How to Apply for Bankly POS
Posted in: POS Guides

How to Apply for Bankly POS: Become an Agent

Do you want to get the Bankly POS machine but don’t know how to go about it? There is no cause for alarm; we have got you covered.

Applying for and getting the Bankly POS machine is straightforward and simple. You can apply for it from your comfort zone and it will be delivered to you within 7 days.

However, it is important to note that Bankly doesn’t sell their POS machine; they only rent it to interested individuals while they pay ₦25,000 as a cautionary fee. So, you can only rent the machine and Bankly reserves the right to retrieve their terminal from you when you go contrary to their terms, especially if you fail to meet their daily transaction target.

As with other POS brands, Bankly POS terminal can be used to perform different transactions, such as bill payment, cash withdrawals, cable subscriptions, etc. Amazingly, their agents earn a certain commission when they use the machine for cable subscriptions and bill payments, among others. However, whenever a Bankly POS agent uses the machine for withdrawals and deposits, it will attract charges.

Read also: How to get PayForce POS machine

Why Bankly POS 

How to Apply for Bankly POS

Some of the reasons why you may opt for the Bankly POS machine are enumerated below:

  • The POS machine can be used for cash withdrawals and fund transfers
  • It can also be used for bill payments, cable subscriptions, airtime, or data top-ups.
  • Agents earn a certain commission when they use the terminal to perform some transactions. 
  • Bankly give their POS agents free branded items, such as pen, terminal point tables, umbrellas, t-shirts, face cap, etc. 


To apply for a Bankly POS machine, applicants are required to meet the following requirements:

  • Must be at least 18 years old.
  • Have valid means of identification such as NIN, voter’s card, or an international passport
  • Active bank account number
  • An active phone number
  • Bank Verification Number (BVN)
  • Recent utility bill receipt.

How to Get Bankly POS Machine

If you meet the criteria listed above, you can proceed to apply for the Bankly POS machine. Interestingly, applying for the POS terminal is quite simple and hassle-free. Follow the simple steps below to apply: 

  • Create an account on the Bankly website; you can skip it if you already have one.
  • Sign in to your Bankly agent account via your mobile app.
  • Go to your dashboard
  • Click on the ‘’POS’’ tab and tap on the ‘’Request POS’’ option
  • Acknowledge the Bankly POS terms and conditions.
  • Go to the ‘’Daily POS Transaction Trgets’’ tab
  • Now, validate and authenticate your POS request by choosing the exact number of POS terminals you want.
  • Provide all the relevant additional information 
  • At this point, you will need to pay the needed POS price to finalize the process.


Once you complete the above procedures correctly and pay the needed fees, the POS terminal will be delivered to you within seven days. 

Bankly POS Price

Bankly doesn’t sell its POS terminal. They only charge a cautionary fee. This means that you can’t pay for the POS machine outright. 

Bankly charges a cautionary fee of ₦25,000. As we noted earlier, this is not a purchasing fee. So, Bankly can retrieve their terminal whenever you go against their terms and conditions, especially when you consistently fail to meet the daily target over a period of time. 

However, agents will be refunded the sum of ₦10,000 whenever they return the POS terminal in good condition. This means that whenever you are no longer comfortable using the POS machine, you can return it to Bankly and get a refund of ₦10,000. 

Bankly POS Daily Target

The daily target of the Bankly POS terminal is 30 transactions. This means that if you perform 30 different financial transactions daily, irrespective of the amount, you have met the Bankly POS target.

However, if you fail to meet the daily target consecutively, Bankly may have no other alternative than to relieve you of their terminal. Hence, it is important for you to strive to transact with the terminal frequently. It is important to note that the more transactions you perform with the terminal, the higher your profit. 

Bankly WhatsApp Number

If you want to chat with Bankly POS staff on WhatsApp, you can do that through this number 

08186137808 or 0812 330 2317. 

However, whenever chatting with them, it is important to keep your chats simple and concise to enable you to get a swift response. Be cordial and avoid using abusive words.

Bankly POS Customer Care Line

If you want to contact the Bankly POS customer care unit, you can do that by reaching out to their customer care representative through this number: 0812 330 2317 or 08186137808 

Alternatively, if you reside within Lagos and its environs, you can visit their office, which is located at Cluster B10, Flat 109, 1004 Federal Housing Estate Victoria Island, Lagos, Nigeria.

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