Send Money To Kenya

Kenya flagWhatever the reason for sending money to Kenya, be advised that using your bank is the least preferred option because of their high fees on transfers. In contrast, the Foreign Exchange brokers will provide better exchange rates on currencies and lower transaction fees.

Take a look at our Kenya Money Transfer Guide below to see what’s the best option for you and how to keep more money in your pockets.

The Guide’s Topics:

Best Company To Send Money To Kenya

Payment Facility



TorFX logoMin. Transfer: £ / €100.
Transfer: Online or by Phone.
Wire Fees: None.
Best Rates for £5,000+
Expected Rates* for £5,000+:
- GBP: 142.9909 KES to 143.2786 KES
- EUR: 122.8792 KES to 123.1265 KES
- USD: 116.9640 KES to 117.1994 KES
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Azimo logoMin. Transfer: No Limit.
Transfer: Online Only.
Wire Fees: £ / € 1 - 12 (Depends on Speed).

Expected Rates*:
- GBP: 142.4155 KES
- EUR: 122.3847 KES
- USD: 116.4934 KES
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worldremit logoMin. Transfer: £1 - £4,000.
Transfer: Online.
Wire Fees: Depending on the location.

Expected Rates*:
- GBP: 142.1997 KES
- USD: 116.3169 KES
- EUR: 122.1993 KES
WorldRemit Review
Kenya BankBig International Transfer Fee + Currency Exchange Fee. Three Times The Cost Of Commercial FX.

Exchange rate would be approximately *:
- GBP: 140.9769 KES to 142.4155 KES
- EUR: 121.1485 KES to 122.3847 KES
- USD: 115.3167 KES to 116.4934 KES
paypal logo2.9%+ Transfer Fees, and 2.5% more for Currency Exchanges. Quick but expensive.

Exchange rate would be approximately *:
- GBP: 140.2577 KES or worse
- EUR: 121.1485 KES or worse
- USD: 115.3167 KES or worse

* Expected Rates reflect our rate expectations based on our research. We do not guarantee accuracy. For some companies we used a range of rates because they offer wholesale rates for large trades and higher rates for small trades.

Supported Countries & Payment methods

Currencies Direct can help you to cheaply send money to Kenya from the UK, USA, Canada, Australia, Belgium, India, Nigeria or any other country that represents the Kenyan diaspora. To start working with Word First or to just a get a free quote, be sure to complete the form on their website.

With TorFX you get receive the same set of benefits when wiring money to Kenya – zero fees, great currency exchange rates for your money and very low delivery time. If you want to get a detailed quote, you can easily do so by going to their website and complete a short form.

Best Company to Transfer Money from Kenya

Service Provider



worldfirst-logoMin. Transfer: £ / € 1,000.
Transfer: Online or by Phone.
Why Them? 75,000+ Active Clients. 100+ Currencies Available. 98% Positive Client Feedback.
WorldFirst Review

Supported States & Currencies

The Central Bank of Kenya (CBK) has imposed very few restrictions on money transfers in order to support foreign investment. The only important restrictions come from Kenya’s anti-money laundering and terrorism financing law that requires transfers over KSh500,000 to be declared to customs authorities.

Currencies: With Currencies Direct you can send money from Kenya to any of the big countries like the United States, Canada, Australia, France, Spain or other African countries like Ghana, Nigeria or South Africa, with the same benefits and with the same delivery time. It doesn’t matter where you need your money to go, this FX company can fulfil your needs.

Payoneer might be your solution

Many people from Kenya are working as freelancers and this means that they will get paid from clients living abroad. And most of the times this implies big fees and currency exchange fees that could end up costing a small fortune. This is where Payoneer can really make a difference with everything they offer – small fees, good currency exchange rates, withdrawing flexibility and an intuitive platform so everything is easy to access.

payoneer logoread review payoneergo to site payoneer

Today’s Foreign Exchange Rates for KES

GBP to KES – Pounds to Kenyan shilling; 10,000 GBP is 1,438,540.0000 KES

KES to GBP – Kenyan shilling to Pounds; 10,000 KES is 69.5149 GBP

EUR to KES – Euro to Kenyan shilling; 10,000 EUR is 1,236,209.5783 KES

KES to EUR – Kenyan shilling to Euro; 10,000 KES is 80.8924 EUR

KES to USD – Kenyan shilling to US Dollars; 10,000 KES is 84.9834 USD

USD to KES – US Dollars to Kenyan shilling; 10,000 USD is 1,176,700.5857 KES

CAD to KES – Canadian Dollar to Kenyan shilling; 10,000 CAD is 907,928.4533 KES

KES to CAD – Kenyan shilling to Canadian Dollar; 10,000 KES is 110.1408 CAD

KES to CHF – Kenyan shilling to Swiss Franc; 10,000 KES is 81.9977 CHF

CHF to KES – Swiss Francs to Kenyan shilling; 10,000 CHF is 1,219,546.1058 KES

KES to AUD – Kenyan shilling to Australian Dollar; 10,000 KES is 123.2437 AUD

AUD to KES – Australian Dollars to Kenyan shilling; 10,000 AUD is 811,400.4659 KES

Popular KES Routes

Popular currency transfer routes for people visiting this page:

  1. Transfer from UK to Kenya (GBP to KES)
  2. Send money to Kenya from USA (USD to KES)
  3. Transfer from Kenya to EU (KES to EUR)
  4. Transfer from Canada to Kenya (CAD to KES)
  5. Transfer from Australia to Kenya (AUD to KES)

Why Send Money To A Kenyan Bank Account

A country in the process of development and likely to be considered an emerging market, Kenya is the biggest economy in South East Africa and Africa’s key growth centre.

The economic progress is driven by strong performance in tourism, by telecommunications and financial services expansion over the last decade which contributes nowadays over 60% of GDP and by agriculture, the backbone’s economy, which generates over 20% of GDP and employs over 70% of Kenya’s labour force.

As a country with a growing population, a dynamic private sector and a fiscal and monetary discipline that the government is focusing to maintain, Kenia has the potential to sustain its economic growth.


As a major contributor to Kenya’s GDP, Tourism is the largest foreign exchange earning sector in the country.

Kenya is known for its warm tropical climate on the Indian Ocean coastline, for its safari but also for its natural parks and its diverse geography. A high proportion of tourists are coming from Germany and the UK, who are attracted mainly to coastal beaches and game reserves.


The second major contributor to Kenya’s GDP is the Agriculture sector. Coffee, tea, corn, wheat, sisal, and pyrethrum are grown in the highlands and coconuts, pineapples, cashew nuts, cotton, and sugarcane are grown in the lower-lying areas.

The most valuable sectors of all of Kenya’s exports are Horticultural produce and tea. Particularly, the Flower Industry is not only one of the oldest industry in Kenya but is actually the largest and most rapidly growing industry.

Thinking Of Relocating To Kenya?

If you consider moving into Kenya and live there as an expat, you may find the following information helpful.

Advantages Of Moving To Kenya:

  • Low Cost of Food: Average meal costs 2 GBP.
  • Affordable Utilities: Average electric bill is 28 GBP.
  • Low Rent: Average monthly rent 275 GBP.

Disadvantages Of Moving To Kenya:

  • Security: Kenya has a very high crime rate. Crime Index is currently 70.
  • Corruption: Kenya has a lot of bribery and a high level of corruption and low adherence to laws. Ranked 3rd on the global corruption index.
  • Low Salaries: Average salary is 260 GBP per month.

Popular Destinations in Kenya:

Popular cities for business and real estate transactions from abroad in Kenya: Nairobi, Mombasa, Nakuru, Eldoret, Kisumu, Thika, Malindi, Kitale, Garissa and Kakamega.

How to send the money

Migrant remittance inflow to Kenya has doubled in the last 4 years setting a new record of 1.4 billion US dollars in 2014. And when more money there is to transferred, more companies will come into this market.

Most of us would run to the bank and fill out transfer forms and send money as soon as the bank opened. But, is that the best way to send money to Kenya? No, is not.

Send Money to Kenya Online Cheaply

Banks take at least 24-hours to clear the amount from your account before starting the internet transaction. Then the transfer usually takes 1-2 days to complete. But the main problem comes with the receiving bank as they will lock it for 1-2 more days to make some interest on it, but they tell you that is for security reasons – to clear the payment.

So if using an international bank-to-bank transfer you can expect for ~1 week delivery time. And a lot of big fees – for the transfer, for the currency exchange and so on.

Thanks for the internet because even though it may be in the middle of the night, you can log in to the web and find a U.K. based forex broker and start the process immediately.

Not only is using a money broker the fastest way, but it is also the cheapest way to send money to Kenya. And the same goes for other countries like South Africa or even Hong Kong.

You will need to get an IBAN and BIC number for a bank account in the city where your friend is stuck. With those two numbers and her name, you are ready to go.

Banks and remittance companies charge much higher transfer fees, exchange rate fees and delivery to a country on the EU system than brokers do.

Why FX Brokers?

Brokers can offer you lower Pound to Kenyan shilling exchange rates and will give you an upfront quote of the total cost of the transaction before you send it.

This gives you the opportunity to compare several different broker agents within a matter of minutes and use the one that will land the money in your friend’s hand the fastest.

Brokers will give you a tracking number for your money transfer to Kenya and you will be able to see exactly when your friend received the money. At that point, you can contact your friend by phone and let him know that the funds are waiting.

This is a common solution for those buying a house for investment or just to live in. The small fees and the possibility to set up regular payments are great advantages that banks don’t really offer.

What you need to send money to Kenya

  • Bank Name and Address
  • Swift/BIC Code
  • Account Number
  • Receiver’s Complete Name

Setting Up The Transfer:

  • Create a free account with any of the recommended companies.
  • Receive a quote from the specialists, be it online or by the phone.
  • Approve the quote and confirm the transaction.
  • Fund your account by sending the required sum of money.
  • Receive the confirmation from the dealer that the transaction was completed.

Our Company Recommendation:

Regulations and taxes when transferring money to and from Kenya

Kenya’s currency is the Kenyan Shilling (KSh). The KSh is fully convertible, making transfers in and out of Kenya relatively simple. The government has made international business transactions particularly easy.

The Central Bank of Kenya

The Bank of Kenya oversees payment systems, monitors the proper function of financial systems, and works to preserve price stability. Its oversight extends to monitoring the activity of all financial institutions.

Kenya is a founding member of the East African Community (EAC), which hopes to adopt a common currency in the next 10 years.

Transfer regulations

There are no transfer restrictions on money going in and out of Kenya. However, transfers exceeding KSh500,000 must be declared to customs authorities.

Up to KSh100,000 in hard currency may be carried out of Kenya at one time.

Taxation on foreign income

Kenyan residents are taxed on any foreign income. Non-residents are taxed only on income originating in Kenya. Double tax treaties are in place to avoid double-taxation.

Biggest banks in Kenya

    • ABC Bank (Kenya)
    • Bank of Africa
    • Bank of Baroda
    • Bank of India
  • Barclays Bank Kenya

With this article, we wanted to let you know that is a better and cheaper way to send money to Kenya, and this involves you to stop using your local banks. Yes, the banks are still a great option if you need to send money inside the country, but if you need to send money from Kenya abroad, then using a Foreign Exchange company is the way to go.