Learn about the PesaLink charges for the Co-operative Bank of Kenya. This guide includes details on how to link your Co-op Bank account to PesaLink and the fees associated with transferring various amounts.
Introduction
The Co-operative Bank of Kenya offers a convenient way to transfer money instantly between bank accounts through PesaLink. This service is accessible via the MCo-op Cash app or by dialing *667#. Here’s a detailed look at the fees associated with using PesaLink and how you can link your Co-op Bank account to enjoy these services.
How to Link Your Co-op Bank Account to PesaLink
Follow these steps to link your Co-op Bank account to PesaLink via the MCo-op Cash app:
- Access the Service: Open the MCo-op Cash app or dial *667# to access the service via USSD.
- Navigate to PesaLink: Select the ‘PesaLink’ menu from the options provided.
- Link Your Phone: Choose ‘Link your Phone’ to proceed.
- Select Account Number: Choose the account number you wish to link to PesaLink.
- Confirm Primary Account: Confirm your choice by selecting ‘yes’ to make it the primary account linked to PesaLink.
- Confirmation: A detailed confirmation will be displayed on your phone, and you will receive an SMS confirming the linkage.
Co-operative Bank PesaLink Charges
The Co-operative Bank of Kenya employs a tiered fee structure for PesaLink transfers, ensuring affordability across different transfer amounts. Below are the charges:
- Ksh 0 – 500: Ksh 0 (Free)
- Ksh 501 – 10,000: Ksh 42
- Ksh 10,001 – 50,000: Ksh 62
- Ksh 50,001 – 70,000: Ksh 82
- Ksh 70,001 – 100,000: Ksh 82
- Ksh 100,001 – 200,000: Ksh 112
Benefits of Using PesaLink
PesaLink offers several benefits, making it a preferred choice for instant money transfers:
- 24/7 Availability: The service is available round the clock, allowing you to send and receive money anytime.
- Wide Range: You can transfer amounts as small as Ksh 10 up to Ksh 200,000.
- Instant Transfer: Money is transferred instantly between accounts, making it a reliable option for urgent transactions.
Conclusion
Co-operative Bank’s PesaLink service is an efficient and cost-effective solution for instant money transfers. Whether you’re paying for services, sending money to friends or family, or conducting business transactions, PesaLink provides a secure and immediate way to transfer funds across banks in Kenya.
Contact Information
For more information or assistance with PesaLink, contact the Co-operative Bank of Kenya at:
- Phone: 020-2776000, 0703027000
By understanding and utilizing services like PesaLink, Co-operative Bank customers can enjoy seamless financial transactions with ease and convenience.
