Mobile banking is a secure, convenient and affordable way to carry out bank transactions from mobile phones at your comfort zone. All transactions are done through your mobile money account or mobile wallet. Mobile banking will be helpful in rural areas where commercial banks are not located.
How to open and activate mobile money account
The most important requirement is your mobile phone and active network. Visit your bank to find out the process of registering and follow the instruction to activate mobile money. You can rather do it yourself by following the processes as discussed here. The two ways to carry out the transactions are through SMS and Mobile Application.
Transactions through SMS
Banks use different codes to register for their Mobile Money service, but each bank uses the same code across different networks. The network(s) that partner with the banks for mobile banking don't charge for SMS. You can confirm this when registration and activation of mobile account is successful with zero balance, using the SMS code.
Transactions through Mobile Application
Download the application to Internet-enabled phone, run it and register for mobile account. If you have registered through SMS code, just activate the application and other channels. You are not charged for accessing your account.
Benefits of Mobile Money
* Airtime recharge. You can recharge any networks
* Payment of bills such as electricity, satellite TV bills, etc.
* Deposit and withdrawal of funds.
* Send and receive cash. You can send money to others whether they have bank account or not and receive money into your mobile wallet as well.
* Intra and inter bank transactions.
* Payment for purchases.
Charges associated with Mobile Money transactions
* You are not charged when you buy recharge card
* You are not charged when you fund or receive money into the account
* You are not charged when you login to your account through Mobile Money application
But charges are minimum compared to other means of transactions when:
* You send money to other bank's account
* You pay bills and for the items purchased online
* SMS charges may apply, but not all networks.
Steps for registering and activating Mobile Banking
* Get a sim already installed with mobile money features or activate your current SIM.
* Download and install mobile money application.
* Register and activate by following the prompts and instructions.
* Link your mobile wallet to your bank account in order to remove some restrictions.
* Your phone number becomes your mobile money account.
About becoming Mobile Money Agent
First bank offers the opportunity for interested individuals who want to become FIRSTMONIE agent. Visit the bank to register as an agent if you want to act as the bank's representative for registering subscribers and rendering mobile banking services such cash-in, cash-out, bill payment and fund transfer for handsome commissions. The agent will also have access to training, branding and marketing for efficiency in service delivery.
Follow the links below to register and activate mobile money acount and to download mobile applications of banks.
First Bank
Fidelity bank
FCMB
Gtbank
Heritage Bank
Zenith
Wema Bank
Unity Bank
UBA
Union Bank
Sterling Bank
Standard Chartered Bank
Itunes
Stanbic IBCT
Skye Bank
Access Bank
Ecobank
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