How to Send money from MPESA to Your Co-operative Bank Account

The Co-operative Bank of Kenya is committed to improving the accessibility and convenience of financial transactions by offering a diverse array of banking services. One notable service within this suite is the Co-operative Bank PayBill, specifically designed to simplify bill payments, fund transfers, and various financial transactions.

This guide aims to guide you through the steps necessary to efficiently utilize the Co-op Bank Pay Bill service.

Understanding PayBill Numbers

A PayBill number functions as a unique identifier assigned to businesses or service providers to facilitate payments through mobile money services like M-Pesa. The Co-operative Bank’s Pay Bill number is 400200.

Advantages of Using Co-operative Bank PayBill

• Convenience: Perform bill payments, fund transfers, and access banking services without the necessity of visiting a physical bank branch.
• Accessibility: Co-operative Bank PayBill services are available 24/7, allowing you to manage your finances at any time.
• Speed: Transactions processed through the PayBill service are prompt, ensuring timely payments.

How to Use Co-operative Bank PayBill Service

Step 1: Access Your Mobile Money Menu

Open the mobile money menu on your phone, whether it’s the Safaricom M-Pesa menu or another mobile money platform supporting PayBill services.

Step 2: Choose “PayBill” Option

Select the “PayBill” option from the menu; for M-Pesa users, this is typically option “2.”

Step 3: Enter Co-operative Bank PayBill Number

Input the Co-operative Bank PayBill number, which is 400200.

Step 4: Enter Your Co-operative Bank Account Number

In the “Account Number” field, provide your Co-operative Bank account number to ensure accurate crediting of the payment.

Step 5: Enter the Amount

Specify the amount you intend to pay or transfer to your Co-operative Bank account.

Step 6: Enter Your M-Pesa PIN

Confirm the transaction by entering your M-Pesa PIN when prompted.

Step 7: Confirmation

Receive a confirmation message from M-Pesa or your mobile money platform, confirming the successful payment or transfer to your Co-operative Bank account.

Important Considerations

• Ensure the accurate entry of the Co-operative Bank PayBill number (400200) and your account number to prevent transaction errors.
• Verify transaction charges associated with using the PayBill service, as these may vary based on your mobile money platform.
• Safeguard your M-Pesa PIN or mobile money PIN to prevent unauthorized transactions.

Co-operative Bank’s Pay Bill service stands as a user-friendly and convenient solution for managing your financial transactions.