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