We compared 5 companies sending money from the United States to Ethiopia. TapTap Send is the best and cheapest, while TapTap Send is the fastest.
Sending $7,000 with TapTap Send gets your recipient 1,246,000 ETB at 178.0000 ETB per USD.
| 5 of 5 providers Last updated on 28 September 2026 | |||
| Based on 7,000 USD transfer Best companies for USD/ETB transfers | |||
| Promoted  Wise Pay via Bank transfer | Fee $69.56 1 USD = 161.2270 ETB +0.72% vs mid-market | Recipient gets ETB 1,117,374.05 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 $69.561 USD = 161.2270 ETB ETB 1,117,374.05You pay$7,000.00 | |||
| Promoted  Xe Pay via Bank transfer | Fee $210.00 1 USD = 178.0000 ETB -9.18% vs mid-market | Recipient gets ETB 1,208,620.00 Minutes - 24 hours | |
Ways to receive money in Ethiopia with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours $210.001 USD = 178.0000 ETB ETB 1,208,620.00You pay$7,000.00 | |||
Run a live search Showing top United States to Ethiopia deals for 7,000 USD. 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 USD 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 USD you're planning to spend in Ethiopia. | |||
Run a live search These are managed services with real human support for large USD transfers. Click the link and update the transfer amount to get the best deal. | |||
 TapTap Send Pay via Debit card | Fee $0.00 1 USD = 178.0000 ETB -9.18% vs mid-market | Recipient gets ETB 1,246,000.00 Minutes | |
Ways to receive money in Ethiopia with TapTap Send when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes Free1 USD = 178.0000 ETB ETB 1,246,000.00You pay$7,000.00 Mobile moneyMinutesAvailable via:Amole, HelloCash, M-PESA, TeleBirr Free1 USD = 178.0000 ETB ETB 1,246,000.00You pay$7,000.00 | |||
| $0 fee on first online transfers  MoneyGram Pay via Bank transfer | Fee $2.99 1 USD = 173.1367 ETB -6.41% vs mid-market | Recipient gets ETB 1,211,956.90 Minutes - 24 hours | |
Ways to receive money in Ethiopia with MoneyGram when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:Select Banks $2.991 USD = 173.1367 ETB ETB 1,211,956.90You pay$7,002.99 Mobile walletMinutes - 24 hoursAvailable via:Select Wallets $2.991 USD = 160.2319 ETB ETB 1,121,623.30You pay$7,002.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Debit card | Fee $2.99 1 USD = 172.7673 ETB -6.20% vs mid-market | Recipient gets ETB 1,209,371.10 Minutes - 24 hours | |
Ways to receive money in Ethiopia with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:Select Banks $2.991 USD = 172.7673 ETB ETB 1,209,371.10You pay$7,002.99 Mobile walletMinutes - 24 hoursAvailable via:Select Wallets $1.991 USD = 158.7109 ETB ETB 1,110,976.30You pay$7,001.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit card | Fee $177.99 1 USD = 172.7673 ETB -6.20% vs mid-market | Recipient gets ETB 1,209,371.10 Minutes - 24 hours | |
Ways to receive money in Ethiopia with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:Select Banks $177.991 USD = 172.7673 ETB ETB 1,209,371.10You pay$7,177.99 Mobile walletMinutes - 24 hoursAvailable via:Select Wallets $210.001 USD = 158.7109 ETB ETB 1,110,976.30You pay$7,210.00 | |||
| Xe Pay via Bank transfer | Fee $210.00 1 USD = 178.0000 ETB -9.18% vs mid-market | Recipient gets ETB 1,208,620.00 Minutes - 24 hours | |
Ways to receive money in Ethiopia with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours $210.001 USD = 178.0000 ETB ETB 1,208,620.00You pay$7,000.00 | |||
| Xe Pay via Credit card | Fee $210.00 1 USD = 178.0000 ETB -9.18% vs mid-market | Recipient gets ETB 1,208,620.00 Minutes - 24 hours | |
Ways to receive money in Ethiopia with Xe when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours $210.001 USD = 178.0000 ETB ETB 1,208,620.00You pay$7,000.00 | |||
| Xe Pay via Debit card | Fee $210.00 1 USD = 178.0000 ETB -9.18% vs mid-market | Recipient gets ETB 1,208,620.00 Minutes - 24 hours | |
Ways to receive money in Ethiopia with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours $210.001 USD = 178.0000 ETB ETB 1,208,620.00You pay$7,000.00 | |||
| Exclusive: First Transfer Deal  Regency FX Pay via Bank transfer | Fee $0.00 1 USD = 161.9462 ETB +0.27% vs mid-market | Recipient gets ETB 1,133,623.27 Minutes - 24 hours | |
Ways to receive money in Ethiopia with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 161.9462 ETB ETB 1,133,623.27You pay$7,000.00 | |||
| Wise Pay via Bank transfer | Fee $69.56 1 USD = 161.2270 ETB +0.72% vs mid-market | Recipient gets ETB 1,117,374.05 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 $69.561 USD = 161.2270 ETB ETB 1,117,374.05You pay$7,000.00 | |||
| How Our Results Work Mid-market rate: 1 USD = 162.3846 ETB Updates every 60 minutes. | |||
Transfer details
If you're sending a one-off transfer, then TapTap Send is the best option.
For recurring transfers, I'd suggest using an app or a multi-currency account with TapTap Send.
For large transfers using a broker like Xe is the best option.
How much you send will affect the best option for you right now.
You have 3 ways to pay for your transfer to Ethiopia, including bank transfer, debit card, and credit card.
Usually, using bank transfer to fund your transfer is the cheapest but slowest option (ACH and takes a day or two).
You can use a debit card, Apple Pay and Google Pay for quicker deposit but its a bit more expensive.
I suggest avoiding credit cards since these are most expensive and have cash advance fees (Amex is very rarely accepted in general).
First time round you'll need to confirm who you are.
An SSN isn't required, an ITIN or a foreign passport works with most companies here.
How much USD 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 | |||||
|---|---|---|---|---|---|
| $500 | -9.18% | $0.00 | ETB 89,000.00with debit card to bank deposit | +ETB 14,658.44 | |
| $2,000 | -9.18% | $0.00 | ETB 356,000.00with debit card to bank deposit | +ETB 25,605.53 | |
| $5,000 | -9.18% | $0.00 | ETB 890,000.00with debit card to bank deposit | +ETB 31,154.07 | |
| $7,000This page | -9.18% | $0.00 | ETB 1,246,000.00with debit card to bank deposit | +ETB 51,160.40 | |
| $10,000 | -9.18% | $0.00 | ETB 1,780,000.00with debit card to bank deposit | +ETB 72,983.97 |
Mid-market rate: 1 USD = 162.3846 ETB
There are 5 companies available for sending money from the US to Ethiopia, across app, online, broker, in person, multi-currency account, and global account, and more.
For regular transfers home
If you send a few hundred dollars home every payday, an app is usually the cheapest way and the least work.
TapTap Send charges $0 on a $7,000 transfer with -9.18% markup, saves your recipient's details for next time, and ETB arrives in minutes.
Funding from a US bank account or debit card avoids the 1% federal tax that applies to cash-funded transfers.
For one-off transfers
For a one-off transfer, an online service funded from your checking account is usually the cheapest way to send money to Ethiopia.
Of all online companies listed here, MoneyGram gets you the most ETB per USD.
On a $7,000 transfer, you will get 1,211,956.9 ETB after a $2.99 fee and -6.41% markup.
But, bank funding (ACH) takes 1 to 3 business days to clear, while debit cards (and Google Pay/Apple Pay) are usually instant but cost a bit more.
For transfers over $10,000
For large transfers to Ethiopia (e.g. a property purchase, tuition, or moving to Ethiopia), a broker like Xe charges no fee, gives you a dedicated account manager, and adds -9.18% markup on USD/ETB that gets lower the more you send.
It's also good to check Wise since you get a bulk discount on transfers over $25,000.
Business payments from the US
Global accounts are for US businesses paying people abroad.
Companies like Airwallex, WorldFirst, or Payoneer handle the recurring and batch payments, invoicing, tracking, and more.
Holding & spending currencies
A multi-currency account like Wise is the best for holding and receiving ETB.
This is useful for traveling to Ethiopia, building up ETB balance, or receiving payments in ETB.
Wise converts $7,000 at 0.72% markup plus small fee and holds the ETB until you spend it.
With TapTap Send, paying by debit card and receiving through bank deposit is the cheapest combination. Sending $7,000 gives your recipient 1,246,000 ETB.
Deposit USD by bank transfer, debit card, and credit card.
The simplest way is to pay from your US checking account
Pay by bank transfer using your routing and account numbers.
An ACH payment is usually cheaper than a card, but the it may take some time for it to clear before a money transfer company can send the money to Ethiopia.
Zelle, Venmo and Cash App only support domestic transfers, so they cannot send money to Ethiopia.
Your recipient in Ethiopia can collect ETB through bank deposit, mobile money, and mobile wallet.
You pay $7,000.00
Br1,246,000
Cheapest
You pay $7,000.00
Br1,246,000
Br0
You pay $7,002.99
Br1,211,957
-Br34,043
You pay $7,177.99
Br1,209,371
-Br36,629
You pay $7,002.99
Br1,121,623
-Br124,377
You pay $7,001.99
Br1,110,976
-Br135,024
You pay $7,210.00
Br1,110,976
-Br135,024
The way you fund the transfer now affects the tax, while US law gives you specific rights if something goes wrong.
Cheapest way to send money to Ethiopia
The cheapest option is TapTap Send, funded by debit card with bank deposit for the payout. Your recipient gets 1,246,000 ETB, which is 2.73% more than the next best option.
Fastest way to send money to Ethiopia
The fastest option is TapTap Send. Pay by debit card and choose bank deposit for the payout. Your recipient gets 1,246,000 ETB, with the money arriving in minutes.
Since January 1, 2026, a 1% federal tax applies when an international transfer is funded with cash, a money order, a cashier's check or a traveler's check.
Funding from a US bank account, including ACH, or with a US-issued debit or credit card is exempt.
The rule applies to how you pay in, so your recipient can still collect cash without triggering the tax.
There is no federal cap on how much of your own money you can send electronically abroad.
Your bank or transfer company can set its own limit and ask for proof of where a large or unusual payment came from.
Cash reports and the declaration for physically carrying more than $10,000 across the US border are separate rules.
Do not split cash transactions to avoid a report.
The US Remittance Transfer Rule requires a covered company to show the exchange rate, fees and expected amount received before you pay.
You can normally cancel within 30 minutes at no charge, provided the money has not been deposited or collected.
You also have error-resolution rights if the wrong amount arrives or the transfer never turns up.
Contact the company first and keep the receipt.
For transfers over $10,000, TapTap Send is the best option.
It offers the best exchange rate, which is more important than the fee for large transfers to Ethiopia.
While TapTap Send may not always be the cheapest or fastest way to send ETB, they offer years of experience, and will offer you the peace of mind you need when sending large amounts abroad.
The rate changes how much ETB your recipient gets for your USD. Recent movement gives you a useful benchmark before you send.
Mid-market rate:1 USD = 162.972098 ETB
We track, save, and analyze the cost, speed, and product offerings of the leading money transfer services available between Ethiopia and United States.
We work with leading money transfer companies to provide real time fees and exchange rates.
We also conduct detailed company reviews, combined with in-depth analysis, we can offer the best deals on the market - every time you want to transfer money from United States to Ethiopia.
For a deeper understanding of our commitment to integrity and transparency, check out these articles:
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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