In the wake of the Coronavirus pandemic, everyone is looking for ways to #StayAtHome to avoid contracting the contagious infection.
The Government in conjunction with the Central Bank of Kenya urged banks to consider reducing their charges to encourage cashless transactions since cash transactions could help foster the spread of the virus.
Visiting the banks is also strongly discouraged since Coronavirus spreads faster in crowded places therefore, people are going for the available alternatives to do their monetary transactions.
Luckily, the Co-operative Bank of Kenya, through its MCO-OP Cash has some of the best features that will neither require you to visit the bank physically nor do cash transactions.
The Co-operative Bank of Kenya has a mobile banking app called MCo-op Cash. This is a whole bank on your phone and can either be accessed through an app or a USSD.
You can do several cashless transactions using your MC0-OP Cash at the comfort of your house or your couch.
What is more? All the transactions are absolutely free!
With MCo-op Cash you can:
Deposit or save money
Apply and pay for a loan
Send money to another MCo-op Cash Account, Co-op Bank Account or SACCO Account
Send money to other mobile money services, for example, M-PESA
Withdraw money at a Co-op Agent or Co-op ATM
Transfer money to and from your Co-op Account or SACCO Account
Buy airtime for any mobile number
Pay bills, for example, KPLC, DStv, KRA Tax and Insurance
Pay for goods and services
Pay fees, for example, school fees or rent
Check your account balance or get a statement
Buy, sell or transfer shares
Activate SMS alerts for debits and credits
For those who are stranded and they need a quick loan, the money is just *667# away or via MCO-OP Cash App.
Are you wondering about the requirements? Well, it is as easy as ABC… Provided you have a cell phone and you are a member of the bank, all the MCO-OP Cash services shall be granted unto you.
To download the app, go to Google Play Store or the Apple Store.
Visit https://www.co-opbank.co.ke/ and learn more about the Coop Bank Mobile Money Services.
READ: Co-op Bank Scraps Balance Enquiry Charges Empowering Financial Control