Send Money from Canada to Co-operative Bank of Kenya account in Kenya

Co-operative Bank of Kenya, Kenya

The Co-operative Bank of Kenya is known for being a giant financial institution in Kenya, the largest economy in the East African Community. It is a commercial bank licensed to operate by the Central Bank of Kenya. As of December 2018, the bank has a large Kenyan customer base with over 7.5 million accounts. As a result of their rapid growth, the bank was awarded and recognized as the Best Bank of Kenya by the London Financial Times.

You send

They receive

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0.00 CAD

Estimated delivery

N/A*

How to Send Money to the Co-operative Bank of Kenya

With Remitbee, sending money to the Co-operative Bank of Kenya bank accounts in Kenya can be done in six easy steps:

  • Sign up for a free Remitbee account. You can do this easily online. A Remitbee account also gives you access to a private Remitbee Wallet and a secure account in our system.

  • Provide information about yourself. Please include your name, occupation, and address. Then, verify your email and phone number.

  • Tell us where to send your money. Provide the bank details for the recipient account. This should include their account number and bank name. There is also an option for the recipient to pick up the money or have it go straight into their account.

  • Confirm that the exchange rate for CAD to KES is satisfactory. Then, enter the amount you want to send, select your payment method and confirm your transfer. Although conversation rates may change daily, the fees for each payment method are fixed.

  • You’ve completed the transfer - we’ll take care of the rest. You can track your transfer and keep an eye on it in the Remitbee app. Watch as it arrives in Kenya!

  • Be a Hero! Anyone who sends money online to Kenya to support their family is a hero. Our job is to help provide a service fit for a hero.

What are the benefits of sending directly to the Co-operative Bank of Kenya?

There are many benefits to sending directly to the Co-operative Bank of Kenya with Remitbee. Here’s a quick overview:

  • It’s more secure. Sending money online can be more secure, easy, and efficient in comparison to sending it offline.

  • With Remitbee, everything is faster. You could have your money delivered instantly!

  • Anywhere and anytime! You can do it from the comfort of your home as long as you have an internet connection.

  • Your money can be accessed by the recipient as soon as the transfer goes through

What information you’ll need to complete the transfer

There are different requirements for the information you need to provide for the two separate delivery methods:

Wire transfer to bank accounts

  • The first step is to provide us with your recipient’s name, exactly as it appears on bank statements. This will prevent delays in your transfer.

  • We need the address of the branch you are sending the money to so we get it to the recipient’s city.

  • Let us know the bank name in Kenya that you are sending money to.

  • The account number of your recipient. This is to make sure we’re sending money to the right account.

    Cash Pickup

  • Same as the wire transfer requirement. We need your recipient’s name exactly as it appears on bank statements.

  • The phone number of the recipient.

  • The name of the bank or other financial institution where the recipient will be picking up the money.

How Remitbee calculates the CAD to KES exchange rate

With Remitbee, we strive to keep fees as low as possible by assessing rates daily to bring you the most competitive Kenyan Shilling exchange and the Co-operative Bank of Kenya forex rates on the market. There are still small fees when you choose to fund your transaction with a bill, Interact or debit card payment method. However, Remitbee always has a solution to help customers save more. Using the Remitbee Wallet can waive most fees. We are always upfront about any costs, and you can see exactly how much you will be charged before you send money.

Send money to all major Banks in Kenya

How international money transfers work

All international wire transfers use the SWIFT network to take place. Transfer instructions are sent from the sender’s bank to the recipient’s. Any fees that apply are assessed before the transfer is approved. Once one of the banks has calculated the exchange rate, the money is moved between accounts. This is how a Co-operative Bank of Kenya international money transfer will work as well.

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Frequently Asked Questions

Yes!

Payments can be made using Interac e-Transfer, Bill payment, Electronic Funds Transfer, Interac Online, Mastercard Debit, or Visa.

The transfers usually take between 1 to 2 days, but some can happen instantly.

Once a customer verifies their identity on our platform, they can send up to 9,000 CAD per day, with a maximum of 50,000 CAD per month.

Any transfer over 500 CAD is free. Transfers below 500 CAD are subject to the following fees:

  • Interac Online - $2.99
  • Visa or Mastercard Debit - $2.99+
  • E-transfer - Free
  • Bill Payment - Free
  • Electronic funds Transfer - Free

Although the rate changes daily, the current CAD to KES exchange rate is 1 CAD for {{KES}} KES.

The maximum amount of money you can send in KES is dependent on your account’s verification level.

Verification Level 1 (The minimum level) allows you to send 50 CAD per day, and up to 500 CAD in a month.

Verification Level 2 is our recommended level. This level allows customers to send up to 3,000 CAD daily, and up to 25,000 CAD monthly.

Verification Level 3 is recommended for users who need to transfer larger amounts of money. This level allows you to send 9,000 CAD daily, and up to 50,000 CAD monthly.

Verification Level 4 is currently in progress and will provide our customers with even higher sending limits!

Verification is a one-time process. Once you have been verified, there is no need to provide any other documents.

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