How to compare the real cost of sending money to your country
Fees, exchange rate and delivery times: what to look at to know what a transfer really costs and how much your family will receive.
The cost isn't just the fee
When you send money abroad you pay in two ways: a visible fee and a margin hidden in the exchange rate. A service advertising “no fees” may make up for it with a worse rate than the market's.
What to compare, in order
- Exactly how much the other person will receive, in their currency. It is the only figure that really matters.
- The exchange rate you are given compared with the market reference rate on the same day.
- The fixed or percentage fee per transfer.
- Delivery time and how it is collected (bank account, cash, mobile wallet).
- Whether the provider is licensed to operate in Spain and supervised.
How to make the comparison
Check the same amount at the same moment across several services, and compare what the other person receives, not what each one costs separately. That way you compare like with like.
Because the rate moves, it's best not to look at it on a single day: a good habit is to follow the rate during the month and send when it suits you, if your family can wait.
Be clear on what Remesia does and doesn't do
Remesia does not hold your money or make transfers, and it does not recommend a particular provider. It helps you plan: how much you send each month, at what rate, and how much you have left to live on afterwards. To move the money you use a licensed service, whichever you choose.