shutterstock_102914501

Services and Companies You Can Use to Send Money to Egypt

Do 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 have 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 13th, 2017
Name Product Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received Description
TorFX International Money Transfers
NZD 200
1 day
Online, Phone, Agent
TorFX guarantee to beat any competitor's exchange rate for a transaction
Conditions apply
Exclusive: World First International Money Transfers
NZD 2,000
2 days
Online, Phone, Agent
Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.
Exclusive: OFX (Ozforex) International Money Transfers
NZD 250
1 day
Online, Phone, Agent
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
Compass Global Markets International Money Transfers
NZD 1,000
1 day
Online, Phone
Send money overseas in at least 140 currencies.
Currency Solutions International Money Transfers
NZD 3,000
2 days
Online, Phone, Bank Account to Bank Account
Send money overseas for a range of reasons, including regular payments and buying overseas property. 97% Trustpilot score.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

Compare up to 4 providers

Can’t find what you’re looking for? Have a TorFX currency expert contact you for free

Enter your details to speak to a foreign exchange expert

By submitting this form, you agree to finder.com.au privacy policy
TorFX Logo

Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

They can help you with all your needs including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

Furthermore, some companies send US dollars (USD) and not Egyptian pounds (EGP). The table below shows the differences between international payment service providers.

Money Transfer Company 1Money Transfer Company 2Money Transfer Company 3
Exchange rateN/ANZD$1 = USD$0.656837NZD$1 = EGP£5.10684
Transfer feeNZD$18NZD$74.00NZD$3.99
Amount received for $1,000NZD (in Egyptian pounds) N/AUSD$656.84 EGP£5106.84
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 using the following features when you are 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 may 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 may be waived completely 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. There are only a handful of money transfer companies that send cash payments, that can be collected in person, to Egypt. Most companies allow you to send money to an Egyptian bank account.
  • Payment options. Cash, debit and credit card payments clear almost instantly. If you pay for your transfer by a bank account deposit, it can take far longer for the transfer to clear.
  • Transfer options. All providers allow you to make spot payments (an international money transfer conducted now). However, only a few companies also offer services such as, limit orders, forwards contracts and recurring payments.
  • Transfer limits. Minimum and maximum transfer limits apply, so make sure you take this into 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 concerning cancellations and refunds.

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 will offer an overseas telegraphic wire service that enables you to send money to Egypt. For online payments, you can create a new international beneficiary, from within the overseas payments menu.

You will need to provide these details about the payee: Name, IBAN, BIC or SWIFT code. You may also be required to enter the recipient’s bank branch address.

Online money transfer companies

These companies can deposit funds into an Egyptian bank account.

  • TorFX. TorFX provide a range of transfer services and offer a best rate guarantee when 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. Its services include: one off and regular trades between NZD and EGP.
  • Compass Global Markets. Compass Global Markets are an 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’s Egyptian cash collection options can include banks and foreign exchange offices.
  • MoneyGram. MoneyGram can deliver cash to Egypt in minutes. They are partnered with a number of major Egyptian banks and have a presence throughout the country.

How do I receive money from Egypt in New Zealand?

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

Bank deposit

You will need to 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 photo 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.

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 are entitled to receive. Insurers may be able to provide an emergency cash benefit in some situations.
  • Emergency cash assistance. Your card’s 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.

Cash pickup locations in Egypt for Western Union and MoneyGram branches.

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 Building
    Station Square Cairo
    Cairo
    +002-16430
    Open Monday to Thursday 8:30am to 6:00pm
    Open Sunday 8:30am to 6:00pm Cairo+002-16430

  • Bank of Alexandria Tahrir

    1 Kasr El Nile St
    Cairo
    +20-2-25789956
    Open Monday to Thursday 8:30am to 6:00pm
    Open Sunday 8:30am to 6:00pm

Giza

  • Bank of Alexandria Giza

    511 El Ahram St
    Nasr Building
    Giza Square
    Giza
    +20-2-35728183
    Open Monday to Thursday 8.30am to 6:00pm
    Open Sunday 8:30am to 6:00pm

  • Aaib N R C Branch

    National Research Centre
    El Be Dokki
    Giza
    +-16430
    Open Monday to Thursday 8:30am to 6:00pm
    Open Sunday 8:30am to 6:00pm

MoneyGram

Alexandria

  • Banque Du Caire Alexandria

    1 Hagar El Nawatiya Street
    Bakous
    Alexandria
    +20-2-5745646
    Open Monday to Thursday 8:30am to 3:00pm
    Open Sunday 8.30am to 3.00pm

  • The United Bank

    12 Champion Street El Ezarita
    El Azarita
    Alexandria
    4-866177
    Open All week 8:00am to 9:30pm

Port Said

  • Banque Du Caire Port Said

    31 Gomhouria Street
    Port Said
    +20-66-222776
    Open Monday to Thursday 8:30am to 3:00pm
    Open Sunday 8:30am to 3:00pm

  • The United Bank

    Horreya Street
    Dekernes
    Port Said
    050-6905017
    Open all week 8:00am to 9:30pm

Tips for picking up cash in Egypt

Due to political unrest and regional tension, the government advisory publication, safetravel.govt.nz warns 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, petty and violent have been on the rise since the start of Egyptian political unrest. Travel in a group if you are concerned about picking up cash in Egypt. Consider talking to a person in authority from your hotel if you are 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 recipient if this is your first payment to Egypt. You can create a new recipient 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 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 a 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.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and our Privacy Policy.