This is why clever parents are smiling as students go back to school for the second term
Most parents tend to have unsettling feeling wherever schools are about to open, but smart parent are smiling as their children go back to school for the second term.
School fees and shopping expenses are a burden to parents who haven’t discovered life can be much easier by using tailored products offered by the Co-operative Bank of Kenya.
There are 4 services offered by Co-operative Bank that should make all parents smile as their children go back to school:
1.MCo-op Cash
Some parents don’t have money to pay for school fees, and this where MCo-op Cash comes in handy. Parents short of money to pay school fees can get a loan directly from MCo-op cash.
Co-op bank’s interest rate is the lowest in the market at only 1.16% interest rate per month. There are no facilitation fees on this loan or any hidden fees.
It should also be noted that sending money from MCo-op Cash to MCo-op Cash is free. So in case you need to send school fees to someone, use MCo-op cash.
Parents can also use Mco-op Cash to pay school fees at the convenience of their phones. Several schools have integrated to Mco-op Cash so you can just pay school fees via MCo-op cash without being charged extra transaction fees.
Check school codes Here
Parents and students can also use MCo-op Cash to send school fees into a Co-op account or to a Sacco Account. The money reflects into the account immediately. You can also check your account balance via MCo-op Cash.
Download the MCo-op Cash app on your phone from your app/play store and enjoy these amazing services being offered.
- Co-op Visa Cards
Talk of back to school shopping then Co-op Visa Cards has you covered. Pay for all the shopping you do using Co-op credit or debit cards at No Extra Cost.
There are no additional charges for using the Co-op Bank’s cards to pay for goods and services.
- Co-op Kwa Jirani Agents
If you need cash this back to school season, you can withdraw money from your from a Co-op Kwa Jirani agent near you instead of rushing all the way to the ATM or queuing in the banking hall.
And by the way banks will be closed on Sunday and Monday since its Labor day, but Kwa Jirani agents will be open. So parents can still conveniently pay for their children school fees at a Co-op kwa jirani agent.
- MPESA PayBill 400222
Parents, Guardians and students can enjoy paying schools fees without having to go to a bank or school by using a mobile phone with an Mpesa enabled sim. School fees payment service is a Pay Bill option for paying school fees to participating schools only.
The process of paying school fees using Co-operative Bank Pay Bill number is 400222:
- From your phone menu, go to the M-PESA Menu and select Pay Bill.
- Enter Co-op bank’s pay bill number 400222 on the business number field
- Enter the school code on the account number field followed by # then the student’s school admission number.
- Enter the amount to be paid for school fees,
- Enter your secret M-PESA pin, and confirm the transaction.
