Sending Money Abroad: Austria To Kenya

There are several ways to send money from Austria to Kenya, including via online providers such as Remitly, Wise, and Panda Remit, or through legacy operators such as Western Union or MoneyGram. Online providers are almost always a much better option than banks, offering better rates and lower fees.

Using Remitly to send money to M-Pesa from Austria

Remitly is a popular choice for sending money from Austria to Kenya, and it's easy to see why. With Remitly, you can transfer money to your loved ones' M-Pesa accounts quickly, affordably, and securely. Here's a step-by-step guide on using Remitly to send money to M-Pesa from Austria:

Step 1: Sign Up for Remitly

First, you'll need to create an account with Remitly. You can do this by downloading the Remitly app from the App Store or Google Play, or by signing up through their website. Provide your email address and follow the prompts to set up your account.

Step 2: Choose Transfer Details

Once your account is created, select the amount of money you wish to transfer, the currency (in this case, EUR to KES), and the delivery speed. Remitly offers competitive exchange rates, and you'll be able to see the current rate before confirming your transfer.

Step 3: Choose Delivery Method

Remitly offers various delivery methods for sending money to Kenya, including bank deposits, mobile money, and cash pickup. For transfers to M-Pesa, you'll want to select mobile money.

Step 4: Recipient's Information

Enter the name and details of the recipient. This is an important step, so be sure to double-check the information to avoid any delays.

Step 5: Payment Information

Now, you'll input your payment information. You can choose from various payment methods, including debit or credit card, or directly from your bank account.

Step 6: Confirm and Send

Finally, review the details of your transfer, including the amount, fees, and delivery speed. Once you're sure everything is correct, hit "Confirm Transfer," and your money will be on its way to your loved one's M-Pesa account in Kenya.

Using Remitly, you can rest assured that your money will arrive securely and on time. They even offer a delivery time guarantee, promising to refund your fees if your transfer is late. So, whether you're sending money for a special occasion or just to help out, Remitly provides a fast, reliable, and cost-effective way to send money to M-Pesa in Kenya from Austria.

Using a legacy operator to transfer Austria to M-Pesa in Kenya

Using a legacy operator to transfer money from Austria to M-Pesa in Kenya

If you're looking to transfer money from Austria to M-Pesa in Kenya, you can use a legacy operator like Western Union or MoneyGram. These companies are traditional money transfer operators that have been in the business for a long time and have a large global presence.

Here's a step-by-step guide on how to use a legacy operator to transfer money from Austria to M-Pesa in Kenya:

• Choose a legacy operator: Select a well-known operator like Western Union or MoneyGram, which offer money transfers from Austria to M-Pesa accounts in Kenya.
• Sign up: Visit their website or a physical location to sign up and create an account.
• Choose Kenya as the destination: Select Kenya as the country you want to send money to.
• Select M-Pesa as the mobile wallet destination: Specify that you want the money to be transferred to an M-Pesa account.
• Enter recipient's information: Provide the name and mobile number of the M-Pesa account holder you're transferring money to. Ensure that the information matches the details registered with their M-Pesa account.
• Initiate the transfer: Follow the instructions provided by the legacy operator to initiate the transfer. This may include providing your payment information and confirming the transaction.
• Track the transfer: Most legacy operators provide a way to track your transfer online or through their app. This allows you to monitor the status of your transaction and ensure it reaches the recipient on time.

While legacy operators are usually more expensive than online-only platforms, they can still offer decent exchange rates, especially for transferring money to M-Pesa accounts in Kenya. It's always a good idea to compare the fees and exchange rates offered by different money transfer providers before initiating a transfer.

Using your bank to send money to a M-Pesa account from Austria

Using your bank to send money to an M-Pesa account from Austria

Sending money from your bank account in Austria to an M-Pesa account in Kenya can be done in several ways, depending on your bank. Here is a general guide on how to do it:

First, check with your bank in Austria to see if they offer a direct transfer service to M-Pesa accounts in Kenya. Some banks may have partnerships with M-Pesa, allowing for direct transfers. If your bank offers this service, you can simply provide them with the recipient's M-Pesa account details and initiate the transfer.

If your bank does not offer direct transfers to M-Pesa, you may need to use an intermediary service. In this case, you would typically initiate a transfer from your bank account to the intermediary service, and then they will facilitate the transfer to the recipient's M-Pesa account.

• Wise: Wise offers electronic transfers at the mid-market rate and with low, transparent fees. You can register for a Wise account online or through their app and send money to over 70 countries. They always show you the amount you are paying, how much the recipient will receive, and even allow you to compare their rates with other providers.
• Western Union: Western Union is a well-known and popular international money transfer service. They offer transfers to M-Pesa accounts and have a large agent location network. While sending money online through Western Union is generally more affordable, you can also send transfers from their physical agent locations.
• WorldRemit: WorldRemit is another popular service that offers transfers from the US to M-Pesa wallets.

When choosing an intermediary service, be sure to compare the fees, exchange rates, and transfer speeds offered by each provider to find the best option for your needs. Additionally, always follow the guidelines set by Safaricom and any other third parties involved in the transfer process to ensure the safety of your transaction.

Sending money from Austria to Kenya via mobile wallet

Sending money from Austria to Kenya can be tricky and expensive, especially when it comes to exchanging euros for shillings. One of the best ways to send money to your friends and family in Kenya is via mobile wallet.

Remitly

Remitly is a popular option for sending money from Austria to Kenya. It offers a special exchange rate on your first transfer and no fees on all transfers. You can send up to €1,000 with their promotional FX rate, after which standard rates apply. The amount of money you send affects the percentage cost of the transfer. For example, sending €100 will cost 3.1%.

Wise

Wise (formerly TransferWise) is a foreign exchange platform that allows users to transfer money to more than 175 countries worldwide. You can use Wise to send money from Germany to Kenya via bank transfer or mobile money. Wise uses the inter-bank rate for the transfer, so you get to save money. You’ll be charged a flat fee or a percentage of the amount you want to transfer. Different currency pairings have different charges.

Skrill

Skrill is a virtual payment platform that you can use to send money to more than 40 countries. Skrill has competitive exchange rates and is very popular because the sender and recipient are not charged for money transfers.

WorldRemit

WorldRemit is a global money transfer platform that allows you to send money quickly and conveniently worldwide. It’s a flexible and reliable service trusted by millions of users worldwide.

TalkRemit

TalkRemit is regulated by the UK Financial Conduct Authority, so it’s a legitimate company. It allows you to send money directly to your recipient’s mobile wallet in Kenya.

Paysend

With Paysend, you can send money online to digital wallets in Kenya for just €1.5. It usually takes the same day for the money to arrive, but it can take up to three business days, depending on your recipient’s bank’s processing times.

Instarem

Instarem offers seamless online money transfers to your recipient in Kenya. It provides competitive foreign exchange rates and low transaction fees. Sending money to Kenya with Instarem is usually instant but can also take one to two business days.

Western Union

Western Union is a legacy money transfer service that has been in operation for decades. It’s one of the most trusted means to send money worldwide. You can use Western Union to send money from Germany to Kenya through a mobile wallet.

Sending money from Austria to Kenya via bank transfer

Sending money from Austria to Kenya can be tricky, especially when exchanging Euros for Kenyan shillings. One of the fastest ways to send money to your family and friends in Kenya is to use M-Pesa. However, M-Pesa does not work globally, so you will need a third-party service.

There are several platforms that offer cross-border money transfer services, but most charge high fees and can take a while to deliver the money to the recipient. Some platforms also require you to visit a branch and make a transfer, and your recipient will have to queue at the bank to withdraw the money.

Remitly

Remitly is an online money transfer service that facilitates global money transfers and supports M-Pesa as one of the options for sending money to Kenya. It is accessible in both Germany and Kenya, making it an ideal choice for sending money between the two countries.

Sending money using Remitly is simple. Start by creating an account using your email address, and provide personal details to verify your identity. Once the account is set up, you will have several transfer options, including M-Pesa.

You can pay for the transfer by topping up your Remitly account through bank transfer, debit, credit, and prepaid cards. Before transferring the money, you will be shown a detailed overview of the total amount, including transfer fees.

Remitly offers competitive exchange rates and relatively low fees, making it one of the best ways to send money from Austria to Kenya.

Wise (formerly TransferWise)

Wise is a foreign exchange platform that allows users to transfer money to more than 175 countries worldwide. You can use Wise to send money from Austria to Kenya via bank transfer or mobile money.

To use Wise, start by registering an account for free, and then provide details for identity confirmation. Once your account is set up, choose the amount you want to send, enter your recipient's details, and then pay the transfer fee.

You can use your debit card, credit card, or online banking to pay for the money you want to transfer. Wise uses the inter-bank rate for the transfer, so you can save money. You will be charged a flat fee or a percentage of the amount you want to transfer, and different currency pairings have different charges.

Paysend

Paysend is a newer money transfer platform that allows you to send money to over 100 countries. You can use their official website or mobile app to transfer money online using your smartphone, laptop, or tablet. It is a fast and hassle-free way to send money to your recipients in Kenya through M-Pesa.

Paysend offers competitive exchange rates and relatively low fees, making it an affordable way to send money globally. There are no transfer fees if you are sending money to a bank account.

Paysend promises super-fast transactions, but there could be factors that could lead to delays. Mobile money transfers like M-Pesa typically reach recipients instantly.

Instarem

Instarem is another platform that offers seamless online money transfers to your recipient in Kenya. It provides competitive foreign exchange rates and low transaction fees, which are lower than banks and without any additional charges.

To send money using Instarem, you will need to create and verify your account by signing up online or via their app. Upload proof of address in Austria and your identification documents. Then, fill in your recipient's information, choose the type of currency and amount you want to send, and select your preferred transfer method.

The cost and speed of your transaction depend on the destination, your payment method, and how you want your funds to be received. Instarem will always show you the cost upfront before you proceed with the transfer.

Sending money to Kenya with Instarem is typically fast, with money transfers usually taking just a few minutes. However, currency rules, bank processing, or holidays may cause slight delays, and it may take a day or two.

Western Union

Western Union is a legacy money transfer service that has been in service for decades. It is one of the traditional and most trusted means to send money worldwide. You can use Western Union to send money from Austria to Kenya through M-Pesa.

You can register an account on their official website or mobile app, making it faster and easier to make global money transfers. Once your account is set up, enter your recipient's country and transfer option, which in this case would be Kenya and M-Pesa, respectively. Western Union gives you three options: Cash Pickup, Mobile Wallet, and Bank Account.

You can use your credit card, debit card, or bank transfer to pay for the transfer. Before sending the money, review and confirm the amount, transfer fee, and exchange rate.

Tips for sending money from Austria to Kenya securely:

• Always double-check your recipient's information to avoid delays.
• Be aware of the exchange rates, as this can impact the amount your recipient receives.
• Using a secure internet connection can help safeguard your information.

Frequently asked questions