First Bank of Nigeria charges 2026: ATM, transfer, card and USSD
Verified 2026-07-03 · CBN Guide to Charges (no own tariff PDF)
How much does First Bank charge for transfers and ATM?
First Bank's regulated charges follow the CBN Guide, which standardises them across Nigerian banks: transfers cost ₦10 / ₦25 / ₦50 by amount band, other-bank ATM is ₦100 per ₦20,000, and card maintenance is ₦0 on a current-account Naira card. What is specific to First Bank is its USSD channel (*894#), since it does not publish its own consolidated tariff. Verified 2026-07-03.
What's specific to First Bank
First Bank does not publish a consolidated tariff PDF on its domain — only scattered fees on its FAQ page (not a tariff document). We therefore show the CBN Guide figures it is bound by and flag First-Bank-specific items as 'verify with First Bank'.
- No consolidated tariff PDF — regulated charges follow the CBN Guide below; confirm bank-specific items with First Bank.
- USSD code *894#.
| *894# channel | Fee |
|---|---|
| USSD banking | *894# |
First Bank ATM, transfer and card charges (CBN schedule)
These regulated charges are set by the CBN Guide and are the same across banks — First Bank applies them as the maximums below. The April 2026 CBN draft would change some, but is not yet law.
| Charge | Amount (CBN maximum) |
|---|---|
| ATM withdrawal — your own bank | No charge |
| ATM withdrawal — another bank (in Nigeria) | ₦100 per ₦20,000 (on-site); off-site adds a surcharge up to ₦500 |
| ATM withdrawal — international | Exact cost by the international acquirer (cost recovery) |
| Electronic transfer (NIP / instant) | ₦10 (≤₦5,000) · ₦25 (₦5,001–₦50,000) · ₦50 (over ₦50,000) |
| RTGS (large-value transfer) | ₦950 |
| Debit card issuance | ₦1,000 one-off (Naira card) |
| Card replacement / renewal | ₦1,000 one-off |
| Card maintenance | ₦0 on current-account Naira cards; up to ₦50/quarter on savings cards; $10/yr on FX cards |
| Account maintenance (CAMF) | Up to ₦1 per mille on current-account third-party debits (₦1 per ₦1,000); not on savings accounts |
| SMS alert | Cost recovery, up to ₦4 per SMS (customer-induced only); email alerts free |
| Account statement | Monthly statement free; special request up to ₦20/page |
| Reference / status letter | ₦500 per request |
Statement, reference-letter and account-opening lines are not itemised in the core CBN Guide for this bank; confirm any bank-specific item with the branch.
What is the First Bank Tier 1 account limit?
Nigerian bank accounts sit on the CBN 3-Tier KYC framework — a different regulation from the Guide to Charges, so no bank tariff PDF restates these. The specific limits have been revised and vary by source; confirm your current tier limit with your bank. First Bank's own tariff document does not state KYC-tier limits — they are set by the CBN 3-Tier KYC framework. Historically Tier 1 capped single deposits around ₦50,000 and the balance around ₦300,000; confirm your current First Bank tier limit in the app or at a branch.