The Egyptian Pound (EGP) has experienced significant devaluations in recent years. The official rate and parallel market rate have at times diverged significantly, though the Central Bank of Egypt has moved toward a more flexible exchange rate regime. Always check the live rate on this site before initiating any transfer to ensure you are getting a fair deal.

Best Services for Sending Money to Egypt

Wise offers close-to-mid-market rates with transparent fees — ideal for USD, EUR, or GBP to EGP transfers. Western Union has extensive cash pickup locations across Egypt, making it ideal when the recipient needs physical cash quickly. Remitly offers competitive rates with promotions for first-time senders. For large transfers, your bank's SWIFT transfer may be competitive after accounting for all fees.

Bank Transfers and Receiving Options

Most major Egyptian banks — Banque Misr, National Bank of Egypt, CIB, and QNB Al Ahli — accept incoming international SWIFT transfers. The recipient needs to provide their IBAN, the bank's SWIFT/BIC code, and their national ID. Transfers typically settle within 1–3 business days. Some banks charge a small incoming wire fee — ask your recipient to check in advance.

Cash Pickup and Mobile Wallets

Western Union, MoneyGram, and Ria have widespread agent networks in Egypt, including in post offices and pharmacies. Recipients can pick up cash with a tracking number (MTCN) and their national ID. Mobile wallets like Vodafone Cash and Fawry are also popular for receiving funds and can be loaded via some transfer services.

Tips to Get the Best Rate

Compare the total cost — not just the fee. The exchange rate markup is often larger than the flat fee. Send online rather than at an agent location (online rates are consistently better). Avoid sending on weekends or Egyptian public holidays when rates may be wider. For regular transfers, set up a recurring transfer with a provider that offers loyalty rates.