The Firstmonie wallet, like any other digital (Payment) wallet, is FirstBank’s online digital platform that enables its clients to conduct smooth and speedy transactions using their mobile phones from anywhere and at any time. The wallet provides access to all of the features that a typical bank account/app does, but it goes a step further with its simplicity of setup/usage – all you need to use the Firstmonie wallet is your registered cellphone number. In this post, we will show you how to create a Firstmonie wallet, as well as its needs and advantages.
The Firstmonie wallet is a convenient and secure way to store, send, and receive money by FirstBank.
Related:
Top Nigerian Bank USSD Codes
Top digital banking apps in Nigeria
How to get an offline POS machine in Nigeria
Some benefits of using the Firstmonie wallet include:
- Convenience: With the Firstmonie wallet, you can access your money from anywhere, at any time, using your smartphone. This means you don’t have to carry cash or visit a bank branch to make transactions.
- Security: The Firstmonie wallet uses advanced security measures to protect your money and personal information. This includes encrypting your data and using secure servers to store your information.
- Easy to use: The Firstmonie wallet has a user-friendly interface that makes it easy for anyone to use. You can easily manage your money, pay bills, and make other transactions using the app.
Contents
How to Create the FirstBank Firstmonie Wallet
Before you begin, here are a few prerequisites for creating your Wallet:
- Mobile Phone: You may register with any mobile device.
- Current Mobile Phone Number
- Airtime for USSD registration: A session fee of N4 is asked for USSD registration.
How to Register for Your FirstMonie Wallet Using a Mobile App
- First, download the app from your app store (iOS or Android).
- Enter your mobile number, then generate a 5-digit pin and enter your security questions and answers before pressing the Continue button.
- Enter the OTP that was emailed to you and click Create Account.
How to Register for Your FirstBank Firstmonie Wallet Using a USSD Code
- Simply call *894*1#.
- Select 1 to register without a BVN and provide the required details.
- Select 2 to register with BVN and then follow the prompts.
Firstmonie Wallet Features:
- Inter-bank money transfer
- Fund Wallet
- Airtime/Data Top-up
- Bill Payments
- Cash In & Cash Out
- Corporate Disbursements & Collections
- Access to Virtual Debit Cards
- Agent Locator.
Firstmonie Wallet Account Type
This FirstBank Wallet solution has three account types, each with its own set of criteria that you should be aware of:
| Customer | Inflow Limit per day | Outflow limit | Wallet Capacity | Requirement |
| USSD/Mobile | ||||
| Firstmonie Classic | N50,000 | 50,000/50,000 | 300,000 | Name, Mobile Number, Date of Birth |
| Firstmonie Gold | N200,000 | 100,000/200,000 | 500,000 | BVN and Valid means of Identification (e.g. Voters’ Card) |
| Firstmonie Platinum | N5,000,000 | 100,000/1,000,000 | 10,000,000 | Comply with KYC requirements contained in CBN AML/CFT Regulation, 2009 |
Conclusion
Overall, the Firstmonie wallet by FirstBank is a useful tool that can help you manage your money more efficiently and securely.