Money Transfer Solutions

ABC Bank is part of the swift society for worldwide, inter bank and financial telecommunication.

The service is represented in 208 countries with over 8,300 financial institutions and global companies as members.

This means that the Bank is able to securely transfer funds all over the world using the SWIFT channel.

This mode of money transfer is especially suitable for world wide money transfer for corporates, high priority transactions amongst others.

ABC Bank has partnered with Western Union® a global leader in money transfer services, to offer the ability to send money to more than 320,000 Western Union Agent locations in over 200 countries and territories. Western Union offers money transfer, bill payments, purchase money orders and other prepaid services.

MoneyGram helps you send and receive money across the globe securely. In more than 180 countries around the world, enjoy the most reliable money transfers with no need for a bank account.

Real Time Gross Settlement; is a funds transfer mechanism where transfer of money takes place from one bank to another in “real time” and on “gross” basis. Settlement in “real time” means the payment transaction is not subjected to any waiting period. Gross settlement means the transaction is settled on a one to one basis without batch processing with any other transaction

Airtel Money Agents will no longer have to travel long distances to get Float or withdraw cash for their businesses courtesy of ABC Capital Bank which has been appointed as an Airtel Money Super Agent.
Visit any of our branches to access this service.

MTN Mobile Money Agents will no longer have to travel long distances to get Float or withdraw cash for their businesses courtesy of ABC Capital Bank which has been appointed as an Mobile Money Super Agent.
Visit any of our branches to access this service.

Electronic Funds Transfer; EFT is a system of transferring money from one bank account directly to another through the local clearing house. It is used for both credit transfers, such as payroll payments, and for debit transfers, such as mortgage payments and takes about 24 hours to reach the recipient.

Instruction to collect funds from another bank account for the receiving client. Ideal for insurance companies and organisations that receive regular payments from customers.

They are cheques issued by the Bank against funds received by the Bank and pose no risk to the recipient as funds are guaranteed to be available to cover the transaction.