How To Transfer Money From First Bank To Another Bank Using 894#

To transfer money from first bank to another bank just got easier as you can able to perform any money transaction on your mobile phone without the need for internet connection or internet data.

I can recall that any money transaction on mobile is just for airtime recharge and nothing again but recently many banks added new things which includes transferring money or funds from one bank to another through a USSD CODE which first bank recently introduced. 

With USSD code mobile money transfer service, there is no need for you to queue up at the banking hall just to deposit small amount of money. It’s fast, convenient and secure.

Features of First Bank *894# 

>> All services can be performed using ANY type of phone (feature and smart phones). 

>> The number being used to access the service must be the number registered with First bank. 

>> Money is deducted directly from your bank account. 

>> Allows you select the account you want to transact on if you have more than one accoun in the bank. 

User Enrollment 

>> Simply dial *894*0#

>>A list of masked debit card numbers linked to your account is displayed

>>Select your preferred debit card

>>Enter the 4-digit Personal Identification Number (PIN) for the selected debit card

>>Create a new 5-digit PIN

>>Your number is now LIVE on the FirstBank USSD Quick Banking Service

Without a Debit ATM Card 

1. Simply dial; *894*0#

2  Provide your 10-digit FirstBank account number. 

3  Create a new 5-digit Personal Identification Number (PIN). 

4. Your number is now LIVE on the FirstBank USSD Quick Banking Service. 

You don't have to fear if without atm is secured, both with or without atm card are secured as long as you have your private or personal identification number or pin code. 

Benefits 

1. It is the fastest , most convenient

2  Money can be transferred anywhere, anytime(24/7) and on-the-go. 

3. Works on all types of GSM mobile phone handsets. 

4. Transaction takes not more than 10-15 seconds to complete. 

5. Beneficiary's account name and number are always displaced for your confirmation before completing the transfer. 

6. Funds are instantly sent and the beneficiary receives the money instantly. 

7. There is no minimum single transaction amount

Maximum single transaction amount is N100,000. 

Features 

1. There is no minimum single transaction amount. 

2. Maximum single transaction amount is N100,000. 

3. Daily transfer limit is N100,000. 

4. All fund transfer transactions require PIN.

5. Instant transaction alerts. 

6.With 894, you can transfer money within FirstBank and to other Nigerian banks.

How To Transfer Money From First Bank To Another Bank Using 894# 

First you should know that you can't use any sim other than the sim card or number used in creating or opening bank account with first bank or any other bank(s). First let's go through the option menu when you dial *894#.

1.Dial *894*Amount*Account Number# (For example -  Dial *894*5000*1234567890# to send N5,000 to account number 1234567890).

2. Select the bank you are Transferring to

Confirm beneficiary’s name, amount, and enter your 5-digit PIN.

3. Your accounts are displayed for selection, (if you have more than one account with FirstBank). 

4. Select account to you want to Transfer from

Transaction is processed and completed. 

So this is the guideline to transfer money from first bank to another bank using *894# USSD CODE. 

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Fraud In Banks - Types, Causes, Effects and Prevention

Fraud In Banks - Types, Causes, Effects and Prevention 

Fraud is a universal financial word. It's occurrence or perpetration is not limited to this country as we are popularly known for corruption. It is a criminal act yet highly favoured by a good number of people in this country esp the rich and well placed.

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How To Check Your BVN Number Online

Most of us have done our bank verification number(bvn) long time ago and have forgotten our bvn number and going to the bank to check it might be stressful for us. There are many ways to check our bvn number right now which can be checking of bvn number online, through our network providers.

We have the best and fastest way to check our bvn number especially if you are in a condition that requires you to fill in your bvn number and you can't seems to remember it or where you saved it. The easy and fastest way is to check it with your mobile phone as it doesn't require any internet connection but rather a token of airtime.

How To Check Your BVN Number Online

Right now you can't check your bank verification number bvn online  but rather through this code *565*0# which is way better and faster than any other methods you known to you.

Note you can check your bvn on mtn, etisalat, airtel and Glo and like i said before, a little amount of money will be deducted from your account(airtime or credit) and you will immediately receive your bvn straight to your phone.

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First Bank Nigeria Online/Internet Banking Procedure

First Bank Nigeria online or Internet banking aka FirstOnline, allows First Bank of Nigeria customers to perform banking transactions via the Internet, without the waiting and restrictions associated with branch banking. You can send money, pay bills, view your transactions and many more on the internet banking platform.

The platform offers some self services that allows users to request for first bank token, first bank POS machine etc online. Users can also pay bills and manage their First bank cards on the platform. There is also First Bank PayPal wallet that allows you to easily create a PayPal account with your First bank debit card.

BENEFITS OF FIRST BANK INTERNET BANKING

1. View account balances

2.  View and print statement of account

3. Transfer funds between your accounts

4. Transfer funds to 3rd party accounts within FirstBank

First Bank Nigeria Online/Internet Banking Procedure 

Pick a copy of the form  at the nearest First Bank branch office.

Fill and submit the form to firstcontact@firstbanknigeria.com or at any of the bank’s branches nationwide.

In the form, you will be required to enter your First bank account details and your personal details including the email address they will send your FirstOnline login details to. You will also be required to enter the username you want to use for FirstOnline. Within 48 hours, you should receive a feedback.

Once approved, you will receive an email containing your First bank internet banking ID and another email containing your First bank internet banking password. Thereafter, you can proceed to sign in and change the default password.

HOW TO SIGN IN TO FIRST BANK INTERNET BANKING

You can login by going through First bank nigeria website,  You will be required to enter your FirstOnline username. Thereafter, you will enter your Firstonline password. Once successfully signed in, you will see the First Bank Internet Banking dashboard. 

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Detailed Guideline On Gtbank Internet Banking Registration And Login

Gtbank is one of the population and strong bank in Nigeria which helps Gtbank customers to perform transaction online through gtbank internet banking website. 

I've always recommend internet banking to all bank account holders as it helps to perform money transfer or transaction faster and at your convenience time without any stress. Also when it comes to online/internet banking in Nigeria, gtbank internet banking is one of the best and also one of the fastest though recently their servers is overloaded and sometimes one might experience server not available.

If you are one of Gtbank account holder and would like to create or register for gtbank internet banking below is the procedure and benefits.

Advantages of Gtbank Online/Internet banking 

1. 24/7 available which enables you to perform money transfer or transaction during midnight. 

2. Able to transfer money at your comfort home or working place. 

3. Easy Access to bank information and products.

Gtbank Internet Banking Registration Procedure 

1. Go to a guaranty trust bank(gtbank) and meet any of their customer service and request for online or internet banking form. 

2. They will issue the form for you to fill. Fill all the necessary and required details like to provide your GTBank account number & name, your email address, the accounts to be profiled for internet banking, the internet banking services to be profiled on your accounts etc

3. Submit it back to the customer service and he/she will go through it. 

4. Once your registration has been approved, your account will be profiled and your GTBank internet banking credentials will be sent to your account's email address. 

How To Get or Change Your GTBank Internet Banking User ID and Password

1. After the registration and the bank confirming your registration, your gtbank internet banking id and password will be sent to your email and to which you will be required to change it within a space of two hours(2hrs).

2. But sometimes you might not receive the id and password to your email, and what you have to do is to go to Gtbank website and click on online banking /internet banking and click on Register for gtbank internet banking. Fill in your username and password. 

How to Login to Gtbank Online/Internet banking with ID and Password 

1.After you have changed your Gtbank ID and password, next is to login to your gtbank internet banking. 

2. Go to Gtbank website and click on Internet banking, click login and enter your id and password. 

3. If successfully logged in, you will see your GTBank internet banking dashboard where you can check your account balance, transfer money, pay bills etc

And this is how to register for gtbank internet banking and also login to your gtbank online banking or mobile banking. 

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Online Banking - Definition, Features, Advantages And Disadvantages

You have been hearing about online banking which you might be using it or not, didn't really understand what it is all about like it's definition, features, advantages and disadvantages.

In this post, i will educate you on online banking, why it was introduced, it's purpose and the reason why it is necessary to open or create online banking or internet banking for your savings account, current account or joint account.

Online Banking Definition 

This is the very first question one will ask "what is online banking". Online banking or internet banking is the process by which a person or a bank account holder execute financial transactions via the internet. 

According to Wikipedia, online banking or internet banking or e-banking is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website. 

Bet you with this definition you have understood what is the meaning of online banking or internet banking which requires data connection to perform any transaction. 

Purpose of Online Banking 

One purpose of online banking is to allow people to keep track of their finances as well as make transactions from the comfort of their home. Just imagine performing transaction from your home, sending money to anyone from your home or paying your bills at any given hour from your home or any other place. 

Features of Online Banking/Internet Banking 

The common features of online banking are listed below 

1. Viewing account balances

2  Viewing recent transactions

3. Downloading bank statements, for example in PDF format

4. Viewing images of paid cheques

5. Ordering cheque books

6. Paying third parties, including bill payments and third party fund transfers. 

Advantages of Online Banking 

1. Access anywhere

2. Less time consuming

3. Helps to transfer the money immediately and accurately

4. Saves Time for the account holder. 

5. Permanent access to the bank

6. It is available 24/7. There are places in this world that you can't access the bank at any time, but with online banking it is available at any you want to perform your transaction. 

Disadvantages of Online Banking 

1. Online banking requires internet connection to work, if you don't have internet connection with data bundle in it or a working WiFi, it won't work. 

2. Another huge disadvantage is server problem. If your bank server is down or too poor or overloaded, it might be difficult to access it. 

3. Many a times, you won't know if your transaction is a successful one or not, and will require the person to call whom he or she is transacting with. 

Online Banking Enrollment 

1. If you want to enroll for online banking or internet banking today, the first thing to do is to go to your bank. 

2. Meet with the customer service and tell them you want to enroll for online banking or internet banking. 

3. You will be giving a form to fill, it will require your account number with the bank and other details to fill in( depends on your bank and country). 

4. Afterwards you should submit the form to the customer service and they will go through it and do other necessary things. 

5. You will be given another paper which contains your online banking or internet banking details like the username and password. 

6. You will have to change the password immediately or within 2hrs if not you will start afresh. 

That's is it for online banking, features, advantages and disadvantages and how to enroll for internet banking 

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Top 5 Best Customer Service Bank in Nigeria 2017

Customer service is a major feature a bank should possess though many banks in Nigeria lacks it. A bank with good customer service gets good reputation and this also includes other business sector as it helps to grow one's business.

Have you ever been to a bank in Nigeria and the customer service will ignore your question or not calm when answering to your problem. This can be annoying for any customer and this made me to check almost all the banks in Nigeria and their customer services.

Top 5 Best Customer Service Bank in Nigeria 2017 

Please note that I'm writing this based on the research i made and to which other people from different regions also researched on. 

1. Guaranty Trust Bank(Gtbank) 

When it comes to customer service Gtbank is the number one in Nigeria and current winner of best customer service in Nigeria. I'd you have any problem Gtbank customer service is there to help you out and even their call cent is always readily available to your problems or questions. 

In a survey titled “Africa Banking Industry Customer Satisfaction Survey” conducted by KPMG, the Guaranty Trust Bank has emerged the most successful in term of its Customer Service. 

2. Zenith Bank PLC 

Zenith bank is the second after Guaranty Trust Bank, zenith Bank Plc has  been  rated Nigeria’s most  customer-focused bank by  KPMG in 2016 but came second in this year survey. The Zenith brand has also maintained a consistent track record of performance in several parameters including profitability and liquidity managerial competence.

3. Stanbic IBTC Bank 

Stanbic IBTC came 3rd in best customer service bank in Nigeria. The bank customer service is very nice and which also includes their online services. Static IBTC bank isn't one of popular banks in Nigeria with the likes of Gtbank or zenith but their services are nice. 

4. Access Bank Nigeria 

Access bank have a good customer services which i think should be number one, but because the bank isn't so popular and versatile, is not on KPMG best customer service bank in Nigeria. But i will tell you that their customer service is superb that you will feel very free to let out your problem or questions. 

5. Diamond Bank PLC 

The last on the list. Diamond bank customer service is quite okay for me, though some say that they are arrogant and tends not to full attend to customers that they don't know or have little influence in the bank. But diamond bank in my area is okay with well mannered workers. 

So that's the list of top 5 best customer service bank in Nigeria 2017 and you can add yours if you doubt the list thanks. 

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Garnishee Order In Banking And Best Way To Stop IRS Garnishment

This article will educate you on garnishee order in banking and best way to stop irs garnishment of your wages or salary. 

A Garnishee order is an order of the court obtained by a judgment creditor attaching funds in the hands of a third person who owes money to the judgment debtor. It can also be defined as an oder from the court, obtained by a judgment creditor ordering that a debtor owing or accruing due from a third party to the judgment debtor at the time of service of the order be paid to the judgement creditor through the court.

An example of garnishee order in banking,  let's assume that Arsenal FC owes Henry €5000.00 and Henry obtained a court judgment against Arsenal FC to pay Henry the €5000.00. Let's us assume that Arsenal FC has account with Gtbank, and there's a credit balance in his account with Gtbank. Henry can obtain a garnishee order against Arsenal FC credit balance in his account with Gtbank. For this example, Arsenal FC is the judgment debtor, Henry is the judgment creditor while Gtbank is the third party or the garnishee. 

Types of Garnishee Order 

1. Garnishee Order Nisi: under this, the oder may attach all money owing by the third party to the judgment debtor or for a limited sum of money. An order Nisi is only an interim order which though it attaches the sum immediately the third party should not pay the sum required over to the court until the order is made absolute. 

2. Garnishee Summons : The receipt of a garnishee summons means that the the third party should pay the judgment debtor's money over to the court as stipulated. 

When a third party e.g a bank receives a garnishee order, he must do the following 

>>> If the order was received at the bank's head office, the branch where the customer has an account should be informed immediately. 

>>>The customer should be informed about the order and his admission or denial of the debt should be sort in writing. 

>>> If the customer's account is in debt, then the order should be withdrawn by the judgment creditor's solicitors since no money is attached. 

>>> If the order is for limited amount, then the amount involved plus charges should be kept in a separate suspense account so that the account can continue without stopping it. 

>>> However, if the order attaches all debts owing or accruing due to the customer without limit, then the account should be stopped. 

As soon as the order is received by the bank, the bank should set off all the customer's account excluding the a loan account. 

Best Way to Stop IRS Garnishment 

IRS is a body that has the power to legally seize any income you make to satisfy federal tax debt or taxes owed, which can be wages, salary, commissions, and bonuses. The difference between the IRS and most creditors, however, is that the IRS does not need to take you to court to get a judgment in order to garnish your wages, and the IRS can garnish more of your wages than a regular creditor can garnish.

So the best way to stop IRS Garnishment on your wages, salary applies below 

1. Uncollectible Due to Financial Hardship: If you can prove to the IRS that a wage garnishment or other collection action would prevent you from meeting the basic needs of you and your family, then the IRS may temporarily cease its collections efforts for months and even years. In this case, you must show that collection of the debt would be unfair because your financial circumstances are so bad. The IRS will require financials.

2. Pay Taxes in Full: Once you pay your  taxes in full, the wage garnishment will immediately stop.

3. Enter Into an Installment Agreement: An installment agreement is a plan between you and the IRS that says you will pay your tax debt in monthly increments until everything has been completely settled. Once you have an installment agreement accepted by the IRS, the wage garnishment will be stopped. You will remain in good standing with the IRS as long as you keep up on your monthly payments and do not default on your agreement. The IRS prefers this method to be used if taxes cannot be paid in full.

4. Make them an offer they can’t refuse(compromise): This isn’t easy to get, but it’s worth a try. Basically, this is a situation where you get the IRS to accept less than what you owe. Before going down this road, you would be smart to hire a good tax attorney who has a lot of experience dealing with similar problems.

Hope you learnt something about garnishee order in banking and also how to stop irs Garnishment of your wages and salary, and don't forget to use the share buttons thanks. 

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Guide To Open GTBank Domiciliary Account

Guide To Open GTBank Domiciliary Account

Are you confused on how to open a domiciliary account with Gtbank, in this post, i will educate you on how to open Gtbank domiciliary account in Nigeria. But mind you this doesn't entail just with Gtbank bank, but other banks in Nigeria.

What is Domiciliary Account 

Domiciliary account is a type of current account which operates in a foreign currency, which could be US Dollars, Pounds Sterling or Euro. Domi account is an account that enables you to fund in foreign currency and can be used for business transactions. 

Importance of Domiciliary Account 

1. The number one importance of domiciliary account is that it operates in foreign currency which helps people to obtain money in a foreign currency like dollar, Pounds and Euro. 

2. Domiciliary account helps one to transact international business faster. 

3. Though we have PayPal, with domiciliary account, you can easily transfer money to your family or friends abroad through Internet banking. 

Gtbank is one of the banks that i will recommend to people that wants to open a domiciliary account. To open a domiciliary account with Gtbank is so easy than any other banks in Nigeria, and the cost is not high. 

Requirements to open a domiciliary account with Gtbank 

Identification Card – this is  your driver’s licence or international passport or national identity card.

2 passport Photos  – two recently taken passport photographs are need

2 Referees – two persons that would serve as referee and fill each of the two reference forms that will be issued to you are required. Both referees need to have a current account each preferably with GTbank to facilitate opening of the account.

Copy of NEPA/PHCN Bill – photocopy of your utility bill issued in not more than three months ago is required. PHCN bill, telephone bill, sanitary bill or Water bill; any one of them can serve.

Little Amount of Money - before the domiciliary account will be activated, you need to deposit a minimum of 100 dollars into the account. 

How to Open Gtbank Domiciliary Account with Gtbank 

>>> With the above ready, head to any Gtbank branch near you, approach their customer service and tell them that you want to open a domiciliary account. 

>>> Sometimes it is good to have a Gtbank savings account before opening a domi account with them. And if you don't have an account with them, they might ask you to open one and same time with the domiciliary account. 

>>> After that, you will be given a foreign currency account opening form, specimen signature card, two reference forms for you and your referee to fill.

>>> If your two referees are with you, they are required to sign on the form, but if they are not with you then you have no option but to take it home. Note your referees must have current account with Gtbank. 

>>> After proper filling of the forms, go back to GTbank and submitted the forms.

>>>  Within 48hours, you will receive an SMS from them informing you that your domiciliary account has been open with your account number.

>>> Please, once you receive the SMS; go back again to the bank and deposit $ 100 into account to activate your new domiciliary account.

Problem that associate with opening domiciliary account with Gtbank 

The two referees must have a Gtbank current account. It is easier to get gtbank customer with savings account than with current account, making it difficult to create a domiciliary account with Gtbank. 

In this case, people tends to ask the bankers working in gtbank to help or assist them and this a time requires a token from the customer to be able to have a referees. 

So this is how to open a domiciliary account with Gtbank(Guarantee Trust Bank) and don't forget to use the share buttons below and share with your family and friends. 

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