How You Can Send Money to Ethiopia Securely

Compare exchange rates and transfer options to find the cheapest transactions when you need to send money to Ethiopia.

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, however, it’s essential that you compare the options at your disposal to see which one is the most affordable.

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AUD: Australia USD: United States EUR: European Union GBP: United Kingdom JPY: Japan CNY: China NZD: New Zealand HKD: Hong Kong INR: India SGD: Singapore AED: United Arab Emirates CAD: Canada CHF: Switzerland CZK: Czech Republic DKK: Denmark HUF: Hungary ILS: Israel MXN: Mexico MYR: Malaysia NOK: Norway PHP: Phillipines PLN: Poland SEK: Sweden THB: Thailand ZAR: South Africa

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Name	Product	Min. Transfer Amount	Transfer Speed	Services	Online Transfer Fee	Rate	Amount Received	Description
Exclusive: World First International Money Transfers		AUD 2,000	1 day	Online, Phone				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.	Go to site More	Compare	loading Fetching your data...

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.

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Banks versus money transfer companies

One convenient option when you need to send money overseas is to ask your bank to take care of the transaction. But 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.

Questions I should ask myself when transferring and receiving money via Ethiopia

• Exchange rates. What sort of exchange rates does the company offer? How do they compare to those offered by other providers?
• Transaction fees. How much will you be charged in fees each time you send an international transfer? Can you avoid fees by sending a larger amount of money?
• Transfer methods. Can you place transfers online, in a branch, over the telephone and/or through a mobile app?
• Flexible options. Can you set up a regular payment schedule to save you time in the future? Can you place limit orders or forward contracts to secure a better deal?
• Transfer time. How long will it take for the money to arrive to your recipient? Processing times typically range from a few minutes to several working days.
• Minimum transfer amounts. Are there any minimum or maximum transfer limits that apply to each transaction? Will they regularly affect your transfer requirements?
• Pickup options. Will the funds be available to be collected in cash, be sent to your recipient’s bank account or transferred in some other way?
• Customer service. If something ever goes wrong with a transaction or you have a question about the company’s services, will you have quick and easy access to customer support?

How do I send money to Ethiopia from Australia?

• Specialist money transfer providers. Start researching now to find out which international money transfer providers allow you to send money to Ethiopia.
• Cash pickup transfer companies. Western Union and MoneyGram are the two largest cash pickup transfer companies in the world.
• Bank transfers. Bank transfers are a convenient option but are typically quite costly.
• International cheques. An old-school transfer method is to post an international guaranteed cheque to your beneficiary.

How do I receive money from Ethiopia in Australia?

• Specialist money transfer providers. Specialist online transfer companies offer better exchange rates and lower fees than the banks.
• Cash pickup transfer companies. Choose a cash pickup transfer company that offers affordable transactions and a pickup location close to you.
• Bank transfers. Bank transfers are another option when receiving money from Ethiopia, but shop around to see just how affordable they are.
• International cheques. Check with your bank to find out how much it costs to cash an international cheque.

Emergency cash transfers in Ethiopia

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.

Cash pickup locations in Ethiopia/ Western Union / MoneyGram branches in Ethiopia

Western Union and MoneyGram both operate substantial cash pickup transfer networks around the world. Some of their popular cash pickup locations in Ethiopia are listed below. If you’re picking up cash, make sure you have photo ID and a transaction reference number handy.

Western Union

MoneyGram

Tips for picking up cash in Ethiopia

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:

• Only visit a transfer branch in an area where you feel safe
• Keep your cash hidden - don’t display it in public
• Take a friend along to provide extra security
• Don’t carry a large sum of money around with you for any longer than is necessary

What are the steps to send money to Ethiopia?

You’ll need to check the exact money transfer process with the transfer company you choose, but you will generally need to:

1. Register for an account. Accounts are usually free to sign up for and you can do this online. You will need to supply your full name, contact information, proof of ID and bank account details.
2. Enter your transaction details. The next step is to enter all the relevant transaction information, including how much money you’re sending and in what currency. You’ll also need to specify who will be receiving the transfer.
3. Finalise the transaction. After reviewing the cost of your transaction, it’s time to finalise and submit your transfer request. Most companies also provide an online tracking service so that you know when your funds have been delivered.