How You Can Send Money to Ethiopia Securely

Information verified correct on December 6th, 2016

Ethiopia

Compare exchange rates and transfer options to find the cheapest transactions when you need to send money to Ethiopia.

Located in the Horn of Africa, Ethiopia boasts an intriguing archaeological history and is home to around 100 million people. If you ever want to send a money transfer from Australia to this landlocked African nation, there are plenty of ways to do so.

Before you choose a transfer method, however, it’s essential that you compare the options at your disposal to see which one is the most affordable.

Compare Money Transfer Services

Rates last updated December 6th, 2016
Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
WorldRemit International Money Transfers
An online money transfer service ... with cash pickup, bank account to bank account and airtime transfers available.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Transfer money into a range ... of currencies online and over the phone.
USD 500 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
Transferwise International Money Transfers
Make online transfers in a ... range of currencies and enjoy high maximum transfer amounts.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money between 20 currencies ... and enjoy scheduled regular transfers. No fee for transfers over US $5,000.
USD 100 2 days
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Travelex International Money Transfers
Get your foreign currency delivered ... to your home or pick up at a store.
USD 500 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
Currencies Direct International Money Transfers
$0 online transfer fee that ... you can access 24/7.
USD 100 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
USForex International Money Transfers
Take advantage of competitive exchange ... rates and cheap transfer fees.
USD 150 1 day
OnlinePhoneAgentInternational Money Order...
Rates are always
changing, click to check
your price today
Go to site More
MoneyGram International Money Transfers
Send money anywhere, from anywhere.
USD 1 Same day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
TorFX International Money Transfers
TorFX guarantee to beat any ... competitor's exchange rate for a transaction. Conditions apply
USD 100 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Western Union Money Transfers
Send money online to friends ... and family around the world with Western Union.
USD 1 Same day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More

Have we missed anything in the comparison table? Tell us

Banks versus money transfer companies

One convenient option when you need to send money overseas is to ask your bank to take care of the transaction. But while banks certainly present a convenient option when it comes to international money transfers, their services are far from affordable. Banks are known for their high transaction fees and terrible exchange rates, so you can usually find a cheaper option by looking elsewhere.

When hunting around for a provider to help you send money overseas, consider the services offered by specialist online money transfer companies. These companies trade in high volumes of foreign currency, allowing them to offer much better exchange rates than the banks. They also charge lower transaction fees, allowing you to save money whenever you send funds overseas.

Case Study: Anne Sends Money to Ethiopia

Anne’s friend Jonathan lives in Ethiopia and is in desperate need of money to pay for repairs to his car. Anne offers to send him $1,000 as quickly as she can, and she looks around to find a company that offers urgent cash transfers. Since her bank doesn’t support exotice currencies, she compares two specialist companies offer this service, she compares their exchange rates and fees to see which one offers the superior deal.

As you can see in the table below, Anne can save AUD $15 in transfer fees by using the second transfer company and also send an extra 6 ETB to Jonathan.

Money transfer company 1Money transfer company 2
Exchange rate1 AUD = 14.401 ETB1 AUD = 14.407 ETB
Transfer fee$40$25
Transfer methodCash pickup transferCash pickup transfer
Processing time10 minutes10 minutes
Amount received (in ETB)14,401 ETB14,407 ETB

Back to top

Questions I should ask myself when transferring and receiving money via Ethiopia

  • Exchange rates. What sort of exchange rates does the company offer? How do they compare to those offered by other providers?
  • Transaction fees. How much will you be charged in fees each time you send an international transfer? Can you avoid fees by sending a larger amount of money?
  • Transfer methods. Can you place transfers online, in a branch, over the telephone and/or through a mobile app?
  • Flexible options. Can you set up a regular payment schedule to save you time in the future? Can you place limit orders or forward contracts to secure a better deal?
  • Transfer time. How long will it take for the money to arrive to your recipient? Processing times typically range from a few minutes to several working days.
  • Minimum transfer amounts. Are there any minimum or maximum transfer limits that apply to each transaction? Will they regularly affect your transfer requirements?
  • Pickup options. Will the funds be available to be collected in cash, be sent to your recipient’s bank account or transferred in some other way?
  • Customer service. If something ever goes wrong with a transaction or you have a question about the company’s services, will you have quick and easy access to customer support?
Back to top

How do I send money to Ethiopia from Australia?

  • Specialist money transfer providers. Start researching now to find out which international money transfer providers allow you to send money to Ethiopia.
  • Cash pickup transfer companies. Western Union and MoneyGram are the two largest cash pickup transfer companies in the world.
  • Bank transfers. Bank transfers are a convenient option but are typically quite costly.
  • International cheques. An old-school transfer method is to post an international guaranteed cheque to your beneficiary.

How do I receive money from Ethiopia in Australia?

  • Specialist money transfer providers. Specialist online transfer companies offer better exchange rates and lower fees than the banks.
  • Cash pickup transfer companies. Choose a cash pickup transfer company that offers affordable transactions and a pickup location close to you.
  • Bank transfers. Bank transfers are another option when receiving money from Ethiopia, but shop around to see just how affordable they are.
  • International cheques. Check with your bank to find out how much it costs to cash an international cheque.
Back to top

Emergency cash transfers in Ethiopia

In certain circumstances you may need to send a cash transfer from Australia to Ethiopia as quickly as possible. If you find yourself in this situation, make sure you’re aware that emergency international cash transfers usually cost more than standard online transfers. Thanks to low exchange rates and increased fees, you’ll pay more for your transfer than you would in normal circumstances – so review the details and cost of your transaction before you hand over your money.

Back to top

Cash pickup locations in Ethiopia/ Western Union / MoneyGram branches in Ethiopia

Western Union and MoneyGram both operate substantial cash pickup transfer networks around the world. Some of their popular cash pickup locations in Ethiopia are listed below. If you’re picking up cash, make sure you have photo ID and a transaction reference number handy.

Western Union

Addis Ababa

  • Aba Mella Branch
    Hican BuildingUmmar Semetar Street Addis Ababa, 12947 +251-11-1557649Open 2am to 7pm Monday to Saturday
  • Abinet Branch
    Abinet Area Gibe Commercial Center Sub City Lideta P O Box 12947 Addis Ababa, +251-11-2781307Open 2am to 7pm Monday to Saturday

Dire Dawa

  • Allay Badey
    Around Ashewa AreaInfront Of Cigarettes Market Dire Dawa, 19963 +251-254-110532Open 12:40am to 3pm Monday to Saturday
  • CBE Dire Konnel
    Dire Dawa Location Konnel Dire Dawa, +251-251-113066Open 7am to 4pm Monday to Friday, 7am to 11am Saturday

MoneyGram

Addis Ababa

  • Awash Bank
    Around Addisu Gebeya Belay Zelek RoadAddis Ababa,111268100Open 8am to 7pm Monday to Saturday
  • OIB
    Addis Ababa911713598Open 8am to 6pm Monday to Saturday

Dire Dawa

  • CBE – Lege Oda
    Dire Dawa, 68252110327Open 8am to 7pm Monday to Thursday, 24 hours Friday to Sunday
  • CBE – Kefira
    Kefira AreaDire Dawa,251110115Open 8am to 6pm Monday to Saturday

Tips for picking up cash in Ethiopia

The Department of Foreign Affairs and Trade advises Australians to reconsider their need to travel to Ethiopia. If you wish to visit the country nonetheless and you need to pick up a cash transfer while there, keep the following tips in mind:

  • Only visit a transfer branch in an area where you feel safe
  • Keep your cash hidden – don’t display it in public
  • Take a friend along to provide extra security
  • Don’t carry a large sum of money around with you for any longer than is necessary
Back to top

What are the steps to send money to Ethiopia?

You’ll need to check the exact money transfer process with the transfer company you choose, but you will generally need to:

  1. Register for an account. Accounts are usually free to sign up for and you can do this online. You will need to supply your full name, contact information, proof of ID and bank account details.
  2. Enter your transaction details. The next step is to enter all the relevant transaction information, including how much money you’re sending and in what currency. You’ll also need to specify who will be receiving the transfer.
  3. Finalise the transaction. After reviewing the cost of your transaction, it’s time to finalise and submit your transfer request. Most companies also provide an online tracking service so that you know when your funds have been delivered.
Was this content helpful to you? No  Yes

US International Money Transfers Offers

Learn about our information service
WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

USForex International Money Transfers

Take advantage of competitive exchange rates and cheap transfer fees.

World First Foreign Exchange

Transfer money into a range of currencies online and over the phone.

Transferwise International Money Transfers

Make online transfers in a range of currencies and enjoy high maximum transfer amounts.

feedback