Can I send money from Egypt to a bank account in Lithuania?
Yes, many international money transfer services allow you to send money from Egypt directly to a bank account in Lithuania. You will usually need the recipient’s full name, bank name, IBAN, and sometimes the SWIFT/BIC code for Lithuania banks.
Can I transfer money in another currency?
Yes, most services allow you to transfer money in various currencies.
The exchange rate will be set by the service at the time of the transfer.
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.
Are there limits on how much I can send from Egypt to Lithuania?
Yes, most providers have limits on international transfers from Egypt to Lithuania. These limits may depend on the provider, the amount, and your identification level. For example, larger transfers from Egypt to Lithuania may require identity verification or proof of source of funds.
