Spain is one of the most popular countries among CIS residents for temporary employment or moving to permanent residence. Therefore, immigrants are often interested in how to send money from Spain. There are quite a few ways and they all differ in terms of conditions and tariffs.
Methods for sending money
Of the many ways to transfer money internationally, including from Spain to Russia, the most common are:
- mailing;
- bank transfer;
- through the Internet;
- electronic wallets;
- classical systems of international transfers such as Western Union, MoneyGram and others.
Sending cash
The easiest way is to send cash through the postal service. Foreigners in Spain most often turn to the Correos postal service for this service.
All the nuances of the mail will be described in the article "Features of the mail in Spain".
However, due to the development of electronic systems, this option has now lost its relevance.
A faster way to send money is by bank transfer. But for this, it is necessary that both the sender and the recipient have open bank accounts.
Information on how the Spanish banking system is arranged, how to act correctly to open an account can be obtained by reading the article “Procedure for opening a bank account in Spain in 2021”.
In order for the recipient to be able to receive cash at an ATM or leave the transferred money on the card, the sender will need the bank details of this person in his home country.
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Sending money over the Internet
Sending funds via the Internet is possible through special instant transfer resources or electronic wallets. The most popular online systems for conducting monetary transactions are:
PayPal is the most widespread Internet resource through which you can not only transfer funds abroad, but also pay for a particular purchase or service.
TransferWise is an easy way to send money online to a bank card without the involvement of financial institutions. The transfer in the system is carried out at the exchange rate on the day of sending.
Azimo is an online system that offers lower rates than banks. You need to enter the recipient's details and the amount, and within a certain time, which takes from several minutes to several days (depending on how quickly the transaction is processed at the recipient's bank), the money will be delivered to the account or to the cash withdrawal point.
WebMoney is an electronic wallet that can be replenished with a transfer from a bank account, card, cash or electronic money.
You can withdraw money in the same ways. However, in order to transfer via WebMoney, you need to create your account in the system.
Sending money through classic money transfer systems
Those who do not have a bank account can transfer funds abroad through one of the classic money transfer systems. The most popular are the world famous Western Union and MoneyGram, and within Russia - Contact.
Western Union is the world's most popular money transfer system. To send, you need to contact any bank that supports this system, specify the recipient information and the amount, after which you will be given a code. This code must be provided to the recipient, who then must appear at a bank that supports the Western Union system, with a passport and thus a code.
MoneyGram - funds are sent through this system in just 10 minutes, but how quickly you can receive money depends on the speed of processing the request in the recipient's country. Additionally, you can send a short message of 10 words.
Contact is a Russian system for sending money abroad, working all over the world. It can be used, among other things, to send financial resources to Russia from Spain. The principle of operation is the same as in the previous two systems.
What else you need to know about transfers
Before using this or that method of sending money, you must carefully read the terms of the particular service, the services of which you intend to use. Also, keep in mind that Spanish banks are only open until 14:00.
It is also worthwhile to familiarize yourself with the tariffs in advance, since they differ in each specific case.
The tariffs of the same system may differ depending on the country, so it is better to find out about the commission directly when contacting the point of forwarding services or find the necessary information on the official website.
In addition, please remember that if you open an account abroad, you must notify the tax authorities of your home country. Otherwise, you will have to pay a fine.
Finally
There is a wide range of different options for sending money from Spain to your home country. The easiest is a bank transfer, but this requires that the sender and recipient have bank accounts. However, this method is not the cheapest one, as banks charge a lot of shipping fees. A longer way is to send money by mail.
The most convenient way to send money is through special Internet systems. This method allows you to send funds from any place of residence, be it Madrid or the Costa de Valencia, since it does not require a search for a bank branch. For this you only need the Internet.
Another option is to transfer money through an electronic wallet, but this will require creating your own account. Well, if you do not want to open a bank account or create an account, you can use one of the classic systems Western Union, MoneyGram or Contact - for this you just need to go to the point of departure, taking your passport with you.
