Transfer Money Now
Main Services: International money transfers, remittance services, mobile transfers
Transfer Objective: One time/ Recurrent
Transfer Method: Direct to Bank, Cash pick-up, Mobile top-up
Min Transfer Amount: $15
- Great on mobile transfers
- Easy to send or receive money
- Good for remittance services
Main Services: International money transfers, cash pickup, remittance services, mobile transfers
Transfer Objective: One time/Recurrent
Transfer Method: Bank transfer, Phone/App, debit or credit card, cash pick-up
Min Transfer Amount: £0.01
- Locked-in exchange rates
- 145+ years of experience in moving money
- Tracking options for transfers online
- 0-3 days of delivery (depends on destination)
Up to 24h
Main Services: Send money online, bank transfers, telephone transfers. Send money to family and friends, emigrate, buy a property overseas or make regular maintenance payments.
Transfer Objective: one off/regular transfers
Transfer Method: Electronic bank transfer, UK debit card, UK direct debit
Min Transfer Amount: £100
- Free transfer fees
- Free to open an account
- Transfers by phone, online or App
- Safeguarded customer funds
- Longstanding FX provider since 1979
Up to 24h
More than 48h
More than 48h
Up to 24h
One of the first things that you need to do when considering an international money transfer is to make a research of the providers, including exchange rates, speed of transfer, and credibility of the companies which you are considering (For example, both Western Union and MoneyGram as the two biggest players, for instance, offer $0 transfer fee from your bank to the National Bank of Egypt, Al Baraka Bank, Banque Du Caire, and other major banks.)
Follow the link to get the main checklist on how to compare.
Things have improved in the last year with the integration of Xoom into PayPal’s service , which allows payment direct to a Egypt bank account, but fees are still high. Works for both personal and business payments.
The limit per one transfer may vary depending on the conditions of the provider that you are using. For example, the maximum amount per transaction through Western Union is USD $5,000. Local country laws may further limit payment amounts. Maximum amount per transfer to Egypt is PKR 500,000.There may be even lower limits depending on the country where you are sending from and the payment method used to fund the transfer.
Just in 2017 Egypt’s central bank removed limits on international currency transfers, scrapping a $100,000 monthly limit on individual bank transactions in a long-awaited reform. Please check the local regulations of the sending location and the chosen agent.
Depending on the type of remittance and the provider you are using, the transfer could be available to your recipient in Egypt anywhere between few minutes and few days. Please check the specific conditions fitting your case. The process of receiving a money transfer in Egypt will vary by provider and delivery method. In general, your recipient will provide ID or a confirmation number for the transaction to receive your funds. If your recipient owns an account at a Egypti bank or money transfer company, they may not need to provide this information each time you send money.
Most of the financial institutions have online tools on their website that allow you to track the money transfer. If you have carried out the money transfer to Egypt via a bank, you can track your transaction by the tracking number and beneficiary’s account no. on the bank’s website.
When you send money via services like MoneyGram, Western Union, XendPay or PakRemit, both you & your receiver can always track your transfer from the account on their website. Some of these institutions even provide updates via email and SMS where the sender and the receiver can keep a check on the status. A few companies like TransferWise, and Xoom also have mobile apps that enable customers to check the status of transfer on their mobile devices.
For the most cases, the answer is no, but be sure to check your specific case regarding the chosen agent, transfer method and the sending location.
There are no inheritance, estate, and gift taxes in Egypt. Make sure to still check the most updated information & specific conditions fitting your case.
When you’re sending money overseas, in many cases you’ll need to convert the funds you send into another currency, such as U.S. dollars into Egyptian Pound (EGP). But with remitting to Egypt it is not the case. The receiver in Egypt could be paid out in either USD or Egyptian Pounds (EGP), depending on the delivery method selected.