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We offer a full range of domestic and international payment capabilities. We help you save money and time by reducing your processing costs
Comprehensive Payment Solutions
Integrated payments system
Our Straight2Bank channels cater to different levels of customer payment sophistication, including simple online transaction to complex payments.
Reduce processing costs & increase efficiencies
Our payment solutions help to reduce your overall processing costs while providing a value-added service to your suppliers.
Payment system integration with Payroll systems. Our Straight2Bank channels cater to different levels of customer payment sophistication.
Customisable solutions suited to your needs
Please contact our Business staff who shall help you customise a solution that will enable you to manage your working capital in a more efficient manner.
We offer a full range of payment capabilities including
Cross-border payments, Telegraphic transfers, International bank cheques/drafts, Domestic payments, Local bank cheques/drafts/Cashier’s orders, Corporate cheques,Direct credits, Local bank transfers (RTGS).
What happens if the payment instruction has missing, unclear or incorrect information?
If the inward or outward payment instruction has missing, unclear or incorrect information, Standard Chartered Bank (Kenya) Limited will seek clarification from you, the applicant, unless we believe the information can be corrected without referring to you. Standard Chartered Bank (Kenya) Limited will also advise you (the authorised operators of the account as specified in the account opening documents) if a new instruction is to be submitted. If the payment instruction is not in compliance with local/Standard Chartered Group policies, Standard Chartered Bank (Kenya) Limited will advise you to cancel the payment instruction. For inward payment instructions, funds will be returned to the remitter accordingly. In some cases, the instruction may be rejected and returned to you.
Can I amend or cancel instructions after I have sent them to Standard Chartered Bank (Kenya) Limited?
Once an instruction has been submitted to Standard Chartered Bank (Kenya) Limited, it cannot be amended. You will need to submit a written request signed by the authorised account signatories to cancel the original payment instruction. Standard Chartered Bank (Kenya) Limited cannot act on telephone, e-mail or verbal requests to cancel payment instructions. While Standard Chartered Bank (Kenya) Limited will try to act on your request to stop or cancel your payment applications, we cannot always do so as the payment instruction may have already been processed by the time we receive the cancellation instruction. To avoid duplication of payment instructions, please submit new instructions only after the cancellation of the previous instructions has been confirmed by the bank.
Can Standard Chartered Bank (Kenya) Limited recall funds after the payment has been processed?
Once a payment has been processed, the funds have been remitted. Therefore, Standard Chartered Bank (Kenya) Limited can only contact the receiving bank to recall the payment instructions. The success of any such recall depends on a number of factors that are outside Standard Chartered’s control, such as exchange control restrictions in other countries, availability of funds in the beneficiary’s account, policies of the receiving bank, etc. There is also no specific timeframe within which funds that are recalled may be returned. In many cases, payments may be returned after several weeks. The receiving bank may also levy a charge for processing/returning the funds. Therefore, please ensure you double-check to confirm the payment details are accurate before sending the instruction to Standard Chartered Bank (Kenya) Limited.
If I am expecting an inward remittance crediting my account maintained with Standard Chartered Bank (Kenya) Limited, how can I check if I have received the funds? Will I be notified of the funds credited to my account?
Standard Chartered’s electronic banking platform, Straight2Bank, allows you to receive electronic bank statements which capture inward remittance transactions. Alternatively, our e-mail notification service highlights all inward remittances credited to your account. Your Client Services Representative or Relationship Manager will be glad to provide details about these services and any charges.
What information does my remitter need for them to make a payment to my Standard Chartered Bank (Kenya) Limited account?
Please advise the remitter to provide the following information to the sending bank:
Account Name: (the account name that has been maintained in Standard Chartered’s records)
Account Number: (your Standard Chartered account number)
Bank Name: Standard Chartered Bank (Kenya) Limited
Bank Address: (Westlands Road 48, PO Box 30003 – 00100, Nairobi, Kenya.)
Standard Chartered SWIFT BIC code (SCBLKENXXXX)
Sender Name: Remitter’s Name.
What is an IBAN and do I need to provide this information when my remitter needs to make a payment to my Standard Chartered Bank (Kenya) Limited account?
An IBAN is the International Bank Account Number that banks in the European Union and many other countries have adopted in order to ensure efficient processing of transactions. An IBAN is not needed for a remitter to send funds to an account in Standard Chartered Bank (Kenya) Limited.
What do the abbreviations BEN/SHA/OUR mean?
When payments are made locally and overseas, charges are imposed by various banks, such as the remitting bank, the beneficiary bank, the intermediary bank, etc. These charges can be paid or settled in one of the following ways:
BEN: Charges are borne by the beneficiary.
The beneficiary bears all charges of the banks engaged in the transfer of the payment. You only pay the remittance amount. All charges (Standard Chartered’s as well those of the intermediary bank, beneficiary bank, etc.) will be deducted from the remittance amount and the beneficiary will receive the remaining balance. SHA: Charges are shared.
You pay Standard Chartered’s charges and the remittance amount. Your beneficiary bears the charges of all the other banks (the intermediary bank, beneficiary bank, etc.). The beneficiary will receive the remaining balance.
This is the most common type of charge, where each party bears their respective charges. OUR: Charges are borne by the remitter.
You bear all charges of the payment, which includes the remittance amount, Standard Chartered’s charges, as well as all the other banks’ fees (intermediary bank, beneficiary bank, etc.), so the beneficiary receives the complete payment. Standard Chartered Bank (Kenya) Limited will debit your account for payment of the charges after the exact amount has been identified.
In the case where Standard Chartered Bank (Kenya) Limited has an OUR arrangement with our correspondent bank, we will debit the agent charges upfront. However, Standard Chartered Bank (Kenya) Limited will not be held liable if our correspondent or the beneficiary’s bank does not follow the instructions or if full payment fails to reach the beneficiary’s account for any other reason.