Yes. Banks have better rates than Bureaus when dealing with large transactions and this does not always have to be the case of telegraphic transfer. When you have large amounts, you can either negotiate directly with the treasury department of a bank or ask the person you are dealing with in the bank to let the treasury department the amount you expect. For amounts 10,000 and above, I used to negotiate with treasury at NIC and get better rates. However, most Banks prefer making these kinds of deals with account holders. For Amounts less than 10,000. I have found bureaus on Kaunda Street (Section between Kimathi Street and Wabera Street) to have the best rates in town. They are about five and all but one are owned by Warias. I prefer one as you approach NIC bank from Kimathi street because of good customer service.
Bureaus outside town are expensive.

if in nairobi check the bureaus at 20th century building ground floor, there is one called peaktop & usually has better rates than the others. If you have an account at equity bank they also give good rates, but you have to call a few bureaus & find out what rate the bureaus are giving before negotiating with equity's treasury department. The treasury will give you a reference number once you agree on the rate, valid for 24hrs

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