First Bank Nigeria is one of the oldest and most reputable financial institutions in the country, with a rich history dating back to 1894. Known for its wide range of banking services and commitment to customer satisfaction, the Bank plays a crucial role in facilitating financial transactions for individuals and businesses across Nigeria.
From traditional banking services to innovative digital solutions, First Bank offers a comprehensive suite of financial products to meet the diverse needs of its customers. Whether it’s online banking, mobile applications, or money transfers, First Bank provides convenient and secure ways to manage and transfer funds efficiently
Customers can easily transfer funds online, through the mobile app, or at any of their branch locations. The process is simple and efficient, allowing customers to send money quickly and securely to anyone, anywhere in Nigeria
In this article, we will explain the various services provided by First Bank Nigeria,, understanding different transfer options. this guide will walk you through the step-by-step process to ensure a smooth and secure money transfer
Read: How to block first bank ATM card and Account
Features of First Bank Money Transfer
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- FirstMobile App: Transfer funds seamlessly using your smartphone.
- FirstOnline Internet Banking: Conveniently transfer money from your computer or laptop.
- USSD Code (*894#): Transfer money using basic mobile phone functionality without internet access.
- ATM Transfers: Initiate transfers directly at FirstBank ATMs.
- In-Branch Transfers: Visit any FirstBank branch for assisted transfers.
- First Global Transfer: Specialized service for fast and affordable transfers to other African countries where FirstBank operates.
Benefits of FirstBank Money Transfer
- Â Transfer money anytime, anywhere, through various channels.
- Â Enjoy fast and efficient transfers, particularly within FirstBank and with First Global Transfer.
- Multi-factor authentication, encryption, and transaction monitoring ensure the safety of your funds.
- Â Choose from various transfer options based on your needs and preferences.
- Transfer money domestically and internationally, including to other African countries.
- Â Leverage FirstBank’s extensive network and partnerships for seamless cross-border transfers.
- Competitive exchange rates and low fees compared to traditional international transfers.
- Beneficiaries receive funds quickly and securely.
- Available across sub-Saharan Africa.
- Send money directly to recipient’s accounts or for cash pickup.
How to register for first bank ussd
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Dial *894# from the phone number linked to your First Bank account
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Select option 1 to register for USSD banking
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Enter your First Bank account number
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Enter your BVN (Bank Verification Number)
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Enter your debit card details (optional)
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Create a 5-digit USSD PIN (Personal Identification Number)
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Re-enter the PIN to confirm
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You will receive a confirmation message with your USSD profile details
How to transfer money from First bank
1. First Bank Mobile App
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Download and install the First Bank Mobile App from the App Store or Google Play Store
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Log in with your username and password
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Select the “Transfers” option
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Choose the recipient’s bank (First Bank or other banks)
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Enter the recipient’s account number and amount
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Confirm the transaction
2. First Bank USSD Code
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Dial *894# on your mobile phone
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Follow the prompts to select the transfer option
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Enter the recipient’s account number and amount
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Confirm the transaction
OR
1.Dial *894*Amount*Account Number#;
2.Select beneficiary bank;
3,Confirm amount, beneficiary name
4.Enter five-digit PIN;
Example: if you want to transfer N8000 to account number 2323458798,
Dial *894*8000*2323458798# Then enter your PIN .The recipient will receive the N8000
Read; How to register and activate First bank USSD
3. First Bank Online Banking
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Log in to your First Bank online banking account
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Select the “Transfers” option
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Choose the recipient’s bank (First Bank or other banks)
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Enter the recipient’s account number and amount
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Confirm the transaction
4. First Bank Branch
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Visit any First Bank branch
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Fill out a transfer form
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Provide the recipient’s account number and amount
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Confirm the transaction
How to buy airtime from first bank
First Bank offers a few different ways to purchase airtime directly from your bank account:
*1. Using the USSD Code (894#):
- This is the fastest and easiest method, especially if you don’t have internet access.
- For self-recharge: Dial *894*Amount# (e.g., *894*500#)
- To recharge another number: Dial *894*Amount*Phone Number# (e.g., 894**500*08012345678#)
2. FirstMobile App:
- Â Open the FirstMobile app and log in with your credentials
- Â Look for the “Airtime” or “Buy Airtime” section, usually on the home screen or under “Payments” or “Services.”
- Choose the network provider (MTN, Airtel, Glo, 9mobile), enter the phone number, and select the amount.
- Review the details and confirm the purchase using your transaction PIN or other authentication method.
3. FirstOnline Internet Banking:
- Access FirstBank’s internet banking platform using your login credentials.
- Look for the “Airtime Purchase option.
- Choose the network provider, enter the phone number, and select the airtime amount.
- Â Review the details and authorize the transaction using your transaction password or hardware token.
How to block first bank account
There are a few ways to block your First Bank account:
1. Using the USSD Code (*894*911#)
This is the quickest and most convenient method, especially if you don’t have internet access or the mobile app.
- Dial* 894*911# from your registered mobile number.
- You’ll be presented with options to block your account or card.
- Choose this option to block your entire account.
- Â You’ll likely need to confirm your choice and may be asked to provide some account details for verification.
2. Using the FirstMobile App:
If you have the FirstMobile app installed on your phone, you can use it to block your account:
- Open the FirstMobile app and log in with your credentials.
- Navigate to the “Services” or “Self-Service” section within the app.
- Choose the relevant option based on whether you want to block your entire account or just the card linked to it.
- Â Provide the necessary details and confirm the block.
3. Calling Customer Service:
You can directly call First Bank’s customer service to block your account.
- Call the FirstContact Center: The number is +234 700 FIRSTCONTACT (0700 34778 2668228) or +234 1 448 5500.
- Explain your situation and request to block your account.
- Provide necessary verification details as requested by the representative.
4. Visiting a Branch:
If you prefer in-person assistance, you can visit any First Bank branch.
- Inform a customer service representative that you need to block your account.
- Provide necessary identification and account details.
- They will block your account and guide you on the next steps.
Who is the owner of FirstBank in Nigeria?
First Bank of Nigeria Limited (FirstBank) is owned by FBN Holdings PLC. FBN Holdings is a diversified financial services group listed on the Nigerian Stock Exchange (NSE). While FBN Holdings is the parent company, FirstBank itself has a diversified ownership structure with over 1.3 million shareholders.
 This means that the ownership of the bank is divided among a large number of shareholders who have purchased shares of the company. These shareholders can be individuals, institutional investors, or other organizations who own a stake in the bank.
The current acting MD/CEO of FirstBank is Olusegun Alebiosu, appointed in April 2024.
Pay Attention: How to Check First Bank Account Balance
FirstBank’s USSD transfer codes?
FirstBank offers a variety of services through their USSD code, *894#. Here are the most common transfer codes:
Transferring Money:
- To FirstBank Accounts: Dial *894*Amount*Account Number#
- To Other Bank Accounts: Dial *894*Amount*Account Number# (You will then be prompted to select the receiving bank)
Other Useful Codes For first bank:
- *Register for 894# Banking: *894*0#
- Airtime Recharge (Self): *894*Amount#
- Airtime Recharge (Others): *894*Amount*Phone Number#
- Data Purchase (Self): *894*2#
- Data Purchase (Others): *894*2*Phone Number#
- Mini-Statement: *894*Account Number#
- Check Account Balance: *894*00#
- Reset PIN: *894*0#
- Block Debit Card: *894*911#
Frequently Asked Questions
1. Can I cancel a transfer after it has been initiated?
It depends on the transfer type and its status. Some transfers, like instant transfers within FirstBank, might not be cancellable once initiated. Contact First Bank customer care for assistance if you need to cancel a transfer.
2. Is it safe to transfer money using FirstBank’s digital platforms?
Yes, First Bank employs robust security measures like encryption and two-factor authentication to protect your transactions. However, it’s crucial to follow good security practices and avoid sharing your login credentials or personal information with anyone.
3.How can I track the status of my transfer?
You can track the status of your transfer through the transaction history on the FirstMobile app or FirstOnline internet banking. You might also receive SMS or email notifications regarding the transfer status.
4. What should I do if my transfer is delayed or unsuccessful?
If you encounter any issues with your transfer, contact First Bank customer care immediately for assistance. Provide them with the transaction details, and they will help you resolve the issue.
5. Are there any fees or charges for First Bank money transfers?
Yes, fees may apply depending on the transfer type, amount, and destination.
Transfers below N5,000 will attract a maximum charge of N10; transfer from N5001 – N50,000 -N25; and transfers above N50,000- N50
6. Can I schedule future or recurring transfers with First Bank?
Yes, you can schedule future-dated or recurring transfers through the FirstMobile app or FirstOnline internet banking
7. How long does it take for a transfer to reflect in the recipient’s account?
- Transfers within FirstBank are usually instant.
- Transfers to other banks in Nigeria (NIP transfers) typically take a few minutes to a few hours.
- First Global Transfer within Africa is also usually fast.
8. Can I send money to other African countries with First Bank?
Yes, you can send money to other African countries where First Bank operates using their First Global Transfer service. This can be done through the FirstMobile app, FirstOnline internet banking, or at a branch
9. Can I transfer money to other banks in Nigeria from First Bank?
Yes, you can transfer money to other banks in Nigeria using the NIP (Nigeria Inter-Bank Settlement System) transfer option available on the FirstMobile app, FirstOnline internet banking, and the *894# USSD code.
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