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Ethiopia being a third world country she s taking baby steps towards modernized finance. In doing so she s incorporating different kinds of computerized systems. The most recent one is The Ethiopian Transfer System. This system enables customers to engage any branch of the bank where they possess an account and deposit or withdraw in their convenience. It also enables customers from different banks to transact with out wasting anytime going to each others banks. Especially with the private sector being the driving force in the country s Business sector the handling of cheques and other money connected transactions in a very organized, fast and safe manner is and issue the government has been working on. There for in this senior Essay I tried to look for the newly established transfer system, its benefits, problems faced while implementing and different aspects of the system.