Process and settle transactions easily.

Electronic funds transfer services available at all Family Bank branches countrywide:

  • M-Pesa
  • SWIFT
  • RTGs

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment.

SWIFT does not facilitate funds transfer; rather, it sends payment orders which must be settled by correspondent accounts that the institutions have with each other. Each financial institution, to exchange banking transactions, must have a banking relationship by either being a bank or affiliating itself with one (or more) so as to enjoy those particular business features.

We offer inward and outward swift transfers, which is a safe, cost effective and convenient payment method. Funds received are credited to customers account immediately and also funds are transferred to the beneficiaries immediately after instruction receipt.

Time taken for recipient to receive payment: Within 2 days.

You can send money via swift in the following currencies using our correspondent banks.

EURO
CORRESPONDENT BANK DZ BANK AG GERMANY
SWIFT CODE GENODEFF
FOR CREDIT TO: FAMILY BANK LTD
SWIFT CODE: FABLKENA

USD
CORRESPONDENT BANK DEUTSCHE BANK TRUST COMPANY, NEW YORK.
SWIFT CODE BKTRUS33
ROUTING CODE 021001033
BENEFICIARY BANK FAMILY BANK LTD.
SWIFT CODE FABLKENA

GBP
CORRESPONDENT BANK DEUTSCHE BANK LONDON
SWIFT CODE DEUTGB2L
BENEFICIARY BANK FAMILY BANK LTD.
SWIFT CODE FABLKENA

FOR LOCAL TRANSFER (KES) RTGS
SEND TO : FAMILY BANK LIMITED
SWIFT CODE : FABLKENA
ACCOUNT : 02-010-4200

Please NOTE: CBK Guidelines for Money Transfer
CBK prudential guidelines, serve the purpose of providing guidance regarding the prevention, detection and control of possible money laundering activities and terrorism financing to safeguard both the Institutions and the country’s reputation. THUS; all foreign exchange dealers (banks and forex bureaus) are required to obtain and retain appropriate documents for all transactions above the equivalent of US $ 10,000 from the customers who are transacting.

RTGS is a settlement system in which processing and settlement take place on a transaction-by-transaction basis (without netting) in real time (continuously). These service is available at all Family Bank branches countrywide.

The remitting customer has to furnish the following information to a bank for effecting a RTGS remittance:

  • Amount to be remitted
  • His account number which is to be debited
  • Name of the beneficiary bank
  • Name of the beneficiary customer
  • Account number of the beneficiary customer
  • Sender to receiver information, if any

Time taken for recipient to receive payment: Within 2 hours