Access Bank POS Charges Latest Rates in 2023

Access Bank POS Charges 2023 — Latest Rates

Access Bank POS is also known as Access Closa. It is an offshoot or subsidiary of the commercial bank, which is its parent body. It provides a platform that allows individuals and businesses to easily carry out transactions such as withdrawals, deposits, transfers, payment of bills, and airtime purchases.

Are you interested in learning about Access Closa Agent? Their charges and how to access their terminals? Welcome! This article will reveal all of that and more. 

About Access Bank POS Machine & Charges

Access Closa POS machines can be accessed with a sum between  N20,000 naira and N30,000 naira.

In order to become an Access Closa Agent, there are certain requirements you must meet. 

  • You must own a business location that is visible and accessible enough.
  • Valid identification ( Voters card, National ID, international passport or driving license), 
  • Recent utility bill
  • Proof of registration with CAC for corporate businesses.

Also, you must have at least, a minimum working capital of N50,000 naira to commence business as an Access Closa agent.

One unique attribute is that every Access Bank POS outlet is branded with the Access Bank signage and their locations are confirmed through the Access Bank’s websites.

Access Bank POS Withdrawal Charges

Access Bank POS charges a cost of 0.5% of the principal amount to be withdrawn with a maximum charge on withdrawal transactions capped at N100 naira.

Access Bank POS Transaction Charges

Access Closa charges a flat rate of N10 naira for transfers made between one Access account and another. For all interbank transfers, it charges a sum of N15 naira only. Aside from transfers, Access Closa also charges 2% for cable subscriptions.

Access Bank POS Deposit Charges

Access Closa (Access Bank POS) charges a flat rate of N10 naira for all deposit transactions made through its terminals. This applies irrespective of the amount a customer desires to deposit.

Quick Comparison Table: Top POS Machine Charges

WithdrawalsDepositsTransfersSubscriptions
Access Bank0.5%N10 nairaN10 naira2%
Opay0.5%N10 nairaN10 naira 2%
Palmpay0.5%N10 nairaN10 naira2%
Moniepoint0.5%N20 nairaN20 naira2%

Conclusion

Access Bank POS is also known as Access Closa. It is an offshoot of the commercial bank, Access Bank. It was designed to reduce the number of persons who struggle to access regular bank transactions and has provided a platform that allows for withdrawals, deposits, transfers, payment of bills, and airtime purchases.

Read also: The Complete List of POS Charges In Nigeria

FAQs on Access Bank POS Machine & Charges

How much is Access Bank POS price?

The current Access Bank POS machine costs between the range of N20,000 naira and N30,000 naira only.

Is Access Bank and Access Closa the same thing?

Access Closa is a subsidiary of the commercial bank, Access Bank. This is why it is often referred to as the Access Bank POS. Therefore, while Access Closa is the subsidiary, Access Bank is its parent body.

What do I need to become an Access Bank POS agent?

To become an Access Bank POS agent, you must have a valid ID, utility bill, registration documents for corporate businesses, and a visible location for business. Also, you must have at least a minimum of N50,000 naira as capital. Once your application is approved, you can operate an Access Bank POS machine.


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