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Payments and Collections
Payment Solutions
Access Bank Payment solutions have been developed to help its customers manage their payment process(es) with greater efficiency. Using technology and branch network, it delivers payments promptly to locations customers specify in order to increase the effectiveness of their operations. Using Access Bank Payment Solutions, customers can make payments for: goods & services, insurance premiums,  employees salary, vendors/ suppliers’ payments,  scholarship disbursement, pension payments, offsite payments, franchise payments (viz: Western Union,  AccessDirect, MoneyGram)  as well as  offsite payments and taxes for our local correspondent banking relationships.

Access Standing Instruction
This product enables customers who need to make repeated payments of a specified amount at predetermined frequency (quarterly, monthly, weekly, daily) to specified beneficiaries. Access Bank takes over the processing of these payments for the customer.

Salary/Vendor Payment
This product allows Access Bank customers to effect salary payments to their staff with ease and also make payments to vendors at any location/ bank in Nigeria. Mpower salary payment upload is a centralized function within the bank, handled by the Payments and Collections Operations team.

Pension Disbursement
This service is available to organizations that require pension be disbursed to their retirees at any of our branch offices or a location.

Features
  • Simplicity of structure
  • Ease of processing
  • Timely and Accurate Information - Reconciliation
  • Integration with their internal systems
  • Security
  • Reliability
  • After sales service
  • Competitive pricing
Local Correspondent Banking Relationship
This service is developed to assist other Banks with limited branch networks and customer reach render payment and collections services. Access Bank therefore leverages on own branch network to deliver the following services for banks we maintain local correspondent banking relationship with:
  • Branch collections
  • Disbursement Services
  • Other Bank’s managers cheques payable at Access Bank
  • Local currency funds transfer
  • Other Payments and Collections Operations solutions as may be required from time-to-time
Western Union Money Transfer
Western Union Money Transfer is a fast, reliable, and convenient way to send and receive money. In Nigeria, Western Union operates in a receive-only market. Access Bank is one of the 14 banks that offer Western Union Services in Nigeria, and is a direct agent of Western Union.

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