Co-op Bank’s ‘one-stop shop’ service, diaspora money transfer solution
You can now send money to your loved ones outside the country conveniently and affordably with the diaspora money transfer solution.
The facility is intended to give Kenyans abroad including Diaspora Saccos a ‘one-stop shop’ service.
Co-operative Bank has a bouquet of money transfer solutions for you to choose from.
Transfast withdrawal service is now available at any Co-operative Bank branch near you.
This can be used in; Middle East, United States of America(USA), United Kingdom(UK) and Kenya.
What you need to provide:
• Transfast PIN
• Customer identification document e.g. ID, passport, alien certificate etc.
• Full names of the sender
• Full names of the receiver
• Amount expected
You can also receive funds directly into your account or to your mobile wallet if the sender indicated so when sending the money.
Co-opRemit is a money transfer solution that allows Co-op Bank customers to send money to a mobile wallet or bank account outside Kenya conveniently and affordably.
Co-opRemit is ideal for Micro, Small, and Medium Enterprises(MSMEs), parents with children studying abroad, as well as persons with relatives seeking medical treatment abroad.
“You can send a maximum of Ksh 1,000,000 per day and you will be charged between USD 2.50 and USD 12.50* depending on the amount you intend to transfer,” says Co-op.
Co-opRemits enables you to send money instantly to mobile numbers across Africa.
It is affordable, safe and available country-wide at any Co-op Bank branch.
“Access to dedicated money transfer counters across all our branches. Make sure there are enough funds in your account.”
Visit your nearest Co-op Bank branch with the following:
- Your official identification document (ID, passport, etc.).
- Destination Country.
- Details of the recipient
- If you are sending to a Bank Account: ensure you have account details of the recipient including name, name of Bank, Branch and Bank Account Number.
- If you are sending to a Mobile Number: ensure you have the contact details of the recipient including name, mobile number, and name of the mobile service provider.
You can pick a ticket for money transfer services at the counter, provide the dully filled Co-opRemit form and your identification document (ID, passport, etc.) to the teller.
The teller will process the transaction and issue you with a receipt that has a unique transaction reference The funds will be credited to the recipient’s account or mobile number.
It is accessible within these regions; Uganda, Burundi, Rwanda, Zambia, Malawi, Botswana, Ghana, India, Rwanda, Tanzania, China, UK, Turkey, Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Portugal, San Marino, Slovakia, Slovenia and Spain.
Instant Cash is a safe, secure and fast means to send cash from over 250,000 locations.
It can be used in; United Arab Emirates, Qatar, Nepal, India, Pakistan, Bangladesh, USA and Kenya.
Benefits:
Instant credit to your Co-operative Bank Account (individual, business, institution accounts and Sacco), mobile wallet and other bank accounts in Kenya.
The service is affordable.
For institution and Sacco accounts: Make sure to provide a clear reference so that your payments can be identified by your recipient.
“This could be your invoice number, a student’s name or Sacco member number,” says Co-op.
Further, you can send money into your Co-op bank Diaspora account via Xpress Money within minutes with low fees and great exchange rates.
Xpress Money is a secure International money transfer in more than 160 countries.
Download the Xpress Money App or visit their website today.
The Xpress Money can be used in Middle East, USA, UK and Kenya.
Into the bargain, WorldRemit is a safe, secure and fast means to send cash to your Co-operative Bank account from 120 destinations.
Benefits
- Instant credit to your Co-operative Bank Account (individual, business, institution accounts and Sacco).
- Deposit funds to your account both in KES and USD
- It is affordable.
It can be used within Europe, Asia, Australia, USA and Kenya regions.
In addition to, you can send money from the USA to a Co-op Bank Kenya account from the comfort of your home or workplace or from any computer with an internet connection.
According to Co-op, there are no long lines and no need to interrupt your busy day to travel to a merchant, agent or bank to send money.
Simply log on to www.PoaPay.com , register as a user, enter your recipient’s contact information, the amount you wish to send and send the money.
PoaPay can be used in USA and Kenya.
Along with the PoaPay, Wave is a fast, safe and affordable way to send money into your account at Co-operative Bank from the United States.
Sending money via wave is as simple as sending a text message.
The funds arrive instantly into the Co-operative Bank account.
Install the wave app into your mobile phone from Google Play Store or Apple App stores.
Wave can be used in USA and Kenya.
“We are authorized agents for Western Union services, the services can be accessed from any of our over 140 branches countrywide,” says Co-op.
Western Union can be used in Kenya and USA.
MoneyGram services can also be accessed from any Co-op bank of over 140 branches countrywide.
Wire transfer can be used worldwide.
For more information on the diaspora money transfer solutions, follow this link to their website. https://campaign.co-opbank.co.
