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Send money to Spain
USD
EUR|Updated recentlyMid-market 0.8614Cheapest todayof 19 providers
InstaReM
Rate 0.8601 · Fee free
You send
$1,000
Recipient gets
€860
Affiliate link · No extra cost to you
Quick answer: The cheapest way to send money to Spain in May 2026 is InstaReM, which delivers 860.12 EUR on a 1,000 USD transfer with a fee of zero and an exchange rate of 0.8601. According to SendMoneyCompare's comparison of 19 providers updated every 6 hours, the difference between the cheapest and most expensive provider on this corridor is 3 EUR.
Last reviewed: by Awais Imran, Reviews Editor
→
Rates are typical right now
27th percentile
Based on 60 days of data (2026-03-13 to 2026-05-20)
Today's best
€85.61
Remitly
60-day avg
1 USD = 0.86 EUR
Best rate
0.87
2026-03-15 · InstaReM
Worst rate
0.85
2026-05-14 · Remitly
What is the cheapest way to send USD to EUR?
Sending $1,000 from to Spain. Sorted by best value — most money received.
Source: SendMoneyCompare · Data updated every 6 hours from live provider APIs
#ProviderRateFeeRecipient gets
Rate 0.8601·Fee Free·0.15% markup
↓ 1.9% over 60dAvg: 0.85 EUR (+0.1% vs avg)Range: 0.84–0.87
1
InstaReMBest value
1-3 business days0.15% markup
↓ 1.9% over 60dAvg: 0.85 EUR (+0.1% vs avg)Range: 0.84–0.87
0.8601
Free
€860.12
Rate 0.8605·Fee $1.50·0.11% markup
↓ 0.4% over 54dAvg: 0.86 EUR (-0.3% vs avg)Range: 0.85–0.86
2
0.8605
$1.50
€859.18
Rate 0.8615·Fee $5.47
↓ 1.6% over 60dAvg: 0.86 EUR (+0.4% vs avg)Range: 0.85–0.88
Rate 0.8559·Fee $0.99·0.64% markup
↓ 0.5% over 54dAvg: 0.86 EUR (-0.4% vs avg)Range: 0.85–0.86
4
0.8559
$0.99
€855.06
Rate 0.8540·Fee Free·0.86% markup
↓ 2.5% over 54dAvg: 0.85 EUR (-0.5% vs avg)Range: 0.84–0.87
5
Under 3 minutes (95% of transfers)0.86% markup
↓ 2.5% over 54dAvg: 0.85 EUR (-0.5% vs avg)Range: 0.84–0.87
0.8540
Free
€854.01
Rate 0.8565·Fee $2.99·0.57% markup
Best rate 18 of 60 days
↓ 1.8% over 60dAvg: 0.86 EURRange: 0.84–0.87
6
Minutes to 3-5 days0.57% markup
Best rate 18 of 60 days
↓ 1.8% over 60dAvg: 0.86 EURRange: 0.84–0.87
0.8565
$2.99
€853.95
Rate 0.8563·Fee $3.50·0.59% markup
↓ 0.4% over 54dAvg: 0.86 EUR (-0.3% vs avg)Range: 0.85–0.86
7
0.8563
$3.50
€853.34
Rate 0.8527·Fee $1.99·1.01% markup
↓ 1.8% over 60dAvg: 0.85 EUR (+0.4% vs avg)Range: 0.84–0.87
8
0.8527
$1.99
€851.02
Rate 0.8493·Fee Free·1.41% markup
Rate 0.8507·Fee $1.99·1.24% markup
↓ 0.3% over 54dAvg: 0.85 EUR (-0.3% vs avg)Range: 0.84–0.85
10
0.8507
$1.99
€849.04
Rate 0.8454·Fee Free·1.86% markup
Most stable rate
↑ 0.1% over 54dAvg: 0.84 EUR (+0.2% vs avg)Range: 0.84–0.84
11
0.8454
Free
€845.39
Rate 0.8435·Fee $2.49·2.08% markup
2.1% markup
↓ 0.8% over 54dAvg: 0.85 EUR (-0.6% vs avg)Range: 0.84–0.85
12
0.8435
$2.49
€841.40
Rate 0.8375·Fee Free·2.78% markup
↓ 1.8% over 56dAvg: 0.84 EUR (+0.3% vs avg)Range: 0.82–0.85
13
2-5 business days2.78% markup
↓ 1.8% over 56dAvg: 0.84 EUR (+0.3% vs avg)Range: 0.82–0.85
0.8375
Free
€837.47
Rate 0.8401·Fee $5.00·2.47% markup
Rate 0.8350·Fee Free·3.07% markup
↓ 1.6% over 60dAvg: 0.83 EUR (+0.5% vs avg)Range: 0.81–0.85
15
0.8350
Free
€834.97
Rate 0.8364·Fee $5.00·2.90% markup
↓ 1.7% over 44dAvg: 0.83 EUR (+0.3% vs avg)Range: 0.82–0.85
16
0.8364
$5.00
€832.25
Rate 0.8315·Fee Free·3.47% markup
↓ 2.2% over 60dAvg: 0.78 EUR (+0.1% vs avg)Range: 0.77–0.85
17
Minutes to 3 days3.47% markup
↓ 2.2% over 60dAvg: 0.78 EUR (+0.1% vs avg)Range: 0.77–0.85
0.8315
Free
€831.53
Rate 0.8411·Fee $15.00·2.36% markup
Rate up 1.2%
↑ 1.2% over 54dAvg: 0.85 EUR (+1.2% vs avg)Range: 0.83–0.86
18
Minutes to 2 days2.36% markup
Rate up 1.2%
↑ 1.2% over 54dAvg: 0.85 EUR (+1.2% vs avg)Range: 0.83–0.86
0.8411
$15.00
€828.47
Rate 0.8571·Fee Free·0.50% markup
Potential savings: Choosing the best provider over the most expensive saves your recipient €3.01 on a $1,000 transfer.
Some links on this page are affiliate links. We may earn a commission at no extra cost to you. This does not affect our rankings, which are based on real transfer data. Editorial policy
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
0.8601
Fee
Free
Recipient gets
€860.12
Speed
1-3 business days
Which provider is best for each transfer type?
Different providers excel at different things. Here's who's best for each use case on the to Spain route.
Cheapest transfer
InstaReM
Delivers the most EUR for your money
Fastest transfer
Wise
Delivers in Instant
Cash pickup
Western Union
Widest cash pickup network
Bank transfer
InstaReM
Best rate for bank deposit to Spain
How to send money to Spain
Sending money to Spain is straightforward with the right provider. Here's how it works in 3 simple steps.
Step 1
Enter your transfer details
Choose how much USD you want to send, compare providers above, and pick the one offering the best EUR amount for your transfer to Spain.
Step 2
Add your recipient
Enter your recipient's details in Spain — you'll need their iban. Most providers verify details instantly.
Step 3
Send & track your transfer
Pay using bank transfer, debit card, or credit card. Track your money in real-time until it arrives — sepa transfer typically takes hours to 1 day.
What you need to send money to Spain
Make sure you have these details from your recipient before starting your transfer.
Full name
Recipient's name as registered on their European bank account
IBAN
IBAN (International Bank Account Number) — length varies by country (e.g. DE: 22 chars, FR: 27 chars, ES: 24 chars)
Example: DE89370400440532013000
BIC/SWIFT code
Optional8 or 11-character bank identifier code (optional for SEPA transfers within EU, required for SWIFT)
Example: COBADEFFXXX
Note: All Eurozone countries use IBAN for bank transfers. For SEPA transfers (the fastest and cheapest option), only the IBAN is required — the BIC/SWIFT code is optional. Each EU country has a different IBAN length and format.
Transfer examples: USD to EUR
See how much your recipient would get for common transfer amounts.
Send $500
ProviderFeeReceives
InstaReM
0.86 · 1-3 business days
Wise
0.86 · Instant
Revolut
0.86 · 0-1 days
Western Union
0.86 · 0-4 days
TapTap Send
0.85 · Under 3 minutes (95% of transfers)
Remitly
0.86 · Minutes to 3-5 days
ProviderFeeRateReceivesSpeed
InstaReMFree0.86€4301-3 business days
Wise$1.350.86€430Instant
Revolut$0.750.86€4290-1 days
Western Union$0.990.86€4270-4 days
TapTap SendFree0.85€427Under 3 minutes (95% of transfers)
Remitly$2.990.86€426Minutes to 3-5 days
Send $1,000
ProviderFeeReceives
InstaReM
0.86 · 1-3 business days
Revolut
0.86 · 0-1 days
Wise
0.86 · Instant
Western Union
0.86 · 0-4 days
TapTap Send
0.85 · Under 3 minutes (95% of transfers)
Remitly
0.86 · Minutes to 3-5 days
ProviderFeeRateReceivesSpeed
InstaReMFree0.86€8601-3 business days
Revolut$1.500.86€8590-1 days
Wise$5.470.86€857Instant
Western Union$0.990.86€8550-4 days
TapTap SendFree0.85€854Under 3 minutes (95% of transfers)
Remitly$2.990.86€854Minutes to 3-5 days
Send $5,000
ProviderFeeReceives
Wise
0.86 · Instant
InstaReM
0.86 · 1-3 business days
Revolut
0.86 · 0-1 days
Remitly
0.86 · Minutes to 3-5 days
Western Union
0.86 · 0-4 days
TapTap Send
0.85 · Under 3 minutes (95% of transfers)
ProviderFeeRateReceivesSpeed
Wise$1.350.86€4,306Instant
InstaReMFree0.86€4,3011-3 business days
Revolut$0.750.86€4,2950-1 days
Remitly$2.990.86€4,280Minutes to 3-5 days
Western Union$0.990.86€4,2790-4 days
TapTap SendFree0.85€4,270Under 3 minutes (95% of transfers)
How much does it cost to send money from to Spain?
Transfer fees to Spain vary by provider and how you pay. Specialist services charge €0–10 per transfer, while banks charge $25–50 plus a 2–5% exchange rate markup. The exchange rate markup is usually the bigger cost — always compare the total EUR your recipient receives.
Understanding the total cost
The true cost of a money transfer has two components:
Transfer fee
The upfront charge — typically $0–$10 with specialist providers.
Exchange rate markup
The hidden cost — the difference between the provider's rate and the mid-market rate (0.8614).
Ways to send money to Spain
Choose how you want to pay for your transfer. Each payment method has different costs and speeds.
SEPA is the gold standard for EUR transfers — it's faster and cheaper than SWIFT. If your provider offers SEPA routing, always choose it over SWIFT for European bank deposits.
Bank Transfer
Low costSpeed: 1–3 business days
Usually the cheapest option — lowest fees and no card processing charges
Debit Card
Medium costSpeed: Minutes to hours
Fast and convenient — small card processing fee applies
Credit Card
Higher costSpeed: Minutes to hours
Fastest option but highest fees — card issuer may charge cash advance fee
Apple Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
Cash
Medium costSpeed: Varies
Pay cash at an agent location — available at select providers
Google Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
How can my recipient receive money in Spain?
Your recipient in Spain can receive money through these delivery methods. The best option depends on their location and preferences.
SEPA Transfer
Hours to 1 day
Single Euro Payments Area transfer — the standard for EUR payments across 36 European countries. Fast, cheap, and reliable.
WiseRevolutRemitlyWorldRemit+2 more
SEPA Instant
Seconds
Real-time euro transfer available at participating banks. Delivers in under 10 seconds, 24/7.
WiseRevolut
SWIFT Transfer
1–3 business days
Traditional international wire transfer. More expensive and slower than SEPA but available for any bank globally.
OFXXEWestern Union
Cash Pickup
Minutes
Collect cash at agent locations across Europe.
Western UnionMoneyGram
What are the transfer limits and regulations for Spain?
Important rules and requirements to know before sending money to Spain.
Regulatory body
European Central Bank (ECB) / National regulators (BaFin, AMF, etc.)
Inbound transfer limits
No general restriction on receiving transfers within the EU/EEA
Documentation you may need
- Sender's government-issued ID
- Proof of address for large transfers
Important things to know
- SEPA transfers are capped at €999,999,999.99 per transaction — effectively unlimited for personal transfers.
- SEPA Instant is available at most major European banks but not all — check with the recipient's bank.
- Post-Brexit, GBP→EUR transfers from the UK may no longer route via SEPA at some banks, resulting in higher fees.
- EU anti-money-laundering regulations require enhanced due diligence for transfers over €10,000.
How long does it take to send money to Spain?
Most transfers to Spain arrive within 1–2 business days with specialist providers. Mobile wallet and cash pickup options are often available within minutes. Bank deposits typically take 1–3 business days.
FastExpress delivery
- WiseInstant
- TapTap SendUnder 3 minutes (95% of transfers)
- RemitlyMinutes to 3-5 days
- MoneyGramMinutes to 3 days
- BOSS MoneyInstant
Standard delivery
- InstaReM1-3 business days
- Revolut0-1 days
- Western Union0-4 days
- CurrencyFair0-6 days
- Currencies Direct0.5-1.5 days
Popular banks in Spain
These are the most commonly used banks for receiving international transfers in Spain.
BankSWIFT/BICNotes
Deutsche Bank (Germany)
DEUTDEFFXXX
BNP Paribas (France)
BNPAFRPPXXX
ING (Netherlands)
INGBNL2AXXX
Santander (Spain)
BSCHESMMXXX
UniCredit (Italy)
UNCRITMM
N26 (Germany)
—
USD to EUR Exchange Rate History
Daily best exchange rates from top providers over the last 60 days. Rates shown are for sending $100.
| Date | MoneyGram | Xoom (PayPal) | Remitly | Wells Fargo | InstaReM |
|---|---|---|---|---|---|
| Trend | |||||
| May 20 | 0.8527 | 0.7828 | 0.8561✓ | 0.8350 | 0.8554 |
| May 19 | 0.8500 | 0.7796 | 0.8534✓ | 0.8317 | 0.8524 |
| May 18 | 0.8521 | 0.7815 | 0.8552✓ | 0.8339 | 0.8546 |
| May 17 | 0.8516 | 0.7809 | 0.8551✓ | 0.8335 | 0.8541 |
| May 16 | 0.8520 | 0.7809 | 0.8551✓ | 0.8335 | 0.8541 |
| May 15 | 0.8496 | 0.8487 | 0.8540✓ | 0.8319 | 0.8527 |
| May 14 | 0.8461 | 0.8487 | 0.8501✓ | 0.8284 | 0.8491 |
| May 13 | 0.8432 | 0.7735 | 0.8470✓ | 0.8254 | 0.8462 |
| May 12 | 0.8414 | 0.7719 | 0.8452✓ | 0.8238 | 0.8442 |
| May 11 | 0.8428 | 0.7721 | 0.8455✓ | 0.8239 | 0.8444 |
| May 10 | 0.8412 | 0.7703 | 0.8435✓ | 0.8223 | 0.8424 |
| May 9 | 0.8398 | 0.7703 | 0.8435✓ | 0.8223 | 0.8424 |
| May 8 | 0.8436 | 0.7743 | 0.8471✓ | 0.8261 | 0.8460 |
| May 7 | 0.8415 | 0.7722 | 0.8449✓ | 0.8240 | 0.8437 |
| May 6 | 0.8444 | 0.7749 | 0.8479✓ | 0.8265 | 0.8466 |
| May 5 | 0.8452 | 0.7766 | 0.8507✓ | 0.8293 | 0.8496 |
| May 4 | 0.8437 | 0.7742 | 0.8483✓ | 0.8268 | 0.8471 |
| May 3 | 0.8438 | 0.7746 | 0.8482✓ | 0.8270 | 0.8471 |
| May 2 | 0.8460 | 0.7746 | 0.8482✓ | 0.8270 | 0.8471 |
| May 1 | 0.8446 | 0.7738 | 0.8483✓ | 0.8263 | 0.8466 |
| Apr 30 | 0.8482 | 0.7783 | 0.8528 | 0.8303 | 0.8631✓ |
| Apr 29 | 0.8446 | 0.7754 | 0.8504 | 0.8276 | 0.8631✓ |
| Apr 28 | 0.8449 | 0.7752 | 0.8500 | 0.8147 | 0.8631✓ |
| Apr 27 | 0.8466 | 0.7742 | 0.8485 | 0.8140 | 0.8631✓ |
| Apr 26 | 0.8471 | 0.7749 | 0.8494 | 0.8145 | 0.8631✓ |
| Apr 25 | 0.8469 | 0.7749 | 0.8494 | 0.8272 | 0.8631✓ |
| Apr 24 | 0.8470 | 0.7773 | 0.8521 | 0.8295 | 0.8631✓ |
| Apr 23 | 0.8444 | 0.7753 | 0.8503 | 0.8279 | 0.8631✓ |
| Apr 22 | 0.8437 | 0.7733 | 0.8474 | 0.8256 | 0.8631✓ |
| Apr 21 | 0.8404 | 0.7705 | 0.8447✓ | 0.8228 | 0.8422 |
| Apr 20 | 0.8398 | 0.7724 | 0.8469✓ | 0.8247 | 0.8441 |
| Apr 19 | 0.8394 | 0.7717 | 0.8462✓ | 0.8243 | 0.8437 |
| Apr 18 | 0.8416 | 0.7717 | 0.8462✓ | 0.8243 | 0.8437 |
| Apr 17 | 0.8409 | 0.7709 | 0.8456✓ | 0.8230 | 0.8427 |
| Apr 16 | 0.8390 | 0.7689 | 0.8640✓ | 0.8213 | 0.8416 |
| Apr 15 | 0.8406 | 0.7697 | 0.8640✓ | 0.8219 | 0.8420 |
| Apr 14 | 0.8414 | 0.7717 | 0.8640✓ | 0.8238 | 0.8441 |
| Apr 13 | 0.8486 | 0.7767 | 0.8640✓ | 0.8294 | 0.8500 |
| Apr 12 | 0.8456 | 0.7745 | 0.8640✓ | 0.8265 | 0.8472 |
| Apr 11 | 0.8448 | 0.7745 | 0.8640✓ | 0.8265 | 0.8472 |
| Apr 10 | 0.8480 | 0.7767 | 0.8640✓ | 0.8289 | 0.8498 |
| Apr 9 | 0.8506 | 0.7790 | 0.8640✓ | 0.8311 | 0.8519 |
| Apr 8 | 0.8475 | 0.7774 | 0.8640✓ | 0.8296 | 0.8510 |
| Apr 7 | 0.8579 | 0.7870 | 0.8631✓ | 0.8402 | 0.8607 |
| Apr 6 | 0.8567 | 0.7888 | 0.8619✓ | 0.8391 | 0.8593 |
| Apr 5 | 0.8578 | 0.7882 | 0.8644✓ | 0.8415 | 0.8620 |
| Apr 4 | 0.8578 | 0.7882 | 0.8644✓ | 0.8415 | 0.8620 |
| Apr 3 | 0.8590 | 0.7868 | 0.8645✓ | 0.8410 | 0.8624 |
| Apr 2 | 0.8574 | 0.7833 | 0.8629✓ | 0.8395 | 0.8608 |
| Apr 1 | 0.8556 | 0.7851 | 0.8602✓ | 0.8360 | 0.8582 |
| Mar 31 | 0.8591 | 0.7910 | 0.8621✓ | 0.8397 | 0.8601 |
| Mar 30 | 0.8629 | 0.7889 | 0.8679✓ | 0.8455 | 0.8656 |
| Mar 29 | 0.8606 | 0.7888 | 0.8661✓ | 0.8432 | 0.8645 |
| Mar 28 | 0.8590 | 0.7871 | 0.8648✓ | 0.8416 | 0.8628 |
| Mar 18 | 0.8582 | 0.7929 | 0.8630 | 0.8398 | 0.8635✓ |
| Mar 17 | 0.8634 | 0.7949 | 0.8659 | 0.8431 | 0.8664✓ |
| Mar 16 | 0.8616 | 0.7948 | 0.8622 | 0.8413 | 0.8631✓ |
| Mar 15 | 0.8643 | 0.8013 | 0.8718 | 0.8489 | 0.8725✓ |
| Mar 14 | 0.8643 | 0.8013 | 0.8718 | 0.8489 | 0.8724✓ |
| Mar 13 | 0.8682 | 0.8002 | 0.8718 | 0.8490 | 0.8724✓ |
Common questions about sending money from to Spain
What is the cheapest way to send money to Spain?
Wise is consistently cheapest for most currencies to EUR. 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.
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