What information do I need to transfer money?
You will typically need:
Recipient's name and surname
Country and city of receipt
Transfer amount
Currency of receipt (if different from the sending currency)
For some services, the recipient's phone number or email address may be required
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.
Will the recipient in Russia need identification to receive money from Sao Tome and Principe?
Yes. If you're sending money from Sao Tome and Principe to Russia for cash pickup, the recipient in Russia must show a valid ID and sometimes the transaction number. This helps ensure that money sent from Sao Tome and Principe is securely delivered in Russia.
Are there limits on how much I can send from Sao Tome and Principe to Russia?
Yes, most providers have limits on international transfers from Sao Tome and Principe to Russia. These limits may depend on the provider, the amount, and your identification level. For example, larger transfers from Sao Tome and Principe to Russia may require identity verification or proof of source of funds.
