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How To Transfer Money In First Bank: Do It Yourself

Transferring money with First Bank Nigeria is straightforward, ensuring secure and convenient transactions for all users. But what’s important? Let’s find out how to transfer money with First Bank.

The Nigerian banking system is highly competitive, with every bank striving to provide flexible services that enable customers to transact without physically visiting the bank. For First Bank users, the bank offers quick and reliable methods to transfer money online between accounts or to other banks. This guide will teach you the two quickest methods to first bank transfer money, plus a bonus method.

Method 1: How To Transfer Money From First Bank With Code

Overview

Method 1: How To Transfer Money From First Bank With Code

The First Bank USSD transfer method can be used on any mobile network and is compatible with any handset. Additionally, using the First Bank money transfer code does not require data or airtime. The only requirement is that your phone number must be linked to your First Bank account. If it isn’t, visit any nearby First Bank branch to activate your phone number with your account. You also need to set up your 5-digit transfer PIN.

Once these requirements are met, follow these simple steps to send money to your loved ones (parents, siblings, friends, or business partners) via the First Bank USSD transfer code:

  1. Open your phone dialer.
  2. Dial *894# and press OK/Send.
  3. Select option 1 (Transfer).
  4. Enter the amount you wish to transfer on the pop-up screen and press SEND.
  5. Input the recipient’s account number (e.g., 0126578***) and press OK.
  6. From the pop-up menu, select the recipient’s bank name from the list.
  7. Enter your 5-digit First Bank transfer PIN, then press SEND.
  8. A confirmation message will appear on your screen, indicating whether the transfer was successful or not.

Method 2: How to Transfer Money Using the First Mobile App

For those who prefer to use the First Mobile app to initiate a money transfer, this is a reliable and easy-to-use method. However, it requires mobile data to access the app, making the USSD code method more suitable when data is unavailable. To send money via the First Bank mobile app, follow these steps:

  1. Download and install the First Mobile app on your device.
    1. For Android users, visit the Google Play Store.
    1. For iPhone users, download the app from the Apple App Store.
  2. Open the app after installation.
  3. Register and log in using your First Bank account details and PIN.
    1. If you’re a first-time user, select Register or Sign Up and follow the steps to set up your account.
    1. You will typically need your ATM card number and the 4-digit card PIN to create a login password.

Once logged in, locate and click on Transfer in the app interface.

Select Transfer Options:

  • Transfer within First Bank: Select this option if you are sending money to another First Bank account. You can choose either Transfer to Own Account or Transfer to Another First Bank Account.
  • Transfer to Other Banks: Select Transfer to Other Banks if you want to send money to a different bank, such as GTB, UBA, etc.

Example: Transferring to Other Banks

  1. Select Transfer to Other Banks.
  2. Choose the account you want to debit.
  3. Select the destination bank where you want to send the money.
  4. Enter the recipient’s bank account number. The app will retrieve and display the account name for confirmation.
  5. Verify that the account name is correct, then enter the amount to transfer.
  6. Optionally, add a narration or description for the transfer.
  7. Enter your 5-digit transfer PIN and click Continue.
  8. A success or failure message will appear, confirming the transfer’s status. If successful, you can download the receipt or share it via WhatsApp.

Bonus Method

If the methods above are challenging or you are unable to transfer money remotely, you can opt for this alternative:

1. Transfer Money via ATM

  1. Visit any nearby ATM outlet and follow these steps:
  2. Insert your ATM card into the machine.
  3. Enter your card PIN.
  4. Select Transfer from the options on the screen.
  5. Choose the recipient’s bank name from the list.
  6. Enter the recipient’s bank account number.
  7. Enter the amount you want to send.
  8. Click Confirm to review the transfer details.
  9. If the details are correct, click OK to complete the transfer.

2. First Bank Customer Service

Alternatively, you can visit any First Bank branch near you, proceed to the cashier section, and explain your concern about transferring money to one of the attendants. They will guide you through the steps to complete the transfer. You will be provided with a slip to fill in the details of the account you want to debit, as well as the recipient’s details.

After completing the money transfer process, it is advisable to visit the customer care section to request activation of internet banking if you haven’t already started using it or to resolve any issues preventing you from transferring money via your phone.

Remark:

The First Bank USSD and mobile app methods are cardless ways of transferring money. In other words, you don’t need to carry your ATM card, reducing the risk of it being misplaced or stolen. Many people seek the most convenient and straightforward way to transfer funds, and they might prefer to stick to one option.

However, it is crucial to understand how to use the different methods of sending money within your banking institution. If one method fails, you can easily switch to the other. Therefore, don’t rely solely on the First Bank USSD code; make sure you also learn how to use the mobile app to send money.

Written by

Oghenemine. O

in