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Banking basics

What you can actually do at an agent

Cash in, cash out, open an account, reset a PIN. You do not need a smartphone to be a customer of this bank.

Ibrahim Danjuma1 min read

An agent is a shop owner in your area who is registered with us, carries a terminal, and handles cash on our behalf. There are about 1,900 of them across 28 states.

What an agent can do

  • Take cash in and credit your account immediately.
  • Pay cash out against your account, up to ₦100,000 a day.
  • Open a tier 1 account for somebody with no smartphone.
  • Start a PIN reset, which you complete with a code we send you.
  • Print a mini-statement.

What an agent cannot do

  • Ask for your PIN. Ever, for any reason. You type it yourself on the terminal.
  • Charge you more than the published fee. Cash out is ₦100 flat under ₦20,000.
  • Approve a loan.

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