For business and private customers who are interested in transferring money from UK to Spain, or transfer money from Spain to UK, the following list represents our most recommended services to facilitate that. No transfer fees, excellent exchange rates, bespoke service, and above all credibility and safety is what leads us in our choice. The best international money transfer services are reviewed and compared on MoneyTransferComparison since 2014, and a substantial amount of readers are looking specifically at money transfers from UK to Spain and money transfers from Spain to UK.
⭐ Best Way to Transfer Money UK / Spain [Top 4] ⭐
- #1 Rated on MTC
- Industry Leader with £10bn in Annual Turnover
- No Transfer Fees, Great Rates
- 16 Offices in Spain
- Top Notch Guidance with Expertise in the Spanish Market
- Recepient of Multiple Industry Awards
- Close and Personal Touch
- Specialists in the UK-Spain Corridor
- Fast to Provide Quote
- 99% Positive Customer Feedback
- Known for Great Guidance and Service
- Excellent Website
- Operating for 15+ Years
- Most Recognizable Brand in Money Transfers Today
- Boast 1,000+ Employees and $4bn in Monthly Turnover
- Transparent Pricing on the Site
- Easy to Use
Why Use a Money Transfer Service to Transfer Money from UK to Spain?
Why it makes sense to sidestep the bank?
In terms of simplicity, it’s probably easiest to use your existing checking account provider to transfer money from UK to Spain. This does, however, come with some serious warnings which primarily revolve around the cost to make the transfer, as well as the service you will be receiving.
- Fees: transfer fees to transfer money from a UK bank account to a bank account in Spain, or transferring money from Spain to a UK bank account, will cost anything from several pounds to dozens. Money transfer services offer customers to transfer money abroad with no fixed wire costs per transfer, at all.
- Margins: when you are transferring foreign currency abroad, such as in the case of UK / Spain money transfers, you are also paying a markup on the currency you are buying. If you transferred Sterling but the recipient is receiving a foreign currency, the amount the recipient will receive is significantly less than what the sender sent. UK banks and banks in Spain are going to charge 1.5-3%, most likely, in markups, and they will make this fee as opaque and difficult-to-decipher as they possibly can. With money transfer providers, you can send money from UK to Spain, or transfer money from Spain back to UK, paying a significantly less margin (depending on your volume and the type of contract you choose – Spot or Forward).
- Service: when conducting international money transfers from UK to Spain or Spain to UK, you will face times in which you would want to have a professional available to address your questions. “Why hasn’t my transfer arrived yet”, “Is this the right timing to commence that trade”, “What are my FX hedging options” or even things as minor as verifying the right format of a SWIFT transfer. You are not likely to receive optimal service from the bank unless you have a major corporate account. With a money transfer brokerage, if your requirement is of £5,000 or more per year in transfers, you will be assigned a personal dedicated dealer.With an online money transfer service (like Wise), you will not get a dedicated personal dealer but you will have access to a professional support team that assists customers transferring money from UK to Spain and from Spain to UK en mass.
Common Use-Cases to Use a Dedicated Service for UK – Spain Transfers
- buying property in either UK or Spain and have money in a different currency needs to be transferred for that purpose.
- relocating from UK to Spain or from Spain to UK and need money to pay for living expenses (and buy property).
- international businesses that receive and make payments in UK and Spain.
- working on studying abroad in UK or Spain.
- need to transfer pension money from UK to Spain or from Spain to UK.
- inheritance from abroad.
- receiving a payment in a foreign cheque.
For any of the cases above when there are large sum international transfers UK – Spain or frequent needs for UK – Spain money transfers, it’s recommended to use international money transfer services featured on this page.