Want to send money to Spain? Are you considering a wire to transfer money to Spain? Before you walk into your bank to organise it, be sure to check out the wire transfer fees. It might come as a shock as to how much the fees and charges will be and depending on the dollar amount, it might be better to forward the money by other means.
What makes even more costly is in addition to your financial institution adding a fee for sending the funds to a place in Spain, the individual receiving the funds will probably incur a fee from the bank where they have their account. One way to reduce the possibilty of the fee is to send the international wire transfer in their designated currency.
To process a bank wire transfer to Spain, you may require a SWIFT code. These are different for each financial institution and based on things such as the bank and country.
SWIFT Country Code
Central Bank Name
Banco de España