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How To Become FCMB Banking Agent | FCMB Agent Requirements

Do you want to know how you could become a First City Monument Bank (FCMB) Banking Agent and get an agent POS machine? Well, you are in the right article, where you will get all the information about the FCMB Mobile Banking Agent Registration.

FCMB agent banking has been in existence for the past six years now as at the time of this article. The bank has a total of 1359 banking agents across the nation as of 11th February 2020. First City Monument Bank (FCMB) agent banking is in partnership with the national financial inclusion strategy goal to reduce financial exclusion to 20% by the year 2020.

However, FCMB agent banking is a Finacial inclusion banking service that provides banking activities! to the unbanked and underbanked populace in their respective communities.

The major reason for this system is to bring financial banking activities very much closer to the rural populace and there reduce the financial banking exclusion to 20%.

See Also: How To Become A Zenith Bank Agent Banking – Zenith Agent Registration

As an FCMB banking agent, you will be rendering banking services and transactions to the people through your outlet. And by doing some, you will earn transaction income, percentage commission, and other benefits.

The Roles of an FCMB Banking Agent

Below is the list of services that you will be rendering to the unbanked and under-served customer in your environment.

  • Cash Withdrawal
  • PIN Change
  • Account Opening
  • Bills Payment
  • Instant Card Issuance
  • Cash Deposit
  • Funds Transfer
  • BVN Enrolment
  • Airtime Recharge

See also: Make Money As An Access Bank Agent Banking – Access CLOSA POS

FCMB Banking Agent Requirements

To become an FCMB banking agent, the are certain requirements that you must provide before you can be registered. The requirements include;

  • You must have a shop or an existing business.
  • You need start-up capital.
  • Must have a valid means of identification example National ID, Voters Card, Driver License, etc.
  • A prove of home address like Electricity bill or Water bill.
  • Must have an account with First City Monument Bank.
  • Have good communication skills and know-how to read and write.

Requirements for Getting A POS Machine

To get a Point of Sale (POS) machine there are requirements that you must meet up.

  1. First, you must have an account with the bank you want to get the POS from.
  2. Visit the bank branch and request the POS request form.
  3. Complete the form and sign off the service level agreement with the bank.
  4. The nature of your business determines the charges of the POS (wholesale 0.2%, hotels 1.25%, general merchants 0.75 %).
  5. Note that deployment and support are absolutely free.

Benefits of FCMB POS Terminals

Below are the benefits of FCMB POS Terminals;

  • Increased sales volume – Customer satisfaction.
  • Instant confirmation of payment via the CTMS platform.
  • Speed of check out as payments is authorized quickly.
  • Improved operational efficiency.
  • Opportunity to earn fee income from cashback service.
  • Easy cash evacuation at zero cost.
  • Transaction security and integrity are assured.
  • Promotes impulse purchase and payment by cardholders.
  • Reduces your exposure to loss due to robbery or pilferage by employees.
  • Eliminates fraud and makes accounting easier.
  • Accepts all variance of debit cards of all participating banks in Nigeria.
  • Prompt settlement of funds within T+1 for local cards and T+2 for international cards.

What FCMB POS Can Be Used For?

The FCMB POS can be used to perform a variety of basic banking & financial transactions, some of which include;

  1. Payment for goods and services purchases.
  2. Cash Back services.
  3. Pre-Authorization service.
  4. Card Not Present service.
  5. Air time recharge.
  6. Bill payment (PHCN, DSTV, etc).
  7. Payment Reversal option.
  8. End of the Day transaction report.
  9. Customizable for different schools, industries, a scheme that will capture transaction details as specified by the organization with online reporting features.

How To Become FCMB Banking Agent

To become an FCMB banking agent, kindly visit any FCMB branch in your locality and pick up an FCMB BANKING AGENT interest form from the customer service department. The customer service department will walk you through the process and provide you with all the necessary support to become an FCMB agent.

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