Do I need a bank account in Puerto Rico to send money to Armenia?
Not necessarily. Many international services operating in Puerto Rico offer cash transfers to Armenia, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from Puerto Rico to Armenia, an account will be required.
Can I send money from Puerto Rico to a bank account in Armenia?
Yes, many international money transfer services allow you to send money from Puerto Rico directly to a bank account in Armenia. You will usually need the recipient’s full name, bank name, IBAN, and sometimes the SWIFT/BIC code for Armenia banks.
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.
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