Services and Companies You Can Use to Send Money to Egypt

Information verified correct on December 5th, 2016

shutterstock_102914501Do you want to make a payment to someone in Egypt? Is this is your first transfer, or are you looking to see if you can get a better deal? You’ve come to the right place.

We compare the different money transfer companies and services you can use to send money to Egypt so you can find the best deal for you.

Case study: Banks versus money transfer companies

You can use the overseas telegraphic services of your bank to send money to Egypt; however, you may not be able to find the rate of exchange until you log into your internet banking facility.

Rates last updated December 5th, 2016
Description Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
TorFX International Money Transfers
TorFX International Money Transfers
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply NZD 200 1 day Online, Phone, Agent Go to site More
Exclusive: CurrencyFair International Money Transfers
Exclusive: CurrencyFair International Money Transfers
Exclusive offer: 3 Free transfers (after your first transfer)
A peer-to-peer transfer service with a large range of currencies on offer.
NZD 5 2 days Online Go to site More
Currency Online International Money Transfers
Currency Online International Money Transfers
Is committed to save money whenever you make a purchase or sale involving foreign currency. Highly competitive exchange rates and low or zero fees. NZD 0 2 days Online, Phone Go to site More
Currencies Direct International Money Transfers
Currencies Direct International Money Transfers
$0 online transfer fee that you can access 24/7. NZD 100 2 days Online, Phone Go to site More
Currency Solutions
Currency Solutions
Send money overseas for a range of reasons, including regular payments and buying overseas property. 97% Trustpilot score. NZD 3,000 2 days Online, Phone, Bank Account to Bank Account Go to site More

Have we missed anything in the comparison table? Tell us

Furthermore, some companies can send USD and not EGP. The below table shows the differences between international payment service providers.

Money Transfer Company 1Money Transfer Company 2Money Transfer Company 3
Exchange rateN/A$1 NZD = 0.656837US Dollar$1 NZD  = 5.10684 EGP
Transfer fee$18 NZD$74.00 NZD$3.99 NZD
Amount received for $1,000NZD (in Egyptian pounds)  N/A$656.84 USD5106.84 EGP
Transfer time2 – 6 business daysMinutes2 – 3 business days
Transfer optionsBank depositCash collectionBank deposit
Difference ofN/AN/AN/A

Current: 26/02/16 11.00AM

How do I compare transfer companies?

Compare money transfer companies by the following features when you’re looking at different quotes.

  • Exchange rate. Look to see whether the provider can exchange NZ dollars to Egyptian pounds, next, compare the rate of exchange between the two currencies. Be wary of no transfer fee offers as this charge can be included in an inflated exchange rate margin.
  • Transfer fee. Compare the transfer fee if there is one. You may be able to get a first transfer free deal or the transfer fee can be waived all together for transactions over a certain size.
  • Transfer time. How long will it take for the funds to clear in an  Egyptian bank account or how long before cash can be picked up from an Egyptian cash collection agent, the transfer time is determined by how you pay and how you want the money to be sent and delivered to Egypt.
  • Collection options. Less than a handful of money transfer companies can send a cash payment to collect in person in Egypt, most companies allow you to send money to a Egyptian bank account.
  • Payment options. Cash, debit and credit card payments clear almost instantly. If you pay for your transfer by bank account deposit, it can take days longer for the transfer to clear.
  • Transfer options. All providers allow you to make a spot payment (an international money transfer conducted now); however, a fewer number of companies which you can use to send money to Egypt also offer services such as limit orders, forwards contracts and recurring payments.
  • Transfer limits. Minimum and maximum transfer limits apply; however, this should be a consideration if you want to make a payment of less than $100 or more than $3000 to Egypt.
  • Customer service. Does the company have a New Zealand based customer service team you can contact if you have a problem with your transfer. Also, what is the provider’s policy towards cancellations and refunds.
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How do I send money to Egypt from New Zealand

The following information applies to the different ways you can send money to Egypt.

Banks

Your bank offers an overseas telegraphic wire service you can use to send money to Egypt. For online payments, create a new international beneficiary from within the overseas payments menu.

Enter these details about the payee: Their name, IBAN, BIC or SWIFT code. You may also be required to enter the payee’s bank branch address.

Online money transfer companies

These companies can deposit funds in a Egyptian bank account.

  • TorFX. TorFX provide a range of transfer services and can offer a best rate guarantee exchanging NZD to EGP.
  • Worldfirst. Worldfirst apply a small margin to the market rate and charge a flat transfer fee for transactions under $10,000.
  • OFX. OFX provide a better rate than the banks and services and features for making one off and regular trades between NZD and EGP.
  • Compass Global Markets. Compass Global Markets are a FX services provider based on Australia’s East coast.
  • Worldremit. Worldremit can transfer funds to an Egyptian bank account a day after your payment clears. You can also send mobile credit to a phone in Egypt via Worldremit.
  • PayPal. PayPal are a leading international payment service. Low fees make this a popular option for small payments. Both the sender and the receiver need to have a PayPal account.
  • 1st Contact Forex. 1st Contact Forex can assist with more than on-the-spot money transfer to Egypt.  

International cash payment services

Compare international cash payment providers such as Western Union or MoneyGram if you need to get cash to Egypt in an instant.

  • Western Union.  Western Union Egyptian cash collection options can include banks and foreign exchange offices.
  • MoneyGram. MoneyGram can deliver cash to Egypt in minutes. MoneyGram are partnered with a number of major Egyptian banks and has a presence throughout the country.
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How do I receive money from Egypt in New Zealand?

Follow these steps to receive a payment from Egypt in New Zealand.

Bank deposit

Provide your personal and bank details to the sender to receive money in your bank account from Egypt.

  • Your bank or financial institution’s name
  • Your account name
  • Your account number
  • Your address
  • Your financial institution’s SWIFT code.

New Zealand law requires the sender to provide personal and financial details to make an international payment to New Zealand, including: their full name, account number, address or identification number.

Cash collection

Cash payments can be collected by showing your identification to the cash collection agent as well as the password or reference number for the transaction.

PayPal

An overseas party can send money to your PayPal account by searching for you using your mobile number or email address. Funds must be transferred to a bank account before the money can be withdrawn.

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Emergency cash transfers in Egypt

Consider the following options if you need to get cash to Egypt in an emergency.

  • Travel insurance. Refer to your travel insurance product disclosure statement for an overview of the benefits you’re entitled to receive. Insurers may be able to provide an emergency cash benefit in some situations.
  • Emergency cash assistance. Your card scheme, i.e. Visa or MasterCard can issue emergency cash if your credit or debit card is lost or stolen. This request can take up to a day to process and money can usually be collected from a local bank.
  • International cash payment. A tried and tested means of getting cash to the furthest reaches of the globe at any time of the day. Western Union and MoneyGram have thousands of cash collection agents in Egypt between them. For a hefty transfer fee, cash can be sent from New Zealand to Egypt in just minutes.
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Cash pickup locations in Egypt / Western Union / MoneyGram branches in Egypt

Western Union and MoneyGram are partnered with Egyptian banks and foreign exchange business  throughout the country.

Western Union

Cairo

  • Aaib Maadi Branch
    Road 9. Maadi Palace Buildin, Station Square Cairo, Cairo
    Open Monday to Thursday 8:30am to 6:00pm
    Open Sunday 8:30am to 6:00PM
  • Bank of Alexandria Agouza
    106 El Nil St Giza, Giza
    Open Monday to Thursday 7:30am to 7:30pm
    Open Sunday 7:30am to 7:30pm

Giza

  • Bank of Alexandria Giza
    511 El Ahram St Nasr Building Giza Square, Giza
    Open Monday to Thursday 7.30am to 7.30pm
    Open Sunday 7:30am to 7:30pm
  • Aaib N R C Branch
    National Research Centre El Be Dokki Giza
    Open Monday to Thursday 8:30am to 6:00pm
    Open Sunday 8:3am to 6:00pm

MoneyGram

Alexandria

  • Banque Du Caire Alexandria
    1 Hagar El Nawatiya Street Bakous, Alexandria
    Open Monday to Thursday 8:30am to 3:00pm
    Open Sunday 8.30am to 3.00pm
  • The United Bank
    34 El Geish Street Tanta, Alexandria
    Open Monday to Thursday 8.00am to 5.00pm
    Open Sunday 8.00am to 5.00pm

Port Said

  • Banque Du Caire Port Said
    31 Gomhouria Street, Port Said
    Open Monday to Thursday 8:30am to 3:00pm
    Open Sunday 8:30am to 3:00pm
  • The United Bank 
    Horreya Street, Dekernes, Port Said
    Open Monday to Thursday 8:00am to 5:00pm
    Open Sunday 8:00am to 5:00pm
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Tips for picking up cash in Egypt

Due to political unrest and regional tensions, government advisory publication, safetravel.govt.nz warms against travel to areas of Egypt which present an extreme and high risk of danger to New Zealand nationals and other foreigners. Areas to avoid include: Sinai Peninsula, areas within 50km of the Egyptian and Libyan border and Siwa Oasis. Instances of crime, both petty and violent have been on the rise since the start of the Egyptian political unrest. Travel in a group if you’re concerned about picking up cash in Egypt. Consider talking to your hotel if you’re travelling solo.

What are the steps to send money to Egypt?

Banks.Log on to your online banking platform to send money to Egypt using your bank’s overseas payment service. You can also send money to Egypt over the phone or at a branch. In your internet banking menu, look for the overseas payments option, and add a new international beneficiary if this is your first payment to Egypt. You can create a new beneficiary using the information provided in the ‘How to Send Money to Egypt’ section of this article. You may need to enter an online verification code or activate international payments functionality depending on your bank’s online security settings.

Non-banks

You will need to register for a free account to use the services of any of the other money transfer companies we have listed on this page. You can do this in under 10 minutes by completing an online registration form. Provide the following information to complete the registration process.

  • Your personal details
  • Your contact details
  • Your identification (you may be required to send a copy of your passport or utility bill)

You will receive a tracking number after you confirm and pay for the transfer. This number can be used to monitor the status of payment.


If you have a question about any of the services listed on this page, ask us a question. We can help you compare money transfer companies you can use to send money to Egypt.

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