NigCareers

Do you know that it is not difficult to become FCMB Agent Banking as some people think? What you need is access to the right information. Thereafter, you will need to meet their requirements.

The requirements for becoming FCMB Agent Banking are almost the same with that of Firstmonie by First Bank or SurePadi by Polaris bank. The reason for the similarities is that the agent banking is regulated by the Central Bank of Nigeria. So, the only main difference is just the platform. If you apply to become become FCMB Agent Banking, that means you will be operating under FCMB while Firstmonie agents operate under First Bank platform. So, the choice of which platform you want to operate is yours.

But why FCMB? FCMB Agent Banking actually began in 2014 while the solution was revamped in May 2017. That is to tell you that FCMB is not new in the system. As at February 2020, the number of FCMB Agent Banking has grown to 1,359 agents. The system is really cost effective which provides financial access to the unbanked and under-banked people across the country. We understand that banks cannot be everywhere. But it is easy to locate agent banking outlets in such locations where these unbanked and under-banked people live or transact.

So, if you want to become FCMB Agent Banking, this means that you are willing to provide some financial services to customers in your community on behalf of FCMB. For clarity, below are some of the functions that FCMB Agent Banking perform:

Functions of FCMB Agent Banking

• Account Opening: Customers that want to open a bank account with FCMB don’t necessarily need to visit any of the bank’s branches. They can have the new account opened at any FCMB Agent Banking outlets.
• Instant Card Issuance: Customers can get their debit card from the outlet closest to them.
• Cash Deposit: There are some market women who transact all through the day that they may not even have time to visit the bank to lodge their revenue. Instead of carrying the huge cash home, they can easily take the cash to a FCMB Agent Banking outlet to deposit the money.
• Cash Withdrawal: If you are an agent, customers can withdraw from their accounts through you regardless of the bank where their account is domiciled. You can imagine somebody that want to withdraw just N2,000 going to the bank to join a long queue.
• Funds Transfer: This implies that customers can transfer from their bank account into another account whether with FCMB or interbank transfer.
• 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.
• Bills Payment: Customers can pay their bills such as PHCN, DSTV, GOTV etc
• BVN Enrolment: BVN Enrolment is now mandatory. This can make the banking hall to be too congested. With the agent banking, customers may not need to visit a bank before they can be enrolled. However, it is not all agents that are BVN enabled. Customers may need to check online first for BVN enabled agent bankers.
• PIN Change: If a customer feels that hos PIN has been compromised, such person can quickly visit an agent to change his PIN so as to secure his account.

Benefits of FCMB Agent Banking

You may want to know the benefits you will enjoy as an FCMB Agent Banker. Below are some of the benefits:

• Increased Sales: You will have many people visiting your stores. With more traffics coming to you, more people will get to know about what you sell. Some of them may end up buying from you. This will automatically increase your sales. The fact that they necessarily need to pay cash gives you an edge over others.
• Extra Income: You are not rendering banking services for free. You will enjoy certain commissions on the transactions customers carry out from your outlet.
• Instant Payment Confirmation: You are sure of all the transactions as they are instant. So, there is no fear of losing your money to somebody who may want to withdraw when he is not having money in his account.
• Added Value: You will be adding value to your customers. Besides the monetary gains you will enjoy, this makes you more fulfilled.
• Improved Status: Anybody who can be trusted with money tend to enjoy respect from people.

Apart from the aforementioned benefits, there are certain benefits that customers will also enjoy and these include the following:

• Accessibility: Agents are closers to customers and more accessible. They don’t need to travel far before they can enjoy banking services. This saves them time and money.
• Convenient: The dread of a long queue is one of the things that discourage people from visiting banks. The agent banking makes things easy and convenient for people.
• Security: Customers don’t need to carry cash in a long distance now. They don’t even need to store cash at home with the assurance that they can always get the cash they need per time from agent bankers.
• It accepts all banks: It works like ATMs. Customers can withdraw from any agent banker regardless of your bank.

Requirements for Becoming FCMB Agent Banking

If you want to become FCMB Agent Banking, you will need to visit any of the Fist City Monument 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 FCMB
• A shop owned or rented by you.
• A minimum working capital
• Valid means of identification such as International passport, Driver’s license, National ID card 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 FCMB Agent Banking

These entities are exempted from becoming FCMB Agent Banking

• Non-Governmental Organizations (NGOs)
• Faith Based Institutions
• FCMB Staff and Associates
• Bureau De Change (BDCs)
• Not for Profit Organizations

FCMB Agent Banking near me

Are you searching for FCMB Agent Banking near me? You can use the map below to locate the nearest ones to your place.

Services