Access Bank POS Charges
Posted in: POS Charges

Access Bank POS Charges: Withdrawals, Deposits, Transfers, etc. 

Access Bank’s POS is also called Access Closa. The POS machine can be used to perform a variety of transactions, such as cash withdrawals, fund transfers, bill payments, etc. They charge various fees when agents use the terminal to carry out financial transactions.

So, as an agent who wants to get a POS terminal from Access Bank, it is best to know their charges to enable you to compare it with other brands to know if it is okay for you or not. 

They charge different fees when you use their POS terminals to carry out transactions like fund transfers, cash withdrawals, and deposits, among others. While they have flat charges for some transactions, charges for other transactions may vary depending on the amount transacted. 

Recommended: Bankly POS charges

Does Access Bank’s POS charge fees?

Access Bank POS Charges

Yes, Access Bank charges different fees when you use their POS terminal to perform different transactions. So, when you use the terminal to make cash withdrawals or transfer funds, you will be charged a certain fee.

Access Bank POS Charges

When you make withdrawals, transfer funds, or deposit money in the Access Bank with their POS terminal, you will be charged fees for that. In the subsequent sections, we shall be discussing different Access Bank POS charges. Stay tuned!

Access Bank POS Withdrawal Charges

When you use the Access Bank POS machine to withdraw cash, you will be charged a 0.5% fee for withdrawals that are equal to or less than ₦20,000.

However, the highest fee that you will be charged when you make withdrawals with the terminal is ₦100. So, if you withdraw any amount that is above ₦20,000, you will only be charged ₦100 fee irrespective of the amount.

The breakdown of Access Bank POS charges is illustrated below:

₦1,000 – ₦5

₦2,000 – ₦10

₦3,000 – ₦15

₦4,000 – ₦20

₦5,000 – ₦25

₦6,000 – ₦30

₦7,000 – ₦35

₦8,000 – ₦40

₦9,000 – ₦45

₦10,000 – ₦50

₦11,000 – ₦55

₦12,000 – ₦60

₦13,000 – ₦65

₦14,000 – ₦70

₦15,000 – ₦75

₦16,000 – ₦80

₦17,000 – ₦85

₦18,000 – ₦90

₦19,000 – ₦95

₦20,000 – ₦100

For ₦20,000 and above, they charge a flat rate of ₦100.

Access Bank POS Transfer Charges

For transfers from one Access Bank to another, they charge a ₦10 fee, irrespective of the amount transferred. However, for transfers from one Access account to another, they charge a flat rate of ₦15. 

Access Bank POS Cable Subscription Charges

Whenever an agent uses the Access Bank POS machine for cable subscriptions, they will be charged a flat rate of 2% of the subscription amount. So, they charge a flat rate of 2% whenever you use the terminal for a cable subscription, irrespective of the cable type.

Access Bank POS Deposit Charges

Once an Access Bank account holder deposits money through the POS terminal, a ₦10 fee will be charged for such a transaction, irrespective of the amount deposited. It is pertinent to note that only customers who have an Access Bank account can deposit to their account with the POS machine. So, if you don’t have an account with them, you won’t be able to use the terminal to deposit funds.  

Conclusion

With Access Closa, agents can perform different transactions like cash deposits and withdrawals, fund transfers, and cable subscriptions, among others. However, these transactions, when done with the terminal, attract a certain fee, depending on the kind of transaction and the amount transacted. So, we strongly recommend that you understand their charges before opting for their terminals to enable you to maximize them optimally.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top