Do I need a bank account in Somalia to send money to Lithuania?
Not necessarily. Many international services operating in Somalia offer cash transfers to Lithuania, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from Somalia to Lithuania, an account will be required.
Can I send money from Somalia to a bank account in Lithuania?
Yes, many international money transfer services allow you to send money from Somalia directly to a bank account in Lithuania. You will usually need the recipient’s full name, bank name, IBAN, and sometimes the SWIFT/BIC code for Lithuania banks.
How much is the commission for your service?
We do not charge any commission from the users of our system.
What are the advantages and disadvantages of using a SWIFT bank transfer?
Advantages: Large amounts can be transferred securely.
Disadvantages: Longer processing time (several days), high fees from both sending and receiving banks.
