Need to transfer money to Kenya? Thinking about a bank wire to send the money to Kenya? Before you walk into your bank to organise it, make sure you check out the wire transfer fees. You may get a shock as to how much the costs will be and depending on the amount of the transfer, it might not be worth sending the money by bank wire transfer to send the money by other means.
What can make it worse is in addition to your bank imposing a fee for sending the funds to a bank in Kenya, the person getting the transfer of money may also be charged a fee at their end. A way to minimise the likelihood of the fee is to send the international wire transfer in their local currency.
To process a wire transfer to Kenya, you may need a SWIFT code. These are unique codes for each financial institution and are based on references such as the bank and country.
SWIFT Country Code
Central Bank Name
Central Bank of Kenya