How to send money to Spain from Denmark with the best DKK-EUR rate

Comparing money transfer companies with services between Denmark and Spain, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.

Here are your best options for sending money from Denmark to Spain

• Wise is the best way to transfer Danish Krone into Euro. Sending 50,000 DKK to EUR will cost you kr209.13 in fees, and your recipient will receive 6,661.52 EUR. The delivery time usually is same day, but it depends on the day you make the transfer.

• Cheapest way to transfer money to Spain from Denmark is via Key Currency.

• Fastest company to send money to Spain from Denmark is with Revolut. Right now, if you are sending kr50,000 with Revolut to Spain, the transfer time is within minutes. This can vary depending on your needs, but it's the fastest option.

For this route, we’ve compared 12 providers providing services between Denmark and Spain. This ensures you will get the best options when sending Euro to Spain.

Over the last 7 days, we’ve picked Wise as the best overall provider. However, comparing based on the amount you want to send to Spain will provide a specific provider that’s best for transferring money from Denmark.

The exchange rate is the price you will pay when buying Euro in Denmark. A better exchange rate means you send more Euros to Spain.

Currently, the mid-market rate between the Danish Krone and Euro is 0.1338.

Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Denmark to Spain.

• The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Euro for your Danish Krone. The current DKK-EUR mid-market rate is 0.1338 EUR per Danish Krone.

• Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Danish Krone you’re sending to Spain. Key Currency currently has the lowest fees for transfers into EUR of just 0 DKK. We always recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Euro is the biggest indicator of the total cost of sending money to Spain from Denmark. The bigger the amount received in Spain, the lower the overall cost of sending from Denmark.

A better option is to use a forward contract. This allows you to lock in an agreed exchange rate for transfers between Denmark and Spain for a set amount of time, this can be up to two years in some cases.

Sending through a money transfer company via a bank transfer will most often be the way to get the best price when sending money from Denmark to Spain.

Here are all the ways to send money from Denmark to Spain:

Bank transfers

Bank transfers are often the better option for money transfers from Denmark to Spain.

Sending money via a bank transfer with a company such as Key Currency for transfers from Denmark to Spain allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

Sending money from Denmark to Spain with a prepaid or a debit card is very simple with Wise.


Wise is a leader in card payments for transfers from Denmark to Spain, competing among a total of 12 active money transfer companies on this route.

Credit cards

We recommend avoiding credit card deposits as it usually means taking a cash advance and using it for the deposit. Instead, use a bank transfer or a debit card deposit to save on fees.

If you have to, we recommend running a comparison to find the best deal for your transfer.

Money transfer companies offering services between Denmark and Spain have minimum or maximum thresholds on how much you can send or receive. These can be daily, weekly or monthly.

In particular, rates and fees for sending different amounts of Danish Krone could change. We always recommend comparing DKK-EUR rates for your specific transfer amount. Then, with transfers to Spain, shopping around each time can make a huge difference - as some providers offer introductory rates.

If you’re worried about transfer limits, for sending large amounts of DKK to Spain, we’d recommend Wise.

There are different options for receiving Euro in Spain. The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account. Not all providers offering transfers from Denmark to Spain will offer every method for incoming Euro, so it’s best to check ahead of time.

Sending directly to a bank account is one of the most common ways to send money from Denmark into Spain. For most part, this is because it means the recipient has to do very little. Wise is the best company for bank transfers between Denmark and Spain.

And if you need cash right away, check if cash pickup is an option for transfers between Denmark and Spain.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Key Currency.

You will need to verify your ID at the sign up stage when sending from Denmark to Spain through a money transfer company.

Documents needed will vary and in some cases you might need a couple of different forms of ID.

ID can be verified in Denmark through a government issued ID such as a passport or driver's license. If the recipient needs ID to collect money in Spain, both of these will also likely be accepted. Depending on the company you are using and where the money is going in Spain, it’s always best to check ahead just in case.

Larger transactions between Denmark and Spain are likely to be subject to additional checks such as proof of funds for anti-money laundering purposes. This could slow down the process of sending money if you’re not prepared for them.

One of the reasons Wise scored so highly for large and regular transfers to Spain, was their easy sign up process in Denmark.

When sending money between Denmark and Spain there will be tax declarations to consider.

Some transfers into Euro may need to be reported to tax authorities in Spain. This is of particular note where inheritance or property purchases are involved.

Personal allowances and tax limits will change in Spain based on age, income and personal circumstance. When in doubt, please contact a tax professional in Denmark or Spain to discuss your individual needs. This will ensure you are not missing any specific tax obligations associated with your transfer.