Transfer Money to Egypt

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About Money Transfers to Egypt

Whether you are importing goods from Cairo or buying a dream home in Sharm-el-Sheikh, foreign exchange will play an important factor. Given the exchange rate varying and the value of the Egyptian Pound moving on a daily basis, it is imperative to protect yourself against currency fluctuations. With the support of our service, we will supply you with expert financial knowledge to ensure that you maximise the value of your money when transferring Pounds to Egypt.

We aim to put your mind at ease with a service that is unrivalled as we strive to save you a substantial amount of money and considerable amount of time when you need to send money to Egypt.

Last updated: May 08, 2014 Our methodology

Quick Facts: Egypt

Key information for sending money to Egypt

Transfer Speed
2 working days
Local Currency
EGP
Income Tax Rate
10-20%
Avg. Property Price/m²
5,280.76 EGP
Avg. Monthly Rent (3 bed)
3,574.49 EGP
IBAN Required
Yes

Money Saving Tips for Egypt

Expert advice for your international transfer

Buying property in Egypt is complicated and investors should be cautious of the complex ownership and registration process.

The Egyptian entry visa is the first step for applicants hoping to gain an Egyptian permanent residency.

Prospective expats should be aware of unsatisfactory hygiene conditions and are advised to take out private medical insurance.

Hurghada, lying on the shore of the Red Sea, is the newest resort for affordable getaway homes from as low as £50,000.

What You Need to Send Money to Egypt

Checklist of recipient bank details required

IBAN e.g. EG1100006001880800100014553
International Bank Account Number
SWIFT/BIC Code e.g. BANKEGXX
Bank identifier for international transfers
Account Number
Recipient's bank account number
Account Holder's Name
Full name as it appears on the bank account

Popular Banks in Egypt

Union National Bank Egypt HSBC Bank Egypt Arab Banking Corporation Barclays Bank Egypt Bank of Alexandria Banque du Caire

"When sending money to Egypt, always compare multiple providers. The exchange rate is important, but don't forget to factor in transfer fees and delivery times. For larger amounts, even small rate differences can translate to significant savings."

— MyCurrencyTransfer Editorial Team

Frequently Asked Questions

Common questions about sending money to Egypt

What is the cheapest way to send money to Egypt?

The cheapest way to send money to Egypt depends on your transfer amount. For larger transfers (over £1,000), specialist providers like Wise or OFX typically offer better rates than banks. Compare providers above to see which offers the best deal for your specific amount.

How long does it take to transfer money to Egypt?

Most transfers to Egypt are completed within 1-3 working days. Some providers offer same-day or next-day delivery for an additional fee. The exact time depends on the provider, payment method, and whether the recipient's bank processes weekend transfers.

What information do I need to send money to Egypt?

You'll typically need: the recipient's full name (as it appears on their bank account), their bank account number, the bank's SWIFT/BIC code, and for some countries an IBAN. You may also need the recipient's address and the bank's name and address.

Are money transfer services safe to use?

Yes, the providers we compare are regulated by the Financial Conduct Authority (FCA) or equivalent regulators. They must keep your money in segregated accounts and follow strict anti-money laundering procedures. Always check a provider's regulatory status before sending money.

Should I use my bank to send money to Egypt?

Banks are generally more expensive for international transfers due to higher exchange rate margins and fees. Specialist money transfer providers typically offer rates 2-4% better than banks. Use our comparison to see how much you could save.

How to Transfer Money to Egypt

  1. Compare providers

    Use the comparison table above to find the best exchange rate and lowest fees for your transfer amount.

  2. Create an account

    Click through to your chosen provider and register for a free account. You'll need your email address and basic personal details.

  3. Verify your identity

    Upload ID documents as required (passport, driving licence, or national ID). Most providers verify within 1-2 business days.

  4. Enter recipient details

    Add your recipient's bank account details including their name, account number, and SWIFT/BIC code.

  5. Fund and track your transfer

    Pay by bank transfer or debit card, then track your money until it arrives. Most transfers complete within 1-3 working days.