This is highly secure electronic service that Co-op Bank can arrange for the transfer of funds from your account to a beneficiary's account locally or abroad. This service is recommended for High value payments which locally will be achieved in real time hence removing risks associated with paper based cheques.
Real time service ensures that Beneficiaries are irrevocably paid enabling underlying high value business contracts to be confirmed with ease. The service is also the most secure means of transmitting money with speed and accuracy to other destinations outside Kenya.
Unlike Moneygram, SWIFT transfers funds from one bank account to another. It is suitable for settling payments urgently. It is recommended for businessmen and individuals sending large sums of money. It takes 2-3 days to reach the recipient.
For more information, you may talk to us on 277 6000 or Email:
customerservice@co-opbank.co.ke