HOW TO TRANSFER MONEY FROM CO-OPERATIVE BANK TO M-PESA:

Many banks in Kenya today that offer M Banking services. For example the Cooperative Bank’s M-Banking and besides the convenience it was pretty simple to use.
If your job or businesses demand frequent travel to the  interior of our country or better still if you plan to travel up country this festive season, you might consider registering for this service
Its free to register for the service in any Cooperative Bank branch, after which you can;

• Deposit money into your bank account from your M-PESA
• Withdraw money from your bank account to your M-PESA account

HOW TO TRANSFER MONEY FROM M-PESA TO  CO-OPERATIVE BANK

To deposit money to your bank account,Ensure you have enough cash in your M-PESA account to cover the deposit and transaction charges. It is important to note that while us Mpesa will deduct its charges from your Mpesa Account, Co-operative Bank deducts their charges in your bank account. Meaning after the transfer, your new Bank account balance will be less the transaction fees. The transaction charges are:

Range	M-Pesa Charges (Charged in your M-pesa Account)	Coop Bank Charges (Charged in your Bank Account)	Total
Ksh.100 – Ksh. 2,499	Ksh. 30	Ksh. 30	Ksh. 60
Ksh. 2,500 – Ksh. 4,999	Ksh. 50	Ksh. 50	Ksh. 100
Ksh. 5,000 – Ksh. 9,999	Ksh. 75	Ksh. 75	Ksh. 150
Ksh. 10,000 – Ksh. 19,999	Ksh. 100	Ksh. 100	Ksh. 200
Ksh. 20,000 – Ksh. 35,000	Ksh. 150	Ksh. 150	Ksh. 300

1. Go to the Mpesa menu on your phone and select Pay Bill option.
2. Enter business no. 400200
3. Enter your Cooperative Bank Account no.
4. Enter the amount to transfer (maximum amount per transaction 1s Ksh. 35,000, and Ksh.70,000 maximum within 24 hours)
5. Enter your M-PESA PIN number
6. Confirm your details and press OK/Send

Next, you will receive and SMS from M-PESA showing the amount has been transfered from your account, it reads: ” BBBBBB confirm sent to Co-operative Bank Money Transfer for account on 05/12/10 at 11:30 am.New M-PESA balance is “
Shortly after (approximately 5 minutes), you will receive an SMS from Cooperative Bank confirming that the money will indeed be transfered to your account: “M-Pesa Paybill Amount = will be transferred to bank A/c , , shortly. Co-operative Bank K Ltd.”
In one hours time, the money will be available in your account for any other transaction e.g online transaction using your ATM card.

HOW TO TRANSFER MONEY FROM CO-OPERATIVE BANK TO M-PESA:

To access money in your bank account for different services, You need to have registered for M banking at any Cooperative Bank Branch.
Then on your phone press *667#. A menu will appear on your phone from which you select what M banking service you need as follows :
5. Mpesa
4. Airtime (Pre-paid only)
3. Utilities
2. Alerts
1. Banking
0. Call center Number
Press the number against the service you need. In our case you press 5 and follow the intuitive wizard. However, you need to be fast in keying in information in each step, if you delay for more than say 60 seconds in a single step, the system does not complete your request and you have to start afresh.
As at the date of this post, Cooperative bank charges a flat fee  Ksh. 60 to transfer money to your MPesa account regardless of the amount. You are however limited to transfering a total of Ksh. 75,000 within 24 hours. Once the money is in your Mpesa account, normal Mpesa charges will apply for any further transactions e.g withdrawing the money from an Mpesa agent.