How you choose to send money to Egypt will depend largely on who you are sending the money to and how often you want to make a transfer.
But whether you want to transfer your pension, send money to friends or family or make payments on a property in Egypt, it is worth doing a bit of research to find the most suitable service for your needs.
If your recipient has access to a bank account then you might want to use a bank in your country of residence to send money to Egypt.
You should be able to set up the transaction with one visit or phone call and you can rest assured that your money is being moved by a trusted money transfer provider.
But if you want to send Egyptian pounds to somebody who does not have access to an account with the Bank of Alexandria or Banque du Caire, for example, then you might need to look into using a Money Sending Bureau instead.
These are small establishments found on high streets and in shopping malls around the world which will permit you to send money to anyone in Egypt who can get to a corresponding bureau to pick up the cash.
Unfortunately, both banks and bureaus come with some additional costs. Neither are likely to offer consumers a very competitive Egyptian pound exchange rate and on top of this you can expect to pay large per-transfer fees every time you want to move money internationally.
Banks should be slightly cheaper than bureaus, since the latter have been known to charge around ten or 15 per cent of the transaction value.
However, there is a third option: you could use specialist money transfer provider to send money to Egypt.
Xendpay can provide you with a cheaper, easier and more convenient way to send your money to Egypt. Payments can be made 24/7 online and you will save both time and money thanks to our low transfer fees, competitive exchange rates and zero commissions.
Open a free Xendpay account now to see how much money you could save.
