About National Bank of EthiopiaHistory of Banking and Money in EthiopiaFinancial_activities.gif (1517 bytes)EIBIpublications.gif (1263 bytes)Monthly Economic and Financial Review

Home |TOC

The list below shows Remittance service providers (RSP'S) who work in collaboration with
Local Commercial Banks .The table shows the Dollar range of amounts transferred
and the respective charges levied by the transfer agents.
This table is updated on Jan 25, 2008

 Wegagen  Bank, S . C

 No.  Name of the RSP Schedule of charge levied to effect the transfer
    Dollar range of transferring amount Service charge/Commission levied
1 Dahabshiil   0.5% on amount transferred
2  Express Money Transfer   3.3% of every transaction
3 KAAH Express   0.5% on amount transferred
4 Mustaqubal Transfer Service   0.5% on amount of transferred
5 Amal Express Money Transfer   0.5% on amount transferred
6 Cosmopolitan Ltd.   0.25% on amount transferred
7 Bahrain Financing Company <$600 $4.00
    $ 601 - 2500 $9.00
    $2501-5000 $17.00
8 Horaizon Exchange   $1 per transaction
9 Quaran Express   .5% on amount transferred
10 Tewakal money transfer   0.5% on amount Transferred
11 Olympic Ltd.   0.5% on amount transferred
12 ARY <2500 $2 per transaction
    >2500 $2.50 per transaction
       

Nib International Bank

No. Name of the RSP Schedule of charge levied to effect the transfer
  Dollar range of transferring amount Service charge/Commission levied
     
1 Money gram   22%
       
2 Atlantic International <$1000 2%
    $1001 and above 1.50%
       
3 Addis International <$100 $5.00
    $ 101-500 4%
    $5,001 and above 2%
       
4 DERASH   $ 5 flat
     
5 HODAN   1%
       
6 SAGAL   3%
       
7 Express Money   -
       
8 VIGO <$100 $7.99
    $100 - 500 $9.99
    $ 500 - 1000 $14.99
    $1000 and above 2%
     

Commercial Bank of Ethiopia

  Schedule of charge levied to effect the transfer
 No.  Name of the RSP Dollar range of transferring amount Service charge/Commission levied
       
       
1 LARI Exchange   20 Drham per transfer
       
2 Zenji Exchange   To be provided upon receipt
       
3 Alamoudi Exchange   10 Riyal per transfer
       
4 Western Union   See Western union's work sheet
       
     

United Bank S.C.

No.   Name of the RSP Schedule of charge levied to effect the transfer
    Dollar range of transferring amount Service charge/Commission levied
1 Maniflo Money Exchange, INC <150 5
    150.01 -      300.00 7
    300.01 -      400.00 9
    400.01 -      500.00 10
    500.01 -      700.00 13
    700.01 -      900.00 15
    900.01 -   1,000.00 17
    1,000.01 - 2,000.00 25
    3,000.01 - 4,000.00 40
    4,000.00 and above 1.20%
     

Bank of Abyssinia

No. Name of the RSP Schedule of charge levied to effect the transfer
  Dollar range of transferring amount Service charge/Commission levied
1 Adams Funds Transfer $ 1.00 - $300.00 $10.00
  Services, LLC $300.01 - $500.00 $15
    $500.01 - $700.00 $20.00
    $700.01 - $900.00 $25.00
    $900.01 - $1,200.00 $35.00
    $1,201.01 - $ 1,500.00 $40.00
    $1,501.01 - $2,000.00 $50.00
    $2,001.01 - $2,500.00 $60.00
    $2,501.01 - $3,000.00 $70.00
    $3,001.01 - $4,000.00 $80.00
    $4,001.01 - $5,000.00 $100.00
     

Construction & Business Bank S.C.

No. Name of the RSP Schedule of charge levied to effect the transfer
    Dollar range of transferring amount Service charge/Commission levied
1 Western Union Money Transfer   15%
     

Dashen Bank

No. Name of the RASP Schedule of charge levied to effect the transfer
    Dollar range of transferring amount Service charge/Commission levied
1 Western Union Money Transfer   See western Union's work sheet
       

Cooperative Bank of Oromia (S.C.)

No. Name of the RSP Schedule of charge levied to effect the transfer
    Dollar range of transferring amount Service charge/Commission levied
1 Global Financial Exchange    
  Holding PLC.   0.75%