Sending and receiving money from abroad is way easier than you thought, here’s why

Have you ever found yourself in a situation where you want to send money to a loved one who perhaps is studying abroad but you have no clue how to go about it?

Or have you ever wondered how that relative who is working in in a foreign country can bail you out when you are in a tight fix?

Co-operative Bank CEO/Managing Director Gideon Muriuki
Co-operative Bank CEO/Managing Director Gideon Muriuki.

Well, if you’ve found yourself in a similar situation before you know that the options at your disposal are either few or very expensive.

And this is where Co-operative Bank comes in. The bank understands the problems of its customers and this is evidenced by their tagline which says ‘we are you’.

Co-op Bank has partnered with MoneyGram to enable you to send and receive money from any part of the world. What’s even more is that you can also use the service locally through the 140 plus Co-op Bank branches.

I know you must be wondering how to go about it, it’s simple. To receive money, ask the person who is sending you money to send you the reference number of the transaction.

You will then visit the nearest Co-op Bank branch with the reference number and your ID or passport and in a matter of minutes you will have your cash.

Of importance to note is that, your name on the transfer record must exactly match your name as it appears on your ID. Otherwise you may be delayed or be unable to pick up your funds.

To send money through the service, visit the nearest Co-op Bank branch with your national ID or passport. The teller will then inform you of the cost of the transaction and process it.

You’ll get a receipt and reference number for the transaction.  You will then contact the person receiving your money transfer and inform them that it has been sent and provide the reference number.

There you have it! Does it get easier than that? If you have any queries, visit the nearest Co-operative Bank branch.

Co-op Bank Headquarters
Co-op Bank Headquarters.

Everything you need to know about sending and receiving money with Western Union, MoneyGram and TransFast

Western Union, MoneyGram and TransFast are reliable financial services that allow you to send and receive money fast and very convenient to and from anywhere on earth.

In Kenya you can walk into any Co-op Bank branch to use Western Union, MoneyGram and TransFast. You can receive and send funds through Western Union, MoneyGram and Transfast at any Co-op Bank branch.

What do you need to receive funds via Western Union?

Request for the MTCN (tracking number) – The person sending you money will receive a tracking number when the transaction is completed. Ask them for the MTCN to make it easier and faster to pick up your money.

Visit your nearest Co-op bank branch- Take your MTCN and your national Identity card, a valid passport or a government issued ID to pick up your money.

Complete the ‘receive’ form – A receive form is available at our branches countrywide.

Show your identification

Once verified, you will receive your money (usually in local currency (Kenya shillings)

What do you need to send funds via Western Union?

Visit the nearest Co-operative bank branch.

Complete a simple money transfer form where you will indicate: the amount you wish to send, destination country, and the name of the person you intend to send to.

Give the teller the completed form with the applicable funds (including transaction fee). Pay with cash or you may debit your Co-op bank account.

The agent/teller will process the transaction and give you a receipt and MTCN number for the transaction

Contact the person receiving your money transfer and let them know the transfer has been done and provide the MTCN for them to receive the money.

Save your receipts for the record.

What do you need to receive funds via MoneyGram?

Request for the reference number – The person sending you money will receive a reference number when the transaction is completed. Ask the reference number to make it easier and faster to pick up your money.

Visit your nearest Co-operative bank branch- Take your reference number and your national Identity card, a valid passport or a government issued ID to pick up your money.

Complete the ‘receive’ form – A receive form is available at any of our 140 plus branches countrywide. The form is required to pick up transferred money. Complete all fields and:
Include the reference number
Show your identification

Once verified, you will receive your money (usually in local currency (Kenya shillings) ).

What do you need to send funds via MoneyGram?

Complete a simple money transfer form including the amount you wish to send, destination country, and the name of the person you intend to send to.

The agent/teller will calculate for you the cost of the transaction and process the transaction.

You’ll receive a receipt and reference number for the transaction. Save both for your records.

Contact the person receiving your money transfer and let them know the transfer has been sent and provide the reference number.

For more details-kindly visit any Co-op Bank branches countrywide.

What do you need to receive funds via TransFast?

Request for the Transfast PIN – The person sending you money will receive a tracking number when the transaction is completed. Ask them for the Transfast PIN to make it easier and faster to pick up your money.

Visit your nearest Co-op bank branch- Take your Transfast PIN and your national Identity card, a valid passport or a government issued ID to pick up your money.

Complete the ‘receive’ form – A receive form is available at our branches countrywide.

Show your identification

Once verified, you will receive your money (usually in local currency (Kenya shillings) )

It’s important to note that:

Your name on the transfer record must exactly match your name as it appears on your ID. Otherwise you may be delayed or be unable to pick up your funds.

You can also receive funds directly into your account or to your mobile wallet if the sender indicated so when sending the money.