What is CBA Loop? How to Join & Send Money

CBA Loop A new and edgy money management tool targeted at individual consumers and entrepreneurs.

  • It is a full banking service delivered through a mobile and web application that allows you to be in complete control of your finances.
  • The service is about delivering experiences through all customer touchpoints, both electronically and physically.
  • It allows for financial freedom to perform payments, set up Loop goals and investments, access loans, pay bills many other services.
  • It’s a money manager that helps you analyze your spending patterns, budget and plan your finances.
  • It rewards.

Why should I choose loop?

EXPERIENCE:
Loop provides a delightful user experience through a user interface that is fun and interesting. It gives you access to payment, credit and investment solutions without paper or promise. The Loop Store further enriches this experience by providing a space that is aesthetically pleasing as well as functional.

PERSONAL FINANCIAL MANAGEMENT:
The loop becomes part of your lifestyle.  It analyses your spending habits giving you control of your money. You see where your money comes from and goes to. It makes you a better financial manager.

REWARDS:
Loop provides you with joyful moments for using the service. Tell a Friend, send money, pay the loan, a surprise is in store for you.

Is it expensive?
Not at all; there is no fee for maintaining a loop account. However, there may be a basic cost associated with send money transactions initiated on the app or that relate to withdrawals from ATMs among other requests.

How to Join CBA Loop

To join CBA Loop is very easy. Follow the below steps

a.    Download the Loop App on either Google Play or Appstore for IOS. You may also choose to register on the website

b.    Complete your application and order for your Loop card
c.    Collect your Loop card from any of our swanky Loop Stores
d.    Load value into your App through either

  • MPESA pay bill 714777
  • Transfer from another Loop Account
  • Transfer from a CBA Account
  • Wire transfer from other Banks (EFT or RTGS)
  • Cash deposit at any CBA branch

How To Send Money to Mobile via CBA Loop

Learn how to To send Money to Mobile via CBA Loop. Follow the steps below

1. Go to the Hamburger Menu on the Home Page
2. Select ‘Send Money’ option then select ‘To Mobile’

3. Select the send money via ‘Loop‘ option – this will always be the cheapest option
4. In-put the recipient’s mobile number by either entering the number or searching from the saved favourites /phone book contacts.

5. Enter the Purpose and Category fields – this will be really helpful when reviewing the personal financial management #PFM for great insights on your spend.

6. Proceed to Send Money Confirmation Screen and Confirm that the details you have entered are correct.

7. IF you have set up use of a One Time Password (OTP) in your account management, confirm your payment by keying in the password received to authorise the transaction.

How to Pay Bill using CBA Loop

How to Pay Bill using CBA Loop. Use the Pay Bill Loop feature to Pay for  DSTV, GOTV, Jambojet, Safaricom Pre-paid Airtime,Nairobi Water,Zuku Fiber, Single Business Permit, Seasonal Parking, JamboPay NHIF, KPLC Pre-paid, KPLC Postpaid and StarTimes.

If it is a standard amount every month, you can opt to set up a Debit Order to avoid interruptions, late fees and missed due dates.

To make a utility payment:

1. Go to the Hamburger Menu
2. Select ‘Pay Bill’
3. Select the business name from the list provided or use the search function to find your biller of choice
4. Enter the transaction details in the fields provided
5. Select ‘Confirm’ to verify the Transaction details and complete payment.
6. IF you have set up use of a One Time Password (OTP) in your account management, confirm your payment by keying in the password received to authorise the transaction.

How to Buy Goods using CBA Loop

How to Buy Goods using CBA Loop.
This is a service that allows loopers to pay for goods and services easily and conveniently at loop registered merchant stores using the app.

To settle your bill:
1. Go to the Hamburger Menu on the Home Page
2. Select ‘Buy Goods’
3. Enter the Transaction details displayed
4. Select ‘Confirm’ to authenticate the transaction
5. IF you have set up use of a One Time Password (OTP) in your account management, confirm your payment by keying in the password received to authorise the transaction.
Display screen will confirm your transaction was successful.

To send Money to Pesa Link via CBA Loop

To send Money to Pesa Link via CBA Loop. If the person you are sending money to is registered on Pesa Link, send money directly to their bank account in near real-time if you have their mobile number.

To send Money to Mobile via Pesa Link:

1. Go to the Hamburger Menu on the Home Page

2. Select ‘Send Money’ option then select ‘To Mobile’

3. Select the send money via ‘Pesa Link‘ option

4. Enter the recipient’s mobile number by either keying in the number or searching from the saved favourites/phone book contacts.

5. Enter the Purpose and Category fields – this will be really helpful when reviewing the personal financial management #PFM for great insights on your spend.

6. Proceed to Send Money Confirmation Screen and Confirm that the details you have entered are correct.

7. IF you have set up use of a One Time Password (OTP) in your account management, confirm your payment by keying in the password received to authorise the transaction.