The Co-operative Bank Paybill service makes it simple for customers in Kenya to deposit money into their Co-op Bank accounts directly from MPesa. Many Kenyans use the service daily because it is fast, secure, and works 24/7 on any phone.
In this detailed guide, you will learn the Co-op Bank Paybill number, how to use it correctly, common errors to avoid, charges, limits, and answers to the most frequently asked questions.
What Is the Co-operative Bank Paybill Number?
The official Co-operative Bank Paybill number is 400200.
This Paybill allows you to deposit money from MPesa into your Co-op Bank account. You can also use it to repay loans, pay for goods, or send money to another person’s Co-op account.
Why Use the Co-operative Bank Paybill?
The Paybill service offers many advantages:
- Fast and safe deposits
- Works 24/7 — even on weekends and holidays
- Easy access from any mobile phone
- Instant confirmation messages
- Supports personal and business accounts
Using the Paybill is more convenient than queuing at a bank branch.
How to Deposit Money Into Your Co-op Bank Account Using Paybill
Here is the step-by-step MPesa procedure:
- Go to MPesa Menu
- Select Lipa na MPesa
- Choose Paybill
- Enter Business Number: 400200
- Enter Account Number: Your Co-op Bank account number
- Enter the Amount you want to deposit
- Enter your MPesa PIN
- Confirm details and press OK
You will receive two SMS messages — one from MPesa and another from Co-operative Bank confirming the deposit.
How to Send Money to Another Person’s Co-op Bank Account
The process is the same as above.
Just enter their Co-op Bank account number in the Account Number field.
This is extremely useful when paying school fees, sending support to family, or making urgent payments.
How to Pay Loans Using Co-operative Bank Paybill
You can pay Co-op Bank loans such as:
- Personal loans
- MSME loans
- Asset finance
- Mortgage payments
Procedure:
- Go to Lipa na MPesa → Paybill
- Enter 400200
- For Account Number, enter the loan account number
- Enter amount
- Confirm and pay
Your loan balance updates once the payment is processed.
Common MPesa Errors When Using Co-operative Bank Paybill
Some users experience errors when depositing funds. The most common include:
1. Wrong Account Number
If you enter an incorrect account number, the money may go to the wrong recipient.
Always double-check your account number before paying.
2. Insufficient Balance
MPesa will decline the transaction if your balance is lower than the amount you are sending.
3. Exceeding MPesa Limit
Daily MPesa limit is KSh 500,000, but you can only send KSh 150,000 per transaction.
4. Network Delays
Sometimes messages may take a few minutes due to MPesa or bank network congestion.
Co-operative Bank Paybill Charges (MPesa Fees)
MPesa charges apply when sending money via Paybill.
Co-operative Bank does not charge deposit fees.
The charges depend on Safaricom’s current Paybill tariff, which changes from time to time.
You can check the latest charges using the MPesa app or Safaricom website.
Benefits of Using Co-operative Bank Paybill for Businesses
If you run a shop, online store, or small business, using the Co-op Bank Paybill can help you:
- Receive payments instantly
- Track your business income
- Reduce cash-handling risks
- Improve convenience for customers
Businesses can also apply for a Co-op Bank Till Number for simpler payments.
Security Tips When Using the Paybill Number
To keep your money safe:
- Never share your MPesa PIN
- Confirm the Paybill number is 400200
- Double-check the account number before sending
- Save the Paybill number in your phone for quick access
- Avoid using public Wi-Fi for mobile banking
These simple steps protect you from errors and fraud.
Frequently Asked Questions (FAQ)
1. What is the Co-operative Bank Paybill number?
The Paybill number is 400200.
2. Can I deposit money into another person’s account?
Yes. Just enter their Co-op Bank account number under Account Number.
3. How long does it take for money to reflect?
Deposits are normally instant, but may delay during high traffic.
4. Does Co-op Bank charge for Paybill deposits?
No. Only MPesa charges apply.
5. Can I reverse a wrong Paybill transaction?
Yes. Dial 234 or use the MPesa app and request reversal immediately.
Final Thoughts
The Co-operative Bank Paybill number (400200) is one of the easiest and most reliable ways to deposit money into your Co-op Bank account. Whether you are sending money to your own account or someone else’s, the process is fast, secure, and available 24/7.
Using this service saves time, reduces bank visits, and makes financial transactions convenient for both individuals and businesses in Kenya.
Join Our Telegram Channel
Vincent Nyagaka is the founder of Chweya, where he breaks down complex financial topics into simple insights. A trader since 2015, he uses his market experience to help readers better understand investing, trading, and personal finance.
