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