Get Great Forex Exchange Rates in Kenya with Coop-Bank

 Get Great Forex Exchange Rates in Kenya with Coop-Bank

Co-op bank provides its customers flexibility of doing their Foreign exchange conversions today and delivering their instructions in a future agreed date to support in their Foreign exchange dealings.

DAILY MARKET INSIGHT
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FOREIGN EXCHANGE
Co-op bank provides competitive exchange rates to convert funds from one currency to another for amounts above $1,000 or equivalent in other Foreign currency either in cash, account, or transfer into or out of a customer’s account. It can be same day or have a future date depending with the customer’s needs.
There are no fees charged for Foreign currency conversions. Negotiated rates are real time and competitive.

FOREIGN CURRENCY CASH

Co-op bank buys and sells the following Foreign currencies in cash from all our branches countrywide:-

a. United States Dollar, USD
b. EURO
c. Great Britain Pound, GBP
d. Swiss Franc, CHF
e. Austarian Dollar, AUD
f. South African Rand, ZAR
g. Canadian Dollar, CAD

Note:-Co-op bank is willing to convert up to a maximum of Kes 200,000 or equivalent for customers who do not hold accounts with it both bank selling and bank buying.

We buy and sell foreign currency from all our branches countrywide. All major world currencies are available. For amounts above USD1,000 and its equivalent we offer preferential rates directly from our Treasury Department.

Foreign Exchange Spot
Co-op bank provides its customers flexibility of doing their Foreign exchange conversions to be delivered immediately or up to a maximum of 2 working days to give them convenience in settlement.

Foreign Exchange Forward
Co-op bank provides its customers flexibility of doing their Foreign exchange conversions today and delivering their instructions in a future agreed date to support in their Foreign exchange dealings.

Foreign Exchange Swap
Co-op bank supports its customers in borrowing funds in one currency they are expecting to receive in future by receiving another currency which the customer is holding at the time of transaction. On maturity of the said transaction, the bank will receive the currency they lend out to the customer in exchange of the currency the customer gave the bank as security.

Foreign Drafts
These are Foreign currency denominated cheques provided by Foreign banks to be issued to our customers and non-customers who wish to make a Foreign currency payment for goods or services including education, examination and medical fees abroad.

Local Foreign currency cheques
These are Foreign cheques issued by local banks in USD, EURO and GBP. They are cleared through the Central Bank of Kenya.

Foreign currency account
This is a bank account that enables customers to maintain value in foreign currency giving them flexibility to convert to Kenya Shilling when the market is in their favour.

For individuals, SMEs, small, medium and large sized corporates institutions, churches & NGOs, government and related institutions are but a few of our clientele

Benefits:

  • One can open either a saving or current account
  • Accounts opened for major currencies including USD, GBP and EURO
  • Very competitive charges

Do you have an enquiry? Talk to Us

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