Intercountry Transfer

The Inter-Country products seek to connect all Equity Banks across the group, by leveraging on the interconnected Core banking platform. The objective of the inter country suit of services is to provide a “one equity access” for all customers and eventually extend the services to non-customers. 

These services include:  

1. Customer Deposits: – Equity Customers in KE, RW, TZ, UG, SS can deposit funds to any Equity account in any of the country they are in. 
2. Over the counter Withdrawals: – Equity customers in KE, RW, TZ, UG, SS can withdraw their funds in any Equity subsidiary without having to open an account in that country. 
3. Inter-Country Funds Transfers: – Equity customers can send funds from their Equity account to any Equity customer within our subsidiaries. 
4. ATM Withdrawals: - Equity customers can withdraw funds over the ATM and get cash in USD & local currency of that subsidiary 

These will offer Equity customers the freedom to transfer, deposit and withdraw anywhere across the Equity network

Why Use Intercountry Payment Suite 

Inter-country offering is a service offered by the bank to our customers for moving money across the borders where we have our footprints. This will come in handy in supporting business across the region in various aspects as below. 

1. Import/Export: Importers and exporters can easily move their funds from one subsidiary to another as they trade. 
2. Cross Border Trade: Most of our subsidiaries belong to the East African community that allows for favorable bilateral trade between the countries with Agriculture being the biggest export industry long the borders. This will allow for eased trade along these borders. 
3. Tourism: Facilitating payments using the intercountry platform will enhance the growth and expansion of this industry 
4. Remittances: The intercountry product facilitates these remittances and provides a digital platform where consumers have control over their transactions. 

Advantages of Intercountry Payment Suite 

There are numerous benefits from use of this payment solution. These include but not limited to 

1. Simple & Fast Customer Experience  

1. Cost effective service 

1. Real-time transactions processing 

1. 24x7 Customer Service 

1. Secure and reliable service.