EFT

Transfer funds electronically at any UBA Branch.

Electronic Funds Transfer (EFT)

Transfer funds electronically at any UBA Branch.

Product Features

  • Geographical coverage is the whole country
  • Account with the bank needed
  • Transaction currencies can be UShs or foreign currency (US$, £ sterling, Euro or KES)
  • Fund transfers between banks from payer’s account to the payee’s account is done electronically.

 

 

Benefits

  • Low cash handling risks
  • Service is low cost
  • Reduces congestion in the banking halls and saves time for the customer.

Requirements

  • Enough funds (credit balance) in local or foreign currency
  • Names and account details of beneficiary/ recipient
  • Name and address of recipient Bank