Send Money To Egypt

Personal
Business
From
United States Flag
United States
USD
To
Egypt Flag
Egypt
EGP
1 USD equals
15.645 EGP
Updated on November 27, 2020
 
How much to transfer?
$1-$1k
$1k-$10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
OFX Logo
  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers
$
$
$

low

Fees
87
Speed Icon

medium

2-3 days

Less Information
+
Promo Offer Available
Super low 0.4% margin for new customers referred by iCompareFX. Simply click GO TO SITE and register.

Transfer Options

  • Bank transfer
  • Debit card (UK only)
  • BPAY (Australia only)
  • Direct debit (U.S. only)

Features

  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for personal transfers
  • Circle Check Icon
    Get competitive exchange rates
  • Circle Check Icon
    Lets you schedule transfers with ease
  • Circle Check Icon
    Trading in some currencies possible only over the phone
  • Circle Check Icon
    Website access only in English

WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
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    Mobile airtime and mobile wallets top up
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    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
+
Promo Offer Available
Three free transfers for new customers! Check out the WorldRemit promo guide for more info.

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

TransferWise Logo
  • Check Icon
    Transparent fee structure
  • Check Icon
    Send money to email addresses
  • Check Icon
    Multicurrency account with debit card
  • Check Icon
    Multilingual website & app
$
$
$

low

Fees
75
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Credit Card
  • Debit Card
  • Country specific alternatives

Features

  • Check Icon
    Transparent fee structure
  • Check Icon
    Send money to email addresses
  • Check Icon
    Multicurrency account with debit card
  • Check Icon
    Multilingual website & app

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    User friendly mobile app
  • Circle Check Icon
    Multi-currency account
  • Circle Check Icon
    Travel debit card
  • Circle Check Icon
    No scheduled transfers
  • Circle Check Icon
    No dedicated account manager

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    +

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      How to send money to Egypt

      How To Step Icon
      Step 1
      Assess the competition before registering
      Assess the competition before registering
      Several companies offer services to send money to Egypt. Select the best one for your needs. Register as an individual or a business by providing the required information.
      Verifying your identity is usually part of the process.
      How To Step Icon
      Step 2
      Observe exchange rates prior to finalizing your deal
      Observe exchange rates prior to finalizing your deal
      Observe historical EGP exchange rates and look at the existing rate to determine if you wish to send money to Egypt.
      Use your service provider's website to get a rate quote by entering the desired transfer amount. Lock in the rate place by accepting the quote.
      This is when you will need to provide the recipient's Egypitian bank account details.
      How To Step Icon
      Step 3
      Make your payment and track the transfer
      Make your payment and track the transfer
      Use any of the available payment methods to pay for your transfer.
      Your service provider will transfer money into the recipient's bank account, after it receives your payment.
      You are informed of the estimated processing time in advance.
      Your service provider might send notifications about the transfer's progress via email and text messages. You may also check for updates by visiting the company's website.

      Currency Symbol and Swift Codes

      The Egyptian pound (EGP) is the official currency of Egypt. One pound id divided into 100 piastres or 1,000 milliemes. The frequently used abbreviations “LE” and “L.E” stand for “livre égyptienne,” which literally translates to “Egyptian pound” in French. The symbols £E and E£ are also used commonly to denote the Egyptian pound.

      When sending money to a bank account in Egypt, you will need the bank’s SWIFT code.  The table below lists SWIFT codes of some popular banks in the region.

      BANKBRANCHSWIFT CODE
      National Bank of EgyptCairoNBEGEGCX001
      Banque MisrCairoBMISEGCX101
      Commercial International BankCairoCIBEEGCX005
      Banque du CaireCairoBCAIEGCX030

       

      Case Study

      Omar moved to the U.S. as a student, and upon the completion of his studies he managed to get a job in the country. Once he became financially comfortable, he decided to start sending some money back home to his parents. While the American bank he banked with let him send money to Egypt, he was not sure if it offered him the best deal. He ran an online comparison and this is what he found.

       BANKMONEY TRANSFER SERVICE
      Exchange rate$1 = EGP 17.1404$1 = EGP 17.5234
      Transfer fee$20$0
      Amount received for $1,000EGP 16,797.59EGP 17,523.40
      Transfer time2 to 6 days2 to 3 days
      Transfer optionsBank accountBank account
      Difference of EGP 725.81

      Omar was glad he compared his alternatives because using the money transfer company instead of his bank resulted in his parents getting some extra money each time. In addition, he could schedule subsequent transfers if he so desired.

       

      Cash Pickup Locations in Egypt

      If you want to transfer money to Egypt quickly, or in case the recipient does not have a bank account, you can turn to companies that have offices or agent networks in the country. Your options include Western Union, MoneyGram, Ria, and WorldRemit.

      WESTERN UNION IN EGYPT 
      Cairo Aaib Maadi Branch, Road No 9 Maadi Palace Building Station Square CairoBank of Alexandria Tahrir 1 kasr El Nile St Cairo
      Alexandria Aaib Alex San Stefano Branch A30 San Stefano Mall AlexandriaAaib Alexandria Branch 73 En. Ahmed Mohamed Ismaiel Wabour Elmeyah - Alex. Alexandria
      MONEYGRAM IN EGYPT 
      Cairo Banque du Caire 11 Aly El Rouby Street Roxy Sqr. CairoThe United Bank 4 El Baroufia Street-Alghouria-Al Azhar Caire
      Alexandria Banque du Caire 67 Victor Emanuelle Street, Beside Summer Moon AlexandriaBanque du Caire 1 Hagar El Nawatiya Street Bakous Alexandria
      RIA MONEY TRANSFER IN EGYPT 
      Cairo Cargo Zone Al Mabna Al Motawar, EgyptAir Cargo Area Cargo Village, Customs Service, Cairo Airport CairoEl Fath 81 El Montazah St., El Nozha, Masr El Dedida Cairo
      Alexandria Gelim 78 Abdel Salam Aref St. AlexandriaSalah Salem 5 Salah Salem St. Alexandria

       

      Safety Tips for Picking Up Cash in Egypt

      Crime levels in Egypt are typically low, although instances of petty crime such as bag snatching and pickpocketing are not uncommon. Occasionally, foreigners and expats have been victims of muggings, car-jackings, armed robberies, break-ins, and sexual assaults. Car-jackers tend to target four-wheel drive vehicles and can strike at any time during the day. Be particularly careful when travelling alone in microbuses and taxis, and try not to be the last passenger left on a bus. Use hotel safes as and when possible.

       

      What Information Do I Need to Transfer Money to Egypt?

      You will need to provide different kinds of information to transfer money to Egypt, which varies depending on the desired transfer method.

      • Bank account. The information you need includes the recipient’s complete name, the recipient’s bank account number, the name of the receiving bank, and the receiving bank’s SWIFT code.
      • Cash pickup center.  You will need the recipient’s complete name along with a desired cash pickup location. To collect the money, the recipient will need to provide a reference number and an acceptable form of ID.

       

      Regulations When Transferring Money To and From Egypt

      Egypt placed strict controls on foreign currency movement after 2011, with the aim of minimizing outflow of capital from the country. In June 2017, it did away with all previously imposed limits on foreign currency transfers.

      According to Egyptian law, individuals and businesses may hold foreign currencies in Egypt, and they may maintain foreign currency-denominated bank accounts in the country. Individuals and free to buy and transfer foreign currency, although they are required by law to use licensed forex bureaus or banks.

      Convert USD to EGP

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      EGP
      Sending money online through specialist money transfer companies.

      Expect to receive between EGP1548.81 and EGP1558.19 when sending money from USD to EGP at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately EGP1486.23, not including additional banking fees. That is an average saving of EGP67.27.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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