Knowing the available options to send money from Spain to Mexico is key to making a good decision. Don’t know where to start? Then this post is for you.

Today, we’re bringing you 3 reliable alternatives so you can choose the perfect one based on your needs. But before we dive into them, let’s review the key points you should keep in mind for each.

How to Send Money from Spain to Mexico: Secure Methods and Their Fees

Things to Consider When Sending Money from Spain

When choosing a method to send money from Spain to Mexico, there are 3 key points to consider:

1. Exchange Rate

The exchange rate between the euro and the Mexican peso is essential, as some platforms offer more competitive rates than others.

2. Fees

This service isn’t free, even if signing up for an online platform has no cost. Additionally, fees vary depending on the entity.

For traditional bank transfers, for example, charges tend to be higher. A sending bank in Spain may charge an outbound fee plus a foreign exchange margin.

You’ll also need to factor in what the receiving bank may charge for international transfers. All this can make the total amount received lower than expected.

3. Processing Time

In Spain and most European countries, intra-regional transfers benefit from the SEPA system. This scheme works between countries in this area and allows for quick and low-cost transactions.

However, when sending money from Spain to Mexico, banks must use the SWIFT network, which implies a more complex process.

Besides currency exchange, there may be intermediaries and various fees involved, which slows the transfer.

It’s worth noting that Spanish law doesn’t impose a legal limit on sending money abroad. However, financial institutions may set internal restrictions or require justification—especially for large amounts. This can also influence how quickly or easily the transfer is processed.

How to Send Money from Spain to Mexico

First, have the necessary information ready to complete the transaction correctly. In most cases, these details include:

• The CLABE (Mexican bank code)

• The recipient’s full name and address

• The IBAN or BIC/SWIFT code

Once you have this information, the next step is choosing your transfer method. While there are multiple options, here are 3 reliable ways to send money from Spain to Mexico:

1. DolarApp

You can try sending money from Spain to Mexico with DolarApp, since it operates through the SEPA system. Transactions are processed quickly, as long as the recipient is registered on the platform.

It’s very simple to use:

If you’re in Spain, you can open a DolarApp account, activate it, and fund it with EURc. Then:

• Select the “Send” icon.

• Click “New recipient”.

• Enter the recipient’s banking info in Mexico (full name, IBAN, and account type).

• Enter the amount and hit send.

You can also send a SEPA transfer from any Spanish bank, just like with any other European account. Simply use the IBAN provided by DolarApp to the Mexican user. No intermediaries or losses from poor exchange rates.

Now, if you’re the recipient and wondering how to receive money from Spain to Mexico, here’s what to do:

• Download DolarApp and sign up

• Create an IBAN account from the “Receive” section

• Complete verification with valid proof of residence

• Share your IBAN with the person in Spain

The funds will arrive in your EURc account and you can either keep them or convert them to MXN within the app at a fair exchange rate.

The receiving fee is 3 EUR, regardless of the amount. Currency conversion is free of charge.

2. Your Bank

The most traditional way to send money from Spain to Mexico is via a bank. Although this method is 100% secure and widely available, it may come with higher costs.

To complete the process, the sender must:

• Choose the transfer method: physical branches, online platforms, mobile apps, or even by phone.

• Provide the recipient’s full name, address, CLABE, and the receiving bank’s SWIFT code.

• Enter the amount.

• Define who pays the transaction fees.

This last part is key, as there are three modes:

1. OUR: sender pays all fees, both origin and destination

2. BEN: recipient pays.

3. SHA: fees are split; each party pays their own bank’s charges

Fees vary. For example, at BBVA Spain, they depend on the channel and transfer type. So, although banks are secure, they tend to be more costly and slower. Their exchange rates are often less favorable too.

3. Wise

Another option is Wise, a financial platform that simplifies sending money across countries.

To send money from Spain to Mexico using Wise, you only need the recipient’s CLABE. Once you enter the info, the platform converts the euros to Mexican pesos and deposits the funds directly into the recipient’s bank account. No Wise registration required for the recipient.

This makes it ideal, whether you’re on a work visa or living in Spain as a permanent resident. You can send money to Mexico quickly and easily.

Steps to send money from Spain to Mexico with Wise:

• Choose the recipient’s bank account in Mexico.

• Enter the amount in euros to send. Wise will show the exchange rate and exact fees before confirming the operation.

• Select the payment method (bank transfer, card, or Wise balance)

The fee varies depending on the amount and method, but the minimum is 8.13 euros per transaction.

These were 3 effective ways to send money from Spain to Mexico. If you prefer the conventional route, go with banks. But if you want something more practical, choose DolarApp or Wise.

How to Choose the Best Option

Choosing the right method can make a big difference in cost, speed, and simplicity.

As we mentioned, traditional banks remain a safe option. However, they’re known for higher fees, less favorable rates, and slower, more bureaucratic processes.

In contrast, digital platforms offer more practical solutions, especially for remittances. DolarApp and Wise are faster and bypass bank intermediaries.

Let’s say you want to send 1,000 EUR—here’s a comparison of fees for each option:

At first glance, DolarApp is a strong option for sending money from Spain to Mexico—but the choice is yours.