It is a part of daily life to transfer funds, whether to a loved one, to pay for goods and services, or to conduct business. One of Nigeria‘s most trusted banks, First Bank offers a variety of seamless methods for money transfers. As you read this guide, I’ll walk you through the step-by-step processes, share personal anecdotes, and provide valuable insights.
Key Takeaways
- Variety of Methods: First Bank offers transfers via app, USSD, online banking, and ATMs.
- Affordable Charges: Most transfer methods are either free or come with minimal fees.
- Security: Encrypted systems ensure your funds are safe.
- Accessibility: Works offline (USSD) and in remote areas.
Why First Bank Stands Out for Money Transfers
First Bank has been a pillar in Nigeria’s financial ecosystem for decades, earning its reputation through reliability, innovation, and user-friendly services. Whether you prefer digital transfers or traditional banking methods, the bank has options tailored to your needs.
“From my experience, First Bank’s app is one of the easiest to navigate. I remember transferring funds while hiking in Jos—no glitches, just smooth functionality. It’s reassuring to know you can rely on their platform, no matter where you are!”
Methods to Transfer Money with First Bank
1. Using the FirstMobile App
The FirstMobile App offers a fast and intuitive way to send money.
- Step 1: Download the app via the Google Play Store or Apple App Store.
- Step 2: Log in with your credentials (user ID and password).
- Step 3: Select “Transfer Money” on the dashboard.
- Step 4: Choose between “First Bank Account” or “Other Banks.”
- Step 5: Input the recipient’s account number and amount.
- Step 6: Confirm the transaction with your PIN or fingerprint.
Key Features:
- Instant transfers.
- Secure login options.
- Transfer limit of ₦1,000,000 daily (can be increased upon request).
Pro Tip: Activate biometric login for faster access.
2. USSD Banking
Ideal for when you’re offline or on the go, USSD banking is accessible without an internet connection.
- Code: Dial *894# on your registered mobile number.
- Steps:
- Select “Send Money.”
- Enter the recipient’s bank and account number.
- Input the amount.
- Confirm with your unique PIN.
Pros:
- Works on basic phones.
- No need for an internet connection.
Cons:
- Daily transfer limit of ₦100,000.
“A couple of months ago, I had limited network access in a rural area but could still send money via USSD. It was a lifesaver!”
3. FirstOnline Banking
This is First Bank’s internet banking platform for more comprehensive financial transactions.
- Step 1: Log in at FirstOnline.
- Step 2: Navigate to the “Funds Transfer” tab.
- Step 3: Input transfer details (amount, recipient, narration).
- Step 4: Authorize the transfer with your token or OTP.
Best For:
- Higher transaction limits (up to ₦5,000,000).
- Access to detailed transaction history.
4. ATM Transfers
This method is straightforward for those without access to mobile devices.
- Steps:
- Visit any First Bank ATM.
- Insert your debit card and enter your PIN.
- Select “Transfer.”
- Input the recipient’s account details and amount.
Note: Transaction charges may apply (₦20–₦50).
Pricing, Charges, and Reviews
Transfer Charges
| Method | Fee (₦) |
|---|---|
| FirstMobile App | Free (First Bank) |
| USSD Banking | 6.98 per session |
| Other Bank Transfers | ₦10–₦25 |
| ATM Transfers | ₦20–₦50 |
User Reviews
- “The FirstMobile app is seamless; I’ve never experienced downtime.” Oluwaseun, Lagos.
- “USSD has been my go-to during travels. Quick and effective!” Maryam, Abuja.
Pros and Cons of First Bank Transfers
| Pros | Cons |
|---|---|
| Multiple transfer options | Daily limits may be restrictive. |
| Secure and encrypted transactions | Occasional network delays. |
| Accessible even in remote areas (via USSD) | Fees for interbank transfers. |
My Personal Experience with First Bank Transfers
“During a road trip across Nigeria, I encountered a situation where I needed to urgently send money to a stranded friend in Enugu. With no Wi-Fi and low battery, I quickly dialed *894# and completed the transfer in under two minutes. Moments like this remind me why I stick with First Bank—it’s reliable, even in the most unpredictable circumstances.”
Frequently Asked Questions (FAQs)
1. Can I transfer money without a smartphone?
Yes, you can use USSD banking (*894#) or ATMs.
2. How do I increase my daily transfer limit?
Visit any First Bank branch to request an increase. You may need valid identification and proof of income.
3. What if a transfer fails?
Contact First Bank’s customer service at 0700-FIRST-CONTACT or visit the nearest branch. Refunds are usually processed within 3–5 business days.
4. Is FirstMobile secure?
Yes, it uses end-to-end encryption and two-factor authentication (2FA).
Conclusion
Transferring money with First Bank Nigeria is simple, secure, and flexible. Whether you’re tech-savvy or prefer traditional banking methods, there’s a solution for everyone. From my experiences traveling across Nigeria, First Bank has proven to be a reliable companion for seamless transactions. So next time you need to send money, rest assured that First Bank has you covered.
For more information, visit First Bank Nigeria.
