First Bank Increases Daily Transfer Limit To 1Million Naira

First Bank of Nigeria Limited has increased
transfer transaction limits on its FirstMobile
Lifestyle app from N500,000 to a maximum
daily limit of N1m.
The Head, Digital Banking, First Bank, Mrs.
Folasade Femi-Lawal, in a statement on
Monday said the lender would continue to
leverage evolving technologies to support
consumers’ lifestyle, the News Agency of
Nigeria reported.
It stated also that N150,000 could now be
transferred through the app to First Bank
accounts and other banks’ accounts without the
use of a token.
According to the statement, the new plan is
aimed at providing customers with a suite of
financial options in a convenient and secure
environment.
It read, “This development is expected to boost
convenience and ease of banking as well as
enhance customers’ digital banking experience
in line with the bank’s commitment to offer
value-added services.
“With the mobile banking app, customers can
enjoy real-time mobile banking services, such as
domestic funds transfer from self-owned
accounts to First Bank accounts and other
banks’ accounts.”
It added, “They can also make quick airtime
purchase for self and others on all mobile
networks; bills payment; cheque services,
including confirm cheque and stop cheque;
flight bookings.
“The app also allows for quick account services,
such as account balance inquiry, statement
view and much more.“