Send Money to Egypt Securely

Information verified correct on December 6th, 2016

With growing numbers of Egyptian nationals taking up sendmoneytoegyptresidence in Sydney and Melbourne comes a growing need to find a secure means of transferring cash.

Businesses in both Australia and Egypt are benefiting from the exchange of goods between the two countries. In the first six months of 2014 there was a trade volume between them of close to $300 million US Dollars (USD), showing that exporting and importing between the countries is on the rise.

A growing trade volume coupled with the close to 37,000 Egyptian nationals living and working in Australia makes it important for them to find secure means of transferring money from Australia to Egypt.

Compare money transfer services that transfer to Egypt

Rates last updated December 6th, 2016
Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Western Union International Money Transfers
Send money online to friends ... and family around the world with Western Union.
AUD 1 Same day
OnlinePhoneCash TransferAgentInternational Money Order...
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AUD 200 1 day
OnlinePhoneAgent
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Case study: Money transfer companies versus banks

In Egypt, Ahmed’s family owns a well known carpet company that exports a large volume of its products to Australia. His father would like Ahmed to relocate to Sydney and open a second store in the city.

One concern the family has is transferring the profits back to Egypt to continue supporting the family business. To find the solution, Ahmed decides to compare a few options using a base amount of $1,000 Australian Dollars (AUD) to see how that translates to USD.

Money transfer company
Company 1Company 2
Rate of exchange$1.00 AUD = $0.79 USD$1.00 AUD = $0.79 USD
Fees$25.00 AUD$23.00 AUD
Amount received$749.92 USD$789.68 USD
Turnaround timeIn minutes10 minutes
Options for the transferCash pick-upCash pick-up
Difference in value+ $5.24 USD
Bank

HSBC, an international banking institution, operates within both Australia and Egypt. HSBC Premier customers can transfer money between accounts in different countries the same or next day for no fee. This service is available online 24 hours a day, seven days a week. Ahmed’s family may be able to benefit from this service by opening an additional account with HSBC in Australia.

Ahmed and his family can get this service either with linked business or personal banking accounts. The daily limit for money transfers using linked HSBC accounts is $500,000 USD. If they were to transfer the money from Australia to Egypt using a different bank in Egypt, the maximum amount would be limited to $50,000 USD daily and the transaction would be subject to other fees.

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How to compare transfer companies when transferring money to Egypt?

Egypt does have its own currency, the Egyptian Pound (EGP), banks and money transfer companies only convert to USD which is, however, a widely accepted currency in Egypt. Other points to note when doing a comparison were:

  • Rate of exchange. The difference may only be small decimals but this is something that would not be noticed until a comparison is done using a large Australian dollar amount.
  • Fees. These will vary depending on how much is sent. For example, with the second money transfer company looked at in the case study above, the fee increased to $28 AUD when sending $2,000 AUD.
  • Transfer methods. Some transfer companies will allow you to use a credit card and complete the transaction online while others will require that you go to an agency in order to send money to Egypt from Australia.
  • Pick up. In this case, only cash pick up methods are permitted.
  • Turnaround time. The transfer will only take a few minutes making it an ideal solution for emergency situations.
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How to send money to Egypt from Australia?

It might be difficult to find a bank that will transfer money to Egypt, or convert it the EGP, but you will find that the following companies will transfer money but it will be in USD:

  • MoneyGram. They offer a cash pick up service of USD when sending money to Egypt.
  • Western Union. The transaction can be completed by the sender online, using a credit or debit card as payment. Cash pick up is the only option for the beneficiary and it will be in USD.
  • PayPal. An online account can be used to transfer money from Australia to Egypt, with a percentage of the transaction amount charged as a fee.
  • World First Foreign Exchange. With an online account set up, you can send money to Egypt and pay from your debit or credit card.
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Emergency cash transfers in Egypt

If you are in Egypt on holiday and have had your wallet stolen or lost your cash, there are a few options for you to receive emergency money:

  • Travel insurance. It is recommended that you always purchase insurance cover when travelling abroad. In many cases the policy covers replacing lost or stolen cash. Just be prepared to file a claim by holding on to any police reports or other documentation.
  • Cash transfer company. So long as you still have your picture identification you will be able to have money wired to you from Australia to an agent in Egypt.
  • Credit card insurance. Many credit card companies will also have insurance for international travel costs that may allow for them to send you cash in an emergency.
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Cash pickup locations in Egypt, branches for Western Union and MoneyGram

Listed below are the addresses and phone numbers for pick up agents in Egypt for Western Union and MoneyGram. Note - that these types of businesses close on Fridays and Saturdays.

Western Union

  • Cairo

    AAIB Maadi BranchRoad No 9 Maadi Palace Building Station Square

    Cairo, Cairo

    +002-16430

    Open 8:30am to 5pm Sunday through Thursday, closed on Fridays and Saturdays.

  • AAIB Maadi Laselky

    4/1 Laselki St.- new Maadi-cairo Near to Palestine SquareCairo

    +002-16430

    Open 8:30am to 5pm Sunday through Thursday, closed on Fridays and Saturdays.

  • Ismalia

    Bank of Alexandria Ismailia25 Khaled Ibn El Waleed St.

    Ismailia, Ismailia

    +20-64-3912461

    Open Sunday through Thursday 8:30am to 6pm, closed on Friday and Saturday.

  • 3 Abdelmonem Omara St. Elbalaj

    Belagat Road beside Roudy RestIsmailia, Ismailia

    +20-64-3920410

    Open 7am to 11:30pm Saturday through Thursday, 1am to 11:30pm Fridays

MoneyGram

  • Cairo

    BDC – El Korba

    16 Baghad St. El Korba Masr El Gedida

    Cairo

    +224-178645

    Open Sunday through Thursday 8:30am to 2pm, Friday and Saturday closed.

  • Banque Du Caire – El Sherouq

    2 A El Sheouq City El Hai Thanimegawra

    Abdel Kadar Helmy Street From El Mashtal Street in front of Cairo

    +226-878011

    Open Sunday through Thursday 8:30am to 2pm, Friday and Saturday closed.

  • Banque Du Caire – Ismailia

    7 Farid Nada St.

    Ismailia

    +239-14613

    Open Sunday through Thursday 8:30am to 3pm, Friday and Saturday closed.

  • Banque Du Caire – Suez

    1 Tahrie & Nahda Street

    Suez

    +233-39106

    Open Sunday through Thursday 8:30am to 3pm, Friday and Saturday closed.

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Tips for picking up cash in Egypt

You should always plan ahead when going to an agent to pick up cash in Egypt. The Department of Foreign Affairs and Trade (DFAT) does not recommend Australians travel to this nation for holiday. Practice a high level of caution and secure a reliable and trustworthy means of transportation to get you to and from the agency safely.

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How to send money to Egypt

Keeping in mind that pick up will not be easy on a Friday or Saturday, choose when you are going to send money to Egypt around that schedule. You are also going to need the following information:

  • Recipient name. Make sure that it is an exact match to how their name appears on their identification.
  • Address. The physical address of the person who is to receive the money.
  • Phone number. A number where the recipient can be reached.
  • Identifying question. In some cases you may be able to supply a question that the recipient must be able to respond to correctly before they can pick up the cash.

You will be given a special tracking number that needs to be shared with the person you are sending the money to in Egypt. You will also have to let them know the exact amount and your location.

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