Send money to
Development Bank Account
Pay with
Estimated delivery time
Fast and secure
Why choose Development Bank?
The Development Bank of Ethiopia is a specialized state-owned development financial institution. The Public Financial Enterprises Agency supervises this bank in Ethiopia. This bank is the first development finance institution in the country. The Development Bank of Ethiopia promotes the economic development of the country and their clients by financing commerce, industry, agriculture, and manufacturing.
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We have thousands of happy Remitbee users to back it up
Almaz
The operational procedures at my company have temporarily changed as a result of Remitbee. It's a blessing to be able to transfer money to my family's bank account. The service is incredibly easy to use, and the customer support team is excellent.
Abel
I had a good experience with Remitbee. Sending money home only takes a few seconds, and I haven't had any issues doing it for more than a year. I wholeheartedly endorse it.
Desta
I like using Remitbee! It's straightforward to send money in seconds, and I've had no difficulties using it for over a year. I strongly suggest it!
Easy with Remitbee
How to Send Money to Development Bank
Set up a free Remitbee account
Download the RemitBee app on your smartphone or visit the RemitBee website. Sign up for a free account to have a secure account in our system and access a private RemitBee Wallet.
Secure Verification
Share the following information about you: complete name, address, and occupation. You should also verify your email and phone number.
Enter Location and Payment Method
Select Ethiopia as the country you will send money to. When it comes to the receiving method, you can choose between “to bank account” or “mobile top-up.” Since you will be sending money to a Development Bank of Ethiopia account, you should select the first option.
Enter Bank Detials
Share the following information about the person you will send money to: full name, phone number, and bank details.
Track Your Transfer Progress with Remitbee App
Review all the details you gave before clicking “Confirm.” We will notify you and your recipient once the remittance transaction has been completed.
Send to all major banks in Ethiopia
What information you’ll need to complete the transfer
Wire Transfer to Bank account
Recipient's name:Your beneficiary’s complete name as it appears on their bank statement- Address:Your beneficiary’s mobile number and address
- Swift Code:SWIFT Code for Development Bank of Ethiopia (DEETETAAXXX)
- Account Number:Development Bank of Ethiopia account number of your receiver
RemitBee offers the best CAD to ETB exchange rate
Money is the result of your hard work, so you must maximize it, even when you plan on sending it to your loved ones in Ethiopia. We ensure that you’ll get the best CAD to ETB exchange rate for minimal fees when you remit using RemitBee. You can check in advance how much we will charge you when you use a credit card to finance your remittance. If you want to save more, using your RemitBee Wallet is the way to go.
What are the benefits of sending
directly to Development Bank?
directly to Development Bank?
Trust
Our financial services are guaranteed swift, secure, and affordable to maximize your money’s potential.
Effortless Trasnfer
Our services are 100% online, so you can send money anytime. You only need your smartphone or personal computer to send money.
Reliability
We can deposit the money you sent directly to your beneficiary’s Development Bank of Ethiopia account.
Complimentary
When you send at least $500 in one transaction, we will waive your money transfer fee so you can save more.
Check our refer and earn program!
Discover the attractive referral program by RemitBee, presenting fantastic rewards! Earn a generous $20 reward for each successful referral and gift your friends a $10 reward upon their first transaction using your exclusive code. To qualify, your friend only needs to send a minimum of C$200 or exchange at least C$1,000. With abundant referral opportunities, embark on your earning journey with RemitBee today!
Best way to send money from Canada on the go
Created for our customers on the go, the Remitbee app has all the functionality you expect from the website compacted into your iPhone or Android device! Designed for speed, efficiency and safety, our app is the best way to use Remitbee.
Frequently Asked Questions
Can I transfer money from Canada to the Development Bank of Ethiopia account with RemitBee?
Yes. We can directly deposit the money you sent to your receiver’s Development Bank of Ethiopia account because we are partnered with this bank.
How can I pay for my money transfer to the Development Bank of Ethiopia account?
Choose among these available options: Visa or Mastercard Debit, Interac Online, Electronic Fund Transfer, e-Transfer, or bill payment.
What receiving methods RemitBee offers for money transfers to Ethiopia?
We offer bank transfers and mobile top-ups as receiving methods when sending money to Ethiopia. If your beneficiary is not a bank account holder in Ethiopia, you can choose the mobile top-up option. Your receiver’s phone number is required for this option. You should also choose between Amole or HelloCash.
Can I send money to Ethiopia for free?
Yes. Remit at least $500 in one transaction so that you can send money for free. If you send below this amount, here’s the minimal cost we will ask you to pay:
Interac Online, e-Transfer, bill payment, and ETF - $2.99
Visa or Mastercard Debit - starts at $2.99
How much can I transfer from Canada to Ethiopia using RemitBee?
The highest amount you can send from Canada to Ethiopia using RemitBee within a day will depend on your account’s verification level, so take the one-step verification process when you sign up with us.
Level 1 (basic verification): $50 daily or up to $500 monthly.
Level 2 (what we recommend you get): $3,000 daily or up to $25,000 monthly.
Level 3: $9,000 daily or up to $50,000 monthly.
We are also working on our Level 4 verification to have higher sending limits.