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Silverbird is an EMI-certified UK financial institution that follows all industry-standard regulations and best practices to protect your funds. We safeguard your money with Tier-1 UK and EU banks, use industry-leading TLS encryption protocols to secure your data, and two-factor authentication to protect your account.
To send money to Spain, you will need the full name, sort code, account number, name of the recipient’s bank, and reason for the transaction. You will also need either a bank account, online payment provider or multi-currency account.
The amount of money you can send to Spain depends on the bank or payment provider you use, and the type of account. Personal bank accounts enforce daily limits of up to £50,000 (Barclays), while Bank of Scotland business account holders have a daily transfer upper limit of £250,000. If you open an online business account with Silverbird, you can send money to Spain with no transfer limits.
If you send large amounts of money to Spain — anything upward of $10,000 — your transaction may be delayed. Banks must comply with anti-money laundering regulations to scrutinise large transactions, which are sometimes flagged as suspicious. If you open a Silverbird multi-currency account, you can send large sums of money overseas frictionlessly.
Yes, you can send a SWIFT payment to Spain. SWIFT transfers usually take 3-5 days. If you want to send an instant payment, opt for an online payment provider like Silverbird.
Yes, you can send a SEPA payment to Spain if the country of origin is a member of SEPA (Single Euro Payments Area), which includes all EU member states, as well as Switzerland and the UK.