Are there limits on how much I can send from Madagascar to Spain?
Yes, most providers have limits on international transfers from Madagascar to Spain. These limits may depend on the provider, the amount, and your identification level. For example, larger transfers from Madagascar to Spain may require identity verification or proof of source of funds.
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.
Is it safe to transfer money online?
Reputable money transfer services use advanced security technologies to protect your data and funds. Make sure you use the official website of the chosen service.
Can I cancel a money transfer from Madagascar to Spain after it's sent?
Yes, in most cases, you can cancel a money transfer from Madagascar to Spain if the funds haven't yet been received in Spain. To do so, contact the provider's support team in Madagascar or use their app/website. Keep in mind that some services may charge a cancellation fee for transfers between Madagascar and Spain.
