Do I need a bank account in Mexico to send money to Eritrea?
Not necessarily. Many international services operating in Mexico offer cash transfers to Eritrea, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from Mexico to Eritrea, an account will be required.
Are there limits on how much I can transfer?
Yes, each service has its own limits on the transfer amount.
You can find information about the limits on the service's website or app.
Will the recipient in Eritrea need identification to receive money from Mexico?
Yes. If you're sending money from Mexico to Eritrea for cash pickup, the recipient in Eritrea must show a valid ID and sometimes the transaction number. This helps ensure that money sent from Mexico is securely delivered in Eritrea.
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.
