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