First Bank Code For Transfer – Founded in 1894, First Bank of Nigeria Limited (‘FirstBank’) is the premier bank in West Africa, Nigeria’s number one banking brand and Nigeria’s leading provider of financial services solutions. Sir Alfred Jones, a shipping magnate from Liverpool, England, founded the Bank. The Bank started business on a modest scale in Lagos, Nigeria, with its headquarters originally in Liverpool, under the name Bank of British West Africa (BBWA).
The bank acquired its first competitor in 1912, the Bank of Nigeria (formerly known as the Anglo-African Bank), which was founded by the Royal Niger Company in 1899. The Bank changed its name to Bank of West Africa in 1957 from the Bank of British West Africa (BBWA) (BWA). The Bank adopted the name Standard Bank of West Africa Limited in 1966, following its merger with Standard Bank, UK, and was incorporated locally as Standard Bank of Nigeria Limited in 1969 in compliance with the Companies Decree of 1968.
First Bank of Nigeria Limited and First Bank of Nigeria Plc both changed their names in 1979 and 1991, respectively. In 2012, the Bank again changed its name to First Bank of Nigeria Limited as part of a restructuring that resulted in the detachment of FBN Holdings Plc (‘FBN Holdings’) from other FirstBank Group undertakings in accordance with the new regulations of the Central Bank of Nigeria (CBN). Worldwide, FirstBank had 1.3 million shareholders, was listed on the Nigerian Stock Exchange (NSE), where it was one of the most capitalized firms, and also had an unlisted Global Depository Receipt (GDR) scheme, all of which was transferred in December 2012 to its holding company, FBN Holdings.
The Bank has steadily broken new ground in the domestic financial sector for over a century and two decades, building on its strong foundations. Via its subsidiary, FBN Bank (UK) Limited, with branches in London and Paris, FirstBank is present in the United Kingdom and France and in Beijing with its representative offices. A new subsidiary, Banque International de Credit (BIC), one of the leading banks in the Democratic Republic of Congo, was acquired by the Bank in October 2011. FirstBank acquired ICB in Gambia, Sierra-Leone, Ghana and Guinea in November 2013, and acquired ICB in Senegal in 2014. In its strategy to increase its sub-Saharan African footprint, these were major landmarks, and all African subsidiaries now carry the name FBN Bank.
FirstBank has kept pace, adapting to the dynamic needs of its clients, customers, regulators, host societies, employees and other stakeholders as the global operating environment evolves. FirstBank has strengthened its market leadership through a balanced approach to strategy execution by preserving trans-generational appeal. The Bank has thus continually boosted its customer base, which, in terms of scale, structure and industries, cuts through all segments.
FirstBank has continued to create relationships and partnerships with key sectors of the economy that have served as strategic building blocks for the country’s well-being, growth and development, leveraging experience spanning over a century of dependable services. FirstBank is the strongest banking franchise in Nigeria, retaining market supremacy on all fronts in the financial services industry of the country, with its huge asset base and vast branch network, as well as continuous re-invention.
You should know that all the characteristics of the first bank ussd code are first bank money transfer code, first bank airtime recharge code and first bank account balance code.
First Bank of Nigeria (FBN) dubbed Fast Banking as its mobile banking code. Just as theirs were called Easy and Eazy banking respectively by Gtbank and Zenith bank.
One of the two ways to conduct banking transactions on your cell phones is the First Bank Mobile Banking Code.
The second route is via mobile apps.
Both of them have their cons and pros.
Since the first bank mobile code was launched, customers without access to smartphones (mobile apps) or the internet have been able to conveniently move money, refill their phones with airtime and check their account balance.
This is because Nigeria’s first mobile code bank operates on any handset that can make and receive calls and also in Nigeria through all gsm networks (mtn, glo, airtel, 9mobile).
It runs 24/7, too. And that includes weekends and public holidays.
It is more stable, faster, and safer.
No one could have imagined recharging airtime directly from your bank account about a decade ago, moving funds and checking account balance to the comfort of your home via cell phones.
But we’re here in 2018. Banking is free of stress now.
The features of the First Bank 894 code are below.
- Funds Transfer.
- Recharge Airtime.
- Check Account Balance.
- Open First Bank Account.
- Bills Payment.
- Reset PIN.
You must meet the requirements below to use FBN mobile code.
- First Bank Account: You must be an FBN Naira denominated account holder.
- Alert Number: You need the phone number registered to your bank account.
- Mobile Phone: Any mobile device that can make and receive calls will do.
- ATM PIN: You need your debit card 4-digit PIN for registration.
See also: WEMA Bank Transfer Code 2021
How to Register First Bank USSD Code
Before you get started with quick banking, you need to first activate it. Follow the guide below:
- Dial *894*0# with the phone number registered to your FBN account.
- Choose your preferred debit (ATM) card from those linked to your account.
- Enter the 4 digit PIN of the chosen debit card.
- Create 5-digit transaction PIN. You will need this to complete each transactions you initiated on this platform.
You have successfully activated your number for first bank mobile banking code.
First Bank Transfer Code
- Dial *894*Amount*Recipient’s Account Number#.
- Select the beneficiary bank.
- Authenticate and complete the transfer using the 5 digit transaction PIN.
- You will get a notification indicating if the transaction is successful or not.
The first bank’s money transfer code is identical to that of Zenith Bank.
For both interbank (first bank to other banks) transfer and intra bank (first bank to the first bank) transfer, I mean it’s the same code.
Let’s assume you want to transfer 10,000 Naira to account number 0123456789, just dial *894*10000*0123456789# >> Select the receiver’s bank >> Confirm name among other details and complete with transaction PIN.
First Bank Recharge Code
You can easily top up your airtime directly from your first bank account using quick banking code.
- Dial *894*Amount#. E.g *894*2000# to recharge alertz number with 2000 Naira.
- Complete the first bank airtime recharge with the 5-digit transaction PIN.
Self airtime recharge means topping up the number registered or associated (alertz number) with your first bank account.
Third (3rd) Party Airtime Recharge
- Dial *894*Amount*Phone Number#. E.g *894*200*07000000000# to recharge with 200 Naira.
- Complete airtime top up with your 5-digit transaction PIN.
To recharge number not registered to your bank account, you need the below code.
First Bank Account Balance Code
- Dial *894*00# to view your balance.
Reset & Change Transaction/Authentication PIN
In case you forget your 5-digit transaction PIN (Personal Identification Number), just dial *894*0# to reset it.
First Bank Mobile Code Limit & Charges
- Transfer Limit: Maximum of 100,000 Naira daily.
- Airtime Recharge Limit: Maximum per day is 10,000 Naira.
- Time Limit: Maximum of 2 minutes per transaction. However, the transaction will be terminated after 20 seconds of inactivity.
- Transfer Charges: First to first transfer is free while first to other banks attract N10, N20 and N50 Naira charges depending on how much you are transferring.
- Recharge Charges: Free.
- Network Charges: 2 – 5 Naira.
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