Top pick for
The best way to send money to Ethiopia depends on your transfer needs. Because the Ethiopian birr is considered an exotic currency, fewer providers will send it for you. Low fees make Ria a top pick for small transfers, while CurrencyTransfer offers similar benefits for larger amounts. Look to Remitly for fast turnaround and MoneyGram for cash transfers. Compare digital providers to save money when you send money to Ethiopia.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
While you’ll be tempted to visit your bank for a wire transfer to Ethiopia, a reputable money transfer service can typically offer better exchange rates, lower fees and faster delivery — often without you having to leave your home.
Banks don’t often publish exchange rates, but you can sometimes find the rate you’ll receive by logging in to your online bank account.
Anne’s friend Jonathan lives in Ethiopia and is in desperate need of money for repairs to his car. Anne offers to send him $1,000 as quickly as she can, comparing transfer companies that offer fast transactions for an affordable rate. Since her bank doesn’t support exotic currencies, she compares two specialist companies who do.
|Online transfer provider 1||Online transfer provider 2|
|Exchange rate||1 USD = 22.9 ETB||1 USD = 22.9705 ETB|
|Transfer speed||15 minutes||In minutes|
|Transfer options||Cash pickup||Cash pickup|
|Total ALL received||22,900 EBT||22,9705 EBT|
Both transfer providers offer similar exchange rates and transfer speeds. Online transfer provider two will get Jonathan 705 more birr, but the transfer will cast Anne a steep $81 in transfer fees.
By comparing a few elements of your transfer, you can ensure that you get the cheapest deal for your needs.
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country Ethiopia has a flexible exchange rate, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
When you use a reputable provider, your funds are safely tracked until in the hands of your recipient. There are federal protections in place that require banks, credit unions and money transfer companies to, for example, disclose all fees upfront and give you 30 minutes to cancel a transfer, assuming it hasn’t yet been picked up or deposited.
Whether picking up funds in Nazret or anywhere else around the world, take a few simple safety precautions to prevent yourself becoming a target for thieves.
You might need to send an emergency cash transfer to Ethiopia — for example, if a friend traveling through the country loses their wallet. When you need to transfer funds urgently, your fastest possible transfer will often be your most expensive option. Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.Back to top
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