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An overdraft service allows you to complete transactions even when your account or mobile wallet has insufficient funds.

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Understanding Overdraft Services In Kenya: What You Should Know Before Using One

· 9 min read
Brian Otieno
Financial Realist and Fintech Analyst

In Kenya,overdraft services have become a common and popular financial tool for various individuals and businesses alike.From Fuliza helping you to complete an M-PESA transaction when you are short on money,or a bank overdraft covering that temporary cashflow gap,overdrafts often come in handy,offering quick and flexible financial help,this does not mean that they are devoid of costs and risks.

This post will help guide and explain to you how overdraft services work in Kenya,the types available,and what you should consider before using one.It is designed to help you make informed decisions,avoid unnecessary charges and help you make use of overdraft services responsibly.