Requirements for getting a POS machine from First Bank

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How can I get my FirstBank POS?

To get a POS machine from first bank, all you need to do is to contact your account officer or visit any first bank branch close to you and request to meet the account officer in charge of giving POS. They are usually very welcoming and willing to always get you a POS anytime. 

Below are some things they might request from you. And dont worry if you cant provide or or two of the listed items below, they can help you find a way around it 

Here are the things you will need to get a Point of sale (POS) machine from any First Bank branch in Nigeria

  1. 2 passport photographs
  2. Utility bill
  3. CAC certificate of company registration or letter form a trade union (printed on a letter head) or 2 current account holder (as guarantors)
  4. A current account (which will be created for you instantly by the account officer)
  5. Monthly turnover of about N1million and above
  6. A viable business location (preferably close to any commercial centre like school, market, post office, church or mosque)

How much does first bank charge on POS?

Below is the pricing structure for first bank POS as updated in 2021 

first bank POS charges
first bank POS charges

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100 thoughts on “Requirements for getting a POS machine from First Bank”

  1. Pearly Brocious

    Aw, this was a really nice post. In concept I wish to put in writing like this additionally – taking time and actual effort to make a very good article… however what can I say… I procrastinate alot and not at all appear to get one thing done.

    Reply
  2. Bukola Oyewunmi

    good day. I want to know if I can start pos business without having such amount stated? because I am a fresh graduate student . thank you

    Reply
  4. Miguel

    Good morning dear pls the monthly turn over of 1 million does it mean if I don’t have 1 million I can’t own a pos machine from the bank or can’t start the pos machine business ?

    Reply
    1. Tope1

      No you dont have to have the entire 1 million in your account. What that means is that you need to have done transactions worth N1million or more in a single month

      Reply
      1. Tope1

        Yes, you can. You don’t need to register your business. You can just use any name you want without registering with CAC or any trade centre

        Reply
  20. Etim Okon Onobo

    I need POS from your bank. Am a current account holder with the name MARK-PR ADVERTISING MGT CONSULT 2019249915. I need waiver in having turnover that is over N1,000,000 Please

    Reply
  27. Iliyasu

    I am very much interested on the POS business but I don’t have money to start the business.
    Pls where can I get loan to enable me to start up this lucrative business.

    Reply
  30. Osiobe Gift

    I will love to go into the business but that that monthly turnover of 1 million will be my stress for now, pls I there any way u can help get the pos machine?

    Reply
  33. Afolabi

    It been 2weeks now that I request for POS and have paid money into the account number given to me but I don’t have any access to the account.why,at least if POS is not ready I should be able to use phone to do somethings or withdraw.

    Reply
  35. Augustine

    IAM and agent I registered since December but am only using the app. I have meet all the requirements but am yet to receive my pos machine. This is a big challenge to me because not all costumer like to use app and also I can’t withdrawal from other Banks since I v no POS machine

    Reply
  47. Yusuf

    I’ve been struggling to get the Pos machine.Is there any way you can help? I have a very good location for it usage.

    Reply
  51. Ajayi Hannah Ifedayo

    Please I have been processing my pos since June and I have completed all the required needs and I have been expecting my ID no on my Gmail to start up but the headquarter never send anything to me please I need your help

    Reply
  70. Godwin Samson

    Good day please.
    Can one be a POS agent to more than one bank? This is because, when one bank service network fluctuates, one can switch to using another bank service network instead of loosing the transaction at that moment. Thank you

    Reply
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  85. Aisha Adamu Yusuf

    I really need this POS am doing it for my brother but he doesn’t appreciate so I am seriously in need of mine because I have a lot of customers and am in the secretariat nassarawa local government Kano

    Reply
  87. Abdullahi Habeebullahi Yusuf

    Good afternoon sir. Please I want to start this pos business and I am ungentle innedded of your help to Start the business. Am jobless and i just landed in island

    Reply

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