Ria Money Transfer is the cheapest way to send money from Canada to Ethiopia based on the 6 companies we analyzed, giving your recipient 89,614 ETB from $1,000.
| 6 of 6 providers Last updated on 28 September 2026 | |||
| Based on 1,000 CAD transfer Best companies for CAD/ETB transfers | |||
| Ad  Wise Pay via Bank Transfer | Fees: $25.55 1 CAD = 113.9130 ETB +0.72% vs mid-market | Recipient gets ETB 111,002.52 Within a week | |
Ways to receive money in Ethiopia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:SWIFT $25.551 CAD = 113.9130 ETB ETB 111,002.52You pay$1,000.00 | |||
| Ad  MoneyGram Pay via Debit Card | Fees: $7.99 1 CAD = 122.3754 ETB -6.44% vs mid-market | Recipient gets ETB 122,375.40 6-12 Hours | |
Ways to receive money in Ethiopia with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 HoursAvailable via:Select Banks $7.991 CAD = 122.3754 ETB ETB 122,375.40You pay$1,007.99 Mobile wallet6-12 HoursAvailable via:Select Wallets $1.991 CAD = 112.3002 ETB ETB 112,300.20You pay$1,001.99 | |||
Run a live search Showing top Canada to Ethiopia deals for 1,000 CAD. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live CAD to ETB rates. | |||
Run a live search These companies offer multi-currency accounts for spending ETB. We suggest doing a live search based on how much CAD you're planning to spend in Ethiopia. | |||
Run a live search These are managed services with real human support for large CAD transfers. Click the link and update the transfer amount to get the best deal. | |||
 TapTap Send Pay via Debit Card | Fees: $0.00 1 CAD = 128.0000 ETB -10.93% vs mid-market | Recipient gets ETB 128,000.00 Minutes | |
Ways to receive money in Ethiopia with TapTap Send when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes Free1 CAD = 128.0000 ETB ETB 128,000.00You pay$1,000.00 Mobile moneyMinutesAvailable via:Amole, HelloCash, M-PESA, TeleBirr Free1 CAD = 128.0000 ETB ETB 128,000.00You pay$1,000.00 | |||
| $0 fee on first online transfers MoneyGram Pay via Debit Card | Fees: $7.99 1 CAD = 122.3754 ETB -6.44% vs mid-market | Recipient gets ETB 122,375.40 6-12 Hours | |
Ways to receive money in Ethiopia with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 HoursAvailable via:Select Banks $7.991 CAD = 122.3754 ETB ETB 122,375.40You pay$1,007.99 Mobile wallet6-12 HoursAvailable via:Select Wallets $1.991 CAD = 112.3002 ETB ETB 112,300.20You pay$1,001.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit Card | Fees: $7.99 1 CAD = 122.3754 ETB -6.44% vs mid-market | Recipient gets ETB 122,375.40 6-12 Hours | |
Ways to receive money in Ethiopia with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 HoursAvailable via:Select Banks $7.991 CAD = 122.3754 ETB ETB 122,375.40You pay$1,007.99 Mobile wallet6-12 HoursAvailable via:Select Wallets $1.991 CAD = 112.3002 ETB ETB 112,300.20You pay$1,001.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Cash deposit | Fees: $7.99 1 CAD = 122.3754 ETB -6.44% vs mid-market | Recipient gets ETB 122,375.40 6-12 Hours | |
Ways to receive money in Ethiopia with MoneyGram when paying by cash deposit. MethodFee & ratesRecipient gets Bank deposit6-12 HoursAvailable via:Select Banks $7.991 CAD = 122.3754 ETB ETB 122,375.40You pay$1,007.99 Mobile wallet6-12 HoursAvailable via:Select Wallets $1.991 CAD = 112.3002 ETB ETB 112,300.20You pay$1,001.99 | |||
 Remitly Pay via Debit Card | Fees: $0.00 1 CAD = 120.9700 ETB -5.29% vs mid-market | Recipient gets ETB 120,970.00 2 Days | |
Ways to receive money in Ethiopia with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 120.9700 ETB ETB 120,970.00You pay$1,000.00 | |||
| Remitly Pay via Credit Card | Fees: $20.00 1 CAD = 120.9700 ETB -5.29% vs mid-market | Recipient gets ETB 120,970.00 2 Days | |
Ways to receive money in Ethiopia with Remitly when paying by credit card. MethodFee & ratesRecipient gets Bank deposit2 Days $20.001 CAD = 120.9700 ETB ETB 120,970.00You pay$1,020.00 | |||
| Remitly Pay via Bank Transfer | Fees: $0.00 1 CAD = 120.9700 ETB -5.29% vs mid-market | Recipient gets ETB 120,970.00 2 Days | |
Ways to receive money in Ethiopia with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 120.9700 ETB ETB 120,970.00You pay$1,000.00 | |||
| Remitly Pay via Interac | Fees: $0.00 1 CAD = 120.9700 ETB -5.29% vs mid-market | Recipient gets ETB 120,970.00 2 Days | |
Ways to receive money in Ethiopia with Remitly when paying by interac. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 120.9700 ETB ETB 120,970.00You pay$1,000.00 | |||
 Paysend Pay via Debit Card | Fees: $0.00 1 CAD = 112.6960 ETB +1.80% vs mid-market | Recipient gets ETB 112,696.00 6-12 Hours | |
Ways to receive money in Ethiopia with Paysend when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 112.6960 ETB ETB 112,696.00You pay$1,000.00 | |||
| Paysend Pay via Credit Card | Fees: $0.00 1 CAD = 112.6960 ETB +1.80% vs mid-market | Recipient gets ETB 112,696.00 6-12 Hours | |
Ways to receive money in Ethiopia with Paysend when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 112.6960 ETB ETB 112,696.00You pay$1,000.00 | |||
| Wise Pay via Bank Transfer | Fees: $25.55 1 CAD = 113.9130 ETB +0.72% vs mid-market | Recipient gets ETB 111,002.52 Within a week | |
Ways to receive money in Ethiopia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:SWIFT $25.551 CAD = 113.9130 ETB ETB 111,002.52You pay$1,000.00 | |||
| Wise Pay via Interac | Fees: $31.20 1 CAD = 113.9130 ETB +0.72% vs mid-market | Recipient gets ETB 110,358.91 Within a week | |
Ways to receive money in Ethiopia with Wise when paying by interac. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:SWIFT $31.201 CAD = 113.9130 ETB ETB 110,358.91You pay$1,000.00 | |||
| Wise Pay via Debit Card | Fees: $36.30 1 CAD = 113.9130 ETB +0.72% vs mid-market | Recipient gets ETB 109,777.96 Within a week | |
Ways to receive money in Ethiopia with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:SWIFT $36.301 CAD = 113.9130 ETB ETB 109,777.96You pay$1,000.00 | |||
| Wise Pay via Credit Card | Fees: $50.66 1 CAD = 113.9130 ETB +0.72% vs mid-market | Recipient gets ETB 108,142.17 Within a week | |
Ways to receive money in Ethiopia with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:SWIFT $50.661 CAD = 113.9130 ETB ETB 108,142.17You pay$1,000.00 | |||
 Ria Money Transfer Pay via Credit Card | Fees: $300.00 1 CAD = 128.0200 ETB -10.94% vs mid-market | Recipient gets ETB 89,614.00 6-12 Hours | |
Ways to receive money in Ethiopia with Ria Money Transfer when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $300.001 CAD = 128.0200 ETB ETB 89,614.00You pay$1,000.00 Mobile wallet6-12 Hours $300.001 CAD = 114.4700 ETB ETB 80,129.00You pay$1,000.00 Cash pickup6-12 Hours $300.001 CAD = 114.4700 ETB ETB 80,129.00You pay$1,000.00 | |||
| Ria Money Transfer Pay via Debit Card | Fees: $300.00 1 CAD = 128.0200 ETB -10.94% vs mid-market | Recipient gets ETB 89,614.00 6-12 Hours | |
Ways to receive money in Ethiopia with Ria Money Transfer when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $300.001 CAD = 128.0200 ETB ETB 89,614.00You pay$1,000.00 Mobile wallet6-12 Hours $300.001 CAD = 114.4700 ETB ETB 80,129.00You pay$1,000.00 Cash pickup6-12 Hours $300.001 CAD = 114.4700 ETB ETB 80,129.00You pay$1,000.00 | |||
| How Our Results Work Mid-market rate: 1 CAD = 114.7380 ETB Updates every 60 minutes. | |||
Transfer details
Start with the cheapest, which is Ria Money Transfer at 89,614 ETB on $1,000.
More than half of Canadians sending money still pay at a store counter. The same company is often cheaper online.
You have 5 ways to pay, including debit card, credit card, bank transfer, interac, and cash deposit.
Interac e-Transfer is how most companies take your money, moving it into their Canadian account so they can carry it over the border.
First time round you'll need a photo ID, and often where the money came from.
Your first transfer will be slower than the ones after it because of those checks, so send it a few days before it's needed.
How much CAD you send to Ethiopia heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.
| Cheapest service | |||||
|---|---|---|---|---|---|
| $100 | -10.98% | $0.00 | ETB 12,800.00with debit card to bank deposit | +ETB 3,603.67 | |
| $500 | -10.97% | $0.00 | ETB 64,000.00with debit card to bank deposit | +ETB 9,636.52 | |
| $1,000This page | -10.93% | $0.00 | ETB 128,000.00with debit card to bank deposit | +ETB 14,068.27 | |
| $10,000 | -10.96% | $0.00 | ETB 1,280,000.00with debit card to bank deposit | +ETB 79,908.75 | |
| $50,000 | -10.96% | $0.00 | ETB 6,400,000.00with debit card to bank deposit | +ETB 354,687.55 |
Mid-market rate: 1 CAD = 114.7380 ETB
There are 6 companies sending money to India, but how you send depends on your needs.
For transfers home
An app does the same job as the store for less, and you top it up with an Interac e-Transfer, the same way you'd send money to a friend.
Ria Money Transfer charges $300 in fees and adds -10.94% markup, so your $1,000 delivers 89,614 ETB in 6-12 hours.
You don't need a SIN to sign up either, a passport works.
For one-off transfers
For bigger or less frequent transfers, compare a couple of online services on the day, and pick the cheapest.
Of 6 online companies, Ria Money Transfer is the cheapest and currently gets you 89,614 ETB on a $1,000 transfer after a $300 fee and -10.94% markup.
Funding by bank transfer (EFT) is cheapest but takes 1-2 days to clear, and Interac e-Transfer or debit card is faster but pricier.
For large transfers from Canada
For property, tuition, moving from Canada, or an inheritance, a broker is the best and usually the cheapest option.
For large transfers (CA$15,000+), brokers like Currencies Direct or RegencyFX charge no fee, but add a margin that gets lower the more you send. Run a live search with your real amount to see it.
If you're sending large amounts. expect more questions about the transfers, so have statements and documents ready to avoid delays.
For businesses paying abroad
Global accounts handle the business side, paying suppliers, contractors and overseas invoices in ETB.
Companies like OFX, Airwallex, or WorldFirst are set up for the batch and recurring payments a personal app can't do.
For spending abroad and getting paid
If part of your life runs in ETB, be it spending it, saving it, or waiting for a better rate, a multi-currency account can hold it alongside your CAD.
Wise lets you hold CAD and ETB, and convert between them at low cost.
For example, converting $1,000 costs $25.55 in fees at 0.72% markup, which gets you 111,002.52 ETB.
With Ria Money Transfer, paying by credit card and receiving through bank deposit is the cheapest combination. Sending $1,000 gives your recipient 89,614 ETB.
Deposit CAD using debit card, credit card, bank transfer, interac, and cash deposit.
I suggest using Interac e-Transfer for simplicity
Follow the company's Interac instructions and check the business name before sending.
Do not send to an email address supplied outside the company's app or website.
The recipient can receive ETB through bank deposit, mobile wallet, mobile money, and cash pickup.
For a bank deposit payout, you will need the recipient's bank details in Ethiopia.
You pay $1,000.00
Br128,000
Cheapest
You pay $1,000.00
Br128,000
Br0
You pay $1,007.99
Br122,375
-Br5,625
You pay $1,007.99
Br122,375
-Br5,625
You pay $1,000.00
Br120,970
-Br7,030
You pay $1,000.00
Br120,970
-Br7,030
You pay $1,001.99
Br112,300
-Br15,700
You pay $1,001.99
Br112,300
-Br15,700
You pay $1,001.99
Br112,300
-Br15,700
You pay $1,000.00
Br80,129
-Br47,871
You pay $1,000.00
Br80,129
-Br47,871
Interac can fund an international transfer, but it does not send money abroad by itself. You should also know what happens when a transfer reaches the FINTRAC reporting threshold.
For a $1,000 transfer to Ethiopia, these are the cheapest, fastest and easiest options available now.
Best way to send money to Ethiopia
Ria Money Transfer is the cheapest and easiest option, funded by credit card with bank deposit for the payout. Your recipient gets 89,614 ETB, which is -42.83% more than the next best option.
Fastest way to send money to Ethiopia
TapTap Send is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 128,000 ETB in minutes.
An Interac e-Transfer cannot go directly to a recipient in Ethiopia.
When a transfer company accepts Interac, you send CAD to its Canadian account and the company handles the international side over its own network.
There is no C$10,000 legal cap on electronic transfers from Canada.
A reporting entity must report an international electronic funds transfer of C$10,000 or more to FINTRAC, including linked transfers that meet the 24-hour rule.
The bank or transfer company makes that report, you do not file it yourself.
But you may be asked for proof of where the money came from.
Sending your own cash or making a genuine cash gift does not create a Canadian gift tax simply because the money goes abroad.
Tax can become relevant when you transfer an appreciated asset rather than cash, or when attribution rules apply.
Money held with a payment company is not covered by CDIC in the same way as an eligible bank deposit.
Payment companies covered by the Retail Payment Activities Act must safeguard end-user funds, but the Bank of Canada does not resolve individual fee or payment disputes.
If you’re unsure about the company, you can check the company in the FINTRAC MSB Registry.
If you live in Quebec, also confirm that it is allowed to provide money services there.
The rate has a direct impact on the ETB amount received. The last seven days show how today's CAD quote compares with the recent market.
Mid-market rate:1 CAD = 115.044948 ETB
Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.
That covers 6 FINTRAC-registered companies sending CAD to Ethiopia, updated in real time during a live search, compared on rates, fees and how your recipient can collect.
Each goes through our review. More on who we are, why you can trust us and getting started.
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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