Money Transfer (TT,RTGS,EFT)

The Sacco is able to undertake remittances and funds transfer for customers from their FOSA savings account to any bank account though out the world. Payments are processed in the form of RTGS and Electronic Funds Transfer (EFT).

Using the RTGS funds transfer system you can now transfer money from Bandari Sacco account to a bank account on a “real time” and on “gross” basis. Meaning the payment transaction is not subjected to any waiting period. The transactions are settled as soon as they are processed.

Key Requirements:
  • Name of the beneficiary and Account Details (Branch and Account Number)
  • Cash in account or in hand
  • Valid identification and duly completed form.