Sending money to Spain from the USA isn't as complicated as you might think. 

It's important to consider all of the available methods to make this international money transfer, so you can find the best way to suit your foreign exchange requirements, and save money.

In this blog, we'll help you do just that. 

We take a deep dive into how you can transfer money to Spain from America and make the whole process, easy.

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Table of contents:


Common reasons for sending money to Spain from the USA


Let's take a quick look at some of the common reasons why people send money to Spain from the USA and the best method for certain requirements.

One of the reasons below may be relevant to why you are looking to transfer money to Spain:



Family and friends 


Sending money to Spain to family members or friends is one of the most popular reasons.

Usually, in this case, the amount being transferred isn't a large sum and people want it to be done quickly and securely.

If you need to send money to family or friends in Spain, consider using a money transfer app or an online transfer service. They're best known for transferring small amounts of money internationally, with small fees and quick transfer times. 





Business payments to Spain


If you have international business payments to send to Spain then usually they will be occurring regularly or it will include a significant amount. 

With the above in mind, online-only providers may not be the best bet here. Instead, consider specialist currency exchange brokers. 

Currency exchange brokers offer a much more personal and human experience, providing dedicated account managers who will support and guide you to get the best value for your international business transactions.

They can offer specific foreign exchange services to schedule recurring international payments as well as alert you to any shifts in the currency markets that may or may not be in your business's favor financially.



Property transactions


Spain is certainly a hotspot for Americans looking to purchase property abroad.

As well as regular international payments needing to be made for an estate agent in Spain and lawyer fees, of course, the biggest transaction will be the deposit and or the transfer of funds to purchase a Spanish property

This will most likely be quite a large amount of money. 

Due to the significant nature of the money transfer, the security and safety of your money is paramount here. 

Make sure that the money transfer service you choose is financially authorized and regulated by the relevant authorities within the country it operates.

For large money transfers from the US to Spain to purchase a property, a currency broker will most likely be your best option.

We've had a quick overview there, marrying money transfer services with specific requirements, but it's worth finding out more as to why that is.

So let's take a look at each money transfer service available to you...


Send money to Spain from the USA in 3 easy steps with EasyFX

These are the best ways to transfer money to Spain


You can use your bank, an online money transfer provider, or a currency broker to send money to Spain from the USA. Each service has its pros and cons, so it's important to research each type of service. Generally, you will find that traditional banks will charge much higher fees than independent transfer services for sending money to Spain.



Banks 


Using your bank to send money to Spain may seem like the most convenient option, and, as you won't have to sign up, it may well be, however, the high transfer fees and exchange rate charges, particularly for larger transactions will result in you losing out and paying a lot more.

Banks offer numerous other financial services and money transfers overseas aren't high on their priority list.

After looking into popular high-street American banks, many add around a 3% charge on the exchange rate for international money transfers. 

If you were looking to send a large sum of money to Spain, around $100,000, the 3% charge would mean that $3,000 of your money would be going to the bank just so they can convert it into Euros.

There will be transfer fees added on top of the above exchange rate charge as well. 

Traditional US banks are certainly not the most appealing choice when you research different methods to send money to Spain.

So now, let's discuss the different independent money transfer services that are favorable to you and your money.



Online money transfer services


As we mentioned above, online-only international money transfer providers are a good option for sending small amounts of money to Spain. Especially when compared to what traditional banks can offer.

The reason for this is that the transfer fees are much lower. Allowing people in the USA to save more of their money.

Some of the well-known online-only transfer services include: 

  • Wise: Currently charging $13.23 in transfer fees* for a $2,000 international transfer to Spain

  • Revolut: Currency charging $11 in transfer fees* for a $2,000 international transfer to Spain

  • CurrencyFair: Currently charging $3 in transfer fees* for a $2,000 international transfer to Spain.
*transfer fees shown above for the different providers are correct as of June 2024 but may be subject to change at a later date. Make sure to check the fees and rates offered by each provider before making a money transfer to Spain.

Issues, however, with online money transfer services come about when larger amounts of money are being transferred. 

If you're looking to send a large amount of money to Spain, whatever the reason may be, people usually want some guidance and reassurance that their money will be secure and they're getting the best deal possible.

A common theme with online services is that it can be difficult to speak to real people who are experienced in foreign exchange. 

Especially if something with the transfer goes wrong, most customers are stuck with a chatbot. 

The exchange rates offered by online money transfer providers do not change either, regardless of the amount you're looking to send to Spain, ultimately, the more you send, the more you lose out with online services. 





Currency exchange brokers


Currency exchange brokers are known to help people in the USA transfer large amounts of money to Spain.

Brokers usually have more human support and guidance with their service.

Dedicated account managers, like ours at EasyFX, are assigned to customers and will help them get the best exchange rate for their significant dollar-euro money transfer.

Not only that but it's common for currency exchange brokers to send your money to Spain without any transfer fees, but it is worth always double-checking this with each broker!

Unlike online transfer services, brokers will not offer fixed exchange rates, their job is to find you the best rate, especially for a large money transfer where fluctuating exchange rates can mean you lose out or gain more.

This is why many people choose brokers for larger money transfers to Spain, for the reassurance, expertise, and guidance throughout the transfer process. 


The main considerations before you transfer money to Spain


Before choosing a provider to transfer money to Spain from the US, it's important to understand the main considerations that come with sending money internationally.

This will help you confirm if you are making the right choice, for you.



How to find the best USD to Euro exchange rate


A lot of the time, people looking to send money to Spain from the US will only account for the transfer fees on display by various transfer providers.

However, the main charge is hidden in the exchange rate each provider is offering.

To understand how to get the best exchange rate for sending money to Spain, we need to discuss mid-market exchange rates.

A mid-market exchange rate is what major banks use to transfer money between one another, regular customers looking to send money internationally will never be offered a mid-market rate.

However, the key here is to find a money transfer service that can get as close to the mid-market rate as possible, thus, providing you with the best exchange rate for your money transfer to Spain.

So, when you're comparing different providers, have the USD to EUR mid-market rate available as it can be a benchmark for the rates you are quoted.

Or, of course, you can have a chat with one of our expert brokers at EasyFX, who can support you in finding the best rate for your money transfer to Spain. 



Transfer fees for sending money to Spain



We've covered transfer fees slightly already, but it is worth giving an overview of where you find the highest for a money transfer to Spain.

  • Banks: Will usually place the highest transfer fees and multiple transfer fees (outgoing and receiving). 

  • Online transfer services: Transfer fees added are usually a lot lower and more appealing to customers looking to send small amounts of money to Spain from the US. 

  • Currency brokers: Some brokers will place transfer fees at a similar level to online services, whilst other brokers don't add on any transfer fees - their 'fee' is within the exchange rate, which is still usually the best available.


Transfer times for sending money to Spain


Another factor is the time it takes for your money to arrive at your own or the recipient's bank account in Spain, from America.

Similarly, transfer times will depend on the service you choose. Let's take a quick look...

  • Banks: If you use your bank to make a money transfer to Spain it will usually take between 1 to 5 working days.

  • Online transfer services: Using an online service will get your money to Spain a lot quicker, some providers can offer same-day transfers or even instant transfers at an extra cost.

  • Currency brokers: For most currency brokers, their transfer times for a money transfer to Spain from the USA will be between 1 to 3 working days. 

  • EasyFX: At EasyFX we offer different transfer times to suit you, including same-day transfers, the next day, or whenever you would like the money to be sent to Spain, all available at no extra cost.

Pile of different Euro currency notes


How to transfer money to Spain from the USA: A summary

  1. You can use your bank, an online transfer service, or a currency broker to send money from the USA to Spain.

  2. If you use an independent provider, always make sure they are authorized and regulated by the relevant authorities.

  3. Transfer times will depend on the service you choose and can vary from same-day transfers up to 5 working days for money to arrive in Spain.

  4. Your bank may be convenient for a one-off small transfer, but for regular small or large money transfers to Spain, it is best to use an independent service to save your money. 

Send money from the USA to Spain, the easy way.


At EasyFX, we have combined the best of both worlds when it comes to independent money transfer services.

Whether you want to send a small or large amount of money to Spain, we can support you with both.

Our online portal and apps for Apple and Android users are available for those wanting to transfer money quickly and securely, with great exchange rates and no transfer fees.

Not only that but we have dedicated account managers ready to advise and support you with those large international money transfers to Spain, ensuring you get the most value from your transfer and potentially save thousands of dollars.

As an authorized and regulated Electronic Money Institution by both the FCA and FINTRAC, your money will always be safe and secure in segregated client accounts.

We've helped thousands of happy customers transfer their money to various destinations worldwide which has helped us gain an 'Excellent' rating on Trustpilot

EasyFX is an international money transfer service, you can trust. 

For further information or to tell us your money transfer requirements, get a free transfer quote to Spain today

We're always available to help!

How to transfer money to Spain from the USA
Find out the best way to transfer money to Spain from the USA that suits your requirements.
Get a free transfer quote
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Let us make your money transfer to Spain, easy.

At EasyFX, our goal is to make international money transfers affordable, smooth, and easy, for everyone. Whether a small transfer or large transaction, we can cater to all types through our money transfer app, or our expert brokers, who are ready to find you the best rate available, saving you money.

If you'd like to receive a free transfer quote, please contact our team today!

Get a free transfer quote
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How to transfer money to Spain from the USA, the easy way.
Explore the best ways to transfer money from the USA to Spain. Learn how to avoid fees, who has the quickest transfers and the best service to suit your needs.
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6 minute read

Let us make your money transfer to Spain, easy.

At EasyFX, our goal is to make international money transfers affordable, smooth, and easy, for everyone. Whether a small transfer or large transaction, we can cater to all types through our money transfer app, or our expert brokers, who are ready to find you the best rate available, saving you money.

If you'd like to receive a free transfer quote, please contact our team today!

Get a free transfer quote
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