For millions of Kenyans abroad, sending money home is part of everyday life. The funds help families pay school fees, meet bills and invest in property.
However, sending money to Kenya can come with extra costs. Transfer fees, poor exchange rates and unexpected charges can reduce the amount received back home.
Here are some ways to get more value from your diaspora remittances.
Compare Exchange Rates
A low transfer fee does not always mean a cheap transaction. Some providers make money by offering weaker exchange rates.
Before sending money, compare the provider’s rate with the current mid-market rate. This can help you identify the real cost of the transfer.
Check All Transfer Fees
Some transactions may attract additional charges. These can include receiving fees or intermediary bank charges.
Always check the final amount your recipient will receive before confirming the transfer. Transparent pricing can help you avoid unexpected deductions.
Consider Waft Money Transfer
Waft Money Transfer is positioning itself as an option for Kenyans looking for competitive diaspora remittance services.
The company offers transfers in major currencies, including the US dollar, British pound, euro and UAE dirham. It also promotes competitive exchange rates and transparent charges.
Waft says its services are regulated by the Central Bank of Kenya, providing customers with a regulated channel for sending money home.
The company also operates a physical foreign exchange shop at Krishna Centre along Woodvale in Westlands, Nairobi.
Where to Find Waft
Kenyans can visit the Waft shop at Krishna Centre, Mezzanine Floor, Shop B08.
It operates Monday to Friday from 8am to 5pm and Saturday from 8am to 1pm.
For inquiries, customers can call +254 113 999 777 or email info@waftpay.io.
When sending money home, comparing the total cost and final amount received can help you get more value from every transfer.
