Hope Bank POS Machine – Charges, Price, Daily Target

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Hope Bank POS Machine – Charges, Price, Daily Target

Hope bank pos is one of the most affordable pos machines in Nigeria as at today. In this post, you’ll learn how to get it and have answers to many of the frequently asked questions.

Hope Bank pos price

The Hope Bank will only charge you N20,000 as a precautionary fee for the traditional Android POS. This fee is intended to prevent damage to the device.

Note that payment of this fee does not constitute purchase of the POS.

How to get Hope Bank POS Machine

To become a POS agent for Hope Bank, you must download the Hope Bank app from the Google Play store and register.

How to open an account at Hope Bank

1. Enter *569*9# on the phone

2. Choose option 2 to open an account

3. Select option 2 to enter  your bvn

4. Enter BVN

5. Enter birth date

6. Create 6-8 digit pin

Take note of this account number which will be assigned to your bank account.

7. Navigate to https://Hope Bankpsbank.com/signup to create an online banking profile so you may access your account via your Android phone.

Enter the account number that was generated for you. A one-time password will be texted to the phone number you provided during registration. Enter the OTP and click the Continue button.

You will be required to answer many security questions Choose them and enter your response. Then generate a password and establish a PIN (your PIN should be between 6 to 8 digits). When you are done, click SUBMIT.

You will receive a message of congratulations. That you have registered successfully for digital banking. Accept to log in

Hope Bank POS charges

Hope Bank charges starts from N30 on withdrawal of 1000 naira and N10 to N20 on deposits depending on the amount

Here’s the breakdown of hope pos withdrawal charges as at 2022:

N1000 – N30

N2000 – N30

N3000 – N30

N4000 – N30

N5000 – N30

N6000 – N30

N7000 – N30

N8000 – N30

N9000 – N30

N10,000 – N30

N11,000 – N50

N12,000 – N50

N13,000 – N50

N14,000 – N50

N15,000 – N50

N16,000 – N50

N17,000 – N50

N18,000 – N50

N19,000 – N50

N20,000 and above – N50


The only requirements are an ID card (national ID card, Driver’s licence, Voter’s card, or international passport), a Nepa bill, and a passport photo.

The Hope Bank POS requires the above plus a cautionary cost of N10,000 (for the Mpos) or N30,000 (for the android POS machine).

Other information required to apply for Hope Bank POS

Your first and last name
The gender.
Email address

Your Date at birth

Why is your BVN required?

The Bank Verification Number is used to check that the given personal information is valid for the CBN-required KYC documents.

How to add fund to your account

There are multiple options for funding your account

The initial method is a Bank transfer. That is, Hope Bank offers you with a unique account number that is typically displayed at the top of your dashboard.

You may copy this account number and visit the mobile app of your other bank to transfer whatever amount you wish to use to fund your wallet (just the way you do normal bank transfer).

After dialling the code and successfully completing the transaction, check your wallet to see if it has been updated.

commissions on utilities

Here are the commissions Hope Bank will pay you as an agent when you purchase airtime, pay for a customer’s television subscription, or pay their electricity bill.

MTN 2.8% commission

Glo  3.80% commission

Etisalat  3.30% commission

Airtel 3.80% commission


DStv N60 commission.

GOtv N60 commission.

IKEDC 1.7% of value plus N50 commission

PHEDC 0.8% of value in addition to N50 commission

ENUGU POSTPAID 0.8% of value plus N50 commission

IBEDC 1.8% of value plus N50  commission*.

1.8% of value plus N50 Commission for KEDCO


How to log complaints on hope bank pos

In the event of a dispense problem, the customer will need to contact their own bank, as Hope Bank does not yet offer a link to lodge a complaint concerning failed transactions.

How do I access my Hope Bank dashboard?

Log in to your Hope Bank dashboard at https://hopepsbank.com/Login to see your dashboard (or you can download the app on playstore).

What you can do with hope pos machine

Here are some services that a Hope Bank POS can perform:

Withdrawal of cash, Fund Transfer, Instant Settlement Payment of Utility Bills, Hope Bank POS may verify customer’s account balance.

How safe is Hope POS Machine

Hope Bank is authorised by the central bank of Nigeria (CBN) to provide agency banking services, and they have a lengthy history in the agency banking industry.

Why do so many individuals enjoy Hope Bank POS?

People appreciate Hope POS because it is

Fair and dependable price and commission
Excellent network dependability prompt payment
Excellent client service

Is there a Hope Bank mobile app?

Yes, you can download the application by visiting Google Play or Apple iTunes on your iPhone. simply look for Hope Bank Mobile

How quickly can I get Hope Bank POS?

Typically, it takes between one day and one week to receive a Hope Bank POS.

Does Hope Bank POS incur stamp duty?

There is no tax on Hope Bank POS transactions. The federal government charges an additional N50 in stamp duty on any withdrawal or incoming transfer of N10,000 or more. This sum has not been debited from Hope Bank.

Hope Bank customer care

Hope Bank’s customer service is among the most responsive in agency banking.

Email address: unconfirmed

WhatsApp number 09017856291

Telephone: 01-2272871

Address: Hope Payment Service Bank Limited, Commerce Building, 1, Idowu Taylor Avenue, Victoria Island, Lagos.


Hope Bank POS is an easy-to-obtain device that may be obtained rapidly. If you have any additional questions, please comment them below and I’ll respond as soon as possible.

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