How To Transfer Money From Mpesa To Cooperative Bank Account
This is a simple guide on how to transfer money from M-Pesa to your Cooperative Bank account. Cooperative Bank is one of Kenya’s largest commercial banks, categorized as a Tier 1 bank. It started operations on 1st July 1968 and its head office is located at Co-operative House along Haile Selassie Avenue in Nairobi. With over 160 branches across Kenya and a strong SACCO banking base, it serves millions of customers nationwide.
Cooperative Bank uses M-Pesa to facilitate mobile banking transactions, allowing customers to bank anytime and anywhere on a real-time basis without having to visit branches. All you need to deposit money to Cooperative Bank is your account number and Co-op’s M-Pesa Paybill number.
Step-by-Step Guide
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Go to your M-Pesa menu on your phone
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Select Lipa na M-Pesa
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Select Paybill
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Enter 400222 as the Business number
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Enter your Cooperative Bank Account Number (make sure you enter it correctly to avoid sending money to the wrong account)
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Enter the amount you would like to deposit into your account
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Enter your M-Pesa PIN and press OK
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You will receive a transaction confirmation message from M-Pesa, followed by a confirmation from Cooperative Bank once the funds reflect in your account
Important Information
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Transaction Limit: The maximum amount you can send to your account using M-Pesa is Ksh 150,000 per transaction
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Transaction Time: Funds are typically credited to your account instantly or within a few minutes
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Account Number: Ensure you use your correct Cooperative Bank account number. If you are unsure, check your bank statement or passbook
Cooperative Bank Contacts
For further questions or inquiries, you can contact Cooperative Bank using the details below:
Phone: 0703 027 000 | 020-2776000
Email: [email protected]
Website: www.co-opbank.co.ke
Branch Locations: Visit any of the over 160 branches nationwide for in-person assistance
Frequently Asked Questions
Is there a fee for transferring from M-Pesa to Cooperative Bank?
Yes, M-Pesa charges a small transaction fee for sending money to paybills. The fee depends on the amount you are sending. You can check the latest M-Pesa charges on the Safaricom website or by dialing *234#.
Can I send money to someone else’s Cooperative Bank account?
Yes, you can send money to any Cooperative Bank account as long as you have the correct account number. The process is the same.
What if I enter the wrong account number?
Always double-check the account number before confirming the transaction. If you send money to the wrong account, contact Cooperative Bank immediately with your M-Pesa transaction receipt to request a reversal.
How do I check if the money has reflected?
You will receive a confirmation SMS from Cooperative Bank. You can also check your balance by dialing *667# or through the Co-op Bank mobile app.
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