Do I need a bank account in Chile to send money to Germany?
Not necessarily. Many international services operating in Chile offer cash transfers to Germany, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from Chile to Germany, an account will be required.
Will the recipient in Germany need identification to receive money from Chile?
Yes. If you're sending money from Chile to Germany for cash pickup, the recipient in Germany must show a valid ID and sometimes the transaction number. This helps ensure that money sent from Chile is securely delivered in Germany.
When sending money from Chile to Germany, you can typically pay using a bank card issued in Chile, a bank account transfer, or cash at a local agent location. The available payment methods may vary depending on the service you choose to transfer money to Germany.
Yes, many international money transfer services allow you to send money from Chile directly to a bank account in Germany. You will usually need the recipient’s full name, bank name, IBAN, and sometimes the SWIFT/BIC code for Germany banks.
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.
