Send money to Spain
InstaReM
Rate 0.8873 · Fee free
You send
$1,000
Estimated receipt
€887
€41 more than the lowest estimate · 0.15% markup vs mid-market
Affiliate link · No extra cost to you
Quick answer: InstaReM ranks first of 20 for 1,000 USD → EUR: 887.28 EUR estimated. 40.94 EUR separates first from last.
Latest pricing observation: . Oldest observation used: . Quotes are kept per USD→EUR pair, not per country, so check is served before you commit. Methodology.
What is the cheapest way to send USD to EUR?
Sending $1,000 to Spain, ranked by estimated payout.
Source: our collected quotes
Effectively tied · rated 4.4
0.8836
Free
€883.55
Send
0.8810
Free
€880.97
Send
0.8801
$0.99
€879.22
Send
0.8696
$2.49
€867.44
Send
0.8620
Free
€861.96
Send
Chase (US)
1-3 business days
€859.65
recipient gets
0.8567
Free
€856.72
Send
0.8697
$15.00
€856.64
Send
Estimated payout difference: €40.94 between first and last on $1,000.
Spain receives significant remittances from Latin American diaspora communities (Colombia, Ecuador, Bolivia, Morocco) and from Spanish nationals living abroad. Spanish IBANs (ES format, 24 characters) follow the standard SEPA format. Bizum — Spain's mobile payment system — has over 25 million users and allows instant transfers using just a phone number, though international inbound delivery is limited and mostly goes via bank accounts.
- Spanish IBANs are 24 characters: ES + 2 check digits + 4-digit bank code + 4-digit branch code + 2-digit control digit + 10-digit account number. Santander, BBVA, CaixaBank, and Banco Sabadell are the four largest banks.
- Bizum is Spain's interbank instant payment system linked to mobile numbers. Over 25 million Spaniards use Bizum — once funds reach a Spanish bank account, recipients can move money to Bizum instantly.
- SEPA Instant is supported by all major Spanish banks including Santander, BBVA, CaixaBank, and Bankinter — transfers arrive in under 10 seconds.
- The Banco de España and CNMV regulate financial services in Spain.
- Spain has the largest Latin American diaspora in Europe — over 2.5 million Latin Americans live in Spain, and inbound remittances from Colombia, Ecuador, and Bolivia are significant.
Which provider offers the best USD to EUR rate?
InstaReM
4.0Exchange rate
0.8873
Fee
Free
Recipient gets
€887.28
Speed
1-3 business days
Crypto & stablecoin routes for USD → EUR
Each is a fiat on-ramp → blockchain → local cash-out, not a one-tap transfer. All-in cost below.
KrakenBeats mid-market
Coinbase → Stellar (USDC) → Kraken (CCXT) · ~5 seconds
889 EUR
0.18% rebate all-in
+
KrakenBeats mid-market
Coinbase → Stellar (USDC) → Kraken (CCXT) · ~5 seconds
889 EUR
0.18% rebate all-in
- 1Coinbase USD→USDC: FREE
- 2Stellar network: 0.000001 USDC
- 3Kraken (CCXT): 0.01% spread
- 40.09 EUR withdrawal fee
Also routable via Stellar (USDC), Solana (USDC), Polygon (USDC), Avalanche (USDC).
Source: CCXT (kraken)
Crypto rails involve exchange accounts, wallets, and price/liquidity risk. Costs are estimates from live exchange and network data, refreshed every 6 hours. Not financial advice.
Guides, fees & how it works
Which provider suits each USD→EUR transfer?
InstaReM currently delivers the most EUR on this route, while Wise is the fastest.
Cheapest transfer
InstaReM
Delivers the most EUR for your money
Fastest transfer
Wise
Delivers in Instant
Cash pickup
Remitly
Widest cash pickup network
Bank transfer
InstaReM
Best rate for bank deposit to Spain
What you need to send money to Spain
Full name
Recipient's full legal name as it appears on their bank account
IBAN
24-character IBAN starting with 'ES'
Example: ES7921000813610123456789
Bank name
Name of the receiving bank
SWIFT/BIC code
Optional8 or 11-character SWIFT code identifying the bank (may be optional with IBAN)
Transfer examples: USD to EUR
Send $500
| Provider | Fee | Rate | Receives | Speed |
|---|---|---|---|---|
| InstaReM0.89 · 1-3 business days | Free | 0.89 | €444 | 1-3 business days |
| Revolut0.89 · 0-1 days | $0.75 | 0.89 | €443 | 0-1 days |
| Wise0.89 · Instant | $1.35 | 0.89 | €443 | Instant |
| TapTap Send0.88 · Under 3 minutes (95% of transfers) | Free | 0.88 | €440 | Under 3 minutes (95% of transfers) |
| LemFi0.88 · Minutes to 1 business day | Free | 0.88 | €440 | Minutes to 1 business day |
| XE Money Transfer0.88 · 0-3 days | Free | 0.88 | €439 | 0-3 days |
Send $1,000
| Provider | Fee | Rate | Receives | Speed |
|---|---|---|---|---|
| InstaReM0.89 · 1-3 business days | Free | 0.89 | €887 | 1-3 business days |
| Revolut0.89 · 0-1 days | $1.50 | 0.89 | €886 | 0-1 days |
| XE Money Transfer0.88 · 0-3 days | Free | 0.88 | €884 | 0-3 days |
| Wise0.89 · Instant | $5.47 | 0.89 | €884 | Instant |
| TapTap Send0.88 · Under 3 minutes (95% of transfers) | Free | 0.88 | €881 | Under 3 minutes (95% of transfers) |
| Remitly0.88 · Minutes to 3-5 days | $2.99 | 0.88 | €880 | Minutes to 3-5 days |
Send $5,000
| Provider | Fee | Rate | Receives | Speed |
|---|---|---|---|---|
| Revolut0.89 · 0-1 days | $1.50 | 0.89 | €4,436 | 0-1 days |
| Wise0.89 · Instant | $5.47 | 0.89 | €4,439 | Instant |
| InstaReM0.89 · 1-3 business days | Free | 0.89 | €4,436 | 1-3 business days |
| Remitly0.89 · Minutes to 3-5 days | $2.99 | 0.89 | €4,422 | Minutes to 3-5 days |
| XE Money Transfer0.88 · 0-3 days | Free | 0.88 | €4,417 | 0-3 days |
| CurrencyFair0.88 · 0-6 days | $3.40 | 0.88 | €4,414 | 0-6 days |
How much does it cost to send money to Spain?
Of the 20 estimates we hold for $1,000 USD to EUR, 9 charge no transfer fee and 11 charge between $0.99 and $15.00. Their exchange rates sit 0.00% to 4.28% above the mid-market rate (median 1.42%), a spread worth 38 EUR on this amount.
A steady pair: just 4.2 points apart; today's "great" is typical. Best payout day InstaReM (1 October 2026), worst TapTap Send (11 April 2026).
How can my recipient receive money in Spain?
Recipients in Spain have 3 ways to receive this transfer: sepa transfer; bank deposit; cash pickup.
SEPA Transfer
Fast SEPA bank transfer within the Single Euro Payments Area.
Bank Deposit
Direct transfer to bank accounts in Spain.
Cash Pickup
Collect cash from agent locations in Spain.
How long does it take to send money to Spain?
10 of the 21 providers quoting USD to EUR advertise delivery within minutes (Wise, TapTap Send, Remitly); 11 quote longer, such as InstaReM at 1-3 business days on USD to EUR.
Provider-stated speeds for Spain, not our measurement.
- WiseInstant
- TapTap SendUnder 3 minutes (95% of transfers)
- RemitlyMinutes to 3-5 days
- LemFiMinutes to 1 business day
- Western UnionMinutes to 5 days
- InstaReM1-3 business days
- Revolut0-1 days
- XE Money Transfer0-3 days
- CurrencyFair0-6 days
- Currencies Direct0.5-1.5 days
Exceptional time to send
SendScoreBest rate +2.01% vs the 30-day average, near the 90-day high. Rates are improving — +1.01% week on week. Today's best beats the median provider by +3.15%.
- 40%near the 90-day high
- 25%+2.01% vs the 30-day average
- 20%today's best beats the median provider by +3.15%
- 15%improving — +1.01% week on week
Who is usually cheapest here
InstaReM delivered the most on 89 of the last 91 days it quoted here (98%); InstaReM is today's best too.
- 98%InstaReM — cheapest on 89 of 91 days it quoted
- 2%TapTap Send — cheapest on 2 of 91 days it quoted
- 0%LemFi — cheapest on 0 of 91 days it quoted
- 0%Revolut — cheapest on 0 of 90 days it quoted
91 contested days of 91; single-quote days excluded for USD→EUR. See every corridor.
USD→EUR: 196 days of our recorded provider rates
USD to EUR Exchange Rate History
Per 100 USD sent, last 14 of 196 days.
| Date | Xoom (PayPal) | InstaReM | Wise | __mid Market__ | MoneyGram |
|---|---|---|---|---|---|
| Trend | |||||
| Oct 3 | 0.8065 | 0.8873 | 0.8887 | 0.8887✓ | 0.8777 |
| Oct 2 | 0.8065 | 0.8873 | 0.8887 | 0.8887✓ | 0.8777 |
| Oct 1 | 0.8037 | 0.8881 | 0.8894✓ | 0.8894 | 0.8717 |
| Sep 30 | 0.8001 | 0.8811 | 0.8825 | 0.8825✓ | 0.8733 |
| Sep 29 | 0.8000 | 0.8803 | 0.8817 | 0.8817✓ | 0.8703 |
| Sep 28 | 0.7980 | 0.8781 | 0.8793✓ | 0.8793 | 0.8693 |
| Sep 27 | 0.7970 | 0.8773 | 0.8787✓ | 0.8787✓ | 0.8693 |
| Sep 26 | 0.7970 | 0.8765 | 0.8778 | 0.8779✓ | 0.8693 |
| Sep 25 | 0.7974 | 0.8765 | 0.8778✓ | 0.8778✓ | 0.8705 |
| Sep 24 | 0.7967 | 0.8774 | 0.8789✓ | 0.8789✓ | 0.8634 |
| Sep 23 | 0.7948 | 0.8771 | 0.8784✓ | 0.8784✓ | 0.8634 |
| Sep 22 | 0.7926 | 0.8720 | 0.8735✓ | 0.8735✓ | 0.8624 |
| Sep 21 | 0.7911 | 0.8708 | 0.8721✓ | 0.8721✓ | 0.8619 |
| Sep 20 | 0.7905 | 0.8691 | 0.8707✓ | 0.8707✓ | 0.8619 |
Frequently asked questions
Common questions about sending money to Spain
What is the cheapest way to send money to Spain?
On USD to EUR, the measured leader is InstaReM, which led on 89 of the last 91 days we could compare. For Latin American senders (Colombian, Ecuadorian, Bolivian), Remitly, WorldRemit, and Ria offer competitive rates. For USD-to-EUR, OFX and Wise are very competitive. EUR is a liquid currency — focus on fees as well as rate when comparing.
What IBAN format do Spanish banks use?
Spanish IBANs are 24 characters: ES + 2 check digits + 4-digit entidad (bank code) + 4-digit oficina (branch) + 2-digit DC (control) + 10-digit account number. Example: ES9121000418450200051332. Santander code: 0049, BBVA: 0182, CaixaBank: 2100, Sabadell: 0081.
How long does a transfer to a Spanish bank take?
SEPA Instant transfers to Spanish banks arrive in seconds. Standard SEPA Credit Transfer arrives next business day. Wise delivers to Santander, BBVA, CaixaBank using SEPA Instant where supported. International wires take 1–3 business days for the SWIFT leg before SEPA settlement.
What is Bizum and can I receive international transfers via Bizum?
Bizum is Spain's bank-backed instant payment system, allowing transfers via mobile number between linked accounts. It is widely used for domestic P2P payments but does not support direct international inbound transfers. To receive money from abroad, use a standard Spanish bank account (IBAN). The recipient can then move funds to their Bizum balance instantly via their banking app.
Are remittances taxed in Spain?
Spain has Impuesto sobre Sucesiones y Donaciones (inheritance and gift tax), which varies significantly by region (Comunidad Autónoma). Madrid and Catalonia have very low effective gift tax rates. Family support transfers between immediate relatives are generally exempt. Spanish tax residents must declare assets abroad above €50,000 via the Modelo 720 form. Routine family remittances are not considered taxable income.