How to send money to Ethiopia
Discover how to make a money transfer to Ethiopia with the best ETB exchange rate in a few easy steps
1. Check if the Ethiopian birr conversion rate is at your advantage
Even though the evolution of the exchange rate is fluctuating, it never hurts to follow it in order to maximize how many your recipient will receive. You can set-up our smart alerts to follow the ETB mid-market's evolution.
2. Compare the 8 providers available for transfers to Ethiopia to find the best one.
Monito lists quite a few providers to send money to Ethiopia, such as TransferWise, Western Union, MoneyGram, Xendpay, Azimo. Optimize your transfer by comparing all your options and select the most competitive deal for your transfer.
3. Choose the best service for your needs
Do you need to make a transfer to Ethiopia at the lowest total cost, as quickly as possible or with the solution with the best customer reviews?
In addition, you may want to consider the payment solution and pay-out options. Most of the time you'll have money transfer providers giving you the option to transfer the money directly from your bank account, other providers will also accept debit and credit cards. On the recipient's side in Ethiopia, you often have to decide if you want the money to be deposited on a local bank account or be available for cash pick-up.
4. Sign up and start your transaction to Ethiopia with the money transfer provider you selected
Visit the provider's homepage to sign up (you usually have to upload some information to confirm your identity), and provide the details of your money transfer to Ethiopia.