Question 1

What's the best way to do Portugal to Ethiopia money transfers?

Accepted Answer

There are many good choices when it comes to sending money from Portugal to Ethiopia. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Euro to ETB money transfers.

We compare different remittance companies to bring you the best options to send money to Ethiopia from Portugal. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Euro to Ethiopian Birr money transfers. You can take advantage of these deals and make the most of your hard earned money.

Question 2

How to get the best exchange rate for sending money from Portugal 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 Portugal 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 to send money from Portugal to Ethiopia?

Accepted Answer

When you want to send money to Ethiopia from Portugal, you obviously want the cheapest possible option to maximize the money your recipient gets in Ethiopian Birr. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your EUR to ETB money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Portugal to Ethiopia. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Portugal to Ethiopia exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Ethiopian Birr overseas.

Question 4

How to send money from Portugal to Ethiopia through a bank?

Accepted Answer

We do not recommend using your local bank in Portugal for your next EUR to ETB overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Portugal to Ethiopia (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending ETB to Ethiopia. These companies will let you use your local bank account in Portugal to pay for your Ethiopia money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.

Question 5

How to send money from Portugal to Ethiopia fast?

Accepted Answer

It could be a stressful experience if you need to rush money quickly from Portugal to Ethiopia. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert EUR to ETB. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Ethiopian Birr. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Portugal to Ethiopia money transfers.

Question 6

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

Accepted Answer

Since the Euro to Ethiopian Birr money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Portugal that may also be able to send money to Ethiopia. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your EUR to ETB money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Ethiopia gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Portugal to Ethiopia transaction.

Question 7

Step by step guide to transfer money to Ethiopia from Portugal

Accepted Answer

There are many important aspects of Portugal 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 - Portugal 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 Portugal.
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	181.84 ETB
5 EUR	909.22 ETB
10 EUR	1,818.45 ETB
25 EUR	4,546.11 ETB
50 EUR	9,092.23 ETB
100 EUR	18,184.45 ETB
150 EUR	27,276.68 ETB
200 EUR	36,368.90 ETB
250 EUR	45,461.13 ETB
300 EUR	54,553.35 ETB
400 EUR	72,737.80 ETB
500 EUR	90,922.25 ETB
600 EUR	109,106.70 ETB
700 EUR	127,291.15 ETB
800 EUR	145,475.60 ETB
1000 EUR	181,844.50 ETB
1500 EUR	272,766.75 ETB
2000 EUR	363,689.00 ETB
2500 EUR	454,611.25 ETB
3000 EUR	545,533.50 ETB
4000 EUR	727,378.00 ETB
5000 EUR	909,222.50 ETB
10000 EUR	1,818,445.00 ETB
15000 EUR	2,727,667.50 ETB
20000 EUR	3,636,890.00 ETB
30000 EUR	5,455,335.00 ETB
40000 EUR	7,273,780.00 ETB
50000 EUR	9,092,225.00 ETB
100000 EUR	18,184,450.00 ETB

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