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Companies for transfers from United Kingdom to Eritrea
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Xoom, a PayPal service, allows you to send money in more than 160 countries. You can send cash for over-the-counter pickup or home delivery, as well as send by bank transfer or debit card."
"Moneygram is a well established service with over 80 years in the sector. They support over 200 countries worldwide and have over 440,000 retail locations."
Best option: Wise
We tested & reviewed 8 money transfer providers, and Wise scored highly in each category.
Over the last six months, Wise appeared in 100% of United Kingdom to Eritrea searches, and was the top rated company supporting money transfers between GBP and ERN.
For a great mix of cost, speed & features, transfer from United Kingdom to Nakfa using Wise.
How to compare companies offering money transfers from United Kingdom to Eritrea
- Always compare rates
Use our live comparison tool to make sure you aren't missing the best rates to send money from the United Kingdom to Eritrea. This ensures the best price.
- Choose a provider
Select the company that offers you the best value & options for sending to Eritrea.
- Click, sign up & send
Sign up & make your transfer. Your funds will soon be on their way from the United Kingdom to your chosen country & currency.
Summary of recent searches
Considerations for money transfers from United Kingdom to Eritrea
Comparing providers offering services between the United Kingdom and Eritrea, based on your specific needs is the best way to send money with confidence.
Our comparison includes 8 companies that provide the ability to send Pound Sterling to Eritrea.
This ensures you get the best options for transfers to Eritrea from the United Kingdom, based on the amount you want to send.
Cheapest way to send money from United Kingdom to Eritrea: Wise
Our data shows, over the past six months, that Wise is 1.1% than the second-best option when sending via a bank transfer.
This measure includes an average fee of 24.03* GBP and a GBP-ERN exchange rate for international transfers that is 0.01% different to the mid-market rate.
Securing the best rates on a GBP to Eritrea transfer can be done with Wise but you can always search for your specific amount.
*The most common fee applied by Wise when sending GBP-ERN, based on data from the past six months.
Fastest way to transfer money from United Kingdom to Eritrea: Ria Money Transfer
Our data shows that Ria Money Transfer came up as the fastest option for sending Pound Sterling into Nakfa in 44.4% of searches. This makes them well suited to urgent GBP to ERN money transfers.
The average fee for a GBP-Nakfa transfer through Ria Money Transfer is 4 GBP.
To get the 'fastest' option we compared 8 providers for overall speed of sending money from the United Kingdom to Eritrea - this includes depositing Pound Sterling, transfer times, withdrawal timeframes in Eritrea.
When speed matters, Ria Money Transfer is your best choice for sending into Eritrea from the United Kingdom.
Need to send over £10,000 from the UK? TorFX is your best option
Opt for a service proven with large transfers when size matters. For transfers over £10,000, your best option is TorFX.
While TorFX may not always be the cheapest or fastest way to send GBP to Eritrea, they will keep you safe and relaxed while your money moves into ERN.
Understanding the costs involved when transferring money from United Kingdom to Eritrea
When calculating the costs of money transfers between United Kingdom and Eritrea, opt for the best combination of fees and exchange rates:
The Mid-Market and Exchange Rates: Today, the GBP-ERN mid-market rate equals 20.1705 ERN per Pound Sterling.
For reference, the GBP-ERN average mid-market rate for the past three months has been 19.0542 ERN per Pound Sterling, with a high of 19.7099 and a low of 18.6079.
The company offering the best exchange rate is Wise.
Often the GBP-ERN exchange rate you receive is the bigger factor than how much it costs to send Pound Sterlings to Eritrea.
Fees: Fees are charged on top of a transfer. The company offering the lowest fee is Wise, averaging 24.03 GBP over the last 6 months. We would recommend searching for your exact send amount to get an idea of fees.
Amount Received: The amount received in Nakfa is the biggest indicator the total cost of sending money from the United Kingdom to Eritrea. Essentially, the more the recipient receives in Eritrea, the less it is costing to send from the United Kingdom.
Tracking the exchange rate for Pound Sterling to Nakfa
Getting a better exchange rate between GBP and ERN can make a huge difference to the overall cost of sending money.
Over the last six months, between the United Kingdom and Eritrea, the average numbers are:
GBP to ERN saw an average 19.0542 ERN mid-market rate.
The highest point was 19.7099 ERN, while the lowest was 18.6079 ERN.
8 providers are currently offering transfers between the United Kingdom and Eritrea.
Want to secure the best GBP-Nakfa exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from United Kingdom to Eritrea!
Funding your United Kingdom to Eritrea transfer
Bank transfers
The default option for sending money from the United Kingdom to Eritrea is often a bank transfer.
Using a money transfer company such as Wise for transfers from the United Kingdom to Eritrea, allows for sending via a bank transfer while benefitting from lower fees and more favorable exchange rates.
From the 8 we tested, the cheapest provider for bank transfers from GBP to Eritrea is Wise.
With an average fee of GBP24.03 to send money from the United Kingdom to Eritrea, Wise offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money from the United Kingdom to Eritrea with a prepaid or debit card is easy with Wise.
Wise is a leader in accepting card payments for transfers between the United Kingdom and Eritrea.
Credit cards
is the best money transfer company of the 8 compared for credit card transfers from the United Kingdom to Eritrea
Fee alert: using a credit card to transfer money can mean a fee being charged by your card issuer. We recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Eritrea and United Kingdom.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from United Kingdom to Eritrea.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send GBP to ERN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
