How to send money to Spain
Need the cheapest overseas bank wire transfer option to Spain? In the article below you'll find a way for a free international wire transfer! If you not qualify for the FREE transfer you will at least be 7/8 times cheaper than regular transfer options.
What is Wise?
If you want to transfer money quickly TransferWise is a great solution. They are using a local network of banks and automated the full process. Due to this digital innovation TransferWise is able to get you a very good rate to transfer money from your bank account to Euro. When you sign up via this link, its even FREE to transfer your first $500!
Video what is Wise
Cheap overseas bank wire transfer to Spain
When you're looking for the cheapest bank wire transfer options, Wise is one of the cheapest, safest and easiest options. In the comparison image below I show you what it will costs to transfer 500 euro to a 500 USD overseas.
- Step 1: fill in de amount you want to send
- Step 2: Choose the transfer type (cheapest option)
- Step 3: Choose to who you want to the transfer money to in Spain
- Step 4: Fill in their email / bank details. Super easy to transfer money to a connected Wise account
- Step 5: Choose the preferred language of person that receives the money. To communicate the status of the transfer
- Step 6: Confirm & final check the transfer
- Step 7: Send the transfer
- Step 8: Choose the way to pay (like credit card, bank transfer etc)
Messages during the international wire transfer to Spain
- Confirmation screen: You will see the international wire transfer to Spain is started
- You will receive update messages about the transfer in your email and app if you have installed the Wise APP.
Cheap bank wire to send money overseas
In the images below, I will show you the current rates to transfer from EURO to USD as an example for your transfer to Spain. In some cases, you can save up to $45USD to 90 USD on only a 500 USD transfer! Please make sure you always check the rates yourself during the process.
How do I avoid fees on international wire transfers?
- The first important thing to look for is the transfer fee; it should be at a competitive rate.
- The second thing to watch is the exchange rate—simply put, how much of the overseas money do you get for your local currency.
- Another thing to keep an eye on are hidden fees, such as additional commissions for Credit Card or Paypal usage, etc., to get the money online.
