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Home Life Hacks

How to use Fuliza M-Pesa

Victor Mochere by Victor Mochere
in Life Hacks
Reading Time: 3 mins read
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How to use Fuliza M-Pesa

Fuliza M-Pesa is an overdraft facility that was launched by Safaricom in partnership with NCBA Bank. This is a service that allows Mpesa customers to complete their Mpesa transactions when they have insufficient funds in their Mpesa account. Fuliza is available to all M-Pesa customers, however the awarding of limits will depend on your credit viability and how long you have been using Mpesa.

In the article

  • What you need to know about Fuliza M-Pesa
  • Fuliza M-Pesa charges
  • How to Fuliza M-Pesa

What you need to know about Fuliza M-Pesa

Here are some things you should know as you apply and proceed to use Fuliza M-Pesa.

  1. You can use Fuliza M-Pesa on Lipa na M-Pesa (Buy goods and Paybill) as well as Send Money services
  2. You can use the service as many times as needed as long as you are within the allocated Fuliza M-Pesa limit
  3. Dial *234# and select Fuliza M-Pesa to check your limit, balance, mini statement and opt out option. Every time you transact using Fuliza, you will receive an SMS with the outstanding Fuliza amount
  4. Any funds received or deposited in your Mpesa account will automatically be used to clear your outstanding Fuliza M-Pesa
  5. You will receive confirmation from Safaricom showing how much you can use when you have insufficient funds to make an Mpesa payment
  6. Mpesa users can also opt out of the Fuliza service but only once their debt is fully paid up
  7. You cannot withdraw funds from Fuliza M-Pesa (but there’s a way around to do it, you can send that money to your alternative Safaricom line or your friend’s line and ask them to withdraw it for you)
  8. Fuliza M-Pesa is not a loan product. This is a continuous overdraft service that allows you to complete M-PESA transactions when you have insufficient funds
  9. You will not have access to your Fuliza M-PESA limit if you have any unpaid balance after day 30. This will however be restored on full repayment of your Fuliza balance
  10. Every M-Pesa registered line will be treated as a different account. Each mobile number will qualify for Fuliza M-Pesa and will be awarded a limit. This limit will be reviewed every 3 months depending on your usage

Fuliza M-Pesa charges

You will be charged 1% access fee and a maintenance fee on the outstanding balance as per below table. Normal M-Pesa transaction charges apply.

Band

Tariff

Promotional Tariff for 30 day from launch

Ksh 0 – Ksh 100

One-time fee of Ksh 2

One-time fee of Ksh 0

Ksh 101 – Ksh 500

Ksh 5 per day

 

Ksh 501 – Ksh 1,000

Ksh 10 per day

 

Ksh 1,001 – Ksh 1,500

Ksh 20 per day

 

Ksh 1,501 – Ksh 2,500

Ksh 25 per day

 

Ksh 2,501 – Ksh 70,000

Ksh 30 per day

 

How to Fuliza M-Pesa

To use the Fuliza M-Pesa, you will need to activate the service by following these steps.

  1. Dial *234#
  2. Select option 0 ‘Fuliza M-Pesa’
  3. Then, select option 1 ‘Yes’ to get started
  4. Lastly, accept the terms and conditions by selecting option 1 ‘Yes’
  5. Now, all you need to do is transact normally on Mpesa and if you have insufficient funds, Fuliza M-Pesa will cover the shortfall
Tags: MoneySafaricom
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Victor Mochere

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Victor Mochere is a blogger, social media influencer, and netpreneur creating and marketing digital content.

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afsqam ar hy az eu be bn bs bg ca ceb ny zh-CN zh-TWco hr cs da nl en eo et tl fi fr fy gl ka de el gu ht ha haw iw hi hmn hu is ig id ga it ja jw kn kk km ko ku ky lo la lv lt lb mk mg ms ml mt mi mr mn my ne no ps fa pl pt pa ro ru sm gd sr st sn sd si sk sl so es su sw sv tg ta te th tr uk ur uz vi cy xh yi yo zu
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