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Carry out a variety of banking transactions straight from your mobile phone via MCo-op Cash

Co-operative Bank is Regulated by the Central Bank of Kenya.

Mobile Banking (MCo-op Cash)

Mobile Banking Account

Making time for the bank can be tough, but banking shouldn’t be an inconvenience. We have therefore made it possible for you to bank anytime and anywhere! 

Some people love to go to the bank, but if you are not one of them, we completely understand. Transact straight from your phone by simply dialing *667# or via the MCo-op Cash App.

To download the app, go to Google Play Store  or the Apple Store

With MCo-op Cash, you can access these services:

  1. Deposit or save money 
  2. Apply and pay for a loan
  3. Send money to another MCo-op Cash Account, Co-op Bank Account or SACCO Account
  4. Send money to other mobile money services, for example, M-PESA
  5. Withdraw money at a Co-op Agent or Co-op ATM
  6. Transfer money to and from your Co-op Account or SACCO Account
  7. Buy airtime for any mobile number
  8. Pay bills, for example, KPLC, DStv, KRA Tax and Insurance
  9. Pay for goods and services
  10. Pay fees, for example, school fees or rent
  11. Check your account balance or get a statement
  12. Buy, sell or transfer shares
  13. Activate SMS alerts for debits and credits
MCo-opCash Salary Loan

What is MCo-opCash Business Plus Loan?

MCo-opCash Business plus Loan is available to those who have been operating a Co-op Bank business account for a minimum of 6 months.

Loan features:

1. Depending on your turnover and CRB score, you can apply for a minimum of Kes 100 up to a maximum of Kes 500,000.

2. To apply for the loan:

1. Dial *667# or download the Mco-opCash app

2. Register for MCo-op cash free of charge, with your National ID or valid Passport number

3. Link your business account at any Co-op Bank branch

4. Log into MCo-opcash and Apply!

3. The loan amount is deposited in your MCo-opCash account, less a one-off appraisal fee of 3% of the loan amount applied for, commission of 1.083% of loan amount applied and 20% excise duty of the total commission charged. You can withdraw cash at any Co-op Bank ATM or Co-op Kwa Jirani Agent. You can also send the money direct to your Mpesa or someone else’s Mpesa


Frequently Asked Questions:

1. What is the monthly commission of the loan?

You will be charged 1.083% of the loan applied.                                                                                

2. What is the repayment period?

The loan is payable in monthly installments for a maximum a period of 6 months.

3. Can I apply for MCo-op Cash Business loan if I have another loan with Co-op Bank, e.g. Personal Loan?

Yes as long as you do not have any other MCo-opcash loan.

4. Can I apply for the loan immediately I register for MCo-opcash?

Yes, as long as you have been pre-qualified.

5. What if I don’t repay the loan in 30 days?

You will be listed with CRB

6. What if my loan application is declined?

You can visit the nearest Co-op Bank branch, call customer service on 020 2776000 / 0736 690101 / 0703 027000 or email

7. What are some of the reasons a loan application can be declined?

1. Negative CRB score
2. Overdrawn business account
3. MCo-opcash loan arrears

8. How will I repay the loan?

The loan repayments will automatically be deducted from your business account when they’re due.

You can also initiate payment from;

  • Your business account or any other Co-op Bank account that you have linked to your MCo-opCash.
    • Log into MCo-opCash by dialing *667# or through the MCo-opcash app
    • Select ‘LOANS’
    • Select ‘PAY LOAN’
    • Follow instructions
  • Your Mpesa number or someone else’s Mpesa number, through paybill 400200. Account number: your business account.

9. How do I check my loan balance?

1. Log into MCo-opcash by dialing *667# or through the Mco-opCash app
2. Select ‘LOANS’
4. Select ‘LOAN BALANCE’
5. Follow instructions

10. How many times can I apply for the loan?

You can apply for the loan as many times as possible, but you can only qualify for one MCo-opcash loan at a time

11. If I have more than one registered mobile number, can I register for more than one Mco-opcash account and apply for several loans?

You can register more than on MCo-opcash account, but you can only take one MCo-opcash loan at a time.

12. Can I top up my loan?


13. Can I access MCo-opcash outside Kenya?

Yes. Through the MCo-opcash app which is internet based

14. What if I lose network signal during a transaction?

Whenever you successfully complete a loan application you will receive a confirmation message that the loan application is successful and the amount has been deposited in your MCo-opcash account. if you do not receive this message due to a lost signal, check your account and re-apply for the loan if it did not get processed.

15. What if I lose my phone?

Your money is safe because your Mo-opCash PIN protects your MCo-opCash account. You are advised to block and replace your SIM card with your mobile phone service provider. To access your MCo-opCash account, you will need to visit the nearest Co-opBank branch in order to re-set your new phone. This is a security measure the bank has put in place to protect you from fraud. Thereafter, you can conveniently access your account through the MCo-opCash app or *667#.

16. What if I forget my MCo-opcash PIN?

  1. Dial *667# and reply with 1
  2. To accept terms and conditions, reply with 1
  3. Enter your National ID or passport number (whichever you used to register for MCo-opcash)
  4. Select your preferred option which is either 1. Reset PIN via Mpesa transaction or 2. Call contact center number 0703 027000
  5. If you select option 1. Reset PIN via Mpesa transaction, an Mpesa screen will appear requesting you to confirm deposit of Kshs 1.00 to your MCo-opcash account by entering your Mpesa PIN. If you enter the wrong Mpesa PIN you will be required to repeat the process.
  6. Once you enter the Mpesa PIN, you will receive an SMS with a 6-digit password. This password expires after 30 minutes, after which you will be require to repeat the process. If you do not receive the password, call our contact center on 0703 0270000
  7. Redial *667# and enter this 6-digit password
  8. You will be asked to enter and confirm your preferred new MCo-opcash PIN

17. Can I reset my PIN through the MCo-opcash app?

No. the service is currently only available through *667#.  

18. If I default on the loan, will the bank access money in my other Co-op Bank accounts?

Yes. The loan is deducted from any of your Co-op bank accounts.

19. How do I withdraw cash at the ATM?

1. Log into MCo-opCash through *667# or MCo-opCash app
3. Select ATM
4. Follow the instructions
5. Receive SMS with a 6-digit SECRET CODE. (valid for only 2 hours)
6. On the ATM screen, click MCO-OPCASH WITHDRAWAL
7. Enter your MCo-opCash number, the Amount, and the Secret Code to complete the withdrawal

Withdrawal at the ATM costs Kes 30 for any amount up to Kes 40,000. You can withdraw up to Kes 40,000 per transaction up to a maximum of Kes 200,000 per day

20. How do I withdraw cash at a Co-op Kwa Jirani Agent?

1. Log into MCo-opCash through *667# or MCo-opCash app
4. Follow the instructions
5. Receive SMS with a REFERENCE NUMBER
6. Give the reference number, your MCo-opCash number, and original ID/Passport to the agent to complete the withdrawal.

MCo-opcash Self Pin Reset Solution

Frequently Asked Questions

1. Q. What is MCo-op Cash Self PIN Reset service?

A. This is a service that allows Co-op Bank customers to reset their MCo-op Cash PINs on their own, by dialing *667#.

2. Q. What are the requirements to use this service?

 A. To access this service, you will require the following;

  1. An active MCo-op Cash account
  2. National ID or Passport number
  3. At least Kes.1 in your M-Pesa account
  4. Your M-Pesa PIN

3. Q. How much does it cost to self-reset my PIN?

 A. There is no charge for using this service. However, you will be prompted to deposit Kes.1 from your M-Pesa account to your MCo-op Cash account.

4. Q. What is the process of resetting MCo-op Cash PIN?


  1. Dial *667#. Reply with 1 in case you have forgotten your PIN.
  2. Replying with 1 to Accept Terms and Conditions.
  3. Enter your National ID or Passport Number.
  4. Select your preferred option which is either 1.Resetting the PIN via M-Pesa Transaction or 2. Calling the Contact Center number 0703 027 000.
  5. When you select the option of Reset PIN via M-Pesa Transaction, an M-Pesa pop up will appear, requesting you to confirm a deposit of Kes. 1 to your MCo-op Cash account by entering your M-Pesa PIN.
  6. Upon successful verification of the above, you will receive an SMS with a 6-digit One Time Password (OTP).
  7. Re-dial *667# to enter the shared OTP.
  8. Enter your preferred 4-digit PIN
  9. Confirm your preferred PIN.

5. Q. How long does the One Time Password (OTP) take to expire?

A. The OTP expires in 30 minutes. If you exceed the 30 minutes before using the OTP, then you will be required to re-do the process.

6. Q. What should I do if I do not receive the One Time Password (OTP) ?

 A. If you do not receive an OTP, kindly call our contact centre on 0703027000.

7. Q. How can I access my Kes.1 deposited to my MCo-op Cash Account?

A. Dial *667# to access the main MCo-op Cash menu and explore the available options of utilizing the money.

8. Q. What if I Input the wrong M-Pesa PIN?

A. You will receive an SMS stating that you entered the wrong PIN and you will therefore be required to try the process again

9. Q. Who can use this service?

A. The service is currently available to Safaricom customers who have active M-Pesa accounts only.

10. Q. In circumstances where I am unable to reset through the M-Pesa led Transaction, how else will I be assisted?

A. You can still call the Contact Centre via 0703027000 or visit your nearest Co-op Bank Branch for assistance

11. Q. Can I reset my PIN through the APP?

A. No. The service is currently available only via the USSD code *667#. This service will be available on the Mco-op Cash App. later.

10. Q.What if I do not have money in my M-Pesa?

A.The validation process and consequent change of PIN cannot be completed. You will need to have at least Kes. 1/- in your M-Pesa account before beginning the reset process.

11. Q. What if I do not remember my M-Pesa PIN?

A. You will not be able to successfully do a PIN reset unless you have the correct M-Pesa PIN

12. Q. I am getting the error, ‘’ your account is blocked’’ when I dial *667#. Will I be able to reset my PIN?

A. No. You will be required to first unblock your Mco-op cash account by calling our contact centre or visiting the nearest Co-op Bank Branch.

13. Q. Is there a limit to the number of times I can reset my Mco-op Cash PIN?

A. No. There is no limit on the number of times you can reset your Mco-op cash pin.

14. Q. What should I do if my M-pesa PIN is compromised? Can I prevent someone else from resetting my pin?

A. If your M-pesa pin is compromised, and to prevent someone else from resetting your pin, urgently call our contact center for your account to be blocked to prevent someone else from resetting your pin.

15. Q. I am getting the message ‘’Invalid National ID or Passport’’ when I enter my ID number or Passport Number.

A. Kindly enter the national ID number or Passport number that you used when opening the Mco-op cash account. If you are

16. Q. I am entering my correct ID or Passport number but I am still getting the error ‘’Invalid National ID Number or Passport number’’ What should I do?

A. Kindly visit your nearest branch to confirm that your ID or Passport number is properly captured.

Limits & Tariff Guide
  1. Credit card transactions attract a cash advance fee of 6% less excise duty
  2. Tariffs are bound to change at short notice
  3. Tariffs indicated are independent of appropriate Government taxes

Mco-opcash Limits and Tariffs

Terms & Conditions


This Agreement sets out the complete Terms and Conditions (hereinafter called "these Terms and Conditions") which shall be applicable to the Mobile Money Account (as hereinafter defined) opened by you (as hereinafter defined) with the Bank (as hereinafter defined).

These Terms and Conditions and any amendments or variations thereto take effect on their date of publication.
The Customer accepts and acknowledges that this is a legal and binding agreement between the Customer and the Bank once accepted by both parties.

MCo-op Cash Terms & Conditions

Product Fact sheet








1.083 % p.m.

Insurance fee of 0.034%


6 months

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