How to become Access bank POS agent/CLOSA agent/ Mobile money
July 17, 2020
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;
- Email: Contactcenterunit@
accessbankplc.com - Phone: 012802500, 012712005-7.
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.
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26 comments on “How to become Access bank POS agent/CLOSA agent/ Mobile money”
JOHN GOSPEL
September 11, 2020 at 8:23 amThank 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?
Raphael Orji
September 12, 2020 at 5:44 amHello 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.
Godwin Monday Jacob
October 13, 2020 at 10:27 amAm 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.
Raphael Orji
November 2, 2020 at 1:53 pmHello 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.
Emmanuel
December 30, 2020 at 4:51 amAm I require to open a savings account
Raphael Orji
December 30, 2020 at 8:03 amHello Emmanuel,
An agent account will be profiled for you
Dati
November 2, 2020 at 1:46 pmThanks 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
Raphael Orji
November 2, 2020 at 1:57 pmHello 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.
Akande Onoh Aloaye Philomena
June 25, 2021 at 12:29 pmI need POS machine please help me out here
Mercy
November 16, 2020 at 4:13 pmCan I continue to be an agent even when I relocate to another state
Raphael Orji
November 17, 2020 at 7:08 amHello Mercy,
You remain an agent irrespective of your destination.
Kindly visit the nearest branch when in need.
Kind regards.
Robert
November 20, 2020 at 7:24 amWhat’s are my benefits of been an agent
And how is the charges formulae in Access bank?
Raphael Orji
November 20, 2020 at 7:32 amHello 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?
Peace uko akpan
December 4, 2020 at 2:57 pmPlease 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
Raphael Orji
December 5, 2020 at 12:23 pmHello 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?
Friday Emmanuel
December 31, 2020 at 12:02 amPls…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?
Ifeanyichukwu ibiam Onu
January 5, 2021 at 3:24 pmPlease can I apply online, I have all the requirements
Prince
January 25, 2021 at 4:53 pmI 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
Prince
January 25, 2021 at 4:53 pmI 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
Chioma
March 25, 2021 at 5:49 pmGood 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
Raphael Orji
January 29, 2022 at 9:15 amHi Chioma,
Kindly visit the nearest Access bank branch in this case to get started with POS applicatio.
Akande Onoh Aloaye Philomena
June 25, 2021 at 12:33 pmI need POS machine please help me out here
Anthony Zibiri
January 12, 2022 at 7:59 amPls, is the 50k part of the money I will withdraw to pay my costumes. Or the money will remain in my account while I use other money to pay my customers.
Raphael Orji
January 29, 2022 at 9:18 amHi Anthony,
The N50k is part of your working capital, it’s your money.
ALBERT MARCUS
April 8, 2022 at 9:58 pmHello good evening,I am ALBERT MARCUS how can I register as an agent in access bank and when will I get POS machine
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