This is an overdraft facility that allows KCB Bank Agents and other Telco agents to purchase float even when they have insufficient funds in their accounts. The facility charges 0.2% daily interest and is available only to prescored customers with limits.
Dial *520# and Select Kopa Float to opt in/out.
Every time you utilize your overdraft limit, you will receive an SMS with the outstanding overdraft amount.
You will be charged a daily interest of 0.2% on the accessed overdraft facility and a default penalty of 5% if the overdrawn amount is not paid on time.
