How do I transfer money to Kenya?

Are you looking for a way to transfer money to your friends and family to Kenya? According to the Central Bank of Kenya, in 2012 the remittances to Kenya hit SH9.2. Be the next one to send money to Kenya.

With Xendpay you will get a great exchange rate for the Kenyan Shilling and can transfer money for a low fee online, 24/7 from any location.

  • Finding the best way to transfer money to Kenya

When you make the money transfer from the UK to Kenya you will need to convert the currency that you are paying with (most likely GBP) in to Kenyan Shilling, so you will ideally want to find a money transfer service that charges low transfer fees and offers a great exchange rate so your money goes further when you are purchasing Kenyan Shilling.

In the past, the choice of international money transfer services would have been limited to a bank and these services would see the customer being met with significant costs. Now however there are a number of alternatives to banks and competition between the banks has also increased, so money transfers to Kenya from the UK are becoming more and more affordable.

  • So what are the options?

A bank: Indeed banks are becoming more competitive and there are a number of banks that will enable you to transfer your money relatively cheaply. Making the money transfer through a bank could however be costly dependent on which bank you use, as there are a number of banks that still charge large transfer fees and offer poor rates of exchange. Another downside of making the money transfer through a bank is that often it takes a number of days for the funds to be credited to the recipient's bank account, as long as five days, which is not ideal if you wish to get the money to your recipient quickly.

A money sending bureaux: A money transfer service provider such as Western Union or MoneyGram could be the ideal alternative to a bank as this can see your money received much quicker than if the money was transferred though a bank. Making the money transfer to Kenya through a money sending bureaux could be cheaper than transferring the money through a bank as the transfer fees are likely to be more competitive than those banks charge. The downside of money sending bureaux is that their exchange rates are often fixed, so the rate will not reflect price movements which occur every second and you will not be able to benefit from favourable exchange rates when these become available.

  • Xendpay : The ideal way to transfer money to Kenya

Making a money transfer to Kenya can be really simple and a lot cheaper if you transfer the money through a foreign exchange specialist such as Xendpay. Specializing in foreign currency exchange and international money transfers, Xendpay allow you to make your money transfers to Kenya cheaply. When you make your UK- Kenya money transfer through Xendpay you will benefit from a market leading exchange rate for the Kenyan Shilling and will pay a low transfer fee that will be less than a bank or most money sending bureaux would charge. To find out the currencies that we trade and our transfer fees please visit our pages.

Making the money to Kenya through Xendpay.com will be really simple as we have an online payments platform that is available to take you payment instructions 24/7, so you will be able to login to your Xendpay account and transfer money from the UK to Kenya at your own convenience. Open a free account in a few minutes. 

 As Xendpay is a member of the SWIFT banking network the money will be credited to the recipients bank account within 1-3 days of us receiving your funds, which is often much faster than other money transfer service providers.

Send your money now to Kenya.

For more information, www.xendpay.com.

 

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