Co-op Bank’s Secure and Convenient Money Transfer Solutions

Do you ever sit down and wonder how money was sent from one person to another, many years back? I mean, if messages were sent via smoke or running messengers, how could we be handling financial emergencies?

In a world where almost everything needs one to have money, and to think that sometimes people lack amidst the press of the world, we can only be grateful for the money transfer services we enjoy using now.

There are various channels, through which we can send or receive money conveniently, faster. Anywhere and anytime.

Here are the money transfer channels Co-operative bank gives to its customers;

1. Swift Transfer – This is where one is able to transfer funds from other banks abroad to Kenyan banks and vice versa.

2. Real-Time Gross Settlement (RTGS) – This is Cooperative Banks’ online banking system which customers use to make same-day transfers to other banks in Kenya.

3. Electronic Funds Transfer (EFT) – This entails transfer of funds from the Cooperative Bank to other banks in Kenya and the transfer takes one day.

4. Account Linking – This is where registered users are able to link all their accounts to the internet banking platform.

5. Internal Funds Transfer – This is the transfer of funds from one account to another with Cooperative Bank in all currencies.

6. Standing Orders – This is suitable for individuals who have recurrent transfer needs like rent, school fees, savings among others.

7. Western Union – Co-op Bank is an authorized agent for Western Union services. These services can be accessed from any of their branches across the country.

8. Money Gram – The Bank is also an authorized agent for MoneyGram services that can be accessed from any of its branches across the country.

9. Swift Transfer – This is the transfer of money from one’s bank account abroad directly to a Co-operative Bank account or into their Co-operative bank Diaspora account. The Co-operative Bank Swift Code is KCOOKENA. To carry out the transfer, simply browse through their list to find your nearest correspondent bank and follow the instructions given.

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