It’s exciting to travel around Nigeria and discover new places, but convenience is key when you’re on the go. By offering Cardless Withdrawal, First Bank Nigeria makes it easier for travelers and locals alike to access cash without their physical cards. This feature can save you time and stress, especially if you’re in an unfamiliar area, whether you’re in Lagos, Abuja, or anywhere else in the country. You will learn everything you need to know about First Bank’s Cardless Withdrawal, from how to set it up to key tips.
Key Takeaways
- First Bank’s Cardless Withdrawal is a convenient and secure way to access cash without your debit card.
- It’s accessible through the mobile banking app or USSD, and you can use it at any First Bank ATM nationwide.
- Transactions are quick and easy, but remember to use the one-time PIN within 30 minutes.
- Charges vary based on the amount withdrawn, with fees applied for higher amounts.
What is Cardless Withdrawal?
First Bank’s Cardless Withdrawal is a feature that allows you to withdraw money from an ATM without using your debit or ATM card. This service provides a convenient alternative for those who might have misplaced their cards or prefer not to carry them around for security reasons. It is particularly useful for travelers, as it eliminates the need to carry physical cards and reduces the risk of theft.
This feature can be accessed directly from your mobile phone via First Bank’s USSD code or mobile banking app. You can easily generate a one-time PIN that will allow you to withdraw cash from any First Bank ATM across Nigeria.
How to Set Up First Bank Cardless Withdrawal
Setting up First Bank’s cardless withdrawal is an easy process. Whether you’re in a busy city like Lagos or a more serene spot like Calabar, the process is designed to be user-friendly, allowing you to access funds whenever you need them.
Process for Setting Up Cardless Withdrawal
- Register for First Bank Mobile Banking: If you haven’t already registered for mobile banking with First Bank, you will need to do so by visiting your nearest branch or registering through the mobile app. This step is crucial for activating the Cardless Withdrawal feature.
- Generate a One-Time PIN: Once your account is set up, you can generate a one-time PIN for your cardless withdrawal using the First Bank USSD code (*894#) or through the mobile banking app. The PIN is valid for 30 minutes, so be sure to complete the withdrawal within that time frame.
- Select the Cardless Withdrawal Option: When you arrive at a First Bank ATM, select the “Cardless Withdrawal” option. The ATM will prompt you to input the one-time PIN sent to your mobile number.
- Enter the Amount to Withdraw: After entering your PIN, select the amount of money you wish to withdraw. The ATM will process your request and dispense the cash.
Tip: Security First
Always ensure that you are using a secure internet connection when generating the PIN and avoid sharing your PIN with anyone. This is crucial to avoid fraud or unauthorized transactions.
Key Features of First Bank Cardless Withdrawal
Understanding the features of First Bank’s cardless withdrawal is essential for making the most of this service. Here are some key aspects:
- No Need for an ATM Card: You can make withdrawals even if you’ve forgotten your card or prefer not to carry it.
- Instant Access: The feature allows for quick and easy access to cash without the need to visit a bank branch.
- Wide Accessibility: Cardless withdrawal is available at all First Bank ATMs across Nigeria, making it a convenient option no matter where you are.
- One-Time PIN: This unique PIN is generated for each transaction, ensuring the security of your withdrawal.
- 24/7 Availability: Unlike bank branches, First Bank ATMs are accessible around the clock, offering convenience at any time of day.
Table: Cardless Withdrawal Process at a Glance
| Step | Description |
|---|---|
| 1 | Register for First Bank Mobile Banking |
| 2 | Generate a One-Time PIN via USSD or App |
| 3 | Visit a First Bank ATM |
| 4 | Select “Cardless Withdrawal.” |
| 5 | Enter the PIN and withdraw cash |
Pros and Cons of First Bank Cardless Withdrawal
Like any banking service, cardless withdrawal comes with both advantages and drawbacks. Here’s a breakdown:
Pros:
- Convenience: No need to carry your ATM card; just use your phone.
- Safety: Helps avoid losing your card or being a victim of card-related fraud.
- Quick Transactions: Withdrawals can be completed in a few minutes, making it ideal for travelers on the go.
Cons:
- Limited Timeframe: The one-time PIN expires in 30 minutes, so you need to be quick.
- ATM Availability: This feature is only available at First Bank ATMs, which could be a limitation in areas without First Bank branches.
- Transaction Limits: Cardless Withdrawals may have daily limits, so large withdrawals may not be possible.
Real Prices and Fees for Cardless Withdrawal
Though the service is free, you may incur certain charges depending on the amount you withdraw. Below is a breakdown of the typical transaction fees for Cardless Withdrawal:
Table: Fees for Cardless Withdrawal
| Withdrawal Amount (NGN) | Fee (NGN) |
|---|---|
| Below 5,000 | Free |
| 5,000 – 10,000 | 100 |
| 10,001 – 50,000 | 200 |
| Above 50,000 | 500 |
Note: Charges may vary depending on your account type or location.
Personal Insights: Why I Love Cardless Withdrawal
As someone who frequently travels around Nigeria for both work and leisure, I can’t tell you how many times I’ve found myself without my ATM card. Whether it’s been misplaced during a hike in the Jos Plateau or forgotten while on a road trip to Oyo, First Bank’s Cardless Withdrawal has been a lifesaver. I’ve used it countless times to access funds quickly, and it’s a feature I highly recommend to fellow travelers. Not only does it offer peace of mind, but it also ensures you’re always ready for the next adventure, no matter where you are in the country.
Frequently Asked Questions (FAQs)
1. Can I use Cardless Withdrawal if I’m not a First Bank customer?
No, this service is exclusively for First Bank account holders.
2. What happens if I don’t collect my cash after the transaction?
The ATM will automatically cancel the transaction if you do not collect your cash within a certain time frame.
3. Is cardless withdrawal available outside of Nigeria?
Currently, it is only available within Nigeria at First Bank ATMs.
4. What if I lose my phone?
If your phone is lost or stolen, immediately block your account and report the incident to First Bank to prevent unauthorized transactions.
Final Thoughts
Whether you’re exploring the cultural gems of Abuja or the sandy shores of Lagos, Cardless Withdrawal is a game-changer for accessing cash on the go. Its simplicity, speed, and security make it an indispensable tool for travelers in Nigeria. If you haven’t already set it up, now’s the time to take full advantage of this innovative feature that puts your banking convenience at your fingertips.
