Can I send money from Guinea to a bank account in Lithuania?
Yes, many international money transfer services allow you to send money from Guinea 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 cancel a money transfer from Guinea to Lithuania after it's sent?
Yes, in most cases, you can cancel a money transfer from Guinea to Lithuania if the funds haven't yet been received in Lithuania. To do so, contact the provider's support team in Guinea or use their app/website. Keep in mind that some services may charge a cancellation fee for transfers between Guinea and Lithuania.
Do I need a bank account in Guinea to send money to Lithuania?
Not necessarily. Many international services operating in Guinea offer cash transfers to Lithuania, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from Guinea to Lithuania, an account will be required.
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.
