Uganda Money Transfer Services
There are many money transfer services and outlets almost everywhere in Uganda. It should not be a problem finding one to make a transaction in this day and age! There are different services to make transfers and here is a guide to finding the right transfer company that will charge you less for every amount you send.
Bank transfers are used by commercial banks and other financial institutions. You can actually send a check to some one in another continent and cash is given to the recipient deducting a small fee for foreign exchange and other bank charges. Wire transfer is also another form of credit transfer supported by banks. Bank transfer services are available to account holders and non-customers with immediate cash releases for a small fee or charge.
Money Orders are made to pay a specified amount of money to a recipient. Normally the amount from which the money order is deducted is prepaid in a bank or any other financial institutions. An example of a typical money order can involve paying USD 10 from a prepaid USD 5000 and such! Banks record the history of money orders for a particular account holder. It is more secure way to transfer checks and other financial documents.
Cash transfers are another way to get money transferred directly between people, across continents. It is the easiest, safest and most common way to send and receive money. A transaction is handles by an agent domestically and well as in the transfer destination. Many companies have invested in money transfer services especially for cash transfers boosting a wide network of transfer outlets. Some companies can reliably send and receive cash transfer in a matter of minutes, depending on the sender’s location. Cash transfers can be made in any currency and received at a number of outlets throughout the country
Many transfer charges and rates differ with different companies or service providers. It is very important to find a service that will charge your transaction for less. Transfer companies are said to be less costly than banking institutions in both time (wasted while waiting in queues) and charges. Many small businesses prefer transfer companies over bank’s wire transfers thus saving on transfer charges. There are also online agents with transfer services at cheaper, fast and convenient ways.
Stanbic Bank
17 Hannington Road Crested Towers Short Tower 7131,Kampala Kampala
031-2224600, 041-4345589, 041-4345748/81
Barclays Bank (U) Ltd.
4 Hannington Road 2971,Kampala Kampala031-2218300/5/10
Uganda Development Bank
15A Clement Hill Road Ruth Towers 7210,Kampala Kampala041-4355555, 041-4355500
Metropolitan Forex Bureau Ltd.
8 to 10 Entebbe Road Metropole House 8166,Kampala Kampala041-4232620, 041-4232773, 041-4242443
Tropical Bank (Head Office)
27 Kampala Road 9485,Kampala Kampala041-4313100, 041-4313181
National Bank of Commerce (U) Ltd
13A Parliament Avenue Cargen House 23232,Kampala Kampala041-4347700/2/3
East African Development Bank (EADB)
4 Nile Avenue EADB Building 7128,Kampala Kampala041-4230021-5, Em. No. 075-2788333, 075-2730025
Bank Of Africa (U) Ltd. (Former Allied Bank) – Head Office& Main Branch
45 Jinja Road 2750,Kampala Kampala041-4302001, 041-4250821, 041-4250823
Cairo International Bank Ltd.
15 Nakivubo Road Kikuubo Opp. Shauriako 7052,Kampala Kampala041-4230136/7, 041-4230141
Diamond Trust Bank (U) Ltd.(Wandegeya Branch)
17/19 Kampala Road Diamond Trust Building 7155,Kampala Kampala041-4387000, 031-2261167
Cairo International Bank Ltd.
30 Kampala Road Greenland Towers 7052,Kampala Kampala041-4230132/7
Housing Finance Bank Ltd.
25 Kampala Road Investment House 1539,Kampala Kampala041-4259651/2, 041-4231509, 031-2262614
Standard Chartered Bank (U) Ltd.
5 Speke Road 7111,Kampala Kampala041-4237362, 041-4349505
DFCU Bank
2 Jinja Road 70,Kampala Kampala031-2300200/300, 041-4351000,
Crane Bank Ltd.
38 Kampala Road Crane Chambers 22572,Kampala Kampala041-4345345
Centenary Bank – Head Office
7 Entebbe Road Talenta House 1892,Kampala Kampala041-4251276/7
Merchantile Credit Bank Ltd.
8 Old Port Bell Road 620,Kampala Kampala041-4235967
PostBank Uganda (PBU)
4/6 Nkrumah Road Post Bank Building 7189,Kampala Kampala041-4258551, 041-4258553, 041-4230881
Dahabshiil Forex Bureau Ltd.
52 Kampala Road King Fahd Plaza 34403,Kampala Kampala041-4340556
Citibank Uganda Ltd.
4 Tanan Avenue Nakasero Ternan Court 7505,Kampala Kampala041-4305500, 031-2305500
African Development Bank
Crested Towers, 14th Floor 28509,Kampala Kampala041-4236166/7
Author: Sandra Nans