Comprehensive Guide on How to Become Access CLOSA Agent Banking
Access CLOSA Agent Banking is a platform through which Access Bank is bringing banking services to the doorsteps of Nigerian populace irrespective of where they are.
Of course, Access bank is not the only bank that is into agency banking, there are other banks such as First Bank, Polaris Bank, Ecobank, and UBA which call their Agent Banking Firstmonie, SurePadi, Ecobank Xpress Point, and UBA Moni respectively.
According to the Managing Director of the bank, the motivation behind Access CLOSA agent banking is to boost financial inclusion drive among the unbanked and under-bank sector of the population across the country. With Access CLOSA agent banking, customers may not need to visit the main bank branches before they can perform their banking transactions. In order to achieve this, the bank is commissioning Access CLOSA outlets in selected cities across the country. The outlets are usually located between 3km and 20 km away from the nearest existing Access bank branch.
Do you want to know more about Access Bank before you apply to become Access CLOSA agent? Access Bank was issued a banking license late 1988 and was incorporated in 1989 as a private limited liability company. In the same year, the bank started banking operations at Burma Road, Apapa. In 1998, the bank was listed on the Nigerian Stock Exchange thereby becoming a Public Limited Liability Company.
Access bank is one of the fastest growing bank in Nigeria. It is reputed for its consistency in seeking for ways to expand its operations across Nigeria and other African countries. Access bank has more than 600 branches and service outlets across major cities in Nigeria. The bank has presence in other African countries such as Democratic of Congo, Gambia, Rwanda, Sierra Leone, and Rwanda. The bank also operates in the United Kingdom with representation in China, India, Lebanon and the United Arab Emirates. Today, the bank boast itself as the largest bank in Nigeria and Africa’s leading bank by customer base. With about 36 million customers, I hope you can now see reason why people like to become an Access CLOSA agent.
Functions of Access CLOSA Agent Banking
Account Opening: If you know of anybody in your street that wants to open a bank account, such person can actually open the account through you. The benefits of opening a bank account through Access CLOSA agent banking is that, agents help the bank in achieving Know Your Customer (KYC) mandate from the Central Bank of Nigeria. Since the person lives in your community, you are sure of the person that is opening the account.
Cash Deposit: People use more of Agent banking nowadays to deposit money into their account. The most important thing is the assurance that the money actually enter their bank account. Customers usually get alerts for their deposits. Even, if there is no alert, may be as a result of network issue, agents are well known within community where they operate. So, customers are confident that their monies are safe.
Cash Withdrawal: Even though the economy is tending towards cashless, we still need cash to carry out some transactions. Access CLOSA agent banking is a quick point of call to withdraw money when people are out of cash. At time, people may want to pay through their card but the vendor’s POS may not function for one reason or the others. In such a situation, services of Access CLOSA agent banking may be required. Even, with the Access CLOSA agent banking, withdrawals outside normal bunking hours is possible. No third party withdrawals.
Funds Transfer: The same way customers can withdraw from their account through Access CLOSA agent banking, they can also make transfer as well either between two Access bank accounts or across other banks.
Bills Payment: Customers can pay their bills such as PHCN bills, LAWMA Bills, GoTV, DSTV, and Startimes.
Airtime Recharge: As long as a customer has money in his account, he will be able to recharge his phone through you as an agent.
BVN Enrolment: You can as well register for Bank Verification Number (BVN) so that customers can enrol for BVN at your outlet without visiting the bank.
Benefits of Access CLOSA agent banking
You may want to know the benefits you will enjoy as an Access CLOSA agent. Below are some of the benefits you tend to enjoy:
Extra Income: Becoming Access CLOSA agent banking serves as an opportunity to earn extra income. If not for anything, you can use the extra income to offset your utility bills and much more like helping you to offset your rent
Increased Sales: Apart from the extra income you will be making from the agent banking services, it also draft more traffic to your store. The fact that you are having more people coming to your outlet, there is tendency for some of these people to buy other things that you sell. This will definitely increase your sales
Instant Payment Confirmation: All the transactions you carry out are real time. Customers also gets alerts and a receipt for their deposits or withdrawals.
Improved Status: Working as Access CLOSA agent banking Agent banking improves your credibility. The more people do businesses with you, the more you can their trust and confidence. This can even make them to recommend you for other engagements.
Added Value: What a joy to know that you are adding value to your customers. So the benefits go beyond financial gains
Advantages of Access CLOSA agent banking to customers
Access CLOSA agent banking is also advantageous to customers in the following ways:
Security: Transactions via agent banking are PIN protected. Also, you may not need to carry cash in a long distance now neither do you need to store cash at home. There is an assurance that you can always get the cash when needed from agent bankers.
Accessibility: It gives customers access to funds anytime even outside the regular banking hours like weekends and public holidays.
No Queues: Customers no longer face long queues. Long queue usually discourage people from visiting banks. With agent banking, customers can complete their transactions within few minutes.
It accepts all banks: Just like ATMs, the system accept cards from Access bank and other banks.
It Saves Costs: Customers don’t need to pay much to get to the bank before they can carry out their banking transactions.
Requirements for Becoming Access CLOSA agent banking
If you want to become Access CLOSA agent banking, you will need to visit any of the Access bank office. Request for Agent Banking Form from the Customer Service Unit. They will also give you necessary information you might need. Nevertheless, basic requirement for agent banking include the following:
- An account with Access Bank
- A visible location easily accessible.
- A minimum working capital of N50,000
- Valid means of identification such as International passport, National ID card, Driver’s license or Voter’s card.
- Biometric Verification Number (BVN)
- You can be a Limited Liability Companies, Sole Proprietorships, Cooperative Societies, and Unregistered SMEs.
Entities Exempted from Becoming Access CLOSA agent banking
The entities that are exempted from becoming Access CLOSA agent banking include the following:
- Non-Governmental Organizations (NGOs)
- Faith Based Institutions
- Access Bank Staff and Associates
- Bureau De Change (BDCs)
- Not for Profit Organizations
Success Key: The main success key is for you to locate your outlet where there is a lot of human traffics or where they carry out a lot of cash transactions. Security of your outlet is also very important.
Access Bank Near Me
If you are searching for nearest Access Bank, you can use the map below.