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Last year, we launched our expansion to East Africa, which meant users in Kenya and Tanzania could get foreign bank accounts on Grey. However, due to several banking limitations, we could only process withdrawals to mobile money or Mpesa.
After months of working on partnerships with our banking partners in East Africa, we’re happy to announce that you can now withdraw money from your Grey balance directly to Kenyan bank accounts.
You can use this feature if you live in Kenya and you need to withdraw from your Ksh Grey balance. It’s also handy if you receive foreign currencies as a Kenyan freelancer or remote worker. You can swap these foreign payments for Ksh and withdraw them directly to your bank account.
If you also need to send money to Kenya from abroad, all you need to do is withdraw from your Grey balance to the Kenyan bank account. We recommend using the mobile money option for digital nomads unless you need to make bulk transfers in Kenya.
You can withdraw your foreign funds and Kenyan Shillings to any Kenyan bank account on Grey. Some of the available bank accounts you can withdraw to include;
Bank of Africa Kenya Limited, Chase Bank Limited, Citibank N.A, Credit Bank Limited, Diamond Trust Bank Limited, Dubai Bank Kenya Limited, Equity Bank, Family Bank LTD, Guardian Bank LTD, Gulf African Bank, Housing Finance Limited, Imperial Bank Limited and so many more.
Ready to send money from Grey to a Kenyan bank account? Here are a few steps to help guide you.
To reduce the number of steps required to send money to a Kenyan bank account, we recommend saving an account you’d frequently withdraw to as a beneficiary.
To do this, when sending money to a new recipient, check the box that says ‘Save as New Recipient.’
If you’d like to save a beneficiary without starting a transaction, simply follow this guide.
In addition to sending money to a Kenyan bank account, you can also get a foreign account and convert foreign currencies directly on Grey. Create a free account to get the best exchange rates.
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