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How to Transfer Money from First Bank (2024)

  • September 16, 2024

Transferring Money from First Bank: This post contains full guides on how to transfer money from First Bank to First Bank, and also how to send money from First bank to other banks using the First Bank USSD transfer code, mobile app, and internet bank on your phone.

First Bank is one of the leading financial institutions in Nigeria that offers various banking services to its customers. One of the services that First Bank provides is the ability to transfer funds to other accounts operating within the bank as well as accounts in other banks in Nigeria.

In this article, we will explore the different methods that First Bank provides for transferring money and provide step-by-step instructions for each method. Whether you prefer using a mobile app, internet banking, USSD code, or ATM, First Bank has you covered.

We will also discuss important considerations to keep in mind when transferring money, such as ensuring you have the correct recipient details and sufficient funds to cover the transfer amount and any fees.

By the end of this post, you will have a comprehensive understanding of how to transfer money from First Bank and the best practices to follow to ensure a smooth and successful transfer.

First Bank Money Transfer

It is very easy to transfer money from First Bank, however, the most popular method is using the transfer code.

The First Bank transfer code is *894#. It is available to all First Bank customers, and it allows them to transfer money from their accounts to other First Bank accounts or accounts with other banks in Nigeria.

To use the First Bank transfer code, customers must have a mobile phone registered with their First Bank account and sufficient funds in their account to complete the transfer.

The transfer code is accessible on all mobile networks in Nigeria, and it comes with various security features to ensure safe and secure transactions.

Read Also: List of All First Bank USSD Code

How to Activate First Bank Transfer Code

Firstly, to be able to use the First Bank transfer code to send money, you must register and activate it.

To do this, follow the steps below:

  • Using the line/sim/phone number you opened your First Bank account with, dial *894*0#
  • Select your preferred working and active debit (ATM) card from the list displayed
  • Enter the 4-digit PIN for the selected debit card.
  • Create a new 5-digit PIN and your USSD code registration for your First Bank account is complete.

That’s all. With your First Bank transfer code now activated, you can now use it to fund any bank account. Let’s see how to send money from First Bank.

How to Transfer Money from First Bank

*894*Amount*Account Number# is the code to transfer money from First Bank to another First Bank account and other banks as well.

For example, if you want to transfer N2,000 to Access (Account Number: 0011229933), just dial *894*2000*0011229933#, then select Access Bank as the bank, and enter your transfer PIN to authorized the transaction.

How to Transfer Money from First Bank to First Bank Accounts

First Bank offers various channels for transferring money to First Bank accounts. Here are the steps to transfer money to First Bank accounts via different channels:

1. First Bank Mobile App

First Bank customers can use the First Bank mobile app to transfer money to other First Bank accounts. Here’s how to do it:

  • Open the app and sign up if it’s your first time, or log in if you’ve registered already
  • On the home screen, click on the “Transfer” button
  • Select the account you want to make the transfer from
  • Select the transfer type; Choose “First Bank”
  • Enter the recipient’s account number
  • Enter the amount you want to transfer
  • Type in a description (optional)
  • Click on the “Next” button
  • Review and confirm the transfer details
  • Enter your PIN and click on the “Send” button to complete the transaction.

Related: List of Kuda Bank USSD Code

2. First Bank USSD Code

First Bank customers can use the First Bank USSD code to transfer money to other First Bank accounts. Here’s how to do it:

  • Dial *894# on your mobile phone.
  • Select “Transfer” from the menu.
  • Select “First Bank” as the beneficiary bank.
  • Enter the recipient’s account number and the amount you want to transfer.
  • Confirm the transaction by entering your PIN.

3. First Bank Internet Banking

First Bank customers can also use the First Bank Internet banking platform to transfer money to other First Bank accounts. Here’s how to do it:

  • Log in to your First Bank internet banking account.
  • Click on the “Transfer Funds” menu.
  • Select “First Bank” as the beneficiary bank.
  • Enter the recipient’s account number and the amount you want to transfer.
  • Review the transaction details and confirm the transfer.

How to Transfer Money from First Bank to Other Banks

First Bank customers can also transfer money to accounts in other banks in Nigeria. Here’s how to do it:

1. First Bank Mobile App

First Bank customers can use the First Bank mobile app to transfer money to other banks in Nigeria. Here’s how to do it:

  • Log in to the First Bank mobile app.
  • Tap on the “Transfer” button on the app’s homepage.
  • Select the account you want to make the transfer from
  • Select the transfer type; Choose “Other Banks”
  • Enter the recipient’s account number
  • Enter the amount you want to transfer
  • Type in a description (optional)
  • Click on the “Next” button
  • Review and confirm the transfer details
  • Enter your PIN and click on the “Send” button to complete the transaction.

Relate: How to Transfer Money from Access Bank

2. First Bank USSD Code

First Bank customers can also use the First Bank USSD code to transfer money to other banks in Nigeria. Here’s how to do it:

  • Dial *894# on your mobile phone.
  • Select “Transfer” from the menu.
  • Select “Other Banks” as the beneficiary bank.
  • Enter the recipient’s account number and the bank’s name.
  • Enter the amount you want to transfer.
  • Confirm the transaction by entering your PIN.

3. First Bank Internet Banking

First Bank customers can use the First Bank Internet banking platform to transfer money to other banks in Nigeria. Here’s how to do it:

  • Log in to your First Bank internet banking account.
  • Click on the “Transfer Funds” menu.
  • Select “Other Banks” as the beneficiary bank.
  • Enter the recipient’s account number and the bank’s name.
  • Enter the amount you want to transfer.
  • Review the transaction details and confirm the transfer.

Check Out: How to Use UBA Transfer Code to Send Money

Tips for Safe and Secure Money Transfers

After knowing how to send money from First Bank to First Bank and other banks, it is important you know some tips while using the USSD transfer code for First Bank.

  1. Verify the recipient’s details: Always double-check the recipient’s account number and bank name before initiating a transfer to avoid sending money to the wrong account.
  1. Use secure channels: Always use secure channels such as First Bank mobile app, USSD code, or internet banking to initiate transfers. Avoid using public Wi-Fi or shared computers to access your bank account.
  2. Keep your login details safe: Never share your login details with anyone, and avoid using easy-to-guess passwords.
  3. Review transaction details: Always review the transaction details before confirming the transfer to ensure that the recipient’s details and the transfer amount are correct.
  4. Set transaction limits: First Bank allows customers to set transaction limits to avoid unauthorized transfers.

Conclusion

Transferring money from First Bank to First Bank accounts and other banks in Nigeria is simple and straightforward. First Bank provides various channels such as the First Bank mobile app, USSD code, and internet banking to make money transfers easy for customers.

It is important to keep your login details safe, use secure channels, and verify the recipient’s details to ensure safe and secure money transfers. By following these First Bank fund transfer tips, and steps on how to transfer money from First Bank, and how to use the First Bank transfer code, you can easily transfer money to First Bank accounts and other banks in Nigeria.