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Tip of the day: Agency banking

I learned that some banks have long started agency banking in line with the cashless policy of the CBN.
Earn some extra income for yourself by taking advantage of the available opportunities.

For instance, agents are springing up in rural and other areas with limited number of ATMs. They simply get a POS from the bank, then debit customers’ cards and give them cash after deducting a commission. For example, you can pay N100/N200 less for every N10,000.

CAUTION!!! Ensure you transact this business in a safe and secure location as cash is involved.


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