Sending money to family in Ethiopia is one of the most important financial decisions diaspora Ethiopians make regularly. The provider you choose, the method you use, and even the day you send can all affect how much birr your family receives.
Why the Rate Matters More Than the Fee
Most people compare transfer fees first. But the exchange rate is often the bigger factor. A provider charging a 2 USD flat fee but giving you a worse rate on a $300 transfer can cost significantly more than a provider with a higher fee but a better rate.
Always compare the total received amount in birr — not just the fee.
Main Ways to Send Money
Bank Deposit
Money goes directly into the recipient's bank account (CBE, Awash, Abyssinia, Dashen, etc.). Usually takes 1-3 business days. Good for larger amounts.
TeleBirr or CBE Birr (Mobile Wallet)
The recipient gets funds on their phone within minutes. No bank account needed. Great for recipients in areas far from bank branches.
Cash Pickup
Recipient collects at an agent location with a valid ID. Fast but requires travel to a pickup point.
Comparing Popular Providers
When comparing, look at:
- The exchange rate vs. the mid-market rate
- Transfer fees (flat or percentage)
- Speed of delivery
- Supported banks and mobile wallets in Ethiopia
Providers like XE, Remitly, Wise, WorldRemit, and Sendwave all serve Ethiopia. Rates change daily — check BirrValue's Send Money page before each transfer.
Tips to Get More Birr
- Send on weekdays: Rates can be slightly better than weekends.
- Avoid credit card payments: They often carry extra fees and may count as a cash advance.
- Use bank transfer (ACH): Usually the cheapest funding method.
- Watch for promotions: First-transfer fee waivers are common on new accounts.
- Larger transfers: Per-transfer fees mean larger amounts cost less per birr received.
Compare today's rates at birrvalue.com before you send.