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Send money from Spain to Peru(EUR → PEN)
EUR
PEN|Updated recentlyMid-market 3.8968Cheapest todayof 8 providers
InstaReM
Rate 3.8684 · Fee €7.30
You send
€1,000
Recipient gets
S/3,840
S/380 more than the most expensive provider · 0.73% markup vs mid-market
Affiliate link · No extra cost to you
Quick answer: The cheapest way to send money from Spain to Peru in July 2026 is InstaReM, which delivers 3,840.15 PEN on a 1,000 EUR transfer with a fee of €7.30. According to SendMoneyCompare's comparison of 8 providers updated every 6 hours, the difference between the cheapest and most expensive provider on this corridor is 382 PEN.
Last reviewed: by Awais Imran, Reviews Editor
What is the cheapest way to send EUR to PEN?
Sending €1,000 from Spain to Peru. Sorted by best value — most money received.
Source: SendMoneyCompare · Data updated every 6 hours from live provider APIs
#ProviderRateFeeRecipient gets
Rate 3.8684·Fee €7.30·0.73% markup
Rate 3.8002·Fee Free·2.48% markup
Best rate 74 of 74 days
↓ 5.0% over 74dAvg: 3.87 PEN (-1.8% vs avg)Range: 3.80–4.00
2
Under 3 minutes (95% of transfers)2.48% markup
Best rate 74 of 74 days
↓ 5.0% over 74dAvg: 3.87 PEN (-1.8% vs avg)Range: 3.80–4.00
3.8002
Free
S/3,800.19
Rate 3.8193·Fee €19.90·1.99% markup
Rate 3.8150·Fee €21.00·2.10% markup
Rate 3.8123·Fee €21.70·2.17% markup
Rate 3.8021·Fee €24.30·2.43% markup
Rate 3.7390·Fee €40.50·4.05% markup
Potential savings: Choosing the best provider over the most expensive saves your recipient S/381.51 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
Looking for cheap money transfers from Spain to Peru? We compare exchange rates, fees, and delivery times from every major provider to help you save on every transfer.
Spanish expats and immigrants regularly send money to Peru. The cost difference between providers can be significant — banks typically charge 3–5% in hidden exchange rate markups, while specialist services like Wise, Remitly, and WorldRemit offer rates much closer to the mid-market rate. Our comparison shows the total PEN received from each provider after all fees and markups.
Which provider offers the best EUR to PEN rate?
InstaReM
4.0Exchange rate
3.8684
Fee
€7.30
Recipient gets
S/3,840.15
Speed
1-3 business days
Also available · Digital-asset rails
Crypto & stablecoin routes for EUR → PEN
For a tech-comfortable sender, stablecoin rails can beat every bank and app. These aren't one-tap services — each is a fiat on-ramp → blockchain → local cash-out. Here's the all-in cost and how each works.
Buda.com
Kraken → Tron (USDT) → Buda.com · ~3 seconds
3,848 PEN
1.28% all-in
+
Buda.com
Kraken → Tron (USDT) → Buda.com · ~3 seconds
3,848 PEN
1.28% all-in
- 1Kraken EUR→USDT: 0.26%
- 2Tron network: 1.00 USDT
- 3Buda.com: 0.59% spread
- 40.40% withdrawal fee
Also routable via Tron (USDT), Stellar (USDC), Solana (USDC), Polygon (USDC).
Source: Buda.com API v2
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 is best for each transfer type?
Different providers excel at different things. Here's who's best for each use case on the Spain to Peru route.
Cheapest transfer
InstaReM
Delivers the most PEN for your money
Fastest transfer
TapTap Send
Delivers in Under 3 minutes (95% of transfers)
Cash pickup
Western Union
Widest cash pickup network
Bank transfer
InstaReM
Best rate for bank deposit to Peru
How to send money to Peru
Sending money to Peruis straightforward with the right provider. Here's how it works in 3 simple steps.
Step 1
Enter your transfer details
Choose how much EUR you want to send, compare providers above, and pick the one offering the best PEN amount for your transfer to Peru.
Step 2
Add your recipient
Enter your recipient's details in Peru — you'll need their bank account number. 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 — bank deposit typically takes 1–2 business days.
What you need to send money to Peru
Make sure you have these details from your recipient before starting your transfer.
Full name
Recipient's full legal name as it appears on their DNI (national identity card)
Bank account number
CCI (Codigo de Cuenta Interbancario) — 20-digit interbank account number
Example: 00219400254640107689
Bank name
Name of the recipient's bank (e.g. BCP, Interbank, BBVA Peru)
DNI number
Optional8-digit Documento Nacional de Identidad number
Example: 12345678
Note: Peru uses the CCI (Codigo de Cuenta Interbancario) system — a 20-digit interbank code that uniquely identifies any bank account. The first 3 digits identify the bank, followed by the branch and account number. Your recipient can find their CCI through their bank's app or branch.
Transfer examples: EUR to PEN
See how much your recipient would get for common transfer amounts.
Send €500
ProviderFeeReceives
InstaReM
3.87 · 1-3 business days
TapTap Send
3.80 · Under 3 minutes (95% of transfers)
BNP Paribas
3.82 · 1-3 business days
Wise
3.81 · ~6 business days
Western Union
3.81 · Minutes to 5 days
Remitly
3.80 · Minutes to 3-5 days
ProviderFeeRateReceivesSpeed
InstaReM€1.463.87S/1,9291-3 business days
TapTap SendFree3.80S/1,900Under 3 minutes (95% of transfers)
BNP Paribas€3.983.82S/1,8941-3 business days
Wise€4.223.81S/1,891~6 business days
Western Union€4.343.81S/1,890Minutes to 5 days
Remitly€4.863.80S/1,883Minutes to 3-5 days
Send €1,000
ProviderFeeReceives
InstaReM
3.87 · 1-3 business days
TapTap Send
3.80 · Under 3 minutes (95% of transfers)
BNP Paribas
3.82 · 1-3 business days
Wise
3.81 · ~6 business days
Western Union
3.81 · Minutes to 5 days
Remitly
3.80 · Minutes to 3-5 days
ProviderFeeRateReceivesSpeed
InstaReM€7.303.87S/3,8401-3 business days
TapTap SendFree3.80S/3,800Under 3 minutes (95% of transfers)
BNP Paribas€19.903.82S/3,7431-3 business days
Wise€21.003.81S/3,735~6 business days
Western Union€21.703.81S/3,730Minutes to 5 days
Remitly€24.303.80S/3,710Minutes to 3-5 days
Send €5,000
ProviderFeeReceives
InstaReM
3.87 · 1-3 business days
TapTap Send
3.80 · Under 3 minutes (95% of transfers)
BNP Paribas
3.82 · 1-3 business days
Wise
3.81 · ~6 business days
Western Union
3.81 · Minutes to 5 days
Remitly
3.80 · Minutes to 3-5 days
ProviderFeeRateReceivesSpeed
InstaReM€36.503.87S/19,2011-3 business days
TapTap SendFree3.80S/19,001Under 3 minutes (95% of transfers)
BNP Paribas€99.503.82S/18,7161-3 business days
Wise€105.003.81S/18,674~6 business days
Western Union€108.503.81S/18,648Minutes to 5 days
Remitly€121.503.80S/18,549Minutes to 3-5 days
How much does it cost to send money from Spain to Peru?
Transfer fees from Spain to Peru vary by provider. 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 PEN your recipient receives, not just the advertised fee.
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 (3.8968).
Ways to send money to Peru
Choose how you want to pay for your transfer. Each payment method has different costs and speeds.
Bank deposit via CCI is the standard method. Yape has exploded in popularity and is now Peru's dominant P2P payment platform — nearly every Peruvian with a smartphone uses it. Cash pickup remains important in rural highland and jungle regions.
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
Google Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
Apple Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
Credit Card
Higher costSpeed: Minutes to hours
Fastest option but highest fees — card issuer may charge cash advance fee
Cash
Medium costSpeed: Varies
Pay cash at an agent location — available at select providers
How can my recipient receive money in Peru?
Your recipient in Peru can receive money through these delivery methods. The best option depends on their location and preferences.
Bank Deposit
1–2 business days
Direct transfer to any Peruvian bank account using CCI. The most common method for recipients with bank accounts.
WiseRemitlyWorldRemitWestern Union+1 more
Yape Wallet
Minutes
Transfer to Yape, Peru's most popular mobile payment app operated by BCP with over 15 million users.
Remitly
Cash Pickup
Minutes
Collect cash from agent locations across Peru including banks, exchange houses, and retail partners.
Western UnionMoneyGramRia Money Transfer
What are the transfer limits and regulations for Peru?
Important rules and requirements to know before sending money to Peru.
Regulatory body
Superintendencia de Banca, Seguros y AFP (SBS)
Inbound transfer limits
No cap on incoming remittances, but amounts over $10,000 equivalent must be declared
Documentation you may need
- Sender's government-issued photo ID
- Recipient's DNI for cash pickup
- Source of funds documentation for large transfers
Important things to know
- Peru's SBS regulates all money transfer operations and enforces anti-money laundering rules.
- The sol (PEN) is a freely floating currency with relatively stable exchange rates.
- Financial transactions over $10,000 equivalent trigger automatic reporting under Peru's UIF (Financial Intelligence Unit).
- Peru is a major remittance-receiving country in South America, especially from the US, Spain, and Chile.
How long does it take to send money to Peru?
Most transfers from Spain to Peru arrive within 1–2 business days with specialist providers. Bank wires take 3–5 business days. Some providers offer instant or same-day delivery to Peru for a small premium.
FastExpress delivery
- TapTap SendUnder 3 minutes (95% of transfers)
- Western UnionMinutes to 5 days
- RemitlyMinutes to 3-5 days
- Xoom (PayPal)Minutes to 3 days
Standard delivery
- InstaReM1-3 business days
- BNP Paribas1-3 business days
- Wise~6 business days
- OFX1-3 business days
Popular banks in Peru
These are the most commonly used banks for receiving international transfers in Peru.
BankSWIFT/BICNotes
Banco de Credito del Peru (BCP)
BCPLPEPL
BBVA Peru
BABORPPLXXX
Interbank
BINPPEPL
Scotiabank Peru
BABORPPLXXX
Banco de la Nacion
BANCPEPL
MiBanco
MABORPPL
EUR to PEN Exchange Rate History
Daily best exchange rates from top providers over the last 74 days. Rates shown are for sending $100.
| Date | TapTap Send | __mid Market__ |
|---|---|---|
| Trend | ||
| Jul 26 | 3.8000✓ | 3.8000✓ |
| Jul 25 | 3.8000✓ | 3.8000✓ |
| Jul 24 | 3.8000✓ | 3.8000✓ |
| Jul 23 | 3.8000✓ | 3.8000✓ |
| Jul 22 | 3.8000✓ | 3.8000✓ |
| Jul 21 | 3.8000✓ | 3.8000✓ |
| Jul 20 | 3.8000✓ | 3.8000✓ |
| Jul 19 | 3.8000✓ | 3.8000✓ |
| Jul 18 | 3.8000✓ | 3.8000✓ |
| Jul 17 | 3.8000✓ | 3.8000✓ |
| Jul 16 | 3.8000✓ | 3.8000✓ |
| Jul 15 | 3.8000✓ | 3.8000✓ |
| Jul 14 | 3.8000✓ | 3.8000✓ |
| Jul 13 | 3.8000✓ | 3.8000✓ |
| Jul 12 | 3.8000✓ | 3.8000✓ |
| Jul 11 | 3.8000✓ | 3.8000✓ |
| Jul 10 | 3.8000✓ | 3.8000✓ |
| Jul 9 | 3.8000✓ | 3.8000✓ |
| Jul 8 | 3.8000✓ | 3.8000✓ |
| Jul 7 | 3.8000✓ | 3.8000✓ |
| Jul 6 | 3.8000✓ | 3.8000✓ |
| Jul 5 | 3.8000✓ | 3.8000✓ |
| Jul 4 | 3.8000✓ | 3.8000✓ |
| Jul 3 | 3.8000✓ | 3.8000✓ |
| Jul 2 | 3.8000✓ | 3.8000✓ |
| Jul 1 | 3.8000✓ | 3.8000✓ |
| Jun 30 | 3.8000✓ | 3.8000✓ |
| Jun 29 | 3.8000✓ | 3.8000✓ |
| Jun 28 | 3.8000✓ | 3.8000✓ |
| Jun 27 | 3.8000✓ | 3.8000✓ |
| Jun 26 | 3.8000✓ | 3.8000✓ |
| Jun 25 | 3.8000✓ | 3.8000✓ |
| Jun 24 | 3.8500✓ | 3.8500✓ |
| Jun 23 | 3.8500✓ | 3.8500✓ |
| Jun 22 | 3.8500✓ | 3.8500✓ |
| Jun 21 | 3.8500✓ | 3.8500✓ |
| Jun 20 | 3.8500✓ | 3.8500✓ |
| Jun 19 | 3.8500✓ | 3.8500✓ |
| Jun 18 | 3.8500✓ | 3.8500✓ |
| Jun 17 | 3.8700✓ | 3.8700✓ |
| Jun 16 | 3.8700✓ | 3.8700✓ |
| Jun 15 | 3.8700✓ | 3.8700✓ |
| Jun 14 | 3.8700✓ | 3.8700✓ |
| Jun 13 | 3.8700✓ | 3.8700✓ |
| Jun 12 | 3.8700✓ | 3.8700✓ |
| Jun 11 | 3.9000✓ | 3.9000✓ |
| Jun 10 | 3.9000✓ | 3.9000✓ |
| Jun 9 | 3.9500✓ | 3.9500✓ |
| Jun 8 | 3.9200✓ | 3.9200✓ |
| Jun 7 | 3.9200✓ | 3.9200✓ |
| Jun 6 | 3.9200✓ | 3.9200✓ |
| Jun 5 | 3.9200✓ | 3.9200✓ |
| Jun 4 | 3.9200✓ | 3.9200✓ |
| Jun 3 | 3.9400✓ | 3.9400✓ |
| Jun 2 | 3.9500✓ | 3.9500✓ |
| Jun 1 | 3.9500✓ | 3.9500✓ |
| May 31 | 3.9500✓ | 3.9500✓ |
| May 30 | 3.9500✓ | 3.9500✓ |
| May 29 | 3.9500✓ | 3.9500✓ |
| May 28 | 3.9500✓ | 3.9500✓ |
| May 27 | 3.9500✓ | 3.9500✓ |
| May 26 | 3.9500✓ | 3.9500✓ |
| May 25 | 3.9500✓ | 3.9500✓ |
| May 24 | 3.9500✓ | 3.9500✓ |
| May 23 | 3.9500✓ | 3.9500✓ |
| May 22 | 3.9500✓ | 3.9500✓ |
| May 21 | 3.9500✓ | 3.9500✓ |
| May 20 | 3.9500✓ | 3.9500✓ |
| May 19 | 3.9600✓ | 3.9600✓ |
| May 18 | 4.0000✓ | 4.0000✓ |
| May 17 | 4.0000✓ | 4.0000✓ |
| May 16 | 4.0000✓ | 4.0000✓ |
| May 15 | 4.0000✓ | 4.0000✓ |
| May 14 | 4.0000✓ | 4.0000✓ |
Frequently asked questions
Common questions about sending money from Spain to Peru
What is the cheapest way to send money from Spain to Peru?
The cheapest option changes daily based on exchange rates. Use our comparison table above to see today's rates from every provider. Specialist services like Wise, Remitly, and OFX consistently offer better value than banks.
How long does it take to send money from Spain to Peru?
Most specialist providers deliver to Peru within 1–2 business days. Some offer instant delivery for certain payment methods. Bank wires typically take 3–5 business days.
How much does it cost to send €1,000 from Spain to Peru?
Costs depend on the provider's fee and exchange rate markup. Compare all providers in our table above to see exactly how much PEN your recipient would receive from a €1,000 transfer today.
Can I send money from Spain to Peru online?
Yes, all the providers we compare support online transfers from Spain to Peru. Most also offer mobile apps. You can typically pay by bank transfer, debit card, or credit card.
Is it better to use a bank or a money transfer service to send money to Peru?
Money transfer services are almost always cheaper. Banks typically charge €25–50 per wire plus a 2–5% exchange rate markup. Specialist providers charge €0–10 with markups under 1%, saving you significantly on every transfer to Peru.
More for this corridor
Everything about sending money to Peru
Recipient requirements, delivery methods, regulations, popular banks, and more.
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