How to Top Up CIC MMF using M-PESA


The CIC Money Market Fund (MMF) is a low risk investment tool for those that want to save their money while earning interest. Compared to the traditional saving accounts offered by banks, MMFs such as the one offered by CIC have two clear advantages: they tend to offer better interest rates and two, one can access their money at any time since they have no minimum investment periods (fixed durations.)

Customers of the CIC MMF also get the opportunity to top up their accounts in a convenient way using M-PESA. This saves the customers not only a trip to the bank but also the fees that may be required to transfer between banks (RTGS, PesaLink etc).

Since CIC uses Co-operative Bank for their MMF account, the top up basically involves sending money to their bank account via the PayBill option. Here’s how to go about it:

  1. Go to your M-PESA menu and select the PayBill option.
  2. Enter the PayBill number 600118.
  3. For the Account Number enter your CIC Member Number followed by an M e.g. if your member number is 12345 you’ll enter 12345M.
  4. Enter your M-PESA Pin to confirm the transaction.

Shortly after this you’ll get an SMS from CIC confirming that you’ve successfully topped up your account. It will however take a few days for the amount to reflect in your account which you can check via the CIC Asset app or the CIC Asset Online Portal. If you experience any difficulties reach out to your account manager or email [email protected].

journeybytes web design


Kelvin Muriuki is the editor of Kenyan Fix and founder of Journey Bytes, a tech blog and web design agency that seeks to help individuals and businesses grow their online presence through affordable and user-friendly websites.

Leave a Reply

Feel free to share your thoughts or questions about the article. Your email address will not be published.