Will the recipient in Spain need identification to receive money from Bahrain?
Yes. If you're sending money from Bahrain to Spain for cash pickup, the recipient in Spain must show a valid ID and sometimes the transaction number. This helps ensure that money sent from Bahrain is securely delivered in Spain.
Can I send money from Bahrain to Spain on weekends or holidays?
Yes, you can initiate a transfer from Bahrain to Spain anytime, including weekends and public holidays. However, depending on the service, delivery to Spain may be delayed until the next business day, especially for bank transfers.
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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.