Need to wire money to Ethiopia? Are you considering a wire to transfer money to Ethiopia? Before you walk into your bank to do it, make sure you check the wire transfer fees. You might get a shock just what the costs will be and depending on the amount of the wire, it might make more sense to send the money using another method.
What can make it more costly is in addition to your financial institution adding a fee for sending the funds to a bank in Ethiopia, the recipient getting the transfer may be charged a fee from the bank at their end. A way to reduce the possibilty of the charge is to remit the international wire transfer in their local currency.
To initiate a wire transfer to Ethiopia, you may need a SWIFT code. These are different for each financial institution and are based on things including the country and individual bank.
SWIFT Country Code
Central Bank Name
National Bank of Ethiopia