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UBA Remit
This is a secure, quick, reliable, seamless, and cost-effective international funds transfer service.
Affordable, fast and trasparent.
Remittance is a mode of funding your UBA account from any location across the world. NRLs can instruct their banks abroad to remit funds to a beneficiary’s account instantly.
Features
- No minimum amount for transfer. However, the initial transaction is subject to a maximum of USD 2,000, while the maximum limit per transaction is USD 7,500, the total of which must not exceed USD 50,000 every 6 months.
- There are no charges to the beneficiaries.
Benefits
- Convenience – Can be done at home or in the office, over the internet, without visiting a bank.
- Safe – The platform is built with the most advanced technology and beneficiaries are already KYC verified account holders.
- Affordable – The service is cheaper than all other comparable remittance services to Kenya
- Fast – Customer account is credited in approximately 48 hours, depending on time of initiation of the transaction.
- Transparency – Allows customers to calculate their fees, receive transfer notifications and track transactions online.
- Added Value – Allows customers to take advantage of loyalty schemes and such services as standing instructions.
Target Market
- Citizens & legal immigrants.
- UBA customers.
- Everybody receiving legitimate overseas inflows.
