What financial products and services can be offered by a banking agent?
Theoretically, banking agents can offer all varieties of transaction and banking services. However, in some countries, account opening, credit appraisal, and check cashing still have to be done at a branch. To ensure that the banking agent is complying with customer service requirements, and to provide security against fraud, many financial institutions also initially limit the range of financial services offered at an outlet that recently joined the network.
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