Want to become a standard chartered bank agent? We’ll share how you can achieve this as the article progresses.
Agent banking has made banking easier and brought services much closer. Standard Chartered Bank customers can do most of their banking in their neighborhoods.
All that is required is to look for an authorized standard chartered bank agent or any bank agent with a handshake logo, then you can transact on your terms.
Benefits of Standard Chartered Bank Agent banking
- Customers enjoy free deposits as long as they have account numbers with standard chartered banks.
- Cash deposits and withdrawals are secure when conducted through an authorized standard chartered bank agent.
- Transactions can be done on Sundays and Public holidays
- You get a receipt for every transaction.
- Cash deposit limits are as follows; individual banking clients can deposit up to UGX 30m, business banking clients can deposit up to UGX 50m, and Corporate Companies can deposit up to UGX 125m.
How can one become a standard chartered bank agent?
Requirements:
- You must have an operating account with the standard chartered bank.
- Have a Good Credit reference Bureau report.
- You should be able to provide a respectable physical address, a licensed business that has been operating for at least a year, and suitable and secure premises.
- Any registered and licensed business, such as a grocery store, gas station, permanent mobile money agent, retail store, pharmacy, or hardware shop that has been open for at least a year, is eligible to be an agent.
- The business can fall under any of the following categories; Registered Sole proprietors, Registered Partnerships, Limited liability companies, Cooperative Societies, or Microfinance Institutions.
- The branch manager will quiz you about your company to make sure it complies with the minimum requirements. After that, you will complete a bank agent application form and attach business-related papers to it.
- After submitting your application, you must wait for approval from a standard chartered bank.
To learn more about the requirements to become an Agent, contact any Standard Chartered branch and you’ll be guided.
Conclusion
As long as you own a licensed business, and meet the required standards, you can apply with the standard chartered bank to become a bank agent.
Please take note that they’re maybe additional requirements that we may not have listed in this article. We recommend visiting your favorite Standard Chartered Branch for more information regarding agent banking.
