Cooperative Bank, also known as Co-op Bank, is a UK-based retail and commercial bank. It was founded in 1872 as the loan and deposit department of the Co-operative Wholesale Society (CWS), and later became a separate entity in 1971. The bank has around 4 million customers and operates over 600 branches across the UK.
Co-op Bank provides a range of financial products and services including personal and business banking, mortgages, insurance, and investments.
It also has a strong ethical stance and claims to be the only high street bank with a customer-led ethical policy, which includes not investing in companies involved in fossil fuels or arms trade.
In recent years, Co-op Bank has faced financial difficulties, including a significant capital shortfall in 2013, which led to the bank being partly owned by hedge funds.
However, in 2017, the bank returned to full ownership by its customers through the Co-operative Bank Charitable Foundation.
Deposit Money to Coop Bank via Mpesa
To deposit money to Coop Bank via Mpesa in Kenya, you can follow these steps:
- Go to your Mpesa menu on your mobile phone.
- Select Lipa na Mpesa, then Pay Bill.
- Enter the Coop Bank Pay Bill number, which is 400200.
- Enter your Coop Bank account number followed by the amount you want to deposit.
- Enter your Mpesa PIN and confirm the transaction details.
- Wait for a confirmation message from Mpesa and Coop Bank.
MUST READ: How to Apply Online for AGPO Certificate
Your Coop Bank account should be credited with the deposited amount within a few minutes. It’s important to ensure that you enter the correct Pay Bill number, account number, and amount to avoid any errors or delays in processing the transaction.