FCMB agent banking – In this modern time, innovation is the very soul of service and service they said is the driver of business.

FCMB, driven by all these has taken banking to the streets for the very busy persons, the aged and the unbanked to enjoy the beauties of banking once more.

This they achieved through the street banking which is also an agency banking known as FCMB agent banking.

FCMB agent banking
FCMB POS Agent

In this course, our major outlines, as listed below, are:

  1. What is FCMB Agent banking?
  2. What is FCMB pos agent / FCMB agent / FCMB mobile money agent?
  3. How can one become FCMB banking agent or FCMB pos agent?
  4. How can I become FCMB money agent?
  5. FCMB agent requirements
  6. FCMB agent banking commission
  7. FCMB POS banking transactions
  8. Conclusions

What is FCMB Agent banking?

This is FCMB banking outside the bank or better addressed as FCMB Street banking in which banking is taken to the very busy persons, the aged and the unbanked to enjoy the beauties of banking once more through a 3rd party FCMB representative called an Agent.

Through this both customers and none customers of FCMB fulfil their financial needs which includes:

  1. Cash deposit
  2. Cash withdrawal
  3. Fund transfers
  4. Account opening
  5. Airtime recharge
  6. Bill payment
  7. ATM Card Issuance
  8. …and any other transaction the bank may deem necessary.

To fulfill this, the agent has to work with the POS or with the downloaded FCMB App

What is FCMB pos agent / FCMB agent / FCMB mobile money agent?

This is the 3rd party person also known and addressed as the agent whose job is to render these FCMB street banking to the very busy persons, the aged and the unbanked bearing in mind the core values of FCMB while doing this.

This is necessary because all though this is a business outside FCMB, the services rendered are FCMB services and as such, it must bear FCMB DNA.

This is where the core value, mission statement and vision of FCMB come in.

How can one become FCMB banking agent or FCMB pos agent?

This is very simple.

  1. Please visit any FCMB branches nation wide
  2. Declare you intentions to be FCMB agent
  3. Meet up with their requirements
  4. Hurray! You just made it as FCMB money agent.

Now this answers the question of how can I become FCMB money agent?

Before we wrap up this stage, please remember that the branch you opened you account is your domicile branch.

Although you can do your business in any of the FCMB branches nationwide, it is advised to open your POS agent account in FCMB bank closer to your agent shop.

This helps in late cash deposit in the bank as an agent, it helps in some urgent banking services you require as an agent and it helps in securing some level of preferential treatment in a time of difficulty.

FCMB agent banking requirements

The following forms the basic requirements for one to become FCMB money agent.

  1. Fill a form
  2. Submit passports
  3. Submit a valid means of Identification which includes either driver’s license, voter’s card, international passport or National ID card.  
  4. You must submit a utility bill that is not more than 3 months old
  5. This is for agent operational account opening.
  6. You must not have a known criminal record.
  7. You have to make available working fund of at least N50,000.00
  8. You must be ready to live the FCMB service culture

FCMB agent banking commission

There is commission attached to this really. This commission forms part of your cumulative earnings:

  1. There is a commission of between N70.00 to N100.00 per transaction
  2. Customers are charged some service charge by the customer per transaction which is at agent’s discretion. Some charge N100.00 flat fee.
  3. This means that an agent can make between N200.00 to N170.00 per transaction.

When there is turnover, the commission multiplies.

If an agent attends to 100 persons per day based on the above calculations, the agent will be making about N20,000.00 to N17,000.00 gain per day.

FCMB agent banking transactions:

Please find below transactions you can do with under this agent banking:

  1. Cash deposit
  2. Cash withdrawal
  3. Fund transfers
  4. Account opening
  5. Airtime recharge
  6. Bill payment
  7. ATM Card Issuance
  8. …and any other transaction the bank may deem necessary.
FCMB agent banking

Conclusion:

Can you now see that banking is not a privileged service for the rich any more.

The poor, the lowly and the persons without banking experience can now experience this wonders.

Why not try it out today and see the benefits.

You can also read: FCMB Mobile App

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