How to send money to Ethiopia from the UK with the best GBP-ETB rate
We’ve compared 7 companies, and found TapTap Send to be the cheapest, while TapTap Send is the fastest.
Sending £6,000 gets you Br1,440,000 with TapTap Send at 240.0000 ETB per GBP, about 1.86% more than the next best option.
Best companies for GBP/ETB transfers
7 of 7 providers
Last updated on 10 November 2026i
This page updates weekly. We collect, store, and analyze GBP/ETB exchange rates from our comparisons.
Based on 6,000 GBP transfer
Best companies for GBP/ETB transfers
All money transfer offers for GBP/ETB transfers, sorted by most ETB received. The first two offers may be sponsored promotions. Some offers here pay us a commission.
Personal account managerReceive to bank accountDedicated support for larger transactions
Ways to receive money in Ethiopia with Xe when paying by debit card.
MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
£180.001 GBP = 242.8100 ETB
ETB 1,413,154.20You pay£6,000.00
Run a live search
Showing top United Kingdom to Ethiopia deals for 6,000 GBP. 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 GBP 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 GBP you're planning to spend in Ethiopia.
Run a live search
These are managed services with real human support for large GBP transfers. Click the link and update the transfer amount to get the best deal.
Mid-market rate: 1 GBP = 216.8227 ETBUpdates every 60 minutes.
Transfer details
How to send money from UK to Ethiopia
Pick a company
For a one-off GBP transfer to Ethiopia, I suggest picking the cheapest option which is TapTap Send.
TapTap Send was the cheapest on 26 of the 26 days it quoted £6,000 transfers to Ethiopia.
On a 6,000 GBP transfer, TapTap Send delivers the most ETB.
The best option will change depending on how much you actually send, so I suggest to get the best GBP/ETB rate.
Fund your transfer
You have 3 ways to pay, including debit card, bank transfer, and credit card.
Paying from your bank is usually the fastest, since most companies connect to your banking app via Open Banking.
Anywhere a debit card works, Apple Pay and Google Pay usually do too.
Verify and send
First time round you'll need to confirm your name, date of birth, address and a photo ID.
On a £6,000 transfer the verification is normally instant but can take a couple of hours.
Compare amounts
How much GBP are you sending to Ethiopia?
How much GBP 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.
Our analysis shows TapTap Send was the cheapest in 83% of the transfers from £6,000 it quoted, and in 90% of all the transfers it quoted.
How much more the cheapest provider gets you than the average of all providers we compared at this amount.
Cheapest service
£500
-10.15%
£0.00
ETB 120,000.00with debit card to bank deposit
+ETB 14,458.26
£1,000
-10.22%
£0.00
ETB 240,000.00with debit card to bank deposit
+ETB 22,548.97
£2,000
-10.20%
£0.00
ETB 480,000.00with debit card to bank deposit
+ETB 35,833.00
£6,000This page
-10.15%
£0.00
ETB 1,440,000.00with debit card to bank deposit
+ETB 94,045.50
£10,000
-10.18%
£0.00
ETB 2,400,000.00with debit card to bank deposit
+ETB 142,983.80
£50,000
-10.17%
£0.00
ETB 12,000,000.00with debit card to bank deposit
+ETB 571,677.75
£250,000
-11.32%
£0.00
ETB 60,702,500.00with bank transfer to bank deposit
+ETB 3,278,859.42
Mid-market rate: 1 GBP = 216.8227 ETB
GBP/ETB Exchange Rate History
Is today a good time to send money from UK to Ethiopia?
The cheapest way to send GBP to ETB can change every day, or stay with the same company all month.
We've compared the mid-market rate with the cheapest option each day (today it's TapTap Send), across 30 days of comparisons for 6,000 GBP transfers to Ethiopia.
At the mid-market rateWith the cheapest optionTapTap SendXeMoneyGram
4 Nov5 Nov6 Nov7 Nov8 Nov9 Nov10 Nov
1.25m
1.30m
1.35m
1.40m
1.45m
1.50m
At the mid-market rateWith the cheapest optionTapTap SendXeMoneyGram
12 Oct22 Oct31 Oct10 Nov
1.20m
1.25m
1.30m
1.35m
1.40m
1.45m
1.50m
At the mid-market rateWith the cheapest optionTapTap SendXeMoneyGram
13 Aug12 Sept11 Oct10 Nov
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
215.0086
–
ETB 1,290,051.86
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 149,948.14
XeNo quote collected this day
–
–
–
–
MoneyGramNo quote collected this day
–
–
–
–
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
216.6048
–
ETB 1,299,628.67
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 140,371.33
Locked-in rate
MoneyGram
229.1824
£0.99
ETB 1,375,094.40
+ETB 75,465.73
Locked-in rate
Xe
235.2300
£180.00
ETB 1,369,038.60
+ETB 69,409.93
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
211.9671
–
ETB 1,271,802.80
Locked-in rate
MoneyGramCheapest
229.6673
£0.99
ETB 1,378,003.80
+ETB 106,201.00
TapTap SendNo quote collected this day
–
–
–
–
XeNo quote collected this day
–
–
–
–
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
216.2523
–
ETB 1,297,513.58
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 142,486.42
Locked-in rate
MoneyGram
229.8737
£0.99
ETB 1,379,242.20
+ETB 81,728.62
Locked-in rate
Xe
236.0800
£180.00
ETB 1,373,985.60
+ETB 76,472.02
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
217.6489
–
ETB 1,305,893.49
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 134,106.51
Locked-in rate
MoneyGram
229.8737
£0.99
ETB 1,379,242.20
+ETB 73,348.71
Locked-in rate
Xe
236.0800
£180.00
ETB 1,373,985.60
+ETB 68,092.11
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
217.5121
–
ETB 1,305,072.72
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 134,927.28
Locked-in rate
MoneyGram
231.2000
£0.99
ETB 1,387,200.00
+ETB 82,127.28
Locked-in rate
Xe
237.2700
£180.00
ETB 1,380,911.40
+ETB 75,838.68
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
217.5121
–
ETB 1,305,072.72
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 134,927.28
Locked-in rate
Xe
237.2700
£180.00
ETB 1,380,911.40
+ETB 75,838.68
MoneyGramNo quote collected this day
–
–
–
–
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
218.3583
–
ETB 1,310,150.08
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 129,849.92
Locked-in rate
MoneyGram
231.4346
£0.99
ETB 1,388,607.60
+ETB 78,457.52
Locked-in rate
Xe
237.2700
£180.00
ETB 1,380,911.40
+ETB 70,761.32
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
214.7986
–
ETB 1,288,791.47
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 151,208.53
Locked-in rate
MoneyGram
231.4171
£0.99
ETB 1,388,502.60
+ETB 99,711.13
Locked-in rate
Xe
237.2200
£180.00
ETB 1,380,620.40
+ETB 91,828.93
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
218.3693
–
ETB 1,310,215.90
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 129,784.10
Locked-in rate
Xe
241.5300
£180.00
ETB 1,405,704.60
+ETB 95,488.70
Locked-in rate
MoneyGram
231.7818
£0.99
ETB 1,390,690.80
+ETB 80,474.90
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
219.6413
–
ETB 1,317,847.69
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 122,152.31
Locked-in rate
Xe
242.4100
£180.00
ETB 1,410,826.20
+ETB 92,978.51
Locked-in rate
MoneyGram
232.7119
£0.99
ETB 1,396,271.40
+ETB 78,423.71
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
219.0314
–
ETB 1,314,188.60
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 125,811.40
Locked-in rate
Xe
242.1800
£180.00
ETB 1,409,487.60
+ETB 95,299.00
Locked-in rate
MoneyGram
232.6377
£0.99
ETB 1,395,826.20
+ETB 81,637.60
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
217.3867
–
ETB 1,304,320.48
Locked-in rate
MoneyGramCheapest
232.3843
£0.99
ETB 1,394,305.80
+ETB 89,985.32
TapTap SendNo quote collected this day
–
–
–
–
XeNo quote collected this day
–
–
–
–
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
217.3867
–
ETB 1,304,320.48
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 135,679.52
Locked-in rate
Xe
242.0900
£180.00
ETB 1,408,963.80
+ETB 104,643.32
Locked-in rate
MoneyGram
232.3843
£0.99
ETB 1,394,305.80
+ETB 89,985.32
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
216.6464
–
ETB 1,299,878.65
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 140,121.35
Locked-in rate
MoneyGram
232.3843
£0.99
ETB 1,394,305.80
+ETB 94,427.15
XeNo quote collected this day
–
–
–
–
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
218.7100
–
ETB 1,312,259.98
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 127,740.02
Locked-in rate
Xe
241.0900
£180.00
ETB 1,403,143.80
+ETB 90,883.82
Locked-in rate
MoneyGram
231.8467
£0.99
ETB 1,391,080.20
+ETB 78,820.22
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
–
–
–
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
–
Locked-in rate
Xe
240.4900
£180.00
ETB 1,399,651.80
–
Locked-in rate
MoneyGram
231.2908
£0.99
ETB 1,387,744.80
–
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
217.9610
–
ETB 1,307,765.93
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 132,234.07
Locked-in rate
Xe
240.4200
£180.00
ETB 1,399,244.40
+ETB 91,478.47
Locked-in rate
MoneyGram
230.7340
£0.99
ETB 1,384,404.00
+ETB 76,638.07
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
–
–
–
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
–
Locked-in rate
Xe
241.0200
£180.00
ETB 1,402,736.40
–
Locked-in rate
MoneyGram
231.2303
£0.99
ETB 1,387,381.80
–
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
216.0231
–
ETB 1,296,138.64
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 143,861.36
Locked-in rate
MoneyGram
233.2489
£0.99
ETB 1,399,493.40
+ETB 103,354.76
XeNo quote collected this day
–
–
–
–
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
216.0150
–
ETB 1,296,090.28
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 143,909.72
Locked-in rate
Xe
242.9900
£180.00
ETB 1,414,201.80
+ETB 118,111.52
Locked-in rate
MoneyGram
233.2489
£0.99
ETB 1,399,493.40
+ETB 103,403.12
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
217.1886
–
ETB 1,303,131.46
Locked-in rate
Regency FXCheapest
216.6022
£0.00
ETB 1,299,613.01
−ETB 3,518.45
TapTap SendNo quote collected this day
–
–
–
–
XeNo quote collected this day
–
–
–
–
MoneyGramNo quote collected this day
–
–
–
–
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
217.9597
–
ETB 1,307,758.06
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 132,241.94
Locked-in rate
Xe
242.8300
£180.00
ETB 1,413,270.60
+ETB 105,512.54
MoneyGramNo quote collected this day
–
–
–
–
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
–
–
–
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
–
Locked-in rate
Xe
242.8300
£180.00
ETB 1,413,270.60
–
Locked-in rate
MoneyGram
232.9860
£0.99
ETB 1,397,916.00
–
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
–
–
–
Locked-in rate
MoneyGramCheapest
234.2023
£0.99
ETB 1,405,213.80
–
TapTap SendNo quote collected this day
–
–
–
–
XeNo quote collected this day
–
–
–
–
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
220.3058
–
ETB 1,321,834.66
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 118,165.34
Locked-in rate
Xe
242.6300
£180.00
ETB 1,412,106.60
+ETB 90,271.94
Locked-in rate
MoneyGram
233.9969
£0.99
ETB 1,403,981.40
+ETB 82,146.74
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
–
–
–
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
–
Locked-in rate
Xe
242.3000
£180.00
ETB 1,410,186.00
–
Locked-in rate
MoneyGram
232.8317
£0.99
ETB 1,396,990.20
–
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
219.8349
–
ETB 1,319,009.53
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 120,990.47
Locked-in rate
Xe
242.3000
£180.00
ETB 1,410,186.00
+ETB 91,176.47
Locked-in rate
MoneyGram
232.8317
£0.99
ETB 1,396,990.20
+ETB 77,980.67
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
220.3642
–
ETB 1,322,185.26
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 117,814.74
Locked-in rate
Xe
242.3000
£180.00
ETB 1,410,186.00
+ETB 88,000.74
Locked-in rate
MoneyGram
232.8317
£0.99
ETB 1,396,990.20
+ETB 74,804.94
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Mid-market rate
216.8227
–
ETB 1,300,936.34
Locked-in rate
TapTap SendCheapest
240.0000
£0.00
ETB 1,440,000.00
+ETB 139,063.66
Locked-in rate
Xe
242.8100
£180.00
ETB 1,413,154.20
+ETB 112,217.86
Locked-in rate
MoneyGram
233.3162
£0.99
ETB 1,399,897.20
+ETB 98,960.86
Exchange rate
Fee
Recipient gets
Difference
How much more or less the recipient gets against the mid-market rate.
Exchange rate
Fee
Recipient gets
Difference
Mid-market rate
216.8227
–
ETB 1,300,936.34
TapTap Send
Xe
MoneyGram
Regency FX
Each line shows what the recipient gets when you send £6,000, after fees, as quoted by each company. The mid-market line shows what £6,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.
The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.
When the blue line goes above the dashed one, you're getting more ETB per GBP than the mid-market rate can offer.
This could be due to money transfer offers, FX rate adjustments, or market competitiveness.
In the past month, a money transfer company beat the mid-market rate on 24 of the last 30 days.
Right now, TapTap Send pays 1,440,000 ETB on 6,000 GBP, which is 139,063.66 ETB more than the mid-market amount, so it's a good deal (pretty much free money).
Today's payout is the highest in the past month.
If you need to send money now, it's a good time to send.
Cheapest over time
Picking the cheapest money transfer company
Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Ethiopia.
We've tracked 209 comparisons to check how often today's top companies were the cheapest across 7 amounts over the past month.
Transfer amount
Locked-in rate
TapTap SendAppeared in 42 comparisons
Cheapest in 88% of them
Locked-in rate
XeAppeared in 32 comparisons
Cheapest in 13% of them
Locked-in rate
MoneyGramAppeared in 40 comparisons
Cheapest in 8% of them
4 Nov10 Nov
Cheapest that dayNot cheapestNo quoteNo data collected
Based on 49 comparisons across 7 amounts over the last 7 days.
Locked-in rate
TapTap SendAppeared in 184 comparisons
Cheapest in 90% of them
Locked-in rate
XeAppeared in 148 comparisons
Cheapest in 12% of them
Locked-in rate
MoneyGramAppeared in 161 comparisons
Cheapest in 5% of them
12 Oct10 Nov
Cheapest that dayNot cheapestNo quoteNo data collected
Based on 209 comparisons across 7 amounts over the last 30 days.
Locked-in rate
TapTap SendAppeared in 504 comparisons
Cheapest in 82% of them
Locked-in rate
XeAppeared in 407 comparisons
Cheapest in 11% of them
Locked-in rate
MoneyGramAppeared in 454 comparisons
Cheapest in 2% of them
13 Aug10 Nov
Cheapest that dayNot cheapestNo quoteNo data collected
Based on 531 comparisons across 7 amounts over the last 90 days.
Different companies can come out cheapest depending on the day and the amount you send.
To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).
Today TapTap Send is the cheapest and gets you the most ETB, and it was also the cheapest in 90% of the 184 comparisons it appeared in over the past month.
It's a good pick for both one-off and regular transfers to Ethiopia.
Xe (today's second cheapest) was the cheapest in only 12% of its comparisons, so it's rarely the cheapest option for transfers to Ethiopia.
Ways to send money from the UK to Ethiopia
There are many ways to send money to Ethiopia from the UK, including app, online, currency broker, multi-currency account, global business account, and in person, and more.
For small & frequent transfers
Money transfer apps
If you send small amounts back home to Ethiopia, say weekly or monthly, an app like TapTap Send is the easiest and cheapest way to do it.
It charges £0 in fees, has -10.15% markup, lets you save recipient details, and ETB will arrive in minutes.
Over the past month, TapTap Send was the cheapest app on 100% of the days it appeared for £6,000 transfers.
For one off transfers
Online transfers
Sending money online is good for occasional medium sized ETB transfers, around £1,000 - £5,000.
Online companies like Xe often have higher limits and/or first time promos.
Of the 7 companies we compared, Xe is the cheapest online service and will get you Br1,413,154.20 on a £6,000 transfer.
In our comparisons over the past month, it was the cheapest online service on 17 of the 23 days it quoted.
For large transfers
Brokers
Currency brokers like Xe are the best for £10,000+ transfers (things like house deposits, education fees, relocation, etc.).
You get a dedicated account manager to handle your transfer to Ethiopia, and real human support.
Xe charges no fees on large transfers, but adds -11.31% markup on top of the current GBP/ETB rate.
The markup gets better the more GBP you send, so we suggest .
Our analysis shows Xe was the cheapest broker in 100% of the transfers from £6,000 it quoted.
For spending and receiving
Multi-currency accounts
Multi-currency accounts let you hold and spend Ethiopian Birr abroad like a local.
Wise offers the best multi-currency account.
With it, converting £6,000 to ETB will get you Br1,284,389.25 after fees.
If you don’t have ETB in your account, your GBP will auto-convert whenever you pay with Wise in Ethiopia.
Once you have ETB in the account, there are no extra fees from Wise for spending or holding it (local ATM charges may still apply).
Over the past month, it came out cheapest among multi-currency accounts on 100% of days.
For business transfers
Global accounts
Global accounts are for UK businesses making payments overseas.
For suppliers, freelancers, salaries, or invoices in Ethiopia, companies like Airwallex, WorldFirst, or Payoneer handle batch and recurring payments a consumer app simply can’t.
Ways to fund GBP and receive ETB in Ethiopia
Pay-in and pay-out methods will affect how much GBP you deposit and how much ETB your recipient gets. Use the table below to see how different options change how much you pay and what they get.
The overall best and cheapest way to send £6,000 to Ethiopia is via TapTap Send, using a debit card to deposit GBP and bank deposit to receive ETB.
Depositing GBP
You have 3 pay-in options for transfers to Ethiopia, including debit card, bank transfer, and credit card.
The cheapest pay-in option is credit card.
The fastest option in the UK is almost always bank transfer, since most companies use Open Banking and Faster Payments System (FPS).
The most expensive deposit option is debit card.
Be careful with credit card deposits, since your bank often treats it as a cash advance and will charge interest.
Receiving money in Ethiopia
Money can reach Ethiopia by bank deposit, mobile money, mobile wallet, and card deposit, and each delivery method comes with its own fees.
The cheapest way to receive money in Ethiopia is with bank deposit on average.
Mobile wallets
You can receive ETB into a mobile wallet, which is useful since they don't need a bank account.
Mobile money
You can send money directly to a mobile number in Ethiopia.
and use our filters to find the company offering mobile money at the best GBP/ETB rate.
1
Debit card→Bank deposit
You pay £6,000.00
Br1,440,000
Cheapest
2
Debit card→Mobile money
You pay £6,000.00
Br1,440,000
Br0
3
Bank transfer→Bank deposit
You pay £6,000.00
Br1,413,154
-Br26,846
4
Credit card→Bank deposit
You pay £6,000.00
Br1,413,154
-Br26,846
5
Bank transfer→Mobile wallet
You pay £6,000.99
Br1,269,459
-Br170,541
Show moreShow less
6
Debit card→Mobile wallet
You pay £6,001.99
Br1,257,334
-Br182,666
7
Credit card→Mobile wallet
You pay £6,001.99
Br1,257,334
-Br182,666
8
Debit card→Card deposit
You pay £6,000.00
Br1,245,822
-Br194,178
Consider this when sending GBP to Ethiopia
There are a few nuances you should consider before sending GBP to Ethiopia such as limits, taxes, and safety.
1
Compare GBP/ETB transfer options
Right now, these are the best money transfer options for a £6,000 transfer to Ethiopia:
Cheapest way to send money to Ethiopia
The cheapest way is to use TapTap Send, pay in with a debit card and withdraw via bank deposit. You will get Br1,440,000, which is 1.86% more than the next best option.
Fastest way to send money to Ethiopia
The fastest way is to use TapTap Send via debit card deposit and bank deposit for pay out. You get Br1,440,000 and it will arrive in minutes.
2
UK transfer limits
There is no legal limit and no tax on sending your own money abroad.
Main hard limits come from your bank or money transfer company, often around £10,000 to £25,000 online (which you can usually increase in the app).
Also, the "£10,000 declaration" only applies to physically carrying cash through the border, not online transfers.
And on bigger GBP/ETB transfers (roughly £10,000 up) expect a source-of-funds check, such as a payslip or a statement.
These are anti-money-laundering checks, and they can hold your transfer up, so have the documents ready.
3
The transfer costs involved
Your cost is the fee plus the exchange-rate margin.
For example, sending £6,000 with TapTap Send will get you 1,440,000 ETB, that’s including £0 fee and -10.15% in exchange rate markup.
4
Taxes on money transfers
There is no UK tax for the act of sending money to Ethiopia.
And, regular gifts from your normal income are free of inheritance tax straight away, with no cap and no seven-year wait, as long as you can still cover your usual living costs.
5
Staying safe when sending abroad
Only ever use a provider authorised by the FCA, which you can check on the FCA register in under a minute.
The rules in place for any scams cover domestic pound transfers only, on a transfer abroad you're less protected.
Always confirm who you're really sending to before you send, because there's little recourse after.
We track 7 regulated companies offering money transfers from the UK to Ethiopia in real time.
We analyse the fees, exchange rates, deposit/withdrawal methods, and each goes through our internal review.
Most GBP/ETB pricing data comes directly from the providers. We collect the rest manually, run it through our comparison engine and label it in the table.
In the past 30 days alone, we analysed 209 comparisons across 7 amounts.
This page covers the cheapest and fastest options for GBP/ETB transfers. This is how we pick them:
Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.
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