What is the cheapest way to transfer money?
The cost of a transfer can vary depending on the amount, chosen service, and delivery method. Online services like Wise often offer better exchange rates and lower fees than traditional banks.
Can I send money from Guinea-Bissau to Spain on weekends or holidays?
Yes, you can initiate a transfer from Guinea-Bissau to Spain anytime, including weekends and public holidays. However, depending on the service, delivery to Spain may be delayed until the next business day, especially for bank transfers.
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.
Can I cancel a money transfer from Guinea-Bissau to Spain after it's sent?
Yes, in most cases, you can cancel a money transfer from Guinea-Bissau to Spain if the funds haven't yet been received in Spain. To do so, contact the provider's support team in Guinea-Bissau or use their app/website. Keep in mind that some services may charge a cancellation fee for transfers between Guinea-Bissau and Spain.
