Correspondent BankingAccess Cash and Cheque Pick-Up
Access Bank offers Correspondent Banking services which include Collections and Disbursement services to Financial Institutions (FI) with limited branch networks. We leverage on our branch network and our robust technological infrastructure to deliver quality services to your customers in locations where you are not present. We will assist you to reach out to your customer the way you would do it if you were in such locations. Our Correspondent Banking Service offerings are as follows:
Correspondent Branch Collections
Allows your customers to walk into any branch of Access Bank to deposit cash /cheques/drafts into your collection account with Access Bank for further credit to their account with you. Access Bank will send you the details of such deposits on a next day basis (regardless of the location) to enable you effect the credit to your customers’ accounts at your end. Customized deposit slips are used for such deposits.
Access Bank also offers your customers who have high volume of receipts a convenient cash and cheque collections service. Access Bank representatives will visit your customers’ premises at agreed intervals to collect their cash and cheque receipts for transmission to your account with Access Bank for further credit to their accounts with you. If you receive a high volume of cash or cheque deposits daily, the burden, risk and cost of handling, storing and transporting such receipts to the bank can be over bearing for you. Access Cash and Cheque pick-up is the solution to your worries. Access Bank will handle the insurance of the cash while it is out of your premises. Our target customers are fuel stations, corporate bodies, Airlines, Embassies, grocery stores e.t.c.Disbursement Services
Our disbursement services offer enables your customers to effect payments and make transfer to beneficiaries in locations where Access Bank is present. Our on-line branch network is the platform for delivering these services. Manager’s Cheque Payable at Access Bank
Your customers’ payments can be effected by issuing your Manager’s cheques made payable at the counters of designated Access Bank branches. These Manager’s cheques can be encashed at any specified branch of Access Bank. They may also be presented through clearing as local clearing instruments.Local Currency Funds Transfer
Upon your instruction, we can effect local currency transfers on behalf of your customers to beneficiaries in any location where Access Bank is present. This service gives your customers the benefit of quick and efficient transfer of funds to beneficiaries all over the country. CBN Clearing Services
We offer CBN Clearing services to Financial Institutions who are not members of the Nigeria Clearing House. Access Bank assists you to clear other bank cheques deposited by your customers at the CBN Clearing houses. You simply deposit these cheques into your operating account with Access Bank and value is transferred to you once the cheques clear. Cash Management Account Service
This service is directed at Financial Institutions who are not members of the Nigeria Clearing House and as such have cheques payable only at their counters i.e. their cheques cannot be presented at the clearing house. Access Bank will issue cheque books to you which you can in turn issue to your customers. Such cheques can be deposited by third parties through clearing. This service affords your customers the opportunity to run their accounts with you like any other account without restricting payment on cheques to your counters.