CurrencyFair

CurrencyFair is an online currency exchange and international payments platform regulated in Ireland. Their UK-facing site and product describe services for people who need to send money abroad, buy overseas property or receive an overseas pension; they operate local bank accounts in many countries and list Spain as a supported destination.

For someone moving to Spain, CurrencyFair offers a way to convert and transfer Sterling, euros and other currencies with published flat fees and a published exchange margin, and to send funds to Spanish bank accounts using same‑day or local transfer rails where available. They state that customer funds are held in segregated accounts with major banks and that they are an authorised payment institution in Europe.

1. Sign up for a personal account and complete identity verification (required by regulation).
2. Tell CurrencyFair the amount and currency you will transfer in, and choose the target currency or recipient.
3. Deposit money to your CurrencyFair account using the deposit methods shown in your country.
4. Exchange your deposited funds on the platform (instant Quick Trade or marketplace rates) and confirm.
5. CurrencyFair transfers the exchanged funds to your recipient’s bank account in Spain using local bank rails where available.