This is a complete guide on all the convenient and affordable ways in which you can use the revamped Co-op Bank platforms to pay school fees.

If you are short on school fees or the back-to-school shopping budget, the article will also take you a step by step process on how to apply for a salary loan of up to half a million.

In regards to making sizable savings when it comes to back-to-school shopping, you can enjoy discounts at various outlets including Text Book Center, Uniform distributors Limited, BlackBerry Enterprises, and Mugambi Emporium Limited.

Here are the various ways to use Co-op bank to save up during this school reopening period.

How To Pay School Fees Through Mco-op Cash

Firstly, transfer money from your Co-op Bank account to the School’s Co-op Bank account through Mco-opCash, then follow the easy steps below:

• Dial *667# or use the MCo-op Cash app and login with your MCo-op Cash PIN

• Select Bank Transfer

• Select Other Co-op accounts

• Enter the School Co-op Account

• Select the account to transfer from

• Enter the amount you want to pay

• Enter the reason for payment: student’s name or admission number

• Confirm the transaction

• You will then receive a confirmation via SMS

How To Pay School Fees Through M-Pesa PayBill

This is easily done by transferring Money from your MPESA account to the School’s Co-op Bank account using a designated paybill number.

Here’s how to go about the process of paying school fees through MPESA:

• Go to Lipa na Mpesa, Paybill option,

• Enter Business Number 400222.

• Enter Account Number as School Code, For example: 1059#123456789.

Click here to get the list of all the school codes.

• Enter the amount you want to pay.

• Enter your M-Pesa PIN and confirm the transaction.

• You will receive a confirmation SMS with the payment details.

How To Pay School Fees Through PESALINK

You can also conveniently make school fees payments by transferring money from another local bank to the school’s Co-op Bank account through PESALINK.

It’s a fast and safe way to carry out such transactions from the luxury of your smartphone.

Here’s how to go about it:

• To access PESALINK, login to the bank’s online banking or mobile banking app.

• Select ‘PESALINK’ on the main menu.

• Select ‘send to account’.

• Enter the School’s Co-opBank account number.

• Choose the BANK (Select ‘CO-OPBANK’).

• Enter the amount you want to pay.

• Select the account you want to transfer from.

• Follow the steps to complete the transaction.

• You will receive a confirmation SMS with a link to a digital receipt which you can print.

Notably, you can also deposit cash in the school’s Co-op Bank account at your nearest Co-op Kwa Jirani agent for free.

How To Apply for a Salary Loan on MCo-op Cash

If you are short on school fees or even struggling with your back-to-school shopping budget, you can easily apply for a salary loan of up to Ksh 500,000 with a repayment period of up to 3 months.

No filling forms, no visiting a branch, no guarantors or security required.

Here’s is how to apply for a salary loan:

• Dial *667# or use the MCo-opCash app and login with your MCo-opCash PIN.

• Navigate to ‘Loans’ on the main menu.

• Select ‘Salary Loan’.

• Follow the easy steps.

The application is processed immediately, and the loan amount is deposited in your MCo-opCash account.

You can then transfer the money directly to the School’s Co-op bank account using the following steps:

• Login to Mco-opCash.

• Select Bank Transfer.

• Select Other Co-op accounts.

• Enter the School Co-op Account.

• Select the account to transfer from.

• Enter the amount you want to pay.

• Enter the reason for payment: student’s name or admission number.

• Confirm the transaction.

• You will then receive a confirmation via SMS.

If you need the funds in cash, you can withdraw at any Co-op Bank ATM or Co-op Kwa Jirani agent. You can also send the money directly to any MPESA number.

Notably, you can pay for back-to-school shopping with your Co-op Visa card at no extra charge during this period.

Click here to see the full list of stores where you can enjoy the back to school discounts with your Co-op Visa Card.

LEAVE A REPLY

Please enter your comment!
Please enter your name here