Written by First Bank of Nigeria is one of the country’s longest-standing financial institutions, known for its dedication to customer satisfaction and innovation. In recent years, First Bank has embraced digital banking methods, including a convenient USSD transfer code. This code allows customers to conduct various banking transactions on any mobile device, without internet access, and provides a fast, easy way to send money to other accounts. This guide offers an in-depth look at how to use First Bank’s transfer code for sending money in 2024, covering each step in detail to ensure secure, efficient transactions.
The Code To Transfer Money From First Bank 2024
Step-by-Step Guide to Using First Bank Transfer Code
Using First Bank’s *894# transfer code is straightforward, but following each step correctly is important to avoid errors and ensure a smooth transaction. Here’s a detailed breakdown of each step in the process:
Dial *894# on Your Registered Phone
Begin by dialing *894# on the mobile phone associated with your First Bank account. This is essential, as the USSD system recognizes and verifies the phone number connected to your account. Any mobile phone with GSM service can use this code, so there’s no need for a smartphone or internet connection.
Select the “Transfer” Option
After dialing *894#, you’ll see a menu with various banking options. The options may include balance inquiries, airtime purchases, and transfers. Choose the “Transfer” option to proceed. This selection will lead you directly to the section that lets you send money.
Enter the Recipient’s Account Number
When prompted, carefully enter the account number of the person you want to send money to. Accuracy is crucial, as an incorrect number could result in funds being sent to the wrong account, making recovery difficult. Verify the account number to ensure it matches the intended recipient’s details.
Choose the Recipient’s Bank
The system will then prompt you to select the recipient’s bank. A list of major Nigerian banks will be provided. Scroll through and select the correct bank associated with the account number you entered. First Bank’s system uses this information to verify the recipient’s account, reducing the risk of sending funds to the wrong bank.
Enter the Amount You Wish to Transfer
Next, input the amount you wish to transfer. It’s always a good idea to check your account balance before entering an amount to ensure you have sufficient funds. Keep in mind that transfer limits may apply, especially for daily transactions. First Bank generally allows daily transfers up to ₦100,000 for most registered users.
Input Your Secure Four-Digit PIN
For security, First Bank requires users to enter a unique four-digit PIN to authorize each transaction. This PIN, created when you first set up the USSD code, acts as a safeguard to prevent unauthorized transfers. If this is your first time using the code, you’ll be guided through the process of creating a PIN. Be sure to keep your PIN private to protect your account.
Confirm the Transfer
After entering your PIN, you’ll see a final confirmation screen displaying the transfer details, including the recipient’s name, account number, and transfer amount. Take a moment to review these details. Confirming the transaction will complete the transfer, and First Bank will send a confirmation SMS to your registered phone, including a transaction reference number.
This simple, step-by-step method ensures a quick and secure way to transfer money from your First Bank account to any Nigerian bank account.
See Also: How To Earn Money Directly To Your Bank Account In Nigeria 2024/2025
Benefits of Using First Bank’s Transfer Code
The *894# transfer code offers numerous benefits, making it one of the most efficient and practical ways to conduct bank transactions. Here are some of the key advantages of using First Bank’s transfer code:
Convenience: The USSD code doesn’t require internet access, making it ideal for customers in areas with limited connectivity. With just a few taps, you can complete transactions from virtually anywhere.
Speed: Transactions are processed almost instantly. This feature is helpful for urgent payments or emergencies, as funds typically reach the recipient’s account within seconds.
Security: First Bank’s transfer code system is built with security in mind. Each transaction requires a unique PIN, which only the account holder knows. Additionally, SMS confirmations are sent after each transaction, providing an added layer of verification.
24/7 Availability: Unlike physical bank branches that operate during specific hours, the USSD service is available 24/7. This means you can make transactions anytime, whether it’s a holiday, weekend, or outside of regular banking hours.
These benefits make First Bank’s transfer code a reliable and efficient option for anyone looking to manage their finances without visiting a branch or relying on an internet connection.
Additional Services Available via First Bank’s *894# Code
First Bank’s USSD code goes beyond simple money transfers, providing a range of other services that make banking more accessible. Here’s a look at what else you can do with *894#:
Check Account Balance: With a quick dial of 89400#, you can view your account balance instantly. This is particularly useful for those who want to keep track of their funds without visiting an ATM or logging into an online account.
Airtime Purchases: Buying airtime for yourself or others is easy with First Bank’s code. To buy airtime for your own phone, dial 894amount#. For example, 894100# would buy ₦100 airtime. To buy airtime for another phone number, dial 894amount*recipient’s number#. This feature saves time and eliminates the need for a separate airtime purchase app.
Bill Payments: First Bank’s USSD service also allows you to pay bills for certain services, such as utilities and cable subscriptions. Using the same *894# code, you can select “Pay Bills” from the menu and follow the prompts to complete a payment. This feature simplifies managing bills, as you can do it from any mobile device.
Frequently Asked Questions
What is the daily transfer limit for First Bank’s USSD code?
The daily limit for First Bank USSD transfers is generally ₦100,000. This limit may vary depending on individual account profiles and can sometimes be adjusted by visiting a First Bank branch.
Do I need an internet connection to use First Bank’s transfer code?
No, the USSD service works independently of an internet connection, making it accessible from any location with mobile network coverage.
What should I do if I forget my PIN?
If you forget your PIN, you can reset it by contacting First Bank customer service or visiting a branch for assistance. Remember to create a secure PIN and avoid sharing it with anyone.
Are there transaction fees for using the USSD transfer code?
Yes, a small fee is generally applied to each transfer. The fee is often minimal and varies depending on network providers and the transaction amount.
Conclusion
Using First Bank’s *894# transfer code is a quick, secure, and reliable way to manage your finances without needing an internet connection or physical bank visit. With its wide range of services, from money transfers to airtime purchases and bill payments, First Bank’s USSD system provides a flexible banking solution available 24/7. Whether you’re in a remote area or simply looking for convenience, First Bank’s transfer code meets your banking needs efficiently. By following the simple steps outlined in this guide, you can complete transactions smoothly and confidently, knowing your financial activities are protected and verified.
