How To Become A First Bank POS Agent 2022

How To Become A First Bank POS Agent In Nigeria

This post will teach you How To Become A In Nigeria and the process on how to get first Bank pos.

You may already be running a business but want to add a side business on the same property to make running both businesses easier.

Then we recommend the business, and today’s guide will show you how to get started as a FirstBank POS agent. As a result, we recommend that you read this guide all the way to the end to ensure that you understand everything.

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Creating a system that allows you to earn multiple incomes is one of the most effective ways to achieve financial independence.

So don’t limit yourself to a single business with a single source of income. That’s why FirstBank has set aside funds to provide POS terminals to business owners who apply to become agents.

Aside from the financial advantages of being a POS agent, there are numerous other advantages.
Many Nigerians will benefit from the FirstBank POS agent business, but business owners must accept the POS agent business in order to help reduce the country’s unemployment rate.
So, if you’re ready to learn everything you need to know about the FirstBank POS merchant business, let’s get started.

What Is FirstBank POS Agent Business?

FirstBank Nigeria POS is a process of banking that enables customers in Nigeria’s unbanked and underbanked areas to process financial requests and conduct transactions close to their homes.

To operate a legal FirstBank POS merchant business in Nigeria, the POS agent must be registered with FirstBank. How To Become A First Bank POS Agent In Nigeria

What Are The Services Available At A FirstBank POS Agent in Nigeria

Some of the services provided by a FirstBank Point of Sale terminal agent are listed below:

1. Open a FirstBank Nigeria account

2. Deposit money into your bank account

3. Withdraw money from any bank of your choice

4. Transfer money to any bank in Nigeria

5. Pay bills

6. Purchase airtime


7. BVN enrolment

How Much Does It Cost To Become A First Bank POS Agent?

After meeting the requirements to operate the business, many Nigerian banks will charge you for a POS terminal. Setting up a Point of Sale agent business with FirstBank Nigeria, on the other hand, costs N0.00.

If you meet the requirements, the financial institution will provide you with a free POS terminal for your business, which is incredible and rare in Nigeria.

What are the Requirements To Become A FirstBank Point Of Sale Agent

To become a POS agent, you must meet the following requirements:

1.  You have an existing business or  You must have a starting capital of at least N50k.

2. A business location that is visible and accessible

3. A valid means of identification card (voter’s card, national ID card, driver’s license, international passport)

4. Biometric Verification Number (BVN)

5. Utility bill ( 1-3 months )

6. Corporate organisation must have their business registration documents ( C.A.C Registration Number)

Benefits of First Bank Pos Agent

To the Customer

  • Saves customer travel and queue time (relative to alternatives such as the Branch and ATM point).
  • Provides the target market access to custom/ relevant products that fit their needs.
  • Provides quick access to “Human ATMs” which can serve all customer types – banked (customers of any bank) and unbanked.

The Agent

  • Additional revenue from commissions earned per transaction processed.
  • Improves Agent trust and credibility in their respective communities.
  • Expansion of existing service offerings
  • Increased demand for existing services/business offerings.

The Nation

  • Tool for financial inclusion and literacy
  • Reduction in the rate of poverty and unemployment.
  • Channel for the deployment of National Social Intervention Programmes.
  • Platform for partnership with international organizations to drive humanitarian programmes.

How Do I Become A First Bank POS Agent

The Following are the step by step guide on how to become a FirstBank POS agent in Nigeria:

1. To apply for first bank pos, Visit the FirstMonie agent banking website by clicking on this link

2. A new page will open containing a FirstMonie agent onboarding form

3. You have to fill the details of the form with accurate information. No fake information.

4. Then tick the tick box to agree to the terms and conditions of the service

5. Finally, click on the “Send” button to send your request to FirstBank to become a Point of sale terminal agent.

Also Read : List of Bank Charges in Nigeria Approved by CBN Now

To fast track the process of your request to become a Point of sale agent, visit any FirstBank Nigeria branch nearest to you and submit your request.

Make sure you go to the premises with all the documents listed above so you’ll have a chance of becoming a POS agent.

in Nigeria

S/N Services

Deposit (FirstBank account only)

1 – 5,000 N50
>5,000 – 30,000 N100
>30,000 – 100,000 N150
>100,000 N200

Transfer to FirstBank account

1 – 30,000 N100
>30,000 – 100,000 N150
>100,000 N200
3 Transfer to Other Banks
1 – 20,000 N100
>20,000 – 100,000 N200
>100,000 N250

1 – 10,000 N100
>10,000 – 100,000 N200
>100,000 N300
5 Bill Payment N100 flat
6 Airtime Recharge Free
7 Account Opening Free
8 BVN Enrolment Free


What is POS. 

  • POS is Point of Sale Terminal

That is all of the information we can provide you on how to become a FirstBank POS agent at this time.

# In Nigeria written by Omajemite Don Emmanuel. You can contact him via [email protected]



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