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Foreign curreny account
Jamani
#1 Posted : Sunday, March 13, 2011 12:39:34 PM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
Which would be the best bank in Kenya to have/open a foreign curreny account with that has web transations enabled? Appreciate your kind assistance
Kim Ani
#2 Posted : Monday, March 14, 2011 1:09:20 AM
Rank: New-farer


Joined: 1/16/2010
Posts: 15
Talk to Fidelity Bank. They have better rates than forex bureaux.
Jamani
#3 Posted : Monday, March 14, 2011 5:04:05 AM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
Kim Ani wrote:
Talk to Fidelity Bank. They have better rates than forex bureaux.


Thanks Kim, however what am looking for is to run a foreign exchange account not to change currency. I need a bank that has good forex account terms with enabled web transactions for the account holder.
Having said i will check out Fidelity and get to see what they offer
Kim Ani
#4 Posted : Monday, March 14, 2011 11:57:05 PM
Rank: New-farer


Joined: 1/16/2010
Posts: 15
Was looking for the same thing as you. a foreign account that i could run from outside the country. Good exchange rates are important when you want to move money from your FA to your local account. also the ease at which you can do so is also important. I like the fact that FB is relatively small so your are not having to deal with x number of people to get something done.
Mkimwa
#5 Posted : Tuesday, March 15, 2011 12:59:28 AM
Rank: Member


Joined: 10/26/2008
Posts: 380
try NIC
Horton
#6 Posted : Tuesday, March 15, 2011 9:28:56 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
There's a bunch of these. I have strong belief that if u have a savings account, it should be in a foreign currency that doesn't inflate as much as ours eg USD or chf(swiss franc). Try Stanchart. No ledger fees. And u get a buncha free stuff (free tt, bankers cheque ) etc
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