Looking for the best way to send money internationally from Spain? Whether you support family abroad, pay for overseas services, or move funds between accounts, choosing the right transfer service is crucial.

Remitly is one such app that offers reliable services, but several other platforms better suit your needs, whether you prioritise low fees, competitive exchange rates, or speed. 

In this blog, we’ll explore the top alternatives to Remitly for international money transfers in Spain, helping you find the best option for your needs.

1. Vance

Vance is designed with simplicity and savings in mind, making it a standout option for users in Italy. The platform is user-friendly for first-time users and ensures your money reaches your loved ones without unnecessary fees.

Key Features:

• Google Exchange Rates: Get the exact currency exchange rates you see on Google - with no markups, ensuring you save more. 
• Flat £3 Transfer Fee: No hidden charges or fluctuating fees—just a straightforward, low-cost service.
• Wide Currency Support: Vance currently supports transfers in GBP, EUR, AED, and INR, with more options coming soon.
• User-Friendly Interface: Designed for ease, even first-time users can navigate effortlessly.
• Secure Transfers: Advanced encryption keeps your money safe at every transaction stage.

Over 140,000 users trust Vance, having saved significant amounts in fees. For Italians seeking a reliable, cost-effective money transfer service, Vance is an excellent choice.

2. Wise (formerly TransferWise)

Wise is a well-known name in the international money transfer space, famous for its transparency and cost-effectiveness. Italians often prefer Wise for its straightforward pricing and seamless approach.

Key Features:

• Real Exchange Rates: Wise uses the mid-market, fairest exchange rate available.
• Low, Transparent Fees: Fees vary by destination, usually ranging from €0.50 to €2 for transfers from Italy.
• Multi-Currency Support: Manage and send money in multiple currencies easily.

Wise is ideal for those in Italy prioritising getting the best exchange rate without hidden fees.

3. CurrencyFair

CurrencyFair is particularly appealing to those sending money to various countries. It offers excellent customer service and competitive fees.

Key Features:

• Great Exchange Rates: Offers rates close to the mid-market rate.
• Low Fees: The transfer fee is typically around €3, depending on the destination.
• P2P Currency Exchange: This unique feature allows you to exchange currencies with other users, potentially getting even better rates.

CurrencyFair is great for those who want to use peer-to-peer exchange and save more on their transfers.

4. XE

XE is another excellent alternative, especially if you're looking for a service with a strong reputation and competitive pricing.

• Competitive Exchange Rates: XE offers some of the best exchange rates available.
• Low Transfer Fees: XE charges a small fee, typically starting around €2 for most transfers from Germany, with additional fees possible for credit card payments. Bank transfers are fee-free but may take longer to process​
• Fast Transfers: Many transactions are completed within 24 hours.
• User-Friendly Mobile App: Real-time tracking and easy navigation through the XE app.

5. OFX

OFX is a standout choice for larger money transfers, offering low or no fees on more substantial amounts.

• No Fees on Large Transfers: Typically, transfers above €10,000 are fee-free.
• Competitive Exchange Rates: OFX provides better rates for more significant amounts.
• 24/7 Customer Support: Access to customer service whenever you need it.

In Conclusion

Choosing the right money transfer service in Spain depends on your needs: lower fees, better exchange rates, or faster transactions. Vance, Wise, CurrencyFair, XE, and OFX each offer unique advantages, making them strong alternatives to Remitly. You can find the best service to suit your international transfer needs by exploring these options.

Enjoy Money Transfers from Spain to India with Vance

Experience lightning-fast money transfers from Spain to India with Vance. Get real-time Google rates on all your money transfers with absolutely no hidden fees—no surprises, just the best deals.

Stay ahead with our exclusive rate alerts, tracking the EUR to Rupee so you can send money at your desired rate. Join a savvy community of over 100,000 NRIs who’ve collectively saved more than ₹50 Cr in transfer fees.

Sources

• Wise: wise.com
• Vance: Vance.tech
• Currency Fair: https://www.currencyfair.com/
• XE: https://www.xe.com/
• OFX: https://www.ofx.com/en-au/

Disclaimer 

This content is for general informational purposes only and should not be taken as financial, legal, or professional advice from Vance or its affiliates. While we strive for accuracy, the information may change over time. Vance makes no representations, warranties, or guarantees, whether express or implied, regarding the information's accuracy, completeness, or reliability. The comparison is based on publicly available data and is intended to assist users in making informed decisions. It is not a substitute for professional advice or consultation with financial experts. Please review your region's terms of use and product availability or visit the service provider's website for the latest pricing and service information.

FAQs

Q1. How do these alternatives handle currency conversions for transfers from Spain?

These alternatives, like Wise and XE, typically use real-time or mid-market exchange rates, ensuring you get a fair rate without hidden markups​

Q2. Are there any Spanish regulations that could affect the use of these Remitly alternatives?

All the alternatives mentioned comply with Spanish regulations, ensuring secure and legal international money transfers​

Q3. What is the typical processing time for these alternatives in Spain?

Most of these services, such as XE and Wise, complete transfers within 24 hours, although this can vary depending on the destination and payment method​

Q4. How do customer support services compare among these Remitly alternatives in Spain?

OFX offers 24/7 customer support, while others like Wise and XE provide robust support through online chat and email, ensuring assistance is available when needed​

Q5. What security measures are in place for users of these Remitly alternatives in Spain?

All these platforms, including Vance and XE, use advanced encryption and other security protocols to protect user data and transactions and ensure a secure transfer experience.