→Money Transfers

ABC Bank is your One-Stop-Shop for all money transfer services with the Kenyan Diaspora worldwide. We have partnered with different vendors around the world to make it fast, secure, cost effect and reliable for you to conveniently send and receive money whatever the amount, to and from your loved ones.

M- Pesa

This is the number one local money transfer solution in Kenya where money is moved from one registered user within the Safaricom network to another registered user through the use of phones. With ABC Bank, you will be able to load your M-Pesa account straight from your ABC account and send money, pay bills or make bulk payments.

As an ABC Bank SME or Corporate account holder, you can obtain an M-Pesa PayBill number where your clients can directly remit payments into your account using M-Pesa. 

Western Union

Western Union is an international Money Transfer solution that targets more than 320,000 people in North American, Europe, part of Asia and Southern Africa - more than 200+ countries. ABC Bank is pleased to announce that we are one of the vendors in Kenya that can facilitate this transfer for you safely, securely and reliably.

RIA Money

Do you constantly send funds within and out of Europe? Do you have family in Kenya that need to receive the money at a bank there? Then RIA money is the money transfer you need.  As ABC is a receiving agent for this solution, there are NO CHARGES for this service.

Instant Cash

ABC Bank is the preferred partner of Instant Cash and is designed for our clients in UAE and Dubai. It is a Cash to Cash or Cash to Account instant money solution.

Real Time Gross Settlement (RTGS)

Banking with us will allow you to easily transfer money locally from one bank to another in 'Real Time' meaning payments are not subjected to any waiting time; on 'Gross Basis' meaning it is settled on a one-to-one without batch processing with any other transaction; and on ‘Same Day’ meaning your clients will receive it on the same day, as long as it was sent before the cut-off time of midday.

Electronic Funds Transfers (EFT’s)

With ABC Bank you can directly transfer funds locally from one bank account into another bank account with EFT using a local clearing house. You can transmit both credit transfers like payroll payments for employees here; as well as debit transfers like for a mortgage payment on an investment here.

Foreign Demand

This is an international money transfer instrument that is issued by a bank against its correspondent bank, i.e. where it maintains its account. It is a guarantee by the bank for payment. ABC Bank performs this transfer in British Pound / Euro / Dollar / S.A. Rand / Indian Rupee.

SWIFT

ABC Bank is part of the SWIFT network (Society for Worldwide Interbank Financial Telecommunication) that securely transfers foreign currency funds inward and outward using the SWIFT Channel. This type of international money transfer is ideal for corporate clients with high priority transactions. There are NO Limits on amounts to transfer but amounts above $ 10,000 need to furnish supporting documents.

If you would like to be contacted by one of our Diaspora Team members or would like to obtain additional information on any of the local or international money transfer solutions above, please send an email to diaspora@abcthebank.com and we would be happy to assist.

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