Verified 12 September 2026
Equity Bank vs Co-op Bank: Which to Use
By Arnold Ochieng · Equity Bank Kenya hub · paybillke is an independent guide and is not affiliated with Equity Bank Kenya.
This sits beside the existing Equity vs KCB page to complete the set. Equity and Co-op are two of Kenya's giants, and many people bank with both. On paybills, Equity is 247247 and Co-op is 400200, both taking your account number.
Mobile channels
Equity has Equitel *247# and its app, Co-op has MCo-op Cash *667# and its app. Both let you send, pay, borrow and check balance from the phone.
Loans
Equity has Eazzy Loan and Boostika. Co-op has an app e-loan up to KES 1 million for salary and business account holders. So for a large instant amount, Co-op wins on ceiling. For a small, fast, everyday overdraft, Boostika sits neatly beside Fuliza.
Reach
Equity has the largest customer base and around 190 branches plus a huge agent network. Co-op has 162 branches and is the leader in Sacco and cooperative banking.
The bottom line
Use the bank your salary or school uses, keep both if it helps, and pick the cheaper route each time. Equity for reach and everyday mobile; Co-op for a big instant loan or Sacco banking.
Frequently asked
Which paybill is which?
247247 Equity, 400200 Co-op.
Which is bigger?
Equity by customers, Co-op leads in Saccos.
Largest mobile loan?
Co-op's app e-loan, up to KES 1 million.