Affordable Ways to Pay School Fees Using Co-op Bank

File image of Kenyan bank notes
File image of Kenyan bank notes
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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.

You can comfortably pay your fees through Co-operative Bank
You can comfortably pay your fees through Co-operative Bank.
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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.

A man in the process of paying school fees with the help of Co-operative Bank
A man in the process of paying school fees with the help of Co-operative Bank.
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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.