Equity Bank International Money Transfer

Equity Bank of the Republic of Kenya allows people from outside Kenya and Kenyan citizens working abroad to send money to this financial institution from banks that allow customers to send money internationally. Transactions are made in multiple currencies such as AUD, EUR, GBP, USD, etc. An Equity Bank international money transfer can be made from 150 nations across the world. This Kenya-based financial institution charges transaction fees, SWIFT charges, and Exchange rate charges on any money received from beyond the border. 

How to Send Money to Equity Bank?

People of Kenya working in nearly 150 countries worldwide can send money to their families using the SWIFT transfer network and WorldRemit service portal. To make an Equity Bank international money transfer, Kenyans can use several payment methods: Mobile Money, Cash Pickup, and Bank Deposit. 

To make overseas transactions from Banks that allow people to send money internationally to Equity Bank, Kenyan citizens can follow the below-mentioned guidelines and know about other relevant information. 

SWIFT Transfer

Kenyan citizens residing in foreign nations can send money to Equity Bank from different banks that permit overseas transfer through SWIFT. This transfer service allows instant and seamless transactions from anywhere in the world. Given below are the SWIFT code and other details for transferring money from different countries:

Cities, Countries	Currencies	SWIFT Code/IBAN Code	Beneficiary SWIFT Code
New York, USA	USD	CITIUS33	EQBLKENA
London, UK	GBP	CITIGB2L	EQBLKENA
Frankfurt, Germany	EUR	CITIDEFF IBAN: DE48 5021 0900 4116 9310 07	EQBLKENA
Johannesburg, South Africa	ZAR	SBZAZAJJ	EQBLKENA
Japan	JPY	CITIGB2L	EQBLKENA
Canada	CAD	CITIGB2L	EQBLKENA
Australia	AUD	CITIGB2L	EQBLKENA
Switzerland	CHF	CITIGB2L	EQBLKENA
Sweden	SEK	CITIGB2L	EQBLKENA
Norway	DKK	CITIGB2L	EQBLKENA

Also Read: How to Transfer Money Using IBAN?

WorldRemit Transfer

Equity Bank international money transfer from other countries is permitted through WorldRemit. To send money to Kenya via this transfer service, an individual must follow the instructions given below:

• Visit the WorldRemit portal/website.
• Create an account. 
• If sending to a new recipient, fill out the details of the new receiver. If transferring to an existing recipient, select the details of the old receiver.
• Select the ”‘Bank Transfer” option on the “Send To” menu on the website.
• Choose the payout network, which depends on the currency.
• Fill out the transfer amount.
• Click on “Send” to proceed with the transaction.

Also Read: Western Union International Money Transfer

Acceptable Currencies

People sending money to Equity Bank can send money from overseas in any of the following internationally-accepted currencies:

• Kenya Shilling (Kshs)
• United States Dollar (USD)
• Pound Sterling (GBP)
• Swedish Krona (SEK)
• Swiss Franc (CHF)
• Japanese Yen (JPY)
• Canadian Dollar (CAD)
• Australian Dollar (AUD)
• Euro (EUR)
• South African Rand (ZAR)

Equity Bank International Money Transfer Payment Options/Methods

Equity Bank accepts money for international transactions through the following payment methods/options:

• Debit Cards
• Credit Cards
• Premium Cards
• Prepaid Cards

Also Read: SBI International Money Transfer

Transfer Limit

Anyone making an overseas transaction to Equity Bank of Kenya can transfer a maximum of $19,000/Kshs 25,38,400 (INR 15.56 lakh) per transaction. 

Transaction Charges

The Equity Bank charges Kshs 1,000 (INR 625) per international bank transfer. This charge is levied on all SWIFT transactions to Kenya from other countries. The bank also levies SWIFT charges, which range between 3% to 5%, depending on the transaction. 

Exchange Rate

An Equity Bank international money transfer from abroad in foreign currency has an exchange charge attached to it. The exchange rate depends on the fluctuations in the foreign exchange market. 

Also Read: Latest TCS on Foreign Remittance for Education Section

FAQs

Hope this blog was helpful for anyone who is interested in sending money to Equity Bank of Kenya. To learn more about the best way to send money internationally stay connected to the Fly Finance forex team and Leverage Edu.