Who Is A Bank Agent?
A banking agent is a retail or postal outlet contracted by a financial institution or a mobile network operator to process clients’ transactions.
How To Become A Stanbic Bank Agent In Uganda?
Visit the Stanbic Bank branch nearest to your business location.
Respond to questions from the Branch Manager as regards aspects of your business laid out in the Agent Banking minimum standards checklist.
Fill the Stanbic Bank Agent Application form and attached the required business Documentation.
Is Stanbic Bank Agent Banking Profitable In Uganda?
Profits are high with 40 percent of agents making at least UGX 377643.20 of profits a month. Although agents are generally happy with their financial gains, data shows they could be earning significantly higher profits.
How Can I Become Stanbic Bank Agent In Uganda?
Your certificate of good conduct.
KRA pin certificate.
Bank statements if you do not have an account with the bank.
Business permits for the last 12 months.
Current business permit.
Certificate of registration.
Copy of your identity card.
Two passport size photographs.
How Do Stanbic Bank Agent Make Money In Uganda?
Your income in the agency business will be derived solely from commissions on transactions processed through your outlet by bank customers. The commission is shared between you and the bank as defined in your revenue share agreement.
What Are The Challenges Of Stanbic Bank Agent In Uganda?
These challenges include but are not limited to fraud, personal security of agents arising from robberies that endanger their lives, lack of support from network operators, theft and poor connectivity.
How Does Stanbic Banking Agency Work In Uganda?
Agents are selected and appraised by the Stanbic Bank and then approved by Bank of Uganda. Upon approval, the Bank signs contracts with the agents, train them and brand their premises prior to carrying transactions.
Can I Withdraw Money From A Stanbic Agent In Uganda?
The Stanbic new agent banking solution will allow customers to send money to any beneficiary with a registered telephone number, who can withdraw it at any of 2,700 agent outlets across the country.
How Does Stanbic Instant Money Work In Uganda?
You can send instant money using mobile banking or online banking. The recipient will receive a 13-digit voucher number and you (the sender) will receive a pin number which you will share with the recipient so that he can redeem the funds. Using Mobile banking: Dial *290#