First Bank Transfer Code – How To Conveniently Make Transfers On First Bank

July 19, 2024 Banking
First Bank Transfer Code

The Convenience of First Bank Transfer Code

The digital world is changing rapidly, the ability to bank quickly and securely is crucial. First Bank Nigeria, one of the leading financial institutions in Nigeria, recognizes this need and has come up with an innovative solution:

First Bank transfer code, also known as *894#. This USSD-based mobile banking service allows First Bank customers to easily complete various transactions using their mobile phones. 

Understanding Money Transfer Codes

Transfer codes have changed the way we do banking, providing a faster and convenient way to initiate financial transfers. These codes, including First Bank transfer code *894#, are becoming increasingly popular among customers looking for hassle-free and efficient banking solutions. 

How Transfer Codes Work in Banking Transactions

Code transfer works through Unstructured Supplemental Service Data (USSD) technology, which enables real-time communication between the mobile device and the service provider’s servers. 

When a customer dials the transfer code on their mobile phone, it establishes a session with the bank’s system, allowing them to navigate through the options menu and perform specific transactions. 

The USSD platform acts as an intermediary, forwarding customer input and responses to the bank’s servers and vice versa. This two-way communication enables secure and instant transaction processing. 

Activation and registration process

To start using your first bank transfer code, you need to activate it by linking your bank account with your mobile phone number. Here are step-by-step instructions to help you through the activation process:

  1. Dial *894# on your mobile phone.
  2. Follow the onscreen prompts to sign up for the transcoding service.
  3. Provide the required information, including your account number, and generate a unique transfer PIN.
  4. After successful registration, you can start using the transfer code for various banking transactions.

Transfer money

One of the key features of Bank Transfer Code First is its ability to support money transfers. With just a few simple steps, you can send money to other First Bank accounts or to other banks. This is the way:

  1. Dial *894# on your mobile phone.
  2. Select the “Transfer” option from the menu.
  3. Enter the recipient’s account number.
  4. Specify the amount you want to transfer. Authenticate the transaction with your transfer PIN.
  5. Confirm the details and complete the transfer.

Check Account Balance with Transfer Code

Checking your account balance is made easy with the First Bank transfer code. Instead of going to a bank branch or ATM, you can quickly retrieve your account balance using your mobile phone. This is the way:

  1. Dial *894# on your mobile phone. Select the “Account balance” option from the menu.
  2. Your account balance will be displayed on the screen.

Airtime Recharge 

With the first bank transfer code, you can easily top up your mobile phone or the phones of your loved ones. Here is the process:

  1. Dial *894# on your mobile phone.
  2. Select the “Airtime Recharge” option. Select the desired network provider.
  3. Enter the phone number you want to top up.
  4. Specify the quantity or choose from predefined options.
  5. Confirm the details and authorize the transaction using your transfer PIN.
  6. The airtime will be immediately recorded to the specified phone number. 

Bill Payment

The First Bank transfer code also allows you to easily pay your bills from your mobile phone. You can pay your utility bills, cable TV subscriptions, and more, all in a few easy steps. This is the way:

  1. Dial *894# on your mobile phone.
  2. Select the “bill payment” option.
  3. Choose a bill type, such as electricity, water, or cable. Enter the required details, including payment code and customer account number.
  4. Specify the amount to be paid.
  5. Authenticate the transaction with your transfer PIN.
  6. Confirm details and complete bill payment.

Mini Statement with Transfer Code

The first bank transfer code gives you quick access to your recent transactions using the mini statement feature. Here’s how you can view your mini report:

  1. Dial *894# on your mobile phone.
  2. Select the option “Mini statement”.
  3. Your recent transactions, including the transaction date and amount, will be displayed on the screen. 

Simple money transfer with first bank transfer code

With FirstBank Transfer Code, also known as *894#, you can start transferring money with just a few clicks on your mobile phone. Whether you need to send money to another First Bank account or accounts at other banks, First Bank transfer codes simplify the process, saving you time and effort. 

Transfer money to other First Bank accounts

If you need to send money to another First Bank account, follow these steps:

  1. Dial *894# on your mobile phone. From the menu options, select “Transfer”.
  2. Select “FirstBank Account” as the transfer destination.
  3. Enter the recipient’s First Bank account number.
  4. Specify the amount you want to transfer.
  5. Check the transaction details to make sure they are correct.
  6. Authenticate the transfer by entering your transfer PIN. 
  7. After the transaction is confirmed, you will receive a successful transaction notification and the recipient will receive the transferred amount immediately.

Transfer money to accounts at other Banks

The First Bank transfer code allows you to send money to accounts held at other banks in Nigeria. Here’s how you can make this interbank transfer:

  1. Dial *894# on your mobile phone.
  2. From the menu options, select “Transfer”.
  3. Select “Other Bank” as the remittance destination.
  4. Select the recipient’s bank from the list provided. 
  5. Enter the recipient’s account number.
  6. Specify the amount you want to transfer.
  7. Check the transaction details to make sure they are correct.
  8. Authenticate the transfer by entering your transfer PIN.
  9. Once the transfer is confirmed, you will receive a successful transaction notification and the recipient’s account will be credited accordingly. 

Please note that bank transfers may take some time to process, usually within 24 hours.

Quick transfer to first bank account

First Bank Transfer Code also offers a “Fast Transfer” feature, allowing you to send money to any first bank account without registering the recipient as a beneficiary. Here’s how it works:

  1. Dial *894# on your mobile phone.
  2. From the menu options, select “Transfer”.
  3. Select “Fast Transfer”.
  4. Enter the recipient’s First Bank account number.
  5. Specify the amount you want to transfer. Check the transaction details to make sure they are correct.
  6. Authenticate the transfer by entering your transfer PIN.
  7. Once the transaction is confirmed, you will receive a successful transaction notification and the recipient’s account will be credited immediately. 

Please note, however, that there may be a limit to how much you can transfer using the Quick Transfer feature.

Transaction limits and fees

When using First Bank transfer codes, it is important to know the transaction limits and fees associated with the transfer. These limits may vary depending on factors such as your account type, transaction history and regulatory guidelines. You should check with First Bank or visit your bank’s official website for specific limits and fees that apply to your account.

Security measures

First bank prioritizes the security of your transactions when using the transfer code. To keep your money safe, it’s important to keep your remittance PIN secret and avoid sharing it with anyone. Also, be careful when using remittance codes in public areas to prevent unauthorized access to your account information. If you suspect unauthorized activity or have any problems with your transactions, quickly contact First Bank Customer Support for assistance. 

Secure transactions

  1. Security measures and advice for first time bank transfer code users

Security is paramount when it comes to banking transactions and First Bank recognizes the importance of protecting customers’ funds and personal information. 

When using First Bank transfer code *894#, it is essential that you know the security measures in place and apply best practices to protect against unauthorized access and fraudulent activity. In this section, we’ll explore the security measures implemented by First Bank and provide helpful tips for using transfer codes safely.

  1. Transfer PIN

One of the key security features of Bank Transfer Code First is the transfer PIN. This is a four-digit code that you generate during registration. Your transfer PIN is used as the authentication method to authorize the transaction. 

Here are some tips for setting a strong and secure transfer PIN:

  1. Avoid using easy-to-guess PINs such as your date of birth or serial numbers.
  2. Use a combination of numbers that are not easy to associate with you.
  3. Change your remittance PIN regularly and avoid sharing it with anyone.
  4. Remember your PIN instead of writing it down or saving it on your mobile device.
  1. Two-factor authentication

To enhance the security of your transactions, First Bank uses a two-factor authentication system. 

This means that in addition to the remittance PIN, you may need to provide additional verification, such as a one-time password (OTP) sent to your registered mobile phone number. 

It’s important to follow these guidelines for secure two-factor authentication:

  1. Do not share your OTP or any other verification code with anyone.
  2. Never respond to unsolicited requests for OTP or personal information, as First Bank will never request such details through phone calls, emails or text messages.
  3. Make sure that you are the only one with access to your registered mobile number to prevent unauthorized access to your account. 
  1.  Safe mobile use

Since First Bank transfer codes are accessible through your mobile device, it is essential to maintain the security of your device. 

Here are some steps you can take to ensure a secure mobile banking experience:

  1. Keep your mobile operating system and apps up to date with the latest security patches.
  2. Install reputable mobile security software to protect against malware and viruses.
  3. Set a strong password or PIN to unlock your device.
  4. Enable biometric authentication, such as fingerprint or facial recognition, if available. Avoid downloading apps or clicking links from unknown sources.
  5. Be careful when using public Wi-Fi networks as they can intercept data. It is recommended to use a secure and private network for mobile banking transactions.
  1. Follow the account regularly

Vigilance is crucial when it comes to protecting your financial accounts. Regular monitoring of your account activity can help you identify any unauthorized transactions or suspicious behavior. 

Here are some monitoring practices to adopt:

  1. Check your account balance regularly and transaction history using the First Bank Transfer Code mini-statement feature or other banking channels.
  2. Set up trading alerts to receive notifications for any account activity.
  3. Immediately report any suspicious or misleading transactions to First Bank Customer Service. 

Other services provided by First Bank Transfer Code (*894#)

In addition to money transfer, First Bank transfer code *894# also provides many convenient and fast banking services. 

These services are designed to enhance the customer experience and provide instant access to essential financial functionality. 

  1. Open an account

With your first bank transfer code, you can start the process of opening a new bank account without going to a physical branch. 

This feature is especially beneficial for those who enjoy the convenience of digital banking. By following the on-screen prompts and providing the requested information, you can begin the account opening process with a transfer code. 

Note, however, that some verification steps and documentation may be required to complete the account opening process.

  1. Withdrawal without card

The First Bank transfer code allows you to withdraw cash from an ATM without using your debit card. This cardless withdrawal feature is useful in case you might forget your card or don’t want to take it with you. 

Here’s how you can start a cardless withdrawal:

  1. Dial *894# on your mobile phone. Select the “Cardless Withdrawal” option from the menu.
  2. Follow the on-screen prompts to generate the redemption code.
  3. Go to any First Bank ATM and select the ‘Cardless Withdrawal’ option.
  4. Enter the withdrawal code and the amount you want to withdraw.
  5. Collect your money at the ATM. 
  1. Query account balance

First Bank transfer codes allow you to inquire about the balances of other accounts linked to your mobile phone number. This feature is useful if you have multiple accounts and need to keep track of their balances. 

  1. Request account statement

With the First Bank transfer code, you can also request a statement of your bank account, providing a detailed overview of your transactions for a specific time period.

Here’s how to request an account statement:

  1. Dial *894# on your mobile phone.
  2. Select the “Account Statement” option from the menu.
  3. Select the account for which you want to request a statement. Select a statement period, for example the last 5 transactions or the last 30 days.
  4. Your account statement will be sent to your registered email address or displayed on the screen, depending on the options provided.

FAQs

What is the first bank transfer code?

The First Bank transfer code is *894#. This is a USSD-based mobile banking service that allows First Bank customers to use their mobile phones to carry out a variety of banking transactions.

How do I register a transfer code for First Bank?

To register your First Bank transfer code, dial *894# on your mobile phone and follow the on-screen instructions to link your bank account to your mobile number.

What transactions can I make with my First Bank transfer code? answer:

You can use your First Bank transfer code to perform a variety of transactions, including money transfers, balance inquiries, mini-statement inquiries, top-ups, and bill payments.

Are First Bank transfer codes available 24/7?

Yes, First Bank transfer codes are available 24/7 so you can access banking services 24/7.

Is there a fee for using a First Bank transfer code?

First Bank may charge a small fee for certain transactions made using your referral code. We recommend that you check with your bank for specific fees associated with various services.

Can I use my First Bank transfer code to send money to another bank account?

Yes, you can use First Bank transfer codes to transfer money to other bank accounts. Simply select the appropriate option from the menu and enter the recipient’s account details. 

Conclusion

First Bank Transfer Code, represented by the *894# USSD service, provides customers with a convenient and efficient way to perform banking transactions using their mobile phones. 

With the ability to transfer funds, check account balances, recharge phones, and more, the code *894# allows customers to take control of their financial activities. 

While it’s important to keep personal information secure and follow best practices, the benefits of Bank Transfer Code First, including accessibility, speed, and time savings, making it an invaluable tool for modern banking. 

Related Articles