First Bank Internet Banking Transfer Limit & How to increase

First Bank Internet Banking Transfer limit

The First Bank mobile app lets you do banking transactions online. You can use it to transfer money to other people. But, they set a limit on how much you can transfer each day. They call it Transfer Limits. It’s like a rule that says you can’t move more than a certain amount of money in one day.

First Bank made it easier for people to transfer money using their mobile app. They raised the limit on how much money you can move in one day. Before, you could only transfer up to N500,000 a day, but now you can transfer up to N1,000,000.

But here’s the thing: the amount of money you can transfer each day might be different depending on what type of account you have. For example, if you have a student account, the limit might not be the same as for other types of accounts. 

Daily Transfer Limit for First Bank Savings Account

If you have a savings account with First Bank, the amount you can transfer each day depends on the type of account you have. There are two types: one for students and another for regular savings.

  • For Student Accounts — You can transfer up to N100,000 per day.
  • For Regular Savings Accounts — Whether you have a student account or a regular one, the daily transfer limit is still N100,000.

But if you’re using the First Bank mobile app for online transfers, customers with regular savings accounts can transfer more. Recently, the limit for these accounts was raised from N500,000 to N1,000,000, so now you can transfer bigger amounts with your First Bank mobile app.

Transfer Limit for First Bank Student account

The transfer limit for First Bank student accounts is like a money boundary you can’t go beyond. If you have a student account, you can’t send more than a hundred thousand naira (N100,000) in one day. If you try to send more, the transfer won’t go through.

But if you want to upgrade to the standard account, just go to the nearest bank branch. The staff there will help you upgrade it.

How to Increase First Bank Daily Transfer Limit

If you want to increase your First Bank daily transfer limit, go to the closest First Bank branch. Don’t forget to bring your debit card and any ID or papers showing you own the account.

Normally, if you have an active account, First Bank can raise your daily transfer limit to as much as N5,000,000. But with the First Bank mobile app, you can now transfer up to N1,000,000, up from the old limit of N500,000. This improvement is for users with standard accounts.

But remember, student accounts can’t handle big transfer amounts because they have limits. So, only standard accounts can do these larger transfers.


How to increase transaction limit on first bank app

To raise your daily transaction limit on the FirstMobile app, just tap on ‘Self-Service’ and then select ‘Limit Management

Why is First Bank asking me for a token?

First Bank uses a token to make sure its customers’ online banking is secured. This token gives an extra layer of security by making unique codes for each transaction. That way, it’s harder for anyone to sneak in and do something they shouldn’t.

How can I get my token code from First Bank?

To get your token code from First Bank, just follow these steps:

  • Make sure you can use the mobile number linked to your account.
  • Dial *322*0# on your phone.
  • Wait for the one-time password (OTP) to be sent to your linked mobile number.
  • Use the OTP you get to finish your online transaction safely.

These steps will help you make a token code for your online transactions with First Bank.

How do I transfer money from First Bank?

To send money from First Bank, just do this:

  • Dial *894*Amount*Account Number# on your phone.
  • Pick the beneficiary’s bank.
  • Check the amount and the beneficiary’s name, then type in your five-digit PIN.
  • Choose the account you want to take the money from.

For buying airtime:

  • Dial *894*Amount# to recharge for yourself.
  • Dial *894*Amount*Phone Number# to recharge for others.
  • Enter your five-digit PIN to finish.

What is the USSD for First Bank?

First Bank’s USSD is *894#. With this service, you can do lots of banking transactions on your phone, like sending money, buying airtime, checking your balance, getting mini statements, paying bills, opening accounts, and collecting payments for businesses.

How do I get my 5 digit PIN for my First Bank transfer?

Here’s how to get your 5-digit PIN for First Bank transfers:

  • Dial *894*0# from your linked mobile number.
  • You’ll see a list of masked debit card numbers linked to your account.
  • Choose the debit card you prefer.
  • Enter the 4-digit PIN for that card.
  • When prompted, create a new 5-digit PIN.
  • By following these steps, you can set up your new 5-digit PIN for transfers.