Compare all the best ways to send money to Egypt

The exchange rate determines how much EGP the recipient will get when you transfer money to Egypt.

For example, today, the average exchange rate between US Dollar and Egyptian Pound is 50.6173.

The rate constantly fluctuates depending on the destination currency and the market conditions, so timing your transfer can help you save a lot of money.

Sometimes, waiting a day or two can help you get more EGP.

If you do need to send EGP now, we suggest using Wise. Their rate for transfers to Egypt was the best over the past 6 months.

The cheapest way to pay for your transfer to Egypt is via Bank transfer with Revolut. It is % cheaper than the next best option.

The way you pay affects the cost, speed, and the amount of EGP you receive.

Here are your cheapest options:

*Based on a $2,000 transfer to Egypt using our 6-month comparison data. Transfer time is based on averages from multiple companies.

Avoid using a Bank transfer option for transfers to Egypt, as it’s the most expensive.

Credit card transfers to Egypt come with cash advance fees and higher interest rates on EGP.

, for example, charges $0 when paying with a credit card vs $0 via bank transfer by Revolut.

When possible, avoid sending EGP over the SWIFT network. Despite its name, SWIFT transfers to Egypt are slower with steeper fees.

Some services have limits on how much you can transfer, both minimum and maximum thresholds.

Different services might offer better rates or lower fees for different transfer amounts.

Here are a few examples of sending different amounts to Egypt:

Sending Under $1,000 to Egypt

Money transfer apps are your best option. Providers like XE let you send up to $2,000 without paying any fees.

Sending $1,000 or more to Egypt

Most transfer providers like XE and WorldRemit let you send up to $2,000 easily and affordably. For more significant amounts, you may run into transfer limits.

WorldRemit sets a 24-hour transaction limit of $9,000, with a per-transaction limit of $5,000 (when paying with a credit/debit card or bank transfer) or $300 when using Apple Pay. XE allows you to send unlimited payments to Egypt or $500,000 in an online transaction.

Sending $10,000 or more to Egypt

Apps like XE allow you to send larger amounts of money, and Wise will enable you to transfer up to $10,000 daily. But if you need to send significantly more, you must rely exclusively on XE.

Sending $100,000 or more to Egypt

The largest transfers can only be handled by XE or by contacting a dedicated money broker like TorFX or Currencies Direct. Remember that transactions over $10,000 will be reported to the IRS for security reasons.

In general, the quicker you need EGP delivered, the more it will cost you in fees.

Transfer speed to Egypt depends on the EGP amount, the time you initiate the transfer, and your payment method.

Take, for instance, an urgent need to transfer $2,000 from the US to Egypt.

Overall, of 11 companies serving Egypt, OFX is the fastest regardless of the deposit method, appearing 26.7% of the time in our searches.

For bank or debit card deposits, services like MoneyGram excel in this regard, offering near-instantaneous and cheapest EGP transfers with $11.5 or $21.22 fees respectively and 2% markup.

Credit card transfers via to EGP can take up to a day with a $0 fee and % markup (keep cash advance fees in mind). This is based on 6-month data from comparisons on MoneyTransfers.com.

For most urgent transfers to Egypt, cash pickup will be the fastest, via Western Union or Ria Money.

Avoid SWIFT for EGP transfers as it's slower due to intermediary banks in Egypt.

There are a few ways to send money to Egypt:

Online

You can send money to Egypt with a money transfer provider. You can either choose to use a managed service like an FX broker, or an online-only company.

We found that Wise is the overall best online money transfer provider according to our 6-month analysis. They’ve appeared 98.2% of the time for EGP transfers in our search system.

App

Most money transfer services supporting Egypt transfers have an app, often, offering a better EGP rate. You can use our guide to the best money transfer apps to find the one that fits your needs.

In-person

Cash transfers to Egypt in person via Ria Money Transfers or Western Union are almost always instant, but require the recipient to visit the nearest agent to collect EGP.

Money orders

Another option is to send a money order using the postal service in your country. It is a less accepted method but often can be sent to harder-to-reach locations.

There are different ways to receive money in Egypt. You can make a direct bank deposit, send cash for pickup or home delivery, or use a mobile wallet.

If you want a direct transfer to your bank account, Wise offers the best service for bank transfers to Egypt.

If you need cash right away, check if cash pickup is an option for transfers to Egypt.

Mobile wallet services and payment apps like PayPal and Revolut are popular too, but you also have access to popular local options in Egypt, including:

• Vodafone Cash

• CIB Smart Wallet

• QNB E-Wallet

• Alex Bank Ma7fazty

• NBE Phone Cash

However, regulations prohibit recipients from linking PayPal to their bank accounts, though they can still withdraw funds to a card or make payments directly from their account.

To receive money in Egypt, you will need:

• Valid forms of ID: this could be a National ID, passport, or driving license.

• Sender's information: the full name and address of the sender.

• Transfer details: the amount of EGP to be received.

• Transfer reference number: will be needed for cash pickup or home delivery.

When you're sending or receiving money in Egypt, you have to be ready to share some documents.

The exact documents you need might vary by the company you use. Usually, you will have to:

• Show a government ID like a passport or driver's license.

• Give your contact details such as phone number and email address.

You will also need the recipients' details in Egypt. Sometimes this may include an IBAN or a SWIFT code depending on your payment method.

If you're making a large transaction to Egypt, a provider may ask you for proof of address (e.g. a phone or utility bill) and your source of funds (e.g. a bank statement).

That’s why we suggest Wise in this case. They know how to handle large EGP transfers and will help you get things done fast.

Large transfers are generally taxable, especially if you have a foreign account containing more than $10,000 or your business sends more than $10,000 during the tax year.

In addition, if you’re sending from the US, there is a gift allowance, meaning anything over it is subject to tax.

Recipients may find themselves paying tax on remittance to Egypt, though this depends on the reason they receive the money.

For example, they must pay income tax if the money is classified as worldwide income. That said, there’s no tax on money received in Egypt if given as a gift.