Today’s guide will give you details about the transfer limit of First Bank Nigeria.
Therefore, we advise you read till the end of this guide to help apprehend every piece of information shared.
There are several ways to bank with the First Bank Nigeria including Online banking, mobile app banking, USSD banking, and WhatsApp banking.
Each of the digital banking services mentioned above has a transfer limit, and to enroll.
To enjoy the services provided by any of the First Bank digital banking, you must know the transfer limit of any of the services you have subscribed to.
Knowing the transfer limit for FirstBank Nigeria is very important to help you know how much money you can transfer at a time.
Therefore, if you’re ready to be equipped with more information on the transfer limit for the First Bank Nigeria, then we shall proceed with some vital information.
Table of Contents
What Is Bank Transfer Limit
The bank transfer limit is the sum of funds that can be transferred from one’s bank account to another bank account.
These transfer limits are mostly implemented by banks, their mobile, and online banking services, and transfer limits differ from one bank to another.
What Is The Transfer Limit For First Bank
Transactions made at the bank premises of FirstBank Nigeria have no limitation.
Unlike using the FirstBank mobile app “FirstMonie” for a transaction that has a daily limitation of up to N1 million.
Also, transactions made from the USSD banking of FirstBank Nigeria have a daily limitation of N100,000.00 per day.
There is a limitation on sending money from a FirstBank account through online banking. Individual accounts have a maximum daily transfer of up to N5 million and Business bank accounts up to N10 million.
How Do I Increase My Daily Transfer Limit On FirstBank App
To increase your daily transfer limit on the FirstBank Nigeria app, visit the nearest branch of First Bank Nigeria with your debit card connected to your FirstBank account.
Go to the bank premises with other documents that stand as proof of you being the rightful owner of the account.
After the bank reviews your request, your account transfer limit can be increased to N5 million.
What Is The Maximum Amount In FirstBank Student Account
The maximum amount that a FirstBank student savings account can hold is N300,000.
So when operating or keen on opening student savings account with the First Bank Nigeria, ensure that you do not exceed N300,000.
Who Qualifies To Increase The Transfer Limit For FirstBank Account
Every customer of FirstBank Nigeria with an active individual or business account qualifies to increase the transfer limit for their FirstBank account.
Even though some digital banking services of FirstBank Nigeria do not allow business accounts on the service, meaning businesses will be deprived of such banking service and cannot increase the transfer limit on that particular banking service.
That is the information we can share on the transfer limit for First Bank.