Send International Money Transfers

Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.

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