• XpressMoney

  • SpeedCash

  • World Remit

  • Money Gram

  • Western Union

We guarantee superior customer care every time you use XpressMoney to send funds across the globe. Never tried it? No worries…Walk into any branch, send your funds & experience premium service.
Reach: 100 countries on 5 Continents

No sweat for payments in the UAE! Our partnership with SAMBA of Saudi Arabia enables you to take care of business quickly and efficiently using Speed cash money transfer. Want to try it? Call us and we’ll handle it.
Reach: Saudi Arabia

Do you need international mobile-to-mobile transfers that are 100% cashless on the sending side? We’ve got your back through World Remit the link to the major mobile money services globally, including MPEsa (Kenya), MTN (Africa & Asia) and bKash (Bangladesh).
Reach: Worldwide

We know Money Gram is your favourite! We are one of the 350,000 global agents providing you with reliable international cash transfers to customers and family from the ease of our banking halls. Just walk in and send that cash.
Reach: Worldwide

Western Union awaits you! The preferred money transfers service is available at all our branches so you can send money seamlessly. Walk in and let us help you expand great relationships, enterprise development and community building.
Reach: Worldwide

Foreign exchange? We speak that language! Changing money into a different currency is sometimes equivalent to switching languages or entering a foreign country. It is always smoother with a partner who understands and speaks this language fluently! Let us offer you the seamless and convenient FX services you deserve!

Features

  • Available currencies – KES, USD, GBP, EURO, UGX, TSH, INR, JPY and others
  • Types of account – individuals, corporate, governments, non-governmental organisations, banks and financial institutions
  • Eligibility – resident and non-resident
  • Age Requirement – 18 years and above
  • Duration – spots based on the current global rates
  • Account deposit – No minimum. An amount of more than 5,000 USD is subject to a special rate from the treasury.
  • Mode of Deposit – cash or transfer from an account
  • Delivery Channel – for individuals it is at the branches (to be credited/debited from client account) and for a financial institution or bank it is transferred through the interbank link
  • Statement – invoice for any purchase above Kshs. 10,000 equivalent of USD

Product Pricing

  • The daily rates are linked to spot rates obtained from the forex market and information on the same is available from the dealing system
  • SME and Corporate customers can deal directly with GAB or through Relationship Managers (RM’s) subject to signing off the dealing mandate.

Charges

  • For customers – swift charges and for banks no charges
  • No commission

Documentation

  • Retail Customers – selling or buying instruction obtained from customer through the branches
  • Corporate Customers – selling or buying instructions
  • Banks – repurchase agreement
  • Dealing Mandate

Conditions

  • Customer should have an account with Gulf African Bank
  • For Retail and Corporate – availability of funds
  • For Banks – credit lines limit established as agreed by the ALCO Committee

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