Send money to Eritrea

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3 best ways to send 2000 USD from the US to Eritrea

TransferWise
Recipient gets: 29776.59 ERN
Rate: 15.075,
Fees: 24.77 USD
Speed:
3 days
Payment options:
Bank account
Receive options:
Bank account
CurrencyFair
Recipient gets: 29752.78 ERN
Rate: 14.87639,
Fees: 0 USD*
First 10 transfers are fee-free
Speed:
2 days
Payment options:
Bank account Debit card
Receive options:
Bank account
PaySend
Recipient gets: 29743.55 ERN
Rate: 14.88666,
Fees: 2 USD
Speed:
Instantly
Payment options:
Bank account Debit card
Receive options:
Bank account Debit card

3 cheapest ways to send 2000 GBP from the UK to Eritrea

TransferWise
Recipient gets: 41794.29 ERN
Rate: 21.0764,
Fees: 17.01 GBP
Speed:
3 days
Payment options:
Bank account PISP
Receive options:
Bank account
Azimo
Recipient gets: 41793.88 ERN
Rate: 20.89694,
Fees: 0 GBP*
First 2 transfers are fee-free
Speed:
A few minets
Payment options:
Bank account Debit card Credit card
Receive options:
Bank account Cash Pickup
EasySend
Recipient gets: 41790.30 ERN
Rate: 20.91596,
Fees: 1.99 GBP
Speed:
1-2 days
Payment options:
Bank account Debit card Credit card
Receive options:
Bank account Debit card Mastercard

3 easiest ways to send 2000 CAD from Canada to Eritrea

TransferWise
Recipient gets: 23557.17 ERN
Rate: 11.9208,
Fees: 23.86 CAD
Speed:
3 days
Payment options:
Bank account
Receive options:
Bank account
CurrencyFair
Recipient gets: 23538.34 ERN
Rate: 11.76917,
Fees: 0 CAD*
First 10 transfers are fee-free
Speed:
2 days
Payment options:
Bank account Debit card
Receive options:
Bank account
PaySend
Recipient gets: 23519.25 ERN
Rate: 11.77729,
Fees: 3 CAD
Speed:
Instantly
Payment options:
Bank account Debit card
Receive options:
Bank account Debit card

Best way to transfer money to Eritrea

In Eritrea, cash is king. Unlike most other countries, the Eritrean banking sector is generally a government monopoly, with three state-owned banks. With no international banks operating in Eritrea, interbank transfers are cumbersome and unpopular. When sending money to Eritrea, there are many cash transfer methods to choose from, including credit and debit card services, as well as international money transfer services. That said, sending cash to Eritrea is a pretty straightforward affair when you have picked your favorite remittance method. However, its important to note that you need to first convert your money to nakfa, Eritrean national currency.

How to send money to Eritrea

Before you settle on any cash remittance service, here are a few steps to help you get the best deal.

  1. Check the foreign exchange rates. Because forex rates fluctuate on a daily basis, its advisable to always check when the rates are at their lowest. This way, you send more money to your recipients.
  2. Compare remittance companies. There are many options to wire cash to Eritrea. From cash pick up agents, to online remittance services, you'll need to compare as many services as possible to settle on the one that suits you best. All the available cash transfer methods have different commissions, charges, fees, and rates so you save up on costs when you do a thorough comparison.
  3. Pick the service that suits your needs. While some international remittance services are cheap, others are expensive. In the same light, some will be faster than others. Is it speed, reliability or low costs that you're looking for? Choose accordingly. Once you've narrowed down your search for the best method to wire money to Eritrea, you're almost on your way to sending money to Eritrea. All you need is to sign up with the service youve selected, to initiate the cash remittance process. Remember, most services need a proof of address and an identification document.

Which service to use

The service you use really depends on your needs. Do you need to send cash urgently? Are you shopping for the cheapest or easiest method to send money to Eritrea?  For emergency cash remittance, the tried and tested remittance agents with pick up points in Eritrea are a good bet. Online transfer services are usually the cheapest compared to other services like bank transfers.  These include TransferWise, WorldRemit, and Xoom by Paypal. Other popular options are Ria, Skrill, Azimo, TransferGo, Western Union and Remitly. For some remittance companies, a flat fee applies. Others charge a percentage of the amount to be transferred.

How much does it cost?

Naturally, anyone remitting cash to Eritrea would like to use the cheapest cash transfer option. This way, you're sure that the recipient gets more cash at low costs, which is considered value for money. Forex rates, cash transfer fees and agency commissions can pile up quite fast especially when sending bulk cash, so it's always a good practice to thoroughly compare remittance services to get the ones with the best overall rates.

Our advantages

Our money remittance comparison tool comes in handy for anyone wishing to transfer cash at the lowest costs. Given the many money transfer comparison tools out there, we stand out because of the following;

  • We only present to you companies with the lowest rates and no hidden charges
  • All companies featured in our website are legit.
  • We are trusted by millions of people

FAQ

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Popular destinations for transfers to Eritrea