What are the advantages and disadvantages of using a SWIFT bank transfer?
Advantages: Large amounts can be transferred securely.
Disadvantages: Longer processing time (several days), high fees from both sending and receiving banks.
What fees does Wise (TransferWise) charge for transferring money to Brazil?
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.
Will the recipient in Brazil need identification to receive money from Gabon?
Yes. If you're sending money from Gabon to Brazil for cash pickup, the recipient in Brazil must show a valid ID and sometimes the transaction number. This helps ensure that money sent from Gabon is securely delivered in Brazil.
Can I send money from Gabon to a bank account in Brazil?
Yes, many international money transfer services allow you to send money from Gabon directly to a bank account in Brazil. You will usually need the recipient’s full name, bank name, IBAN, and sometimes the SWIFT/BIC code for Brazil banks.
