Co-operative Bank Paybill Number: How to Deposit Money via M-PESA
In today’s fast-paced digital economy, mobile money is at the center of convenience. If you are a Co-operative Bank customer in Kenya, knowing the correct Paybill number and how to use it can save you time and ensure your transactions are safe and seamless.
Table of Contents
This guide covers:
- Co-op Bank Paybill number
- Step-by-step process for depositing via M-PESA
- How to pay bills, loans, and school fees
- Common errors to avoid
- FAQs about Co-op Bank M-PESA services
What is the Co-operative Bank Paybill Number?
The official Co-operative Bank Paybill number is 400200. It allows you to send money directly from your M-PESA wallet into your Co-op Bank account.
It’s available 24/7 and supports:
- Personal account top-ups
- Business payments
- Loan repayments
- Utility and school fee payments
How to Deposit Money to Co-op Bank via M-PESA
Follow these steps on your Safaricom line:
- Open the M-PESA menu on your phone.
- Select Lipa na M-PESA.
- Choose Paybill.
- Enter the Co-op Bank Paybill number:
400200. - For Account Number, enter your Co-op Bank account number (e.g.,
01129123456700). - Enter the amount you want to deposit.
- Input your M-PESA PIN and confirm the transaction.
- You’ll receive confirmation SMSs from M-PESA and Co-op Bank.
Funds reflect in your account instantly.
Sample Use Cases
| Purpose | Account Number Format | Example |
|---|---|---|
| Personal deposit | Your full bank account number | 01129123456700 |
| Loan repayment | Loan account number | LN123456789 |
| School fee payment | School’s Co-op account number | Ask school admin for details |
| Sacco contribution | Sacco account number | Ask your Sacco for instructions |
Benefits of Using Co-op Bank Paybill (400200)
- Instant deposits to your account
- Safe and secure through Safaricom’s encrypted system
- Available nationwide, 24/7
- Clear transaction records via SMS and bank statements
- No need to visit a branch
Common Mistakes to Avoid
- Entering the wrong Paybill number (ensure it’s 400200)
- Using the wrong account number format (double-check your bank a/c number)
- Typing errors in amounts or PINs
- Failing to save confirmation messages in case of disputes
Co-op Bank Contacts for M-PESA Issues
If your money doesn’t reflect within minutes:
- Call: 0703 027000 or 020 2776000
- Email: customerservice@co-opbank.co.ke
- Website: www.co-opbank.co.ke
While the Co-operative Bank Paybill service (400200) is convenient and widely used, it does come with some downsides and limitations. Here’s a breakdown of the key disadvantages to be aware of:
Downsides of Co-operative Bank Paybill
1. Transaction Charges
- Safaricom’s M-PESA Paybill fees apply, especially for higher amounts.
- These charges can add up quickly for frequent users or businesses.
- Example: Depositing KSh 5,000 may cost you around KSh 55.
2. Occasional Delays
- Though most deposits reflect instantly, system congestion or technical issues may delay fund reflection.
- Such delays can be problematic for urgent payments (e.g., clearing cheques, loan deadlines).
3. Non-Reversible Errors
- Sending money to the wrong Co-op account number using Paybill 400200 can be difficult to reverse.
- Reversals require formal bank follow-ups, which may take time and are not guaranteed.
4. Requires Exact Account Number
- You must know and correctly enter the full Co-op Bank account number (e.g.,
01129123456700). - Even a single incorrect digit can cause a failed or misrouted transaction.
5. Service Dependency on Mobile Network
- You need a working Safaricom SIM, mobile signal, and enough M-PESA balance.
- In areas with network issues, using the Paybill may be unreliable.
6. Limited Use for Complex Banking Needs
- Paybill is great for deposits, but it doesn’t support:
- Withdrawals
- Interbank transfers
- Account queries or statements
- Bulk payments (e.g., payroll)
7. No Customization for Business Users
- Unlike some digital banking tools, the Paybill method lacks:
- Transaction tagging
- Automatic reconciliation
- Bulk deposit functionality for businesses
Pro Tip:
To minimize risks:
- Double-check the Paybill number (400200) and account number.
- Keep all M-PESA confirmation messages.
- Use the Co-op Bank app or Internet banking for more secure, feature-rich transactions.
FAQs: Co-operative Bank M-PESA Paybill
Q: Is Paybill 400200 the only way to deposit via M-PESA?
Yes, it’s the official Co-op Bank Paybill for all deposits. Use Co-op PesaLink, Co-op ATM, or branch deposits as alternatives.
Q: How much can I deposit via Paybill?
M-PESA limits apply: Up to KSh 150,000 per transaction and KSh 300,000 per day.
Q: Can I deposit to someone else’s Co-op account?
Yes. Just enter their Co-op account number in the “Account Number” field.
Final Thoughts
The Co-operative Bank Paybill number 400200 is your go-to tool for quick, secure, and reliable deposits from M-PESA to your bank account. Whether you’re topping up, paying a loan, or sending money to a Sacco, this service brings the bank to your fingertips — no queues, no paperwork.
Save time. Bank smart. Use Paybill 400200 today.
Read Also: SHA Registration: A Step-by-Step Guide