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Located in the Horn of Africa, Ethiopia boasts an intriguing archaeological history and is home to around 100 million people. If you ever want to send a money transfer from Australia to this landlocked African nation, there are plenty of ways to do so.
Before you choose a transfer method, it’s essential that you compare the options at your disposal to see which one is the most affordable.
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One convenient option when you need to send money overseas is to ask your bank to take care of the transaction. While banks certainly present a convenient option when it comes to international money transfers, their services are far from affordable. Banks are known for their high transaction fees and terrible exchange rates, so you can usually find a cheaper option by looking elsewhere.
When hunting around for a provider to help you send money overseas, consider the services offered by specialist online money transfer companies. These companies trade in high volumes of foreign currency, allowing them to offer much better exchange rates than the banks. They also charge lower transaction fees, allowing you to save money whenever you send funds overseas.
Anne’s friend Jonathan lives in Ethiopia and is in desperate need of money to pay for repairs to his car. Anne offers to send him $1,000 as quickly as she can, and she looks around to find a company that offers urgent cash transfers. Since her bank doesn’t support exotic currencies, she compares two specialist companies offering this service, their exchange rates and fees to see which one offers the superior deal.
As you can see in the table below, Anne can save AUD $15 in transfer fees by using the second transfer company and also send an extra six ETB to Jonathan.
| Money transfer company 1 | Money transfer company 2 | |
|---|---|---|
| Exchange rate | 1 AUD = 14.401 ETB | 1 AUD = 14.407 ETB |
| Transfer fee | $40 | $25 |
| Transfer method | Cash pick-up transfer | Cash pick-up transfer |
| Processing time | 10 minutes | 10 minutes |
| Amount received (in ETB) | 14,401 ETB | 14,407 ETB |
In certain circumstances you may need to send a cash transfer from Australia to Ethiopia as quickly as possible. If you find yourself in this situation, make sure you’re aware that emergency international cash transfers usually cost more than standard online transfers.
Thanks to low exchange rates and increased fees, you’ll pay more for your transfer than you would in normal circumstances – so review the details and cost of your transaction before you hand over your money.
Back to topWestern Union and MoneyGram both operate substantial cash pick-up transfer networks around the world. Some of their popular cash pick-up locations in Ethiopia are listed below. If you’re picking up cash, make sure you have photo ID and a transaction reference number handy.
The Department of Foreign Affairs and Trade advises Australians to reconsider their need to travel to Ethiopia. If you wish to visit the country nonetheless and you need to pick up a cash transfer while there, keep the following tips in mind:
You’ll need to check the exact money transfer process with the transfer company you choose, but you will generally need to:
Can you help me to find and collect my money i earned from different sites and transfer to my country ethiopia banks?
Hi Suleyman,
Thank you for your inquiry.
Our company finder.com.au is a financial comparison website and general information service designed to help consumers to make a better decision. Please note we do not represent any company we feature on our pages.
Should you wish to send money to Ethiopia this page might be useful for you as a guide and reference to determine your next actions and review what are the options available for you.
I hope this information has helped.
Cheers,
Harold