Compare money transfers to Ethiopia

The Best Services to Transfer Money to Ethiopia

Did you know that Ethiopians in the diaspora remit almost one billion dollars to the country every year? Because of the rising need for remittance options, several money transfer operators are now offering their services in sending your funds to Ethiopia. We are here to help you select the best services to transfer money from the wide variety of online e-transfer services available

How To Easily Process a Money Transfer to Ethiopia from abroad?

Over the years, a lot has changed about transferring money from outside the country. First, the dependence on banks which were expensive and slow has reduced. E-transfers make the process cheaper, more efficient with more transparent fees and exchange rates. Here is how to process money transfer to Ethiopia with an e-transfer service

1. On our website, use our tool to select your preferred money transfer operator. By simply entering the country you’re sending from, and your destination country as Ethiopia, we will generate for you the highest-rated operators ranked by cost, time, and exchange rates.
2. Once you’ve selected a transfer vendor, navigate to their website. If you do not hold an account with them, open one. Opening an account is easy and fast. To complete setting up your account, you may need to provide your bank account number or credit card details.
3. You are ready to make a transfer. Select the operator’s ‘send money’ option. Input Ethiopia as the country to remit funds to. You will be requested for the receiver’s details. Correctly enter their official names, mobile phone number, physical address and bank account number or pick-up point.
4. To complete the transaction, you will need to authorize a transfer from your own bank to the receiver’s digital wallet. After the transaction time has elapsed, confirm they have got the funds.

This is an easy process that can be completed in as little as an hour.

Which service should you use to send money to Ethiopia?

Select a money transfer operator based on how cheap, efficient and transparent they are. Considering there are more than 10 providers remitting money to Ethiopia from across the globe, e-transfers present the easiest way to wire money to Ethiopia. Western Union and MoneyGram have been dominant in the country for many years. However, upcoming services such as Transferwise, Remitly, Transfast, WorldRemit, and Skrill are proving just as competitive and popular. Some considerations to make when choosing the service to use is whether they deliver to a digital mobile wallet, local bank or a cash pick-up point.

How much does it cost to wire money to Ethiopia?

How much you spend depends on the service you use for money transfer to Ethiopia. You may choose a faster transfer at a slightly higher fee, or a transfer taking one or two business days but costing less. The amount to transfer also impacts on the cost based on the money transfer operator’s pricing model.

Why use our comparison tool?

With our tool, you can quickly find the cheapest way to send money. We list all companies’ fees up-front. We’ve taken the time to analyze thousands of TrustPilot reviews and ratings so we rank the best vendors at the top. Occasionally, we partner with services to win you great discounts on transaction fees.