How to calculate taxes on foreign payments?
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.
What fees does Wise (TransferWise) charge for transferring money to Indonesia?
Wise's fees depend on the transfer amount and chosen payment method. You can calculate the exact cost of your transfer on their website before making a transaction.
Are there limits on how much I can send from Benin to Indonesia?
Yes, most providers have limits on international transfers from Benin to Indonesia. These limits may depend on the provider, the amount, and your identification level. For example, larger transfers from Benin to Indonesia may require identity verification or proof of source of funds.
Do I need a bank account in Benin to send money to Indonesia?
Not necessarily. Many international services operating in Benin offer cash transfers to Indonesia, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from Benin to Indonesia, an account will be required.
