Send money from the UK to Spain
Buying property in Spain, retiring or relocating, moving savings or supporting family can mean transferring a significant amount from pounds to euros. See your GBP to EUR exchange rate upfront, with transparent pricing and personal support.
- See your GBP to EUR exchange rate instantly
- Transparent 0.25%-0.40% margin, depending on transfer size
- No Currencyflow payment transfer fees
- Personal support, including direct access to our founder
Send, save... & relax.
Transparent pricing, always shown upfront.
Your funds are safeguarded and kept separate from Currencyflow's operational funds. They are held in segregated safeguarded accounts through our FCA-authorised payment institution partner, Sciopay Ltd (FRN 927951).
By Freddie Smith, Founder & CEO, Currencyflow · Updated 1 October 2026
Sending money from the UK to Spain? Here's what to know
Sending a larger payment from the UK to Spain often means working to a deadline, particularly for property purchases, deposits or completion payments. If your payment is due in the future, it's worth thinking about both the GBP to EUR exchange rate and when you'll need to convert your pounds.
The amount you transfer can also affect the Currencyflow margin available to you. You can see the exchange rate for your transfer upfront, so you can understand what the recipient would receive before you decide to go ahead.
Why people transfer money to Spain from the UK
People transfer money from the UK to Spain for many different reasons. Whether it's for personal, property, or professional needs, each scenario can benefit from lower costs and better timing.
Buying property in Spain
Supporting family
Paying for education
Moving savings abroad
Why send money to Spain with Currencyflow
| Feature | Currencyflow | High Street Banks |
|---|---|---|
| Exchange Rate | Low-margin, personalised | Often 3-5% markup |
| Transfer Fees | None | £10-£30, plus possible SWIFT fees |
| Speed | Same-day or next working day | 2-5 working days |
| Support | Phone, email, live chat, WhatsApp | Call centres or in-branch |
| Rate Lock | Yes | Rarely offered |
| Account Setup | Fast and guided by a specialist | Paperwork-heavy, slower |
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Currencyflow indicative GBP to EUR rate
1 GBP = 1.1919 EUR
As of , the Currencyflow indicative GBP to EUR rate is 1 GBP = 1.1919 EUR, based on a £50,000 transfer with a 0.30% margin.
Your actual exchange rate may vary depending on the amount you send because our margin varies by transfer size. See our rates, margins and fees →
Currencyflow rates are indicative and confirmed when you book. No payment transfer fees.
Get a personalised GBP to EUR quote →Currencyflow GBP to EUR rates by transfer amount
Currencyflow exchange rates vary according to the amount you send.
| You send (GBP) | You receive (EUR) | Currencyflow rate | Margin | Payment transfer fee |
|---|---|---|---|---|
| £5,000 | €5,953 | 1 GBP = 1.1907 EUR | 0.40% | None |
| £10,000 | €11,907 | 1 GBP = 1.1907 EUR | 0.40% | None |
| £20,000 | €23,814 | 1 GBP = 1.1907 EUR | 0.40% | None |
| £50,000 | €59,595 | 1 GBP = 1.1919 EUR | 0.30% | None |
| £75,000 | €89,410 | 1 GBP = 1.1921 EUR | 0.28% | None |
| £100,000 | €119,213 | 1 GBP = 1.1921 EUR | 0.28% | None |
| £200,000 | €238,499 | 1 GBP = 1.1925 EUR | 0.25% | None |
| £300,000 | €357,748 | 1 GBP = 1.1925 EUR | 0.25% | None |
| £500,000 | €596,246 | 1 GBP = 1.1925 EUR | 0.25% | None |
| £1,000,000 | €1,192,493 | 1 GBP = 1.1925 EUR | 0.25% | None |
| £2,000,000 | €2,384,986 | 1 GBP = 1.1925 EUR | 0.25% | None |
| £5,000,000 | €5,962,465 | 1 GBP = 1.1925 EUR | 0.25% | None |
Currencyflow rates are indicative, updated hourly, and confirmed when you book. No payment transfer fees.
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How to transfer money to Spain from the UK
See your exchange rate
Open your account
Send your funds
We make your international payment
Planning your GBP to EUR transfer
Plan around deposits and completion dates
Fix a rate for a future transfer
Set a target rate if your timing is flexible
See GBP to EUR rates and history
Sending pounds to a Spanish bank account
If you’re sending money from the UK to Spain, the recipient account may be held with a major Spanish bank such as Santander, BBVA, CaixaBank or Banco Sabadell.
After agreeing your GBP to EUR exchange rate, you send the pounds to Currencyflow using the funding details we give you. We convert the GBP into euros at the agreed rate and send the EUR to the Spanish bank account you’ve provided.
Spanish accounts use an IBAN, and euro payments can be made through SEPA, the European payment network used by banks across Spain and the wider SEPA area.
If you’re buying property in Spain, you may be paying a lawyer, notary, developer or seller rather than your own bank account, so make sure the beneficiary name, IBAN and any required payment reference match the instructions you’ve been given. This route is also commonly used for relocation, family support and moving savings between the UK and Spain.
How long does a transfer from UK to Spain take?
Most transfers from the UK to Spain are delivered either the same day or by the next working day. Here are some factors that affect speed:
- Time of day you fund the transfer
- Bank transfer daily limits
- Whether all recipient details are complete
- Any required compliance checks
- Spanish bank hours and holidays (e.g. Fiesta Nacional, San Isidro)
Banks typically take 2–5 working days, especially for larger transfers. Currencyflow is designed to move faster.
What information do you need to send money to Spain?
To send money to a Spanish bank account, you'll need:
- a valid form of ID (passport or driving licence)
- proof of address (e.g. a utility bill or bank statement)
- the recipient's full name
- the recipient's bank details including IBAN (International Bank Account Number)
- a brief purpose for the transfer
Note: Transfers over €10,000 into Spain may require the recipient to declare them for tax purposes under Spanish gift and inheritance laws (ISD), especially if not linked to a purchase or loan.
Legal and tax notes for UK to Spain transfers
- No UK tax applies for individuals sending personal funds abroad
- In Spain, incoming transfers over €10,000 may need to be reported, especially if considered a gift
- Gifts or non-commercial payments may be subject to ISD (Impuesto sobre Sucesiones y Donaciones), depending on the recipient's residency and relationship to the sender
- Transfers linked to property purchases are generally exempt from gift classification but should be well documented
- Spain and the UK have a double taxation agreement in place so transfers of income, such as pensions, aren't taxed twice
- Always consult a Spanish tax advisor if you're sending or receiving large sums, especially for property or inheritance
Why trust Currencyflow
Your funds are safeguarded
Client funds are held in segregated safeguarded accounts through our FCA-authorised payment institution partner, Sciopay Ltd (FRN 927951), separate from Currencyflow's operational funds.
Personal support when you want it
Speak with us by phone, WhatsApp or email, including direct access to our founder, Freddie, when you want to talk through your transfer.
Secure account and payment processes
Currencyflow uses security measures including two-factor authentication and transaction monitoring to help protect accounts and payments.
Frequently asked questions
Written by
Freddie SmithFounder & CEO, Currencyflow
Freddie Smith is the Founder and CEO of Currencyflow, an international foreign exchange and payments specialist focused on high-value transfers for individuals and businesses worldwide. With over 12 years of commercial experience across financial services and digital media, including several years working with financial services comparison platforms, Freddie has spent his career at the intersection of partnerships, growth strategy, and money movement. He founded Currencyflow to bring transparent, fixed-margin pricing and personal relationship management to clients making significant international transfers.
Last updated 1 October 2026
