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If for some reason the bank's rate on that day was higher than the Central Bank's rate (the rarest case), the "service" received is also taxed. It is easier to follow this point than to deal with additional calculations.
You will typically need:
Recipient's name and surname
Country and city of receipt
Transfer amount
Currency of receipt (if different from the sending currency)
For some services, the recipient's phone number or email address may be required
The cost of a transfer can vary depending on the amount, chosen service, and delivery method. Online services like Wise often offer better exchange rates and lower fees than traditional banks.
Yes, most services provide a way to track the status of your transfer online or through a mobile app.
You will be provided with a tracking number that can be used to check the transfer status on the service's website or app.
