Access bank kenya

Banking

How to become Access bank POS agent/CLOSA agent/ Mobile money

How to become Access bank POS agent/CLOSA agent/ Mobile money

Access bank POS agent – Like any other bank In recent time, Access bank on its quest to deepen financial inclusion, make funds available to the under banked and unbanked, has introduced agency banking services centered around mobile money.

It then stands that as a mobile money agent, you represent the bank by carrying out services that ordinarily would have been sourced directly from the bank.

While doing this, you are entitled to certain commission both from the bank and the customers you attend to.

Requirements to become Access bank POS agent

You will need to have:

  • A visible business location which is easily accessible
  • Minimum working capital of N50,000
  • Valid ID card, mainly Voter’s card, Driver’s License, International passport, National ID card.
  • Utility bill
  • Business registration documents for corporate bodies

Transactions consummated as a POS/CLOSA agent

  • Cash withdrawal
  • Cash deposit
  • Funds transfer
  • Airtime top-up
  • Bill payment
  • Account opening

Read also: SurePadi agent – How to become a SurPadi agent in simple steps

It is very important to understand that a CLOSA agent could be any of the following;

#1. Registered business- individual

#2. Registered businesses – Limited liability companies, Sole proprietorship, partnerships, Co-operatives societies.

#3. Corporates with retail chains/large distribution network.

Mobile money explained

This is an electronic platform that enables individuals to transfer financial value through a mobile phone without using bank account.

Here, financial value is stored in a virtual wallet usually represented by the phone number of the subscriber. Money can be used by both bank account holders and non-account holders.

Some services rendered on Mobile Money platform:

  • Process and receives cash deposit
  • Withdrawal
  • Bill payment
  • Enroll customers on to the platform
  • Provide customer service and support to customers
  • Educate customers about Mobile money services.

How to register on Mobile money

You may proceed with your registration following the below arrangement;

  • From any GSM phone, dial *903# on your mobile phone
  • Select “1” from the list of options provided to choose “registration.”
  • Enter your first name, Last name, sex and date of birth accordingly
  • You will be required to change your default pin, usually 4-digit to your choice

The above applies to onboarding using a self-service.

However, you may still onboard from an agent location or any Access bank branch in the below arrangement;

  • Having visited any of the aforementioned location, request for a registration form
  • Complete the form correctly, read the terms and conditions, then sign appropriately
  • Return your completed form to the agent/branch
  • It’s now their duty to profile you with the details made available
  • On completion, your wallet will be activated, you will receive an SMS on how you can access your mobile money
  • Additionally, you will be required to change your default pin

How to change your Mobile money default pin

  • Dial *903#
  • Go to “My wallet > PIN change > Input old PIN, then enter your new PIN and confirm it.

Read also: How to become a Firstmonie agent in Nigeria

Transaction limits on Mobile money

Transaction limits apply to individual subscribers and agents according to Central bank of Nigeria transaction limit as follows:

  • Non banked – minimum daily N3,000 and maximum daily N30,000
  • Semi banked – minimum daily N10,000, maximum daily N100,000
  • Banked – minimum daily N100,000, maximum daily N1,000,000.

Mobile money contact details

You may contact the Access bank contact center through;

 

Frequently asked question on Access bank POS agent

Q1. How can I get POS machine from Access bank?

Having read the process of becoming an agent above, getting a POS machine becomes an easy ride, so long you’re ready to render agency services as required by the bank.

The POS comes at no cost to you whatsoever.

Q2. How can I get Zenith bank POS?

To get a Zenith bank POS, you will need to be a Z-Money agent, kindly read about Here.

Q3. How can I become a POS agent in Access bank?

This in its entirety has been explained above. But for the record, you will need the below requirements.

Requirements to become Access bank POS agent

Read also: Z-Money – How to become a zenith bank POS agent

You will need to have:

  • A visible business location which is easily accessible
  • Minimum working capital of N50,000
  • Valid ID card, mainly Voter’s card, Driver’s License, International passport, National ID card.
  • Utility bill
  • Business registration documents for corporate bodies

Do not forget to proceed to any Access bank branch nearest to you for further directives.

Conclusion

You may fulfill your dream of becoming an Access bank POS agent by following the above guideline religiously.

Do not forget to drop your concerns and enquiry, they will be attended to promptly.

19 comments on “How to become Access bank POS agent/CLOSA agent/ Mobile money

Raphael Orji
JOHN GOSPEL

Thank you for the information.
my questions are:
1. Is the Pos machine free? if not how much?
2. Are there any charges for maintenance? if yes, how much and on what basis (i.e daily, weekly, monthly, annually, etc)?
3. The minimum capital of #50,000. will it be in your account to start up with or is for the registration?

Reply
Raphael Orji

Hello John,

1) The POS is free

2) Maintenance charges varies according to banks if any,

3) The N50k will be in your account, it’s your money as a matter of fact. This will enable you ground start the business and attend to your customers.

Reply
Raphael Orji
Godwin Monday Jacob

Am a Access and Zenith bank agent its up to one month now non of the banks has given me the POS machine and its affecting my business seriously.

Reply
Raphael Orji

Hello Godwin,
Most times the availability and deployment of these POS is subject to queue.
How many people have applied before you and waiting.
It has to be done sequentially.
So be patient.

Reply
Raphael Orji
Emmanuel

Am I require to open a savings account

Reply
Raphael Orji

Hello Emmanuel,

An agent account will be profiled for you

Raphael Orji

Thanks for the information
but I’m worried, is it a most that one have a business registration document?
And can one withdraw the 50,000 any he/she wishes to

Reply
Raphael Orji

Hello Dati,
The business registration is prerequisite.
The N50k is still your money, just that you will need to pay it in. This will help you kickstart the business in earnest.

Reply
Raphael Orji
Mercy

Can I continue to be an agent even when I relocate to another state

Reply
Raphael Orji

Hello Mercy,

You remain an agent irrespective of your destination.
Kindly visit the nearest branch when in need.

Kind regards.

Reply
Raphael Orji
Robert

What’s are my benefits of been an agent
And how is the charges formulae in Access bank?

Reply
Raphael Orji

Hello Robert,

Your benefit for being an agent is evident.

1. It’s an additional source of revenue
2 The bank pays you certain percentage on each transaction consummated.
3. You charge your customers for using your terminal.

To find out the revenue sharing formula, kindly visit the nearest Access bank branch and enquire about the CLOSA agent account benefit.

Hope that helps?

Reply
Raphael Orji
Peace uko akpan

Please how much do I need to partner with access bank for POS agent and apart from the commission from depositing and rewarding how much will I receive as a monthly salary

Reply
Raphael Orji

Hello Peace,
Like the guide infers, you’ll need at least a working capital of N50k.

What you receive monthly strongly depends on your turnover.
This is why you’re advised to site your business in a moderately dense traffic location.

Hope that helps?

Reply
Raphael Orji
Friday Emmanuel

Pls…if u don’t have any outstanding business does it mean u can’t become an agent?
Can someone start the POS business without any existing business because of the business documents required of during the opening of the account?

Reply
Raphael Orji

Please can I apply online, I have all the requirements

Reply
Raphael Orji
Prince

I want to apply for pos close agent and there is no access bank in my place, so is there any way I can aplly for the pos close agent online

Reply
Raphael Orji
Prince

I want to apply for pos close agent and there is no access bank in my place, so is there any way I can aplly for the pos close agent online, I have all the requirements

Reply
Raphael Orji
Chioma

Good evening pls I need a POS machine for business, I have gotten a good location for the business, and also cash, all I need now is pos machine to execute my plan ,pls how do I go about it
Thanks

Reply

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