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Top 3 Money Transfer Providers for Spain to Argentina

Provider Amount Received Fee Exchange Rate Speed
WorldRemit WorldRemit ARS $34,696.97 No Fee 173.4848 Next working day more...
Remitly Remitly ARS $35,398.00 No Fee 176.99 more...
TransferWise TransferWise ARS $19,169.13 €6.30 95.8457 0 Days more...
FXcompared Country Guides
See all guides here
SPAIN
Being a member of the single currency eurozone, Spain does not employ currency controls and has completely deregulated all individual and business transactions between residents and non-residents Read More
ARGENTINA
There are few controls on incoming foreign direct investment (FDI) and transferring money to Argentina, although sending money from Argentina is much more difficult due to numerous restrictions and bureaucratic constraints Read More
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Send money from Spain to Argentina

Top 5 Money Transfer Providers

Latest prices for transferring money from Spain to Argentina
Exchange Rates as of 3 December 2020, 20:37

WorldRemit

Est. 2010

Use the code '3FREE' and pay no fees on your first three money transfers

WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.

More InfoLess Info
Amount Received
ARS $34,696.97
EUR €172.39
saved vs. banks

Remitly

Est. 2011

Remitly is a leading remittance focused player headquartered in the USA. Recipients can receive money by bank deposit, cash pick up, mobile money, or home delivery

More InfoLess Info
FXcompared Rating
Amount Received
ARS $35,398.00
EUR €179.47
saved vs. banks

TransferWise

Est. 2011

TransferWise is an online only provider

More InfoLess Info
Amount Received
ARS $19,169.13
EUR €15.49
saved vs. banks

Western Union

Est. 1851

The Western Union Company is a financial services and communications company based in the United States.

More InfoLess Info
Amount Received
ARS $35,458.05
EUR €180.08
saved vs. banks

Azimo

Est. 2012

Azimo is an online only provider with a focus on mobile money transfers. They also work with the top global banks and payment providers to ensure the safe delivery of your money and payout globally.

More InfoLess Info
FXcompared Rating
Amount Received
ARS $33,932.06
EUR €164.66
saved vs. banks

How to Transfer Money from Spain to Argentina

What is in this guide

Spain to Argentina Guide

Summary

Spain and Argentina share close cultural ties and a history of steady immigration and emigration between them. It is common for Spanish citizens to send money to Argentina, and vice versa, to pay for travel, relocation costs, education, or for any number of other needs. Currently, there are no restrictions for Spanish citizens who are planning to transfer money from Spain to Argentina.

Visas, work permits and residency

Spanish citizens who wish to live or work in Argentina must apply for the appropriate visa for temporary work or travel stays lasting longer than three months. Argentina issues tourist visas for stays of longer than 90 days, as well as business and temporary residence visas. To determine which is appropriate, it is recommended that Spanish citizens visit their local Argentinian embassy or consulate to determine visa or residence permit requirements.

For short visits lasting less than three months (90 days), Spanish citizens need only show a valid passport (it must be valid for at least six months from the time of arrival in Argentina) to enter the country. For more information about Argentina’s visa and residence requirements, visit the country’s National Immigration Office website.

Buying property in Argentina

There are a number of steps that need to be followed when purchasing property in Argentina. As a non-resident, it is advisable to work with a licensed real estate agent and/or real estate attorney who is familiar with Argentina’s real estate laws and can guide you through the process.

Once a property has been found, it is customary to start the purchase process by submitting an offer. The offer should state the property price, the closing date of the transaction, the notary public used, and any special conditions that were agreed to between the buyer and seller. An offer is customarily accompanied by a deposit, which can vary but is typically based on a percentage of the property purchase price. If the seller backs out of the agreement at this point, the deposit must be returned (and can be doubled, as a way to impose a fee on the seller for backing out of the agreement).

The intermediary step, the boleto, typically occurs within 15 days of the acceptance of the offer. The seller usually receives from 30% to 50% of the purchase price at this time. During this stage of the process, it is typical for the buyer to begin arrangements to transfer money to Argentina to complete the purchase. Argentinian banks will typically require copies of the seller’s tax returns in order to receive funds into their account.

The final step, the closing (called the escritura), is where the official transfer of deed takes place. The acting notary public must possess the old title deed at this point, and have ensured that the property does not have any debts, liens, or other encumbrances attached to it. The buyer’s presence is not required for the final step. Someone with power of attorney for the buyer may represent them at the escritura.

Taxation

In Argentina, taxes are imposed at three levels: national, provincial, and municipal. While residents must pay income taxes on all income earned in Argentina as well as outside of the country, non-residents are taxed only on income received within Argentina. Note that an individual who has resided in Argentina for at least 12 months is considered a resident for tax purposes.

Spanish students studying in Argentina

Spanish students who wish to study in Argentina will find a number of resources available through the Argentinian government’s Ministry of Education. Scholarships and grant opportunities are also available. Spanish students will need to apply for and receive a student visa before arrival.

Voting

Spanish citizens are not permitted to vote in Argentina’s national elections, though in some cases they may vote in provincial or district elections. Spanish citizens who wish to vote in Spanish elections while residing abroad must register with a Spanish embassy in Argentina.

Healthcare

Argentina’s healthcare system is overseen by the Ministry of Health, and includes government-funded services as well as a private medical sector. For Spanish citizens visiting or planning to live in Argentina, it is strongly recommended that they purchase traveler’s insurance or a private medical plan to cover them for the duration of their stay, as non-citizens are not eligible for government-funded healthcare services.

Importing from Spain to Argentina

As a member of the European Union (EU), Spain is part of a lucrative and mutually beneficial transatlantic trading and economic partnership with Argentina. This trade relationship is Argentina’s second largest, accounting for approximately 16% of Argentina’s total trade in 2013, and is governed by the Framework Trade and Economic Co-operation Agreement, in effect since 1990. Argentina and the EU are also trading partners in the EU-Mercosur Framework Co-operation Agreement of 1995. In 2012, foreign direct investment, trade, and international money transfers between the EU and Argentina accounted for USD $18.3 billion.

Frequently Asked Questions

Are the money transfer companies shown above safe to use?

Yes, all the companies are safe and fully-regulated money transfer services. Each are authorised and regulated by the relevant authority such as the Financial Conduct Authority(FCA) in the UK, FinCEN in the US, FinTRAC in Canada or ASIC in Australia.

How long does an international money transfer take?

The speed of delivery will depend on where the money is being from and to and how you are sending and receiving the money. Transfers sent using bank to bank transfers can depend take anywhere from minutes to days and you should check the time estimates from the relevant provider. Debit and credit card payments sometimes allow for faster transfers for smaller amounts.

How do I use FXcompared?

First review the comparison results (such as for a table above) for a given amount of money sending from Spain to Argentina. Then select a provider based on factors such as price, speed, their rating and click the green button to be taken to their website. From there, you can register and sign up for an account. Once you have done that and the provider has verified your identity to ensure the money can be send safely, you will be ready to transfer money.

What payments methods can I use to send money overseas?

The results shown above are typically for bank to bank transfers. It is possible via some providers to pay in your funds for the transfer via cash, debit or credit cards as well but this is usually reserved for smaller amounts. Some providers also give you different options for how the money will be received - to a bank account (most common), to a debit card, to cash or to a digital or mobile wallet.

What if the price shown above isn’t exactly what I am offered when I try to transfer money?

There can be a number of reasons why the final price you are offered may be different to that shown in the table above. Exchange rates between two currencies change all the time and is the most common reason. Additionally, some providers offer different pricing depending what method you are using to send funds or how the funds will be received. Others may offer you a premium service for faster payments. In some cases FXcompared has a special rate with a provider and this is reserved for first time customers who sign up to the provider starting from FXcompared’s website. As prices do change often, be sure to confirm the total cost with the provider before transferring money.

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All the providers listed are regulated by the relevant authority (e.g. the FCA in the UK, FinCEN in the US, ASIC in Australia) and have been vetted by FXcompared.

FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.