Send Money to Spain

World First
Margin Rate: 0.7%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
GCEN
Margin Rate: 1.5%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Currency Solutions
Margin Rate: 1%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: Not FCA Regulated

Countries in Spain

About Spain

Capital city: Madrid
Currency: Euro (EUR)
Local time: GMT +1
Telephone code: 34

Currency rules

The Currency

Euro - (EUR)
Currency Export regulations:

  1. No restrictions if arriving from or traveling to another E.U. country.

  2. If arriving from or traveling to a country outside the E.U.: amounts exceeding EUR 10,000.- or the equivalent in another currency (incl. banker's draft and cheques of any kind) must be declared.

Currency Import regulations:

Transfer Money to Spain

A popular destination for international money transfer, here is everything you need to known about transferring money to Spain:

Currency

Spain currently uses the Euro (EUR) as its official currency. This has replaced its pervious form, the Peseta, which are no longer accepted in the country. Euro’s are available in a number of denominations in both coins and notes.

Notes range from 5.00 Euros to 500 Euros, covering the following denominations: 5.00, 10.00, 20.00, 50.00, 100.00, 200.00 and 500.00. Coins range from 1 Euro Cent to 2.00 Euros and are available in the following denominations: 1 Euro Cent, 2 Euro Cent, 5 Euro Cent, 10 Euro Cent, 20 Euro Cent, 50 Euro Cent, 1.00 Euro and 2.00 Euro.

Banks

Banks are typically open Monday to Saturday between the hours of 0830 and 1400. This is not universal for the whole year, however, and banks will be closed on Saturdays between the months of June and September.

Other Options

Other options for foreign exchange in Spain include availability in exchange shops, hotels and travel agencies. These give individuals a wealth of choice when it comes to exchanging currency.

Forms of Money Transfer

Money transfer to Spain can be done through a number of different forms, with both credit cards and travellers’ cheques being accepted. Important details to note with these forms of currency exchange or transfer are:

• Mastercard and Visa are the main credit cards accepted across the country.

• American Express, Diners Club and Euro Cheque Cards will also be accepted in a number of regions.

•Credit card providers should be consulted before visiting Spain to determine whether certain services will be available whilst abroad.

• Travellers’ cheques must be accompanied by a passport to exchange them for currency.

Regularity of Money Transfer

Those who are considering transferring money to Spain on a regular basis is advises to use the services of a foreign exchange broker. This will help ensure the best exchange rate is achieved for a currency transfer to Spain.

Speed of Money Transfer

How long it takes to transfer money to Spain will be dependent on a number of different factors. As the Euro is a major currency it may be possible for people to send money to Spain within a day or two but this is not a guaranteed time frame.

Reasons for Money Transfer

Regardless of your reasons to transfer currency to Spain, foreign exchange brokers can help you make the best of the exchange rate whilst offering your more competitive rates than high street banks. This will be applicable whether you are making a single or regular transfer and will not be impacted by your reasons behind it.

Important Information for Visiting Spain

Electric: 2 pin wall pockets which deliver 220 volts. European countries such as the UK deliver 240 volts but most electronic devices will still function within those with lower voltages.

Water: there is universal access to water supplies across the country.

Shops: opening hours will vary between businesses and locations but most places will be open from 0930hours to 1400hours and then again from 1700hours to 2000hours from Monday to Saturday. These times will vary for smaller shops and for other establishments such as banks, pharmacies and restaurants.

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