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Find the best ways to transfer money to Ethiopia

Compare money transfer deals for sending ETB.

Find the best, cheapest, and easiest ways to send money to Ethiopia at the best ETB exchange rates.

Read on for the best deals, expert information, and all you need to transfer money to Ethiopia.

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July 1st, 2025
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Best money transfer companies

Send money to Ethiopia

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"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."

Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
0%
Fees
0.1% - 2.6%

"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."

Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
0%
Fees
0.1% - 2.6%

"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."

Transfer Speed
Minutes - 3 days
Exchange Rate Markup
0.1% - 1.3%
Fees
None

"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."

Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
2 - 3%
Fees
None

"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."

Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
2 - 4%
Fees
1% - 3%

How to get the best rate when sending money to Ethiopia

About money transfers to Ethiopia

Top rated for transfers from United States to Ethiopia
Wise
Total number of US - ET providers
4
Average cheapest fees & rate
Wise
Average fastest transfer
Xoom
Average transfer time
Within minutes
Best for bank transfers
Wise

Wise: The best way to send money to Ethiopia

We’ve tested 4 companies offering services in Ethiopia, and Wise stood out as the best money transfer company to Ethiopia.

They offer low fees of just $60.74 and -0.49% markup on ETB exchange rates, and fast transfer speeds.

Wise offers an ideal combination of features, speed, and cost for ETB transfers.

Wise is the top rated company for sending money from United States (USD) to Ethiopia (ETB) - Wise Screenshot

The cheapest way to send money to Ethiopia: Wise

From the 4 companies tested, Wise consistently offers the cheapest money transfer ETB to Ethiopia.

Wise charges $60.74 per transfer to Ethiopia and applies a -0.49% markup on the ETB exchange rate.

For the best value, use a bank transfer deposit to maximize the amount of ETB received.

Wise is the cheapest way to send money from United States (USD) to Ethiopia (ETB) - Wise Screenshot

The fastest way to send money to Ethiopia: Xoom

Need money in Ethiopia quickly? We recommend using Xoom.

Based on a $7,000 transfer and our comparison data for ETB transfers, Xoom is the quickest option for sending ETB to Ethiopia.

With Xoom, the transfer time to Ethiopia is minutes - 24 hours.

They charge $0 in fees and apply a 2.3% markup on the ‘real’ ETB rate. This is 0% cheaper than the second-best provider.

For the best balance between speed and cost, we suggest using a deposit for Ethiopian Birr transfers.

The easiest way to send money to Ethiopia: Wise

Wise is an excellent choice for balancing cost, speed, and convenience.

They’re highly transparent with fees, charging $60.74 per transfer with a -0.49% markup on the ETB mid-market rate.

With multiple deposit and withdrawal options and reliable customer service, getting started with Wise takes less than 10 minutes, making it a fast, cheap, and user-friendly option.

Wise is the top rated company for sending money from United States (USD) to Ethiopia (ETB) - Wise Screenshot

Consider this before sending money to Ethiopia

1
Compare providers

Don't settle for the first option. Always compare ways to send money to Ethiopia to find out about fees, speed, and reliability.

Our analysis included 4 providers that operate in Ethiopia.

Through this, you get a comprehensive view of all the options you have when sending money to Ethiopia.

2
Think about the Ethiopian Birr exchange rates
3
Choose the right payment method
4
The amount will impact the cost
5
Consider the speed
6
Ways you can send money to Ethiopia
7
How to receive money in Ethiopia
8
Have your documents ready
9
Don't forget about taxes

Sending large amounts of ETB to Ethiopia

For large ETB transfers, Wise is our top recommendation.


Wise consistently ranked as the top choice for large ETB transfers. They charge $60.74 per transfer to Ethiopia and apply only a -0.49% markup on the ETB exchange rate.

Whether you’re purchasing property, paying tuition fees in ETB, planning a wedding in Ethiopia, or making business payments, Wise ensures a smooth and secure process.

When sending large amounts of Ethiopian Birr to Ethiopia, consider factors like transfer limits, markup on the ETB rate, customer service, and any legal, tax, or government-imposed restrictions in Ethiopia.

The costs of sending money to Ethiopia

The cost of ETB transfers depends on where your location, amount, funding and withdrawal methods, transfer fees, and the markup added on top of the ETB exchange rate.

Exchange rate markup

The exchange rate markup is the percentage added to the mid-market rate (the "real" ETB rate) by the service provider.

For example, Wise offers one of the best exchange rates by applying a -0.49% markup on the USD-ETB exchange rate.

This means you receive 135.3055 ETB - -0.49% for every US Dollar sent.

Transfer fees

Transfer fees to Ethiopia can be either fixed, percentage-based, or a combination of both.

Suppose you want to send $7,000 to Ethiopia (ETB).

After analyzing 4 services supporting ETB, Remitly appears to have the lowest fee of $60.74 per transfer to Ethiopia.

Deposit method

The way you fund your ETB transfers can significantly affect the cost.

bank transfer is the overall cheapest deposit method for sending money to Ethiopia.

Live ETB Exchange Rate

Get the best ETB exchange rate

The exchange rate is the value of the ETB (Ethiopian Birr) against other currencies, and since it fluctuates, it will affect how much ETB the recipient will get. Sending money when ETB reaches the highest value will result in more ETB for your recipient.

Mid-market Rate
1 
=
135.350167 
ETB

Over the past 7 days, the ETB exchange rate has:

  • Averaged at 135.3055 Ethiopian Birr per USD

  • Reached a high of 136.4012 ETB/USD

  • Dropped to a low of 134.8502 ETB per US Dollar

You should aim to make a transfer when the rate is closer to 136.4012 ETB/USD . This will give your recipient in Ethiopia more Ethiopian Birr.

Pair your transfer with Wise (who offers the best exchange rate), and you will maximize the amount of ETB received.

Get notified when it’s the best time to send ETB

Sign up for our rate alerts, and we’ll notify you when it’s the best time to send ETB!

Payment methods available for money transfers to Ethiopia

How you fund your money transfer to Ethiopia directly affects the speed, cost, and the amount of ETB your recipient will receive. Here are the most common options for funding your transfer to Ethiopia:

  • Bank transfers

    Bank deposits are reliable and common for international ETB transfers, available through most services.

    While they tend to be cheaper, it may take up to 2-3 business days for the funds to arrive.

    You also may have an option to use the SWIFT network for a bank deposit to Ethiopia, avoid it where possible. SWIFT deposits are slow and expensive, instead check if there are cheaper options.

    Based on our recent testing of 4 providers accepting Ethiopia transfers, we found Wise to be the cheapest option, charging $60.74 per transfer with a -0.49% markup.

  • Debit and prepaid cards

    Debit card transfers to Ethiopia are generally faster than bank transfers. Most ETB transactions will be completed within a few hours. However, this convenience usually comes with increased fees.

    We recommend for debit and prepaid card deposits when sending money to Ethiopia. charges a % markup on the ETB rate and $ in transfer fees.

  • Credit cards

    A credit card deposit is another option for sending ETB to Ethiopia.

    Typically it is more expensive, and your CC company may charge you cash advance fees, and apply increased interest rates.

    If you want to fund your transfer to Ethiopia with a credit card, we recommend running a live comparison to get the best deal.

Need to deposit money to Ethiopian bank?

Making direct wire transfers is slow and expensive, instead you can use a money transfer service and deposit funds to popular banks in Ethiopia, including: Commercial Bank of Ethiopia, Dashen Bank, Oromia International Bank, Bank of Abyssinia, Cooperative Bank of Oromia, Nib International Bank, Zemen Bank, Wegagen Bank. Enat Bank, and many more.

How we analyze the market

We track the cost, speed, and product offerings of the leading money transfer services available in Ethiopia.


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 to Ethiopia.


We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to find the best service for your needs when sending money to Ethiopia

For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.

Money transfer company reviews

FAQs

Find answers to the most common questions on our dedicated FAQ page.

How much money can be transferred to Ethiopia?
Are there any tax implications to sending money to Ethiopia?
What are the typical transfer fees for sending money to Ethiopia?
How long does it take to send money to Ethiopia?
Are there any minimum or maximum transfer limits for transfers to Ethiopia?
Can I schedule regular transfers to Ethiopia?
What currency is used in Ethiopia?
Can I send money to Ethiopia from any country?
How can I track my money transfer to Ethiopia?
What should I do if my money transfer to Ethiopia goes wrong?
Can’t I use my bank to send money to Ethiopia?
What's the best way to take money to Ethiopia?
Why send money to Ethiopia?
Can I send money to Ethiopia with MoneyTransfers.com?

Contributors

Artiom Pucinskij
Artiom Pucinskij is a seasoned financial content strategist who holds an impressive background in marketing from the University of Portsmouth. With years of dedicated experience in the personal finance and remittance sectors, Artiom has become an integral part of MoneyTransfers.com's growth.
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