Frequently Asked Questions

• What's the cheapest way to send money from the USA to Ethiopia?

  The cheapest way to send money from the USA to Ethiopia is through an online provider. Among the 7 available, Ria was most often the cheapest provider (in 39.7% of the searches on Monito.com in the past 3 months).

• What are the best providers to send money from the USA to Ethiopia?

  Here are the providers that were the most often the cheapest in the comparisons of the past 30 days on Monito.com:

  • Ria (cheapest in 39.7% of the searches)
  • XE Money Transfer (cheapest in 34.9% of the searches)
  • MoneyGram (cheapest in 21.0% of the searches)
• How much does it cost to send money from the USA to Ethiopia?

  If you send money with the cheapest available provider, the total cost of a USD-ETB transfer was -7.5% of the transfer amount (including all fees and exchange rates) over the past month.

  In contrast, the cost of the most expensive option was 22.3%.

• Is Western Union a good option for sending money from the USA to Ethiopia?

  Western Union is a popular provider, with the biggest agent location network. The average cost of online money transfers from the USA to Ethiopia with Western Union* is 0.5% of the amount you send, whereas the cheapest online services have an average cost of -7.5%.
  
  Remitly is the provider that is most often the cheapest for money transfers to a cash pick-up location in Ethiopia.
  
  *Sending money from physical agent locations with Western Union is usually much more expensive than using their online service.

• What's the cheapest provider to send money from the USA to a cash pick-up location in Ethiopia?

  Over the past 3 months, the provider that was most often the cheapest for cash pick-up transfers in Ethiopia was Remitly, with an average cost of -0.3% of the amount you send (includes fees + exchange rate margin).
  
  The average total cost to send to a bank account rather than to a pick-up location during the same period was -7.5%. Ria was the provider most often the cheapest for transfers to bank accounts in Ethiopia.

• What is the fastest option to send money from the USA to Ethiopia

  The provider that was most often the fastest provider in comparisons of the past 30 days was Ria (average fastest transfer time: In minutes)