Highest remittance rate for converting 1 AUD to KES = 85.5
It is true to say that technology has played an important role in international money transfer. With new innovations coming up every day, sending money from Australia to Kenya is one of the simplest things to do. However, there are some people who have been unable to make a successful transfer. If you are such a person or you are looking for better solutions then you are in the right place.
Many people are stuck between options when it comes to sending money from Australia to Kenya because of the many available and confusing options. Thanks to Exchange Rate IQ however, you can quickly select a suitable money transfer service and learn how services like XE Money can make life easier for you.
Australia and Kenya go a long way to historic times. It explains why there are many Kenyans living in Australia while Australians enjoy their stay in Kenya as well. When it comes to sending money from Australia to Kenya, it important to know that there are so many options and most of them look to integrate already existing services in order to simplify the transfer process. Kenya is known for its mobile money transfer service, M-pesa which is widely used to send money from Australia to Kenya. However, this service is available as an additional service in some international money transfer services like Skrill and others.
Sending money from Australia to Kenya is not as expensive as many people think. The only problem is that many don’t know how to choose. Know that the reason why there are different ways of sending money internationally is that each method is cheap and convenient depending on the kind of transfer. If you want a cheap way to send money from Australia to Kenya today, you are most likely to use;
Bank transfer: Although the services are relatively costly, bank transfers are convenient for legal transfers like purchasing property or machinery. It is also good to know that different banks offer different deals for such transfers. Some will charge you less if you are transacting a large amount while others can charge high for small transactions. Altogether, you have to compare the available services if you are after finding the cheapest way to send money from Australia to Kenya through bank transfer.
Online money transfer: This is the most popular way of sending money across borders today and according to users, it is the cheapest way to send money from Australia to Kenya. Services like XE Money, for example, will allow you to complete your transfer for free. Many Kenyan migrants in Australia prefer using inline money transfer since the services are usually integrated with M-pesa which is the leading money transfer service in Kenya that allows users to receive money directly to their phones after which they can withdraw through the agents who are spread all over the country even in the most remote areas. M-Pesa also allows users to make purchases without necessarily withdrawing the cash. Some of the top online money transfer services that you can use to send money from Australia to Kenya include; Remitly, WorldRemit, and Ria.
Cash pick up services: Through services like Western Union, MoneyGram and Travelex, you can send money to Kenya for pick up at a designated location or branch. Cash pick up services is considered one of the fastest ways of sending money from Australia to Kenya and the best for emergencies. However, it is good to know that these services are expensive compared to online money transfer services. With technology revolutionizing international money transfer, services like Western Union App have come up to enable users to transfer money for pick up in Kenya through their mobile phones.
If you want to send money from Australia to Kenya successfully, you need to take the following in mind.
Transfer cost: By knowing how much it will cost you to send money to Kenya from Australia, it will be much easier for you to send money. What you don’t want is finding out that you don’t have enough money to cater for the fee forcing you to cut down on the amount you wanted to send. Also, know that there are high chances that the receiver is also going to be charged on withdrawal
Transfer duration: It is safe to say that the fastest way to send money from Australia to Kenya usually comes at a high cost. With that in mind, you can dictate how fast you want your money to get delivered. It is also good to track your money to confirm if it reached Kenya and knowing how long the transfer should take will help you know if there is a technical problem.
Availability of service: As mentioned, there are high chances that the recipient will want to receive money through M-Pesa since they won’t have to go anywhere in order to access the cash. The good news is, your favorite online money transfer service also provides M-Pesa services for international transfers.