Send Money from Spain to Ecuador

Measured on the full cost — the transfer fee plus the exchange-rate margin — Wise is cheapest on this corridor at €1,000, across the 4 providers we hold checked figures for. The cheapest provider also changes with the amount you send, so compare the final sum that arrives in US dollars rather than the headline fee.

At €1,000, Wise is the cheapest of the 4 providers priced at that amount on this corridor: about €6.21 all in, or 0.62% of the amount sent. Remitly is next at about €11.59. That is the fee plus the exchange-rate margin that applied to a transfer of that size — priced at €1,000 specifically, not worked out from a measurement taken at some other amount. It covers a bank transfer; cash pickup and mobile wallet payouts are priced separately. The margins were measured by Wise's comparison service rather than published by the providers themselves, and other providers here may be cheaper and are not priced this way.

Delivery ranges from minutes to a few business days depending on the provider and payout method. Ria Money Transfer, Xoom and Paysend can deliver within minutes when you pay by debit card. Bank-funded and economy transfers typically take one to three business days but usually cost less. Transfers sent outside banking hours or over a weekend may not settle until the next working day.

Across the providers we compare, the available payout methods are bank deposit, cash pickup, mobile wallet, card payout and airtime top-up. The most widely used options in Ecuador are bank deposit and cash pickup. Ecuador is dollarised, so there is no exchange-rate margin on USD transfers — the fee is the whole cost. Not every provider supports every method, so check the table above before you commit.

No. Remitly, Ria Money Transfer, Western Union and Xoom offer cash pickup in Ecuador, so your recipient can collect the funds with valid photo ID and the transfer reference number. That said, bank deposit and cash pickup generally cost less than cash collection.

Providers rarely give you the mid-market rate — the reference rate you see on Google or Reuters. Instead they add a margin, typically between 0.4% and 4%, and keep the difference. That margin is often larger than the visible transfer fee, which is why a "no fee" service can still be more expensive overall. For EUR to USD, compare the quoted rate against the mid-market rate to see the real spread you are paying.

Yes, provided you use a licensed provider. Every service listed on this page is regulated in Spain under the Bank of Spain (Banco de España), which requires safeguarding of customer funds and identity verification. Send only to people you know personally, keep your transfer reference private, and be sceptical of anyone pressuring you to send money urgently to someone you have not met.

Yes. Each provider sets its own transfer limits, which vary by how much identity verification you have completed and how you pay. Larger transfers may require additional documentation such as proof of source of funds. For transfers above roughly €10,000, a specialist foreign-exchange broker will often beat an app on rate.

Ecuador is dollarised and has used the US dollar as its currency since 2000, so a transfer from Spain is a euro to dollar conversion. The entire comparison rests on the euro to dollar rate each provider applies and the margin built into it. Because the dollar is a major traded currency, providers that publish the mid-market rate and a separate fee make the margin visible, while agent-network providers quote a single euro to dollar rate that already contains it. The two can only be compared on the amount the recipient receives, never on the fee alone. Payout is in dollars, so there is no second local-currency conversion and no domestic exchange loss at the receiving end, which is not true of the Morocco or Colombia corridors from the same hub. Ecuador's government proposed a decree in March 2025 seeking a constitutional amendment to Article 303 that would make dollarisation itself harder to reverse, rather than a policy a future administration could unwind by decree. That is relevant here because dollarisation is the reason this corridor has no exchange-rate risk on the receiving end at all; a change to that legal footing would be the one thing that could alter the calculation on this page.