Co-operative Bank
Co-op Bank Diaspora Banking
72/5
Rating
Fees
$10+
Wire transfer fees of $10-25 depending on sending country. Additional intermediary bank charges may apply.
Exchange Rate
+2.5%
Variable
Speed
Same day
Typical: 1-3 business days
Features
- Diaspora banking account with KES and USD
- Access to Co-op Bank investment products
- Mortgage and property financing for diaspora
- 170+ branch network for recipient pickup
- MCo-op Cash mobile wallet integration
- Internet banking portal
- Standing order facility for regular transfers
Pros
- Full banking relationship (savings, investments, mortgages)
- 170+ branches for cash pickup
- High transfer limits for large amounts
- CBK regulated and trusted
- Diaspora-specific products (property, investments)
- Cooperative ownership model
Cons
- Higher fees than digital-first providers
- Slower transfers (1-3 business days)
- Exchange rate markup of ~2.5%
- No M-Pesa direct integration
- Complex onboarding process
- App ratings below average
Send & Receive Methods
Send Methods
Wire transferOnline bankingSWIFT
Receive Methods
Bank account (KES)Branch pickupMCo-op Cash
Send with Co-operative Bank
- â Quick signup
- â Transparent fees
- â Track your transfer
Best For
- Diaspora wanting full banking services in Kenya
- Large transfers and property investments
- Those who prefer traditional banking
- Recipients needing branch cash pickup
- Long-term financial planning
Transfer Limits
Minimum$50
Maximum$500,000
Regulation
Licensed by Central Bank of Kenya (CBK)
Available On
WebiOSAndroid
App ratings: iOS 3.8â
| Android 3.5â