Cooperative bank Kenya branches

How to Transfer Money into Cooperative Bank Account from Mpesa

You can transfer money into any cooperative bank account from your Mpesa account at the comfort of your home. You do not need a smartphone to do this, 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.

Starting April 1st, 2021 banks in Kenya have reverted to charging customers on withdrawals via Mpesa business or paybill number.

This comes after a year-long break of 0 shillings Mpesa to bank irrespective of the amount one transacted.

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:

  1. Your Mpesa registered Sim card
  2. The amount you wish to send already in your Mpesa account
  3. Co-op bank account number
  4. Co-op bank paybill number (business number): 400200
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Follow these simple steps to successfully transfer money into your Cooperative bank account or any other Cooperative bank account, from Mpesa:

  1. Go to the Mpesa menu in the SIM toolkit
  2. Go to Lipa na Mpesa and Select Pay Bill
  3. Enter Cooperative bank business number: 400200
  4. Enter your bank account number
  5. Key in the amount you want to send
  6. Enter your Mpesa pin and press OK
  7. You will receive an SMS confirmation on phone from both Mpesa and Co-operative bank.

Also Read:

  1. Cooperative Bank Branches in Nairobi, Branch Code and Contacts
  2. How to Apply for Co-operitive Bank Mco-op Cash Loan
  3. Equity Bank Branches in Kenya and Contacts
  4. Kenyan Banks Paybill Numbers
  5. Equity Bank Agency and Equitel Money Transfer Rates
  6. Bank USSD Codes in Kenya, Short Codes for Mobile Banking
  7. How to Get Lipa na Mpesa Till Number Online and Activate Using USSD