Home Business FULIZA M-PESA overdraft facility allows users complete M-PESA transactions...

FULIZA M-PESA overdraft facility allows users complete M-PESA transactions when they have insufficient funds in their M-PESA account

Are you low on M-PESA balance yet desperately in need of cash to make that important transaction? Whether it’s a utility bill with a Paybill/Till number or just want to send cash to someone with an emergency somewhere, FULIZA M-PESA could come in handy as it’ll allow you complete that transaction even when low on MPESA balance. You could borrow cash using the already available Mshwari or KCB-MPESA loan facilities to sort out your problem, but what if you’re already on the MPESA menu and probably servicing an existing loan or already reached your maximum loan limit; this is where FULIZA M-PESA is way better than all alternatives.

Overdraft facility already exists with many banking institutions; it’s surprising how the likes of FULIZA M-PESA services took this long even after loan facilities becoming available early in time on our mobile phones. FULIZA M-PESA service is definitely viable at least according to Safaricom alongside with partners who got the much needed go ahead nod from Kenya’s financial regulator – Central Bank of Kenya.

There are no known stringent requirements to use FULIZA M-PESA, all You need is be an M-PESA registered customer with an active Safaricom line; so if you are already using MPESA, you should be good to go and you can hold as many accounts as the number of MPESA lines you have.

How to Subscribe / Start Using FULIZA M-PESA

  • On your phone’s Dial pad, dial *234# to subscribe via USSD Code
  • Then select ‘Fuliza M-PESA’ to opt in.
  • FULIZA M-PESA has of course a set limit on the amount you can access which you can utilize as long as you’re within the limit.

The following services on FULIZA M-PESA can be accessed via a USSD Code “Dial *234#

  • Check your FULIZA M-PESA limit
  • Check FULIZA M-PESA balance
  • Access FULIZA M-PESA mini statement

However, each time you transact using Fuliza, you will receive a text message with the respective outstanding Fuliza amount. The more you use and repay FULIZA M-PESA, the more chances you would grow your Fuliza M-PESA limit just the way you’d normally grow mobile loan limit.

How to repay FULIZA M-PESA

As long as you have an outstanding overdraft, any funds received or deposited in your M-PESA account will automatically be used to clear your outstanding Fuliza M-PESA.

FULIZA M-PESA Transaction Costs / Tariffs

Band Tariff
0-100 One-time fee of Ksh 2
101-500 Ksh 5 per day
501-1000 Ksh 10 per day
1001-1500 Ksh 20 per day
1501-2500 Ksh 25 per day
2501-70000 Ksh 30 per day

7 COMMENTS

  1. I’m sending money to my friend coz I have fuliza but can’t get money give me direction step by step on how to get that money

LEAVE A COMMENT

Please enter your comment!
Please enter your name here

How to send someone a “please call me” text message on Safaricom, Telkom and Airtel networks

Mobile service providers in Kenya have a nifty network feature that allows subscribers to alert their friends and family members to call...

OPPO unveils the OPPO Watch ECG Edition, capable of recording your heart’s electrical signal

OPPO recently unveiled its hyped OPPO watch in the country alongside the Reno4 smartphone, both devices are currently on preorder and customers...

Huawei Y9a goes on preorder in Kenya for Ksh. 30,999, customers to get a free power bank

Recently announced Huawei Y9a has now gone on preorder in the country, with a price tag of Ksh. 30,999. The company also...

Samsung announces the Galaxy S20 Fan Edition (FE) with a 120Hz screen in a global online event

Samsung has finally announced its Galaxy S20 FE in a global event that was streamed live on YouTube, the handset has some...

WarnerMedia’s TNT entertainment channel now on StarTimes portfolio

StarTimes team has been busy lately forging some partnerships with world class entertainment channels and TNT is the latest addition on its...

Huawei Y5p available at Safaricom shops with a Jisort na Bonga offer (Ksh.8,999 + 4,000 points)

Huawei’s budget focused Y5p is now available at Safaricom shops with a “Jisort na Bonga” offer where customers have the option of...

New law seeks to punish misleading online advertising and inaccurate mileages on vehicles

A new law that is up for debate in parliament, if passed, will seek to punish online retailers that provide inaccurate information...

OPPO officially introduces the OPPO Reno4 in Kenya, to retail at Ksh. 39,999

OPPO has launched the Reno4 in Kenya in an online event that was officiated by OPPO Kenya's Product Manager Mr. Ernest Teigut....