Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
How to send money to Kenya
Send money to Kenya using an international money transfer service and you could beat the bank's rates.
Compare money transfer services to Kenya
Use our interactive table to compare transfer fees, exchange rates and other details for sending funds to Kenya with our money transfer partners.
Banks vs. money transfer companies
Your major Hong Kong banks may offer the option to send funds to Kenya. But banks typically charge high transfer fees and offer exchange rates that are significantly lower than the mid-market rate — or the rate banks and transfer providers use when trading among themselves.
A reputable money transfer specialist can offer better exchange rates and also charge lower fees, saving you money and putting more Kenyan shillings into your recipient’s pocket. Some providers offer electronic transfers to bank accounts only, while others also provide cash pickups, mobile wallet payments and cash delivery services.
Foreign exchange rates explainedThe exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weak currency. Most countries’ exchange rates are flexible, which means they can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
How to compare transfer companies when sending money to Kenya
- Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
- Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
- Transfer methods. Common methods for placing transfers include online, through a mobile app, over the phone or at an agent location.
- “Hedging” options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
- Transfer speed. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you’ve more time, you’ll get better rates and fees with an independent provider.
- Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
- Customer service. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.
How to send money to Kenya from Hong Kong
- Bank transfers. Many major banks in Hong Kong will allow you to wire money to banks in Kenya.
- Money transfer providers. It’s simple and convenient to send an online money transfer to Kenya from the comfort of your home.
- Money transfer companies with cash pickup options. Companies like Western Union and MoneyGram offer the option of cash pickups from thousands of agent locations across Kenya.
- M-Pesa. M-Pesa is a safe, secure way to send, receive and store money through your mobile phone or an app. Top up your account at one of more than 287,000 agent locations and then send money to loved ones, who can visit an agent to withdraw their funds.
- Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or postal service.
Steps to send money to Kenya
- Register for an account with a provider, supplying your name, address, contact details, proof of ID and information about your selected payment method.
- Supply your recipient’s name, contact information and bank account details as required.
- Enter the amount of your transfer and complete the transaction.
- Keep track of any receipt you receive so you can monitor the progress of your transfer.
Emergency cash transfers in Kenya
You might need to send an emergency cash transfer to Kenya — for example, if a friend traveling through the country loses their wallet. When you need to transfer funds urgently, your fastest possible transfer will often be your most expensive option. Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.Back to top
Tips for picking up cash in Kenya
Whether picking up funds in Kenya or anywhere else around the world, take a few simple safety precautions to prevent yourself becoming a target for thieves.
- Call ahead. Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.
- Bring a friend. Carrying money when alone can be dangerous. Ask a friend to come along.
- Deposit your money immediately. The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible.
- Keep your cash hidden. Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.
More guides on Finder
How to buy Power Ledger (POWR)
If you want to know how to buy Power Ledger (POWR) tokens using either HKD or cryptocurrency, you’ll find the help you need in this comprehensive guide.
What is BitShares (BTS)?
BitShares offers a blockchain solution to the problem of centralised exchange services.
What is Waves? A blockchain platform for crypto-tokens
Everybody can launch their own cryptocurrency to crowdfund a project using the Waves platform.
What is Siacoin? Understanding the Sia platform
Delivering the power of the blockchain to cloud hosting, Sia is a peer-to-peer solution for data storage.
Gate.io cryptocurrency exchange – January 2021 review
What are the pros, cons and headlining features of the Gate.io cryptocurrency exchange? Find out in this comprehensive review.
Bibox exchange – review
Read our comprehensive review of the Bibox cryptocurrency exchange, including the currencies you can buy and sell, security features and trading fees.
BigONE exchange review
A comprehensive review of the BigONE cryptocurrency exchange, including its features, fees and any potential drawbacks.
IDEX cryptocurrency exchange review
If you’re looking for a secure, decentralised exchange where you can trade a huge range of Ethereum ERC20 tokens, check out our review of IDEX.
Get bitcoin with a credit card at xCoins – January 2021 review
xCoins connects borrowers and lenders of bitcoin through an instant peer-to-peer lending platform.
Livecoin cryptocurrency exchange – review January 2021
A comprehensive review of cryptocurrency exchange Livecoin, its fees and features, and how you can start trading on the platform.
Ask an Expert