How to Transfer Money from First Bank Nigeria

How to Transfer Money from First Bank

First Bank offers convenient online banking services and mobile banking apps, allowing customers to easily manage accounts, transact and transfer money from the comfort of their own homes or on the go.

Whether you need to transfer money to another account in First Bank or deposit money into accounts at other banks, First Bank offers a variety of transfer options to suit your needs. From online banking to mobile apps and ATMs, transferring money with First Bank is convenient and hassle-free.

In this article, we’ll explore the different methods of transferring money from First Bank, providing step-by-step instructions and helpful tips to ensure a seamless customer experience. By the end of this article, you’ll have a clear understanding of how to transfer money from First Bank and get the most out of its banking services. 

Understanding First Bank Transfer Option

When transferring money from First Bank, there are several options available depending on your convenience and preference. 

Here are the popular transfer methods offered by First Bank:

1. Online banking

First Bank’s online banking platform allows you to easily transfer money from your computer or mobile device. Through a secure website or mobile app, you can access your accounts, initiate transfers, and send money to other accounts within First Bank or external banks.

2. Mobile banking application

First Bank offers a mobile banking app that provides a user-friendly interface to manage your finances on the go. With the app installed on your smartphone or tablet, you can easily transfer funds, check balances and perform other banking transactions anytime, anywhere.

3. Transfer money at the counter

If you want to interact face-to-face, you can go to a First Bank branch and request a transfer at the counter. Just provide the necessary details to the bank teller, such as the recipient’s account number, bank name and any other required information, and they will help you transfer the money. 

4. Transfer via ATM

First Bank ATMs also offer the ability to transfer money. Insert your First Bank debit card into the ATM, follow the on-screen instructions, and select the transfer option. Enter the recipient’s account information, the amount to transfer and confirm the transaction.  

Step by Step Methods of Transferring Money from Firstbank

Here are the step-by-step methods to transfer money from First Bank using different channels:

1. Transfer money via First Bank Online Banking

• Log in to your First Bank online banking account with your username and password.

• Go to the “Transfer” or “Payments” section of the online banking platform.

• Select the “Transfer” or “Make a Transfer” option.

• Select the account you want to transfer money to and the account you want to transfer money to (if you have multiple accounts).

• Enter the recipient’s bank account details, including account number, bank name, and branch information. 

• Specify the transfer amount and provide any additional details or instructions needed.

• Check the transfer details to make sure they are correct.

• Confirm transfer and authorization using required authentication methods, such as OTP (one-time password) or token.

• After a successful transfer, write down the transaction reference number for future reference.

2. Transfer money via First Bank Mobile Banking application

• Download and install the First Bank mobile banking app from the app store on your device.

• Open the app and log in with your online banking credentials (username and password).

• Find the “Transfer” or “Deposit” option in the app’s menu or home screen.

• Select the account you want to transfer money to and the account you want to transfer money to.

• Enter the recipient’s bank account details, including account number, bank name, and branch information.

• Specify the transfer amount and any additional details required.

• Verify the accuracy of the transfer details.

• Confirm transfer and authorization using required authentication methods, such as fingerprint or PIN verification.

• After a successful transfer, write down the transaction reference number for future reference.

3. Transfer money via First Bank ATM

• Go to a First Bank ATM and insert your First Bank debit card.

• Enter your PIN to access the main menu.

• Select the “Transfer” or “Deposit” option from the ATM menu.

• Select the account to which you want to transfer money.

• Enter the recipient’s bank account details, including account number, bank name, and branch information. 

• Specify the transfer amount.

• Verify the accuracy of the transfer details.

• Confirm the transfer and wait for the ATM to process the transaction.

• After the transfer is successful, write down the transaction reference number displayed on the ATM screen.

4. Transfer Money via First Bank ussd

• On your mobile phone, dial *894# from the phone number registered to your First Bank account. Make sure you have enough network coverage.

• Once you have dialed the USSD code, a menu will appear on your screen with different options. Find an option called “Transfer” or a similar term and select it by entering the corresponding number or code and then pressing the submit button or the OK button. 

• Next, you will see different transfer options. Choose the appropriate option based on your trading requirements. This may include transfers to First Bank accounts, other banks or even international bank transfers where applicable.

• Enter the recipient’s account number using your phone’s keypad. Check the account number to make sure it’s correct before continuing.

• If you are transferring to an account at another bank, the USSD menu will ask you to select the recipient’s bank. Select the appropriate bank from the list provided.

• Enter the amount you want to transfer using the phone keypad. Make sure to enter the correct amount.

• Check the transfer details displayed on your screen, including the recipient’s account number, bank name and transfer amount. If everything is correct, move on to the next step. If there are any errors, roll back the transaction and start over.

• To authorize a transfer, you will need to enter your USSD First Bank transaction PIN or other authentication method specified by your bank. This is a measure to ensure that transactions are authorized by the account holder.

• Once you have successfully entered your PIN or completed the authentication process, a confirmation message will appear on your screen. The message will contain details of the money transfer made, including the transaction reference number.

• The transfer is now complete. You can record the transaction reference number for future reference.  

FAQs

How long does it take to complete a transfer from First Bank to another bank?

Transfer deadlines can vary depending on a number of factors, such as the processing time of the receiving bank and any intermediaries involved. Generally, transfers between Nigerian banks are usually completed within a few hours or minutes.

Are there any fees associated with transferring money from First Bank?

First Bank may charge a nominal fee for some types of transfers. Specific fees and charges may vary depending on factors such as transfer method, transaction amount, and destination. 

Can I transfer money internationally from First Bank?

Yes, First Bank offers an international transfer service that allows you to send money to accounts in other countries. However, the availability of international money transfer services, supported countries and specific requirements may vary. 

Can I schedule recurring transfers with First Bank?

Yes, First Bank often offers the option to set up recurring payments for routine payments, such as monthly bills or long-term orders. This allows you to automate the remittance process and ensure timely payments. You can usually set up a recurring transfer through First Bank’s online banking platform or by visiting a branch.

What if I enter the wrong recipient account details?

If you accidentally enter the wrong recipient account information, the transfer may fail or be credited to the wrong account. It is important to double check and verify all information before confirming a transfer to avoid such mistakes.

What should I do if I encounter any problems or have questions during the transfer?

If you have difficulties, questions or need assistance with the money transfer process, it is best to contact First Bank Customer Service (www.firstbank.com ).They can offer advice, resolve any concerns, and help resolve any issues you may have. 

Conclusion

First Bank offers many convenient and user-friendly options for transferring money. Whether you prefer online banking, mobile banking apps, USSD codes, or traditional methods like over-the-counter transfers and ATM transactions, First Bank gives you flexibility and accessibility.

With online banking, you can transfer money from your computer or mobile device with just a few clicks. A mobile banking app that allows you to manage your finances on the go, including making transfers and checking balances. USSD codes provide a quick and easy way to initiate a money transfer using your mobile phone, even without an internet connection.