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First Bank Raises Mobile App Transfer Limit To N1m

By Dipo Olowookere

The daily transfer transaction limits on First Bank’s FirstMobile Lifestyle mobile app has been increased from N500,000 to N1 million.

This information was contained in a statement issued on Monday by the First Bank’s Head of Digital Banking, Mrs Folasade Femi-Lawal.

Explaining the motive behind this development, Mrs Femi-Lawal said it is to provide customers with a suite of financial options in a convenient and secure environment.

The bank’s senior staff said, “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.”

However, she noted that N150,000 could now be transferred through the app to First Bank accounts and other banks’ accounts without the use of a token.

“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,” Mrs Femi-Lawal added.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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