How to Deposit Money from Mpesa to Cooperative Bank

Are you wondering how to deposit money from M-Pesa to Cooperative Bank? Whether you want to top up your account, send money to someone, or clear a loan, transferring funds from M-Pesa to Co-op Bank is fast, easy, and available 24/7 — no need to visit a branch.

How to Deposit Money from M-Pesa to Cooperative Bank

This guide walks you through how to send money from M-Pesa to Cooperative Bank, step-by-step.

What You Need Before You Start

Before making a transfer from M-Pesa to Cooperative Bank, make sure you have:

• An active M-Pesa account (on Safaricom).
• Your Co-operative Bank account number.
• Enough balance in your M-Pesa wallet to cover both the transfer amount and transaction fees.

How to Send Money from M-Pesa to Cooperative Bank

Here’s the simple step-by-step process on how to deposit money from M-Pesa to Cooperative Bank account:

1. Go to M-Pesa Menu
   On your Safaricom SIM Toolkit, open M-Pesa.
2. Select “Lipa na M-Pesa”
   This is where you make payments using Pay Bill or Buy Goods options.
3. Choose “Pay Bill”
   You’ll use Co-op Bank’s PayBill number to send money directly to your bank account.
4. Enter Co-op Bank PayBill Number: 400200
   This is the official Co-operative Bank M-Pesa PayBill number.
5. Enter Your Account Number
   Type your full Co-op Bank account number (e.g., 0112345678900).
   Make sure it’s correct to avoid sending money to the wrong account.
6. Enter the Amount
   Input the amount of money you want to deposit into your Cooperative Bank account.
7. Enter Your M-Pesa PIN
   Confirm the transaction by entering your M-Pesa PIN.
8. Confirm the Details
   Review the confirmation message showing:
   • PayBill number (400200)
   • Account number
   • Amount sent
9. Receive Confirmation SMS
   You’ll get two messages:
   • One from M-Pesa confirming your payment.
   • Another from Co-operative Bank confirming the deposit into your account.

That’s it! You’ve successfully transferred money from M-Pesa to Co-operative Bank.

Alternative Method: Using MCo-opCash App

If you use the MCo-opCash mobile banking app, you can also deposit money from M-Pesa to Cooperative Bank seamlessly.

1. Log in to your MCo-opCash app.
2. Choose “Deposit from M-Pesa”.
3. Follow the prompts to confirm your phone number and amount.
4. Complete the transaction — funds reflect almost instantly.

This method is convenient if you regularly transfer funds between your M-Pesa wallet and your Co-op Bank account.

M-Pesa to Co-op Bank Charges (Approximate)

Safaricom’s M-Pesa PayBill charges depend on the amount you send. Here’s a rough estimate of transaction fees (as of 2025):

Amount (KES)	Estimated Fee (KES)
1 – 100	Free
101 – 500	7
501 – 1,000	13
1,001 – 1,500	23
1,501 – 2,500	33
2,501 – 3,500	53
3,501 – 5,000	57
5,001 – 7,500	78
7,501 – 10,000	90
10,001 – 20,000	100
20,001 – 35,000	105
35,001 – 70,000	108

(Charges may change depending on Safaricom updates — always confirm via M-Pesa tariff menu.)

How Long Does It Take for Money to Reflect?

Deposits from M-Pesa to Cooperative Bank usually reflect instantly.
However, during peak hours or system maintenance, it might take up to 10 minutes.
If you don’t receive a confirmation SMS from Co-op Bank after 30 minutes, contact:

• Safaricom Customer Care (100)
• Co-operative Bank Customer Care: 0703 027 000 or customercare@co-opbank.co.ke

Important Tips When Sending Money from M-Pesa to Cooperative Bank

• Always double-check your account number before confirming.
• Save Co-op Bank PayBill: 400200 in your phone for faster transactions next time.
• Keep the M-Pesa transaction message until the money reflects in your bank account.
• Avoid using third-party agents or unverified apps for deposits.
• If you’re paying a loan or credit card, ensure you use the correct account number provided by the bank.

Why Use M-Pesa to Co-op Bank Transfers?

Here’s why many Kenyans prefer sending money from M-Pesa to Cooperative Bank:

✅ Available 24/7, even on weekends and holidays.
✅ Funds reflect instantly in your account.
✅ No need to queue at the bank.
✅ Safe and convenient — directly linked to your bank account.
✅ You can deposit for yourself or someone else easily.

Example: Sending KES 2,000 to Co-op Bank via M-Pesa

Here’s a quick example of a full transaction:

1. Open M-Pesa → Lipa na M-Pesa → PayBill
2. Enter Business Number: 400200
3. Enter Account Number: 0112345678900
4. Enter Amount: 2000
5. Enter PIN: *****
6. Confirm — you’ll receive SMS from both M-Pesa and Co-op Bank.

Summary: From M-Pesa to Cooperative Bank — The Easy Way

Transferring money from M-Pesa to Cooperative Bank is one of the simplest mobile banking services in Kenya.
Here’s a quick recap:

Step	Action
1	Go to M-Pesa → Lipa na M-Pesa → PayBill
2	Enter Co-op Bank PayBill: 400200
3	Enter Your Account Number
4	Enter Amount and M-Pesa PIN
5	Confirm Transaction
✅	Receive SMS confirmation from both M-Pesa and Co-op Bank

You can now send money from M-Pesa to Cooperative Bank anytime, anywhere — safely and instantly.