Spain is a top remittance receiving country, with over US$10 billion being sent to Spain in 2010. If you need to send money to Spain there will be a number of money sending services that will be able to assist you, so you may be wondering “what is the best way to send money to Spain?” To find the best way to send money to a bank account in Spain, you will need to find out the benefits of each service and find a provider that charges low transfer fees and has a great Euro exchange rate which enables you to make the most of the money that you are going to send.

Sending money to Spain

Are you looking to send money to a relative or friend in Spain? Will you be sending money to your bank account back home in Spain every month? Whatever your currency requirements or reason for sending money to Spain, you will need to consider the advantages and disadvantages of the different services.

How can I send money to Spain?

Through a bank

Most banks provide money sending services, for example Barclays, HSBC, NatWest

Advantages

  • You can send money through a familiar service.
  • The money can be sent directly from your bank account to your recipient’s account.

Disadvantages

  • Poor exchange rates, so you get less Euros for your money
  • Large transfer fees, which makes sending money more expensive. 
  • You have to visit the bank to send your money.

A money sending bureaux

Money sending bureaux such as  Western Union and MoneyGram.

Advantages

  • Online payment services, making sending money convenient as you do not have to visit a shop to send money.
  • Faster payment option, so your money to be received in a matter of minutes. 

Disadvantages

  • Uncompetitive exchange rate, so you get less foreign currency for your money. 
  • Large transfer fees, making sending money expensive. 
  • Faster payments are a lot more expensive than a regular transfer.

Xendpay: The best way of sending money to Spain?

Sending money through Xendpay is the ideal solution when you need to send money to Spain. We are an online money sending service who help tens of thousands of individuals each year to send money across the world, cheaply, conveniently and simply.

Why is Xendpay the ideal way to send money to Spain?

Xendpay is an ideal solution for people looking to send money as a one off or on a monthly basis. With your Xendpay account you will be able to send up to £7,500 once you have registered and activated your acount. If you will need to send more than this you can easily increase your limits online, all you will need to do is provide us with proof of your address and a document verifying your identity. Once your limits have been increased you will be able to send as much money as you require throughout the year.

Send money to Spain now