Home » How to Transfer Money from First Bank 2023

You see people do transfer and wonder how to transfer money from first bank, do not worry, you aren’t the first person with this thought process. With the aid to remedy this issue, we will be showing you as you read through, just how to go about it in the best possible way.

How to Transfer Money from First Bank

How to Transfer Money from First Bank

Technology has brought a revolutionary change to the banking sector, transforming the management of our financial matters.

The emergence of digital banking has eliminated the need for individuals to physically visit a bank to conduct their financial transactions.

Leading the way in this innovation is First Bank Nigeria, offering a variety of digital banking services to ensure a smooth and effective banking experience for its customers.

Among these services is the First Bank transfer code, a convenient method of transferring funds between accounts using a mobile phone.

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What is the First Bank Transfer Code?

The First Bank transfer code is a USSD (Unstructured Supplementary Service Data) code that enables customers to conduct banking transactions via their mobile phones.

This code provides a convenient and secure method for transferring funds between accounts, paying bills, purchasing airtime, checking account balances, and performing various other transactions.

The designated First Bank transfer code is *894#, and it is accessible on any mobile phone, regardless of the network.

How to Activate the First Bank Transfer Code

To utilize the First Bank transfer code, you need to activate it on your mobile phone first. The activation process is simple and easy. Here are the steps to activate the First Bank transfer code:

  • Dial *894# on your mobile phone
  • Select “1” to “register”
  • Follow the prompts to enter your First Bank account number
  • Create a 5-digit PIN to secure your transactions
  • Confirm your PIN

After successfully completing the activation process, you can commence using the First Bank transfer code to conduct your transactions.

How to Transfer Money Using the First Bank Transfer Code

After successfully completing the activation process, you can commence using the First Bank transfer code to conduct your transactions.

  • Dial *894# on your mobile phone
  • Select “2” to “transfer”
  • Enter the recipient’s account number
  • Select the recipient’s bank
  • Enter the amount you want to transfer
  • Confirm the details of the transaction
  • Enter your 5-digit PIN to authorize the transaction

After successfully completing the activation process, you can commence using the First Bank transfer code to conduct your transactions.

Features of First Bank Transfer code

The First Bank transfer code possesses the following features:

1. Ability to transfer funds to a First Bank account

2. Capability to transfer funds to accounts in other banks

3. Option to transfer funds to Microfinance Institutions (e.g., KUDA)

4. Ability to transfer money using a mobile phone (e.g., Opay and PalmPay)

How to Transfer Money from the First Bank Transfer Code to Other Bank

To initiate a fund transfer from First Bank to another bank, simply dial 894AmountAccount Number#.

For instance, if you want to transfer 3,000 Naira to the account number 0987654321, dial *894*30000987654321#. Then, select the recipient’s bank and enter your PIN to complete the transaction.

How to Transfer Money From First Bank Transfer Code to Other Bank via the Mobile App

The steps outlined below will guide you through the process of transferring money using the First Bank mobile app:

1. Download the First Bank mobile banking app from the Google PlayStore.

2. Open the app and either sign up if it’s your first time using it or log in if you’ve already registered.

3. Click on the “Transfer” button available on the home screen.

4. Select the account from which you wish to transfer funds and specify whether the transfer is to a First Bank account or another bank.

5. Input the recipient’s account number and select the appropriate bank.

6. Enter the amount you want to transfer.

7. If necessary, add a description for the transfer.

8. Click on the “Next” option.

9. Review the transfer details carefully on the following page before entering your PIN.

10. Finally, click the “Submit” button to complete the transaction.

Although the First Bank transfer code is familiar to customers and account holders, there are essential considerations to bear in mind before and during transfers:

1. The First Bank transfer code is specifically designed for sending money.

2. It remains accessible 24/7, providing uninterrupted service.

3. To use the First Bank code for money transfers, you must possess a First Bank account.

4. The code is operable only on SIM cards that have been activated or linked.

5. It does not require a data connection to execute money transfers.

6. The First Bank USSD transfer code is compatible with the networks of Glo, MTN, Airtel, and 9mobile.

Additionally, for an economical alternative to the First Bank transfer code, customers can consider DNBC Financial Group. DNBC Financial Group safeguards customers from risks, markups, and indirect expenses associated with money transfers.

Their international transfer services and lowest exchange rates enable swift and secure money transfers to foreign accounts.

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