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You Send
Transaction Fee
Conversion Amount
Conversion Rate  
Recipient Receives
Conversion Amount
Conversion Rate
Recipient Receives

Banks and other providers add a markup and other hidden charges to their exchange rate for sending money abroad. At InstaReM, we make it cost-effective through our Zero-Margin FX rates, low remittance fee, and no hidden charges.

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InstaReM Advantage
Zero-Margin FX Rates
We get you mid-market rates sourced directly from Reuters and add absolutely no margins! We charge a nominal fee.
Easy Transfers
Sign up, verify your account and get transacting. Know the exact amount your recipient will get as you set up your transfer.
Loyalty Points
Earn bonus InstaPoints upon joining and each time you transfer. Redeem them against your transactions.
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A Happy You! Is Why We Do What We Do.

Transfer Money To Spain At Zero-Margin Rates

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Send Money To Spain

Sending money to family or business in Spain? Don’t spend a penny extra on money transfers through traditional service providers like banks or money transfer operators (MTOs). Banks and other service providers add margins to their FX rates and inflate the transaction costs by adding a number of hidden charges without intimating the sender. The result: your recipient ends up receiving much lesser than what you intended to send to them.

At InstaReM, there is no room for such rude shocks. We offer you Zero-Margin FX rates. Our rates are the mid-market rates sourced directly from Reuters. We charge a nominal transaction fee to cover the cost of processing your transaction.

Unlike other money transfer services, our operations are completely transparent. We do not hide anything from our clients, be it our exchange rates, our fees or the status of their transaction. It’s all there for you to see on the transaction receipt. We don’t charge you a penny extra.

Another advantage of using InstaReM is that we process your transactions faster than banks. Unlike other service providers, we don’t hold your money entangled in complicated processes. Our transfers are swift and cost-efficient. Cost-efficiency is something that sets us apart from other players in the industry. The World Bank has consistently ranked InstaReM the #1 cost-efficient money transfer service provider from Australia and Singapore to a number of countries.

At InstaReM, we value your money and always try to offer our clients great offers and bonuses. With us, every transaction can be a rewarding experience as you earn InstaPoints that can be redeemed on future transactions. Our referral programme too is a win-win for our clients as well as their friends, as both earn bonuses on their transactions. Like it so far? Sign Up today to send money to Spain.

Frequently Asked Questions
  • Is it safe to send money to Spain through InstaReM? As a FinTech company, InstaReM reports to a number of regulatory bodies globally, and just like banks and other financial institutions, we have preventive measures designed to safeguard your profile against unauthorised access, fraud, and money laundering.
  • How much does it cost to send money to Spain through InstaReM? InstaReM uses Zero-Margin FX Rates to transfer your money. With us, you always get the exchange rate you see on Reuters or Google. For payments from AUD or HKD to EUR, the fee is 0.5%. For payments from SGD to EUR, the fee is 0.25%. For transfers from MYR to EUR, the fee is 0.6%. Please note that the fees are subject to change.
  • How much time does it take to send money to Spain through InstaReM? Typically, InstaReM makes same or next-business-day transfers, 7 days a week. However, some factors that can slow down payment processing are:
    1. Additional information required by InstaReM or recipient bank or financial institution for your security
    2. Payment processing / verifying your bank account
    3. Branch location hours / delivery hours / holidays
    4. Erroneous recipient details
    *Please note that the transfer time may be affected by banking systems and holidays in both the sending and receiving countries. You will receive email notifications as your money transfer progresses through our system. You can track your transfer on the InstaReM website as well as on the app.
  • Which banks in Spain are covered by InstaReM? InstaReM covers all banks in Spain, including BBVA, CaixaBank, Banco de Sabadell, Bankia and Deutsche Bank Spain, among many others.
  • What details are required to send money to Spain?
    1. Name: When sending to individuals in Spain, you need to fill in the beneficiary’s first name and last name.
    2. Address: Beneficiary’s full residential address in Spain.
    3. Account no: Beneficiary’s local account number in Spain.
    4. Beneficiary's Bank Code: You need your beneficiary’s SWIFT-BIC code to make a transfer to Spain.
  • What is a SWIFT-BIC Code? Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use the codes for exchanging other messages between them. You can find SWIFT codes for Spain here.
  • Can I send money to the bank account of a business based in Spain through InstaReM? Yes. You can use InstaReM for business transfers to Spain.
  • What are the minimum and maximum limits for sending money to Spain through InstaReM? Individuals: The first transaction limit from Australia is AUD 2500. The limit is removed next transaction onwards. From Malaysia, per day transaction limit is MYR 50,000. There is no limit for transactions from Singapore and Hong Kong. Corporates: From Malaysia, per day transaction limit for businesses is MYR 200, 000. There is no limit for transactions from Australia, Singapore and Hong Kong. Please note that InstaReM accepts payments in whole amounts, not decimals. Transactions above USD 10, 000 must be declared to the authorities concerned.
  • Which currencies are available for payout in Spain? We make payouts in EUR and USD only.
  • For what purposes can I send money to Spain through InstaReM? InstaReM service can be availed by any individual (at least 18 years of age) for personal money transfer needs in Spain from four countries. The user will be required to specify the purpose of remittance from a specified list of purposes like:
    1. Family maintenance
    2. Gift to family or friends
    3. Credit into your non-resident deposit accounts in Spain
    4. Payments towards tuition/ hostel fees
    5. Travel services
    6. Home loan repayment (extended by banks)
    7. Insurance premium
    8. Purchase of permissible real estate
    * InstaReM does not support payments for FDI (Foreign Direct Investment) purposes.
  • Does InstaReM support transfers to an email address of a recipient based in Spain? No. InstaReM does not support transfers to an email address in Spain.

You can also transfer money to other countries in

  • Asia
  • Europe
  • Oceania
  • North America
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