Can I transfer money in another currency?
Yes, most services allow you to transfer money in various currencies.
The exchange rate will be set by the service at the time of the transfer.
Do I need a bank account in Lebanon to send money to The United Kingdom?
Not necessarily. Many international services operating in Lebanon offer cash transfers to The United Kingdom, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from Lebanon to The United Kingdom, 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.
Will the recipient in The United Kingdom need identification to receive money from Lebanon?
Yes. If you're sending money from Lebanon to The United Kingdom for cash pickup, the recipient in The United Kingdom must show a valid ID and sometimes the transaction number. This helps ensure that money sent from Lebanon is securely delivered in The United Kingdom.
