Highest remittance rate for converting 1 CAD to KES = 94.56
With dozens of money transfer options that can be used to send money from Canada to Kenya, some people still find it hard to find the best way to transfer their money. At ERIQ, we focus on helping such individuals to identify the best way to send money from Canada to Kenya. We analyze, compare, and present users with some of the top money transfer options that have been used to send money from Canada to Kenya.
Many people are stuck between options when it comes to sending money from Canada 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.
Canada is home to many Kenyan migrants and that is evident in the amount of remittance that goes to Kenya from Canada. Nevertheless, there are so many companies in Canada that greatly rely on Kenyan freelancers now that we already know that Kenya is one of the top countries to outsource professional services. With so many reasons to send money from Canada to Kenya, it is good to know that there is a need for a good money transfer service to make everything possible.
Sending money from Canada to Kenya is nothing new under the sun. In fact, even before technology, remittance from Canada to Kenya was already established. However, things are currently different and if you have to send money from Canada to Kenya cheaply today, you will have to trust one of the following transfer methods;
Banks transfer: Bank transfers are one of the first ways of sending money from Canada to Kenya that ever existed. Today, bank transfers work much better with transfer duration reduced to the minimum for a more swift transfer. If you want to send money from Canada to Kenya through bank transfer without any unexpected instances, you will first want to ensure that your bank provides the latest exchange rates, you will need to confirm if they can initiate your transfer, and lastly, you will want to find out the cost and transfer duration.
Online cash transfer: In a time when technology is the talk of the day, online money transfer services have greatly revolutionized how to send and receive money in the 21st century. Using cash apps, you can enjoy the fastest way to send money from Canada to Kenya without spending extra on the service. Money transfer apps have even made it possible for users to make payments directly from their bank accounts. It is also true to say that online money transfer is the cheapest way to send money from Canada to Kenya because services like XE Money offers free money transfer services. With so many cash apps available today, finding the right one can be a problem considering that there are some people who pose as genuine cash transfer apps only to rob the unsuspecting public. Some of the top cash transfer apps that you can use to send money from Canada to Kenya include; Remitly, WorldRemit, Ria, XE Money, and XendPay.
Cash delivery services: to a more simple cash transfer process, cash delivery services make it possible for you to send money to Kenya from Canada to be picked at a designated location by the receiver. One of the best things about cash delivery services is that they are also one of the fastest ways to transfer money. However, the services can be slightly costly compared to online transfers due to the instant nature of the transfer. Another significant benefit of using cash delivery services is that it needs minimum requirements like your personal details in order to send and receive money. Services like Western Union, MoneyGram, and Travelex are a good example of some of the cash delivery services that you can rely on. If it makes it better for you, you will find the Western Union App to be equally effective for your transfer.
To successfully send money to Kenya from Canada without disappointments, you will need to consider the following
Transfer cost: knowing how much it costs to send money to Kenya will go a long way to save you unexpected disappointments like spending more than expected. Additionally knowing the cost of transfer will also help you to find a cheap way to send money from Canada to Kenya.
Service availability: even though there are many money transfer services in Canada, it does not mean that all the services are available in Kenya. When looking for the best money transfer agent to complete your transfer, you have to ensure that you pick a service that is also available in Kenya so that the receiver can have an easy time accessing the cash.
Exchange rates: Finding out the exchange rate of your transfer agent is important because it will help you to avoid extra costs. That is because some money international money transfer agents fail to provide the exact rates as provided by the exchange market. This can be costing and equally inconveniencing especially if you expected high rates yet they dropped.
Transfer time: regardless of the transfer agent that you are working with, it is important to know the average time when your money will reach its destination. That way, you will know when to get in touch with the support team in case of delays.