How to send money to Gibraltar from Spain with the best EUR-GIP rate

A comparison of providers offering services between Spain and Gibraltar is paramount. Based on your specific transfer amount, the best way to send money to Gibraltar could change. Comparing ensures the best price for your needs.

For services allowing you to send Euro to Gibraltar we've compared 2 providers.

Here are your best money transfer options for sending money from Spain to Gibraltar

• Revolut is our recommended way to send Euro to GIP. Sending 7,000 EUR to GIP will cost you €109 in fees, and your recipient will receive 5,938.65 GIP. The delivery time usually is within minutes, but it depends on the day you make the transfer.

• To secure a cheap way to transfer EUR to Gibraltar, Currencyflow is our recommendation. We found that Currencyflow fees were 0 EUR per transfer, and customers would expect an exchange rate between EUR-GIP that is 0.26% different to the mid-market rate

• Fastest way to send money to Gibraltar from Spain is with Revolut. If you send €7,000 with Revolut to Gibraltar, the transfer time is within minutes. This is currently the fastest option, but can vary depending on how much EUR you send to Gibraltar.

This coverage of the market ensure you will get the best options for your transfer to Gibraltar from Spain.

Overall, we rated Revolut as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from Spain to Gibraltar.

A better exchange rate means more Euro being sent to Gibraltar. This exchange rate determines the price you will pay when buying Gibraltar Pound.

Currently the mid-market rate between Euro and Gibraltar Pound is 0.859.

Fees and exchange rates make up the total cost of sending money from Gibraltar to Gibraltar. Finding a company that can offer both ensures a good deal on your transfer.

• The Mid-Market and Exchange Rates: The current EUR-GIP mid-market rate is 0.859 GIP per Euro. You will get more Gibraltar Pound for your Euros if you find a provider close to this number.

• Fees: Transfer fees are charged as part of the transfer. Currencyflow charges the lowest fee of 0 EUR at the moment. We’d always recommend comparing providers for your exact send amount as fees may change.

• Amount Received: Money transfer companies will show you the amount of Gibraltar Pound eventually received in Gibraltar. You can assume that a lower cost of sending from Spain will result in more money received in Gibraltar.

Sometimes, waiting a day or two can help you get more GIP for the same amount of Euro - but time it wrong and you might get a worse deal.

If you’re sending a large amount where this rate could make a significant difference, use a forward contract. This allows you to lock in an agreed exchange rate between Spain and Gibraltar.

A bank transfer through a money transfer company is the cheapest way to send money. Generally, it’s the payment method that will get you the best price on a transfer from Spain to Gibraltar at this moment.

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

Bank transfers

Bank transfers are usually the best and easiest way to send money from Spain to Gibraltar.

By using a money transfer company such as Currencyflow for transfers from Spain to Gibraltar, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.

Debit and prepaid cards

Sending money from Spain to Gibraltar with a debit or a prepaid card is available through Revolut.


Revolut is one of the cheaper options for debit card payments for transfers from Spain to Gibraltar. This cost is against a total of 2 money transfer companies offering this option.

Credit cards

When it comes to credit card transfers from Spain to Gibraltar, we recommend comparing your options to get the best deal.

Transfer limits to Spain and Gibraltar will differ per company, this may impact the amount you can send and receive if you hit the limits.

Also, rates and fees for different EUR-GIP transfer amounts could change - that’s why it’s best to compare companies for your specific transfer amount. Then, for regular transfers to Gibraltar, shopping around each time can make a huge difference if you feel you are hitting limits regularly.

For sending large or regular amounts of EUR to Gibraltar we'd recommend using Revolut. They offer a combination of rates and fees when sending from Spain to Gibraltar that is the most competitive.

There are different ways to receive money in Gibraltar.

The most popular ways are direct bank deposit into Gibraltar Pound, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers offering money transfers between Spain and Gibraltar will offer every method for incoming Gibraltar Pound.

Understanding where the money will eventually go after its left Spain and entered Gibraltar could impact the provider you use.

The most common (and generally easiest) way to send money from Spain to Gibraltar is directly into a bank account. Currencyflow is the best company for sending money from Spain to a bank account in Gibraltar.

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

Mobile wallets, P2P services and payment apps like PayPal, Xoom, and CashApp are popular because they offer convenience to those who already have them, but they come with more limitations and higher costs.

When sending Gibraltar Pounds to Gibraltar, you will need to verify your ID at the sign up stage.

The documents you need will vary by money transfer company and in some cases you might need a couple of options.

For the most part however, in Spain ID can be verified through a government issued ID such as a passport or driver's license.

In Gibraltar, if the recipient needs an ID to collect money - both should be accepted. We’d recommend checking in advance before sending for any specific requirements on receiving money.

Large transactions between Spain and Gibraltar, are subject to additional checks such as proof of funds. This is for anti-money laundering purposes.

Revolut is one of our recommended providers for transfers to Gibraltar from Spain due to the ease of sign up and ID verification.

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

Some transfers into Gibraltar Pound may need to be reported to tax authorities in Gibraltar, particularly where inheritance or property purchases are involved (or anywhere else there are additional legal requirements).

Depending on age and income in particular, tax limits and personal allowances will change in Gibraltar.

When in doubt, please contact a tax professional in Spain or Gibraltar to discuss the personal circumstances of the transfer. This ensures you are not missing any specific tax declarations associated with your circumstances.