Question 1

What's the best way to send money to Ethiopia from Netherlands?

Accepted Answer

Sending money internationally to Ethiopia from Netherlands can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Euro to ETB remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Ethiopia. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Ethiopian Birr.

Question 2

How to get the best exchange rate for your money transfers from Netherlands to Ethiopia?

Accepted Answer

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Ethiopia.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Netherlands to Ethiopia transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your EUR to Ethiopian Birr money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.

Question 3

What's the cheapest way for transferring money to Ethiopia from Netherlands?

Accepted Answer

Finding the cheapest way to send money from Netherlands to Ethiopia might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer EUR to ETB via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Netherlands to Ethiopia exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.

Question 4

Should I use my bank to send money from Netherlands to Ethiopia?

Accepted Answer

Bank transfers have been a traditionally popular way to send money overseas from Netherlands to Ethiopia. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the EUR to ETB exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Netherlands bank for your Ethiopia money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.

Question 5

What is the fastest way to transfer money from Netherlands to Ethiopia?

Accepted Answer

If you need to convert EUR to ETB as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Netherlands to Ethiopia could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Euro to Ethiopian Birr funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Ethiopia.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Netherlands to Ethiopia. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.

Question 6

Which are the best money transfer companies to transfer money to Ethiopia from Netherlands?

Accepted Answer

Comparing money transfer companies for sending money to Ethiopia from Netherlands can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Ethiopia. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Euro to Ethiopian Birr transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Ethiopian Birr yield on every Euro that you send.

Question 7

Step by step guide to transfer money to Ethiopia from Netherlands

Accepted Answer

There are many important aspects of Netherlands to Ethiopia remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Netherlands bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include ETB bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
Step 4 - Provision recipient details including name and address.
Step 5 - Decide how much Euro amount you want to send from Netherlands.
Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Ethiopia to validate that they get the money once the transaction clears.

1 EUR	181.64 ETB
5 EUR	908.21 ETB
10 EUR	1,816.41 ETB
25 EUR	4,541.03 ETB
50 EUR	9,082.07 ETB
100 EUR	18,164.13 ETB
150 EUR	27,246.20 ETB
200 EUR	36,328.26 ETB
250 EUR	45,410.33 ETB
300 EUR	54,492.39 ETB
400 EUR	72,656.52 ETB
500 EUR	90,820.65 ETB
600 EUR	108,984.78 ETB
700 EUR	127,148.91 ETB
800 EUR	145,313.04 ETB
1000 EUR	181,641.30 ETB
1500 EUR	272,461.95 ETB
2000 EUR	363,282.60 ETB
2500 EUR	454,103.25 ETB
3000 EUR	544,923.90 ETB
4000 EUR	726,565.20 ETB
5000 EUR	908,206.50 ETB
10000 EUR	1,816,413.00 ETB
15000 EUR	2,724,619.50 ETB
20000 EUR	3,632,826.00 ETB
30000 EUR	5,449,239.00 ETB
40000 EUR	7,265,652.00 ETB
50000 EUR	9,082,065.00 ETB
100000 EUR	18,164,130.00 ETB

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