PesaLink, an instant money transfer service in Kenya, allows Co-operative Bank customers to send money in real-time to other banks and vice versa. Introduced in partnership with Integrated Payment Services Limited (IPSL) and local banks, PesaLink enables users to transfer amounts ranging from as little as Ksh 10 to as much as Ksh 200,000. The service is available 24/7, making it a convenient solution for individuals and businesses looking to make inter-bank transfers efficiently.
Co-operative Bank of Kenya provides PesaLink services through its mobile banking platforms, MCo-op Cash app, and USSD (*667#), allowing customers to access this service anytime, anywhere. The charges associated with PesaLink transactions are designed to be affordable, making it a cost-effective option for money transfers.
How to Link Your Co-op Bank Account to PesaLink via MCo-op Cash
To use PesaLink with your Co-operative Bank account, follow these steps to link your phone through MCo-op Cash:
- Open the MCo-op Cash app or dial *667# to access the Co-op Bank USSD service.
- Select the PesaLink option from the menu.
- Choose the “Link Your Phone” option.
- Select the account number you want to link.
- Confirm whether you want to make this your primary account for payments.
- A confirmation message will be displayed on your phone.
- You will receive an SMS confirmation notifying you that your phone has been successfully linked to PesaLink.
Once linked, you can start using PesaLink to send or receive money instantly from other banks directly to your Co-op Bank account.
Co-operative Bank PesaLink Charges
Co-operative Bank has a straightforward and affordable fee structure for PesaLink transactions. The fees are based on the transaction amount, as shown below:
| Transaction Amount | Fees (KES) |
|---|---|
| Ksh 0 – 500 | 0 |
| Ksh 501 – 10,000 | 42 |
| Ksh 10,001 – 50,000 | 62 |
| Ksh 50,001 – 70,000 | 82 |
| Ksh 70,001 – 100,000 | 82 |
| Ksh 100,001 – 200,000 | 112 |
Key Points to Note:
- For transfers up to Ksh 500, there are no charges, making it highly affordable for smaller amounts.
- The transaction fees for larger amounts remain competitive, making it one of the most cost-effective solutions for bank-to-bank transfers in Kenya.
- All transfers through PesaLink are processed instantly, ensuring recipients get the money in real-time.
Why Use PesaLink with Co-operative Bank?
- Speed: PesaLink ensures real-time transfers, meaning the recipient will receive funds instantly, regardless of the time of day.
- Convenience: Co-operative Bank makes it easy to access PesaLink through its MCo-op Cash app and USSD, enabling customers to use the service even without a smartphone.
- Cost-Efficiency: With affordable charges, especially for smaller transactions, PesaLink offers a low-cost alternative to traditional money transfer services.
- Security: All PesaLink transactions are secure, as they are processed through official bank channels, offering peace of mind to users.
Co-operative Bank of Kenya Contacts
For more information or assistance with PesaLink, Co-operative Bank of Kenya can be contacted through:
- Phone: 020-2776000, 0703027000
PesaLink has transformed how Kenyans send money across banks, offering a faster, cheaper, and more convenient alternative to traditional methods. With Co-operative Bank’s integration of PesaLink through its MCo-op Cash app and USSD service, customers can enjoy the flexibility of conducting real-time inter-bank transfers anytime, anywhere. Whether you’re sending small amounts or larger sums, Co-operative Bank’s PesaLink charges remain competitive, making it an ideal solution for personal or business transactions.
