How to Transfer Money From First Bank

How to transfer money from First bank: To send money from the First bank is now easy and stress-free to do. You don’t have to visit the bank to do that. All you need is a mobile phone. With the First bank transfer code, you can transfer money from your first bank account to another First bank account or another bank account be it Zenith Bank, UBA Bank, JAIZ Bank, Access Bank, Eco Bank, FCMB Bank, Fidelity Bank, GTB Bank, Heritage Bank, Keystone Bank, Polaris Bank, Stanbic IBTC Bank, Standard Chartered Bank, Sterling Bank, TAJ Bank, Union Bank, Unity Bank, Wema Bank, Kuda Bank, even you can transfer from your First Bank account to Palmpay account. So, stay with me while I take you through this.

How to transfer money from First bank

Here I will be taking you through two ways you can transfer money from your first bank account to another account.

The following are the ways to transfer money from the First bank account to another first bank account or to another bank account;

by using the First bank USSD code
Via First Bank Mobile app

How to Transfer Money From First Bank Using the USSD code

To transfer money from the First bank account using USSD Code, follow the simple steps below;

If you are new to the First bank USSD code, then you need to register first before you can start using the USSD code. Click here to register for the First bank USSD code.
After you have successfully registered for the USSD code, or if you have been using the USSD code before, simply open your call app
Dial *894*Amount*Account Number# to transfer.
Take, for instance, you need to transfer N2000 to 1234567890. All you need to do is to dial *894*2000*1234567890#
Then you need to select a bank and confirm the transaction with your 5-digit PIN. The maximum amount of money you can transfer per day is N100,000.00.

Simple huh? So, let’s move to how you can send money from First bank using the mobile app.

How to Transfer Money From First Bank via Mobile App

To transfer money from First bank using the First Bank mobile app, follow the simple guidelines below;

Simply go to the Google play store or Apple Play store to download the First Bank mobile app, install and launch the application.
Install and launch the app
If you are using it for the first time, you will need to register with some personal information. Just follow the process on the app.
Once you are on your dashboard, click on transfers
Input the recipient account number, bank, and amount
Verify to ensure all information is correct
Input your secure pin code for authorization
Submit

And that’s it. Simple as ABC.

How to Transfer Money From First Bank to Another Bank

The way you make transfers from First bank to first bank is the same way you transfer money from First bank to another bank. You can use both the USSD code and the mobile app to make transfers to another bank as well. All that differs is just the bank you choose.

Below are a few Frequently Asked Questions with short but concise answers.

How do I find my 5 digit PIN for FirstBank Transfer?

Simply dial *894*0#
A list of masked debit card numbers linked to your account is displayed.
Select your preferred debit card.
Enter the 4-digit Personal Identification Number (PIN) for the selected debit card.
Create a new 5-digit PIN.

What can I use to transfer money from FirstBank?

Transfer money easily with *894# and enjoy the 894 life. So easy, simple, and stress-free.

What is the transfer USSD code for FirstBank?

*894#

“USSD Banking Service” is a banking service which the Bank provides to the Customer through the use of the USSD Code “*894#” from a Mobile phone, such as Funds Transfers, Airtime Top-up, enquiry service about balance in their Account(s), Mini statement, bill payments, Account Opening, etc.

How long do FirstBank transfers take?

It’s sometimes called a ‘pay anyone transfer’. First Bank transfer can take as short as ten seconds and it can take as long as 3 business days depending on the time the transaction is made. Money transfer depends on factors like the network, and the time the transaction is made (holidays, weekends, during the day, or at night). Transfers normally take longer at night, on public holidays, or on weekends.

Why does it take 3 days to transfer money?

The online banking industry has a “three-day good funds model” policy; where transfers will typically take between two and four days. The banks want to be sure the money is really there and available before it lets the receiver use the money – this is why they don’t make the funds available immediately.

What happens if money is transferred but not received?

Inform the bank right away so they can look into your claim if the bank initiated the transfer. It is a good idea to follow up in writing if you call the bank first. If you wire the money using a third party (like Western Union), get in touch with them to learn more about their policies.

What happens if a bank transfer goes missing?

Asking the sending bank for proof that the transfer was made is the first thing to do in the event of a bank error. The bank should launch an investigation and attempt to locate the missing funds if they can demonstrate that they did, in fact, make the payment.

How do I know if my bank transfer is successful?

You should receive the money in your bank account and get a credit alert almost instantly. These time estimates may be affected if your bank is undergoing maintenance or experiencing downtime. To confirm if your transfer was a success, it is best to check the latest balance on your bank account.

Can you get money back if transferred to the wrong account?

Once a payment has been sent, it isn’t possible to reverse it. So if you think you’ve made a mistake let your bank know straight away.

FAQs about how to transfer money from First Bank

In this section, we will be discussing the frequently asked question about how to send from the first bank to another bank or the same bank. Without any further ado, let’s get started!!!

How Can I Transfer Money From My First Bank Account?

You can transfer money from your First Bank account using various methods like the bank’s USSD code, internet banking, mobile banking app, or by visiting a physical bank branch.

What are the Steps to Transfer Money Using USSD Code?

To transfer money using a USSD code, dial the specific code provided by First Bank, usually in the format “894Amount*Account Number#”. After confirming the details, you’ll be prompted to input your secure PIN to authorize the transaction. The specific process and code can vary depending on your location and the services offered by the bank.

How Can I Transfer Money Using the Mobile Banking App?

To transfer money using the mobile banking app, log into the app with your credentials. Look for an option like “Transfer” or “Send Money” on the app. Then input the necessary information such as the recipient’s account number, bank, and the amount to be transferred. Verify the details, and then authorize the transaction.

Can I Transfer Money to Other Banks (Interbank Transfer)?

Yes, you can typically transfer money from your First Bank account to accounts in other banks. This can be done using the mobile banking app, USSD code, internet banking, or by visiting a bank branch. You’ll need the recipient’s account number and bank name.

Are There Charges for Transferring Money?

Yes, banks usually apply charges for money transfer services. The exact fee can depend on several factors such as the amount being transferred, the type of transfer (e.g., intra-bank or interbank), and the platform used for the transfer. It’s best to check the bank’s tariff or contact customer service for exact details.

What is the Daily Transfer Limit?

The daily transfer limit can vary based on the bank’s policy, your account type, and the platform used for the transfer. For instance, some banks might have a lower daily limit for USSD transfers compared to mobile banking app transfers. Please check with First Bank for the exact details.

Are Money Transfers Instantaneous?

While most money transfers are processed instantly or within a few minutes, the exact timing can depend on several factors such as the receiving bank’s processing times and the transfer method used. It’s advisable to keep a record of your transactions in case any delays occur.

Is It Safe to Transfer Money From My Mobile Phone?

Yes, it is generally safe to transfer money from your mobile phone, provided that you take certain precautions. Always ensure you are on a secure and private internet connection, verify all transaction details before authorizing, and never share your banking details, including your secure PIN, with anyone.

Hope you find what you are looking for in this post. If you still have any questions, kindly leave a comment below and we will get back to you as soon as possible.