Can I send money from Ethiopia to a bank account in The Philippines?
Yes, many international money transfer services allow you to send money from Ethiopia directly to a bank account in The Philippines. You will usually need the recipient’s full name, bank name, IBAN, and sometimes the SWIFT/BIC code for The Philippines banks.
Can I cancel a money transfer from Ethiopia to The Philippines after it's sent?
Yes, in most cases, you can cancel a money transfer from Ethiopia to The Philippines if the funds haven't yet been received in The Philippines. To do so, contact the provider's support team in Ethiopia or use their app/website. Keep in mind that some services may charge a cancellation fee for transfers between Ethiopia and The Philippines.
Are there limits on how much I can transfer?
Yes, each service has its own limits on the transfer amount.
You can find information about the limits on the service's website or app.
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.
