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