This article focuses on Fuliza Charges 2023. Fuliza is a continuous overdraft service that allows Safaricom’s M-PESA customers to complete their M-PESA transactions even when they do not have enough funds in their M-PESA account.
To enjoy Fuliza M-PESA overdraft services, a customer needs to be registered on M-PESA with an active Safaricom M-PESA line. Customers will need to opt into the Fuliza service to enjoy the service.
Eligibility
- M-PESA customers registered using their national ID/Kenyan passport/Military ID can activate Fuliza but not all are eligible for a loan limit upon activation.
- M-PESA accounts registered using Foreign passport cannot successfully opt-in to Fuliza.
- Upon opting in, one will be assigned a limit that defines the maximum amount of overdraft they can access.
- A customer will be charged a one off 1% access fee and a daily maintenance fee is applied the next day at midnight or 00.00 hrs.
- A Customer will also be charged 20% excise duty on the access fee. That means a customer who uses Fuliza and repays before the next day at 00.00hrs will only pay the access fee and a maintenance on the outstanding amount as per the table below:
| FULIZA TARIFF | |||
| Band | Tariff | 20% Excise Duty | Total Charges |
| 0 -100 | KSh 0 | KSh 0 | KSh 0 |
| 101-500 | KSh 2.5 | KSh 0.5 | KSh 3 |
| 501-1000 | KSh 5 | KSh 1 | KSh 6 |
| 1001-1500 | KSh 18 | KSh 3.6 | KSh 21.6 |
| 1501-2500 | KSh 20 | KSh 4 | KSh 24 |
| 2501-70000 | KSh 25 | KSh 5 | KSh 30 |