How to Open Account in First Bank, Nigeria: Complete Process

The system of opening account in First Bank in Nigeria has modernized as technology kept advancing day after day, Nigeria bank operative systems has grown wide unlike 10 years ago. This article will educate you the current process of opening new account in First Bank of Nigeria. All the Nigeria banks has advanced in the mode of bank opening process and Firs Bank is not an exception, there are now new system and mode of operating which you should be aware of. the process of opening account has now made easy in Nigeria by first bank.

 

Before opening new account in First Bank there are some requirements which each of every bank required to operate an account in their bank. we have also included the required document you should get ready for firstbank account opening on this post.

On this article we are also going to look at process of opening all the account Nigeria banks offers such as saving account, domiciliary account, current account, so just seat and relax as we get you through process in which one can open new account in First Bank, Nigeria.

How To Open Saving Account In First Bank Nigeria

First Bank is Nigeria most popular bank as it stand, having millions of active customers. First bank was establish in 1974 known as Nigeria no 1 bank that offer the service of safe savings. The process of opening account in First Bank is easy and straight forward depending on the account you want to open.

Saving account enable user firstbank to save their money and withdral it when ever it needed. This account is one most common account in Nigeria, it warrant you to save any amount and also allow you to collect it when ever you have use for it. Opening Saving account is now free in First Bank, This mean that first bank system no longer required any opening fee to open new saving account as it was years back.

Process of opening saving account in First Bank Nigeria

• Go to any first bank branch in your area
• Meet the customer care in any first bank branches and indicate your interest in opening new account, and collect the account opening form
• Fill the saving account form immediately and submit it, Though you have an option of taking the form home if there is a need to.
•  After submitting the form, First Bank will open your saving account immediately and give you your account number without any waste of time.

Requirement to open account in First Bank Nigeria

Let look at the requirements of opening saving account in firstbank Nigeria.

1. 2 Passport photocopy
2.  Any Utility bill (such as Electricity bill receipt) – paid or not it accepted
3. Bank Verification Number ( BVN ) If you don’t have already, you can simply apply with them.
4. Identity Card ( any government issued ID card is accepted such as Voters Card, Driving License, National ID card e.t.c)

Note: you must use the same address in you utility bill as your personal home address while filling the form or it won’t be accepted, and in some cases First Bank will send some vendors to verify your address if really you stays there.

Tip: You won’t be inform when First Bank vendors want to visit you for the address verification, this process is to verify that you really stay in the address you gave while filling the form. In some cases this process must be carrid out before your account could be active for usage.

Note that If they couldn’t verify your address your account will be freezed automatically for security reasons, so make sure you stays in the address which is in your utility bill and form.

How to open First Bank Savings account online in Nigeria

First bank has granted Nigerians the access of opening account online easily without stress, this process warrant you to visit their account opening website and fill the registration form.

How to open First Bank saving account online

The process of opening first bank account will not be totally completed online, it still required you to visit firstbank branch closer to you to complete the process, but in this case you will be able to have some steps done online before going to the bank hall to fanilize it..

• To open a FirstSavings Plus account,
• Download the form here 
• Complete the form and include the accompanying documents, then submit it at the nearest Firstbank branch.

How to open Current account in First Bank Nigeria

With FirstBank’s current account, you just can’t go wrong. The firstbank current account allow you to carry out unlimited 3rd party transactions seamlessly and enjoy the inherent benefits.

The process of opening this account is not difficult as it might sound to be, just follow this steps below.

Go to the nearest firstbank branch and request for current account, a form will be giving to you to complete. You should carefully fill this form and submit it back to them within a short period.

Requirements of Opening First Bank Current Account

1. Minimum opening balance of N5,000 for individuals and N10,000 for corporates
2. Duly completed Account Opening Form
3. Valid means of identification: National ID card International Passport or Driver’s License
4. Duly completed Specimen Signature card
5. Two (2) recent passport sized photographs
6. Address verification document e.g Utility Bill

Benefit of First Bank Current Account

• No minimum operating balance (account can be operated at zero balance)
• No limit to number of withdrawals in a month
• No restrictions on number of withdrawals
• Access for any of the numerous bank’s products
• Can be used to access loans
• Issuance of cheque books valid for clearing nationwide
• Attracts Account Maintenance Fee (AMF) and other charges
• Funds transfer and bank cheques/drafts allowed on account
• Inter-branch transactions – account owner and third parties are allowed

How To Open Firstbank Domiciliary Account In Nigeria

Firstbank domiciliary account is an account that allows Nigerians to save in US Dollars, Pounds Sterling or Euro currencies; with your money valued at the prevailing exchange rate. It facilitates your international business transactions easily. You can open firstbank domicilary account easily following this steps.

Features of First Bank Domiciliary Account

Before we head to the process of opening domiciliary account in First Bank Nigeria, let quickly look at some of it features.

1. No limit to number of withdrawals in a month
2. Cash withdrawals from an initially deposited cash will attract a 0.5% commission
3. Cash withdrawals from a cash inflow or funds transfers (credits) attracts a 1% commission
4. Inter sol transactions (account owner only) are allowed.

Benefits of First Bank Domiciliary Account

It will not be right if we don’t also look at the benefit one can get from firstbank domiciliary account. below are the benefits a First Bank domiciliary account holder stand to enjoy.

1. Attractive pool for interest on bank fund
2. Guaranteed FCY deposit
3. Inter sol withdrawal (account holder only) allowed
4. No restrictions on number of withdrawals

Documents to Open Firstbank Domiciliary Account in Nigeria

Now that we have look at the firstbank domiciliary account features and benefit, lets proceed to requirements of opening domiciliary account in first bank Nigeria. Please note that all the required document are subjection to change at any time, but we promise to always keep this post up to date with latest info new account openning requirements i Firstbank .

1. Duly completed Account Opening Form
2. Two (2) recent passport photographs
3. Address verification document: Utility Bill
4. Duly completed specimen signature card
5. Valid means of identification e.g. International passport, Driver’s
6. Resident permit
7. license or National ID card

Steps of Opening Domiciliary Account in Firstbank

• To open an Individual Domiciliary account,
• Download the Individual Account Opening Form
• For joint account holders, download the Joint Account Holder Form
• Complete the form and submit at the nearest

 This is the complete process of opening first bank account in Nigeria.