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Rwandan francs for someone in Kigali
The people sending from New York and Houston to Rwanda tend to know exactly what the recipient needs in Rwandan francs. A rate that moves between send and settlement breaks that.
Grey fixes the USD to RWF rate when you confirm and pays into Bank of Kigali, Equity Bank Rwanda, I&M Bank Rwanda, Cogebanque or any Rwandan bank. Rwandans in North America send home regularly, and a growing number of foreign professionals in Kigali are paid from abroad.
How sending to Rwanda works
Sign up
Download Grey, verify with your government-issued ID, and you're set in a few minutes. Grey Inc is registered with FinCEN.
Fund
Send dollars to your Grey balance by ACH, wire or FedNow from any US bank. Hold it there, and convert to RWF only when the payment to Kigali is due.
Send
Enter the recipient's Bank of Kigali, Equity or I&M account number, check the USD to RWF rate, and send from New York.
The cost of a transfer to Kigali
Grey shows one rate, USD to RWF, and one fee. Both are fixed before you send from New York. The amount that reaches Kigali matches what you were shown.
What you agree is what arrives
The rate you accept in New York is the rate applied. Movements in either currency afterwards don't touch what arrives at Bank of Kigali, Equity Bank Rwanda, I&M Bank Rwanda, Cogebanque.
Because Rwanda is small and the amounts are modest, people assume the transfer is cheap. It usually isn't.
What American senders put up with before
Banks in Rwanda charge receiving fees on international wires and sometimes hold them for review. A payment from New York that lands as a domestic RWF credit at Bank of Kigali, Equity Bank Rwanda, I&M Bank Rwanda, Cogebanque clears faster and arrives whole.
RWF into the account, nothing else
The person in Kigali gets what they'd get from a local transfer: RWF credited to their account at Bank of Kigali, Equity Bank Rwanda, I&M Bank Rwanda, Cogebanque. No collection, no code, no receiving fee. Confirmation shows in your app in New York at the same time.
Bank of Kigali and the rest
Every bank in Rwanda is covered, from the big names to regional ones.
Domestic credit
Your recipient sees a normal RWF deposit, not an international wire.
Confirmation in New York
The app in the US shows settled the moment Kigali receives it.
Funding from the US, in practice
Most American senders top up in dollars and convert to RWF on the day. US senders fund by ACH, wire or FedNow from Chase, Bank of America, Wells Fargo or any US bank. FedNow lands instantly where the sending bank supports it.
Bank transfer
Chase, Bank of America, Wells Fargo, Capital One or any US bank to your Grey USD account, usually within minutes.
Foreign earnings
USD from an overseas employer or platform can fund the Rwanda transfer directly.
Wallet balance
Convert and send the same minute.
If the RWF amount matters more than the USD amount, enter the RWF figure first and let Grey work back to what you'll pay.
Who this route is for
Tuition
Fees at ALU, CMU-Africa, University of Rwanda and Mount Kigali University, paid in francs.
Business and NGOs
Paying Kigali-based staff, contractors and suppliers in local currency.
Conferences
Hotel deposits and registration for events at the Kigali Convention Centre.
Family support
Monthly transfers covering rent, food and medical costs for relatives in Kigali and the provinces.
The US has the world's largest immigrant population, and American firms pay contractors on every continent. On the Rwanda side, the picture is this. Rwandans in North America send home regularly, and a growing number of foreign professionals in Kigali are paid from abroad.
The case for Grey on this route
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