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Expert Loan Tips

Before you apply for a personal loan, consider other forms of credit. You might find a credit card is cheaper and a card with a 0 per cent introductory offer on purchases will enable you to spread the cost of big purchase interest-free.

*The rates above are indicative, visit a branch near you for more details.

Foreign Exchange Products

We provide a comprehensive FX risk management offering including all FX instruments.

Foreign Exchange

Foreign Exchange (FX) refers to the purchase/sale of the currency of one country using the currency of another country. You can buy or sell foreign bank notes over the counter in any of our branches countrywide. This is available for all major currencies: Dollar ($), Euro (€), Sterling Pound (£) and Kenya shilling in denominations of your choice and you also get a preferential rate for large amounts.Spot Transactions

These are transactions done on one day and settlement is done after two working days. This product is extended to clients doing large transactions subject to prior arrangements and approval.

Foreign Exchange Forwards

You can arrange with our Treasury team for the sale or purchase of a specific amount of foreign currency at a specified exchange rate for settlement on a particular date up to 180 days (6 months) in the future.    

This enables you to eliminate any risk of exchange rates moving between the time that commitment is first established (deal date) and the date of actual delivery of funds (value date) at no additional cost.

Foreign Exchange Swaps

Swaps allow our clients to manage the exchange and interest rate risks associated with financing and investing in currencies other than the domestic one.

Telegraphic Transfer (TT)

This is a funds transfer service where the bank remits money on behalf of its clients to foreign countries, in foreign currencies. It is efficient, secure and irrevocable. The rate, charges and value date are specified at the point of doing the transaction. The bank usually settles TT on the same date.

Foreign Currency Accounts-Savings, Current, Fixed

These are savings, current and fixed deposit accounts that are denominated in foreign currencies.

At Equity Bank, one can maintain a foreign currency account either as a savings, current or fixed deposit account.  It is available in major currencies such as US Dollar, Sterling Pound and Euro