You can send money into any cooperative bank account from your Mpesa account at the comfort of your home. You do not need a smartphone to transfer money into your co-op bank account, since any phone, including kabambe, can access Mpesa menus.
Co-op bank has made it very easy to deposit money from Mpesa into a cooperative bank account using Co-op bank’s Mpesa paybill number 400200.
When you deposit money into a bank account using Mpesa, normal Safaricom Mpesa Paybill Charges will apply for all cooperative bank paybill charges, depending on the amount you are transacting.
You can transfer up to Ksh. 299,700 in a single day.
How to Deposit Money From Mpesa to Cooperative Bank Account
You will need to have the following at hand before you begin the Mpesa to Bank transaction process:
Your Mpesa registered Sim card
The amount you wish to send already in your Mpesa account
Co-op bank account number you wish to deposit to
Co-op bank paybill number (business number): 400200