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BANKING · QUARTERLYas of 2026-07-28

First Bank of Nigeria: USSD Code, Transfer Charges, SWIFT Code & Rates

Commercial bank · FirstBank · 120 Lagos branches · ₦5M NDIC coverage

AT A GLANCE
SWIFT
FBNINGLA
USSD
*894#
Savings rate
1.5–3.75%
Fixed deposit
13–20%
WHY THIS BANK

Dem get the most branch — 800+ for whole Nigeria, 120+ for Lagos. Best for person wey like go bank.

Na the oldest and biggest bank for Nigeria if you talk about branch. 800+ branch, 3,000+ ATM for the whole country. Government salary and pension dey pass through am.

ABOUT First Bank of Nigeria
Bank profile · we don verify am

First Bank of Nigeria na Commercial bank (CBN license, NDIC dey insure am) wey dem start for 1894 (132 years ago), and na FBN Holdings dey operate am. For 2026 e dey serve about 40M+ customers through 750 branch nationwide.

Dem start am
1894 · 132 years dey serve Nigerians
Owner company
FBN Holdings
Customer base
40M+
Branch for Nigeria
750
Bank type
Commercial bank (CBN license, NDIC dey insure am)
Website
firstbanknigeria.com
HEAD OFFICE
First Bank of Nigeria headquarters
Address
Samuel Asabia House, 35 Marina, Lagos Island, Lagos, Lagos
CHARGES
CBN-regulated · effective May 2026
Transfer <₦5,000
FREE
Transfer ₦5,000–₦50,000
₦10
Transfer >₦50,000
₦50
SMS alert
₦6 / SMS
Email alert
FREE
ATM card issuance
₦1,500
ATM card maintenance· scrapped May 2026
FREE
Virtual card
FREE
Current acct maintenance· ₦0 from 2027
₦0.5/₦1,000
Hardware token
₦2,500
Min opening balance
₦0
NDIC coverage
₦5M NDIC coverage
TRUE YEARLY COST
at typical use

If you dey do 20 transfer, 4 other-bank ATM visit, and 30 SMS alert every month:

FirstBank4,560/year

₦2,160 more than Kuda (₦2,400/yr). That na 0 bags of rice.

Compare with all 23 bank →
HOW TO OPEN ACCOUNT

Time to open: 15 minute · Online through app

UNIQUE FEATURES
Oldest bank in Nigeria

Dem found am 1894 as Bank of British West Africa. 130+ years of continuous operation.

FirstMobile

One of the most-used bank app for Nigeria — 6M+ active user every month.

FirstGem

Banking for women — special savings product, business loan, and networking event.

Widest branch network

~750 branch nationwide — the biggest for any Nigerian bank, cover secondary city and rural market.

LAGOS BRANCHES · SORT CODES
3 branches
BranchAreaSort code
First Bank Ikeja
Obafemi Awolowo Way
Ikeja011-151089
First Bank Marina HQ
35 Marina
Lagos Island011-151001
First Bank Victoria Island
Adeola Odeku St
Victoria Island011-151134
APP RATINGS & CONTACT
iOS rating
4.2 / 5
Android rating
4 / 5
Lagos branches
120
Lagos ATMs
450
QUESTIONS PEOPLE DEY ASK PASS
Answer about First Bank of Nigeria
Wetin be First Bank of Nigeria USSD code?
First Bank of Nigeria USSD banking code na *894#. Dial am from any phone wey link with your account to transfer money, check balance, buy airtime, or pay bills — no data or app need.
Wetin be First Bank of Nigeria SWIFT / BIC code?
First Bank of Nigeria SWIFT/BIC code na FBNINGLA. Use am when you dey collect international wire transfer to your First Bank of Nigeria account.
Wetin be First Bank of Nigeria transfer charges?
bankingDetail.faqTransferA
Wetin be First Bank of Nigeria savings account interest rate?
First Bank of Nigeria dey pay 1.5%–3.75% per year on savings account balance (as of 2026). Real rate depend on balance tier and account type.
Wetin be First Bank of Nigeria fixed deposit rate?
First Bank of Nigeria dey offer 13%–20% on fixed deposit, e depend on tenor (30, 60, 90, 180 or 365 days). Higher amount and longer tenor go earn better rate.
Where First Bank of Nigeria head office dey?
First Bank of Nigeria headquarters dey at Samuel Asabia House, 35 Marina, Lagos Island, Lagos, Lagos, Nigeria.
NDIC dey insure First Bank of Nigeria?
Yes. Deposit for First Bank of Nigeria dey insured by Nigeria Deposit Insurance Corporation (NDIC) up to ₦5,000,000 per depositor per bank.
How I fit contact First Bank of Nigeria customer service?
Website: firstbanknigeria.com. Phone: —. Head office visit: Lagos Island, Lagos.
COMPARE WITH OTHERS
FeatureFirstBankKudaGTB
SMS fee₦6FREE₦4
Transfer ₦5K-₦50K₦10₦10₦10
Savings rate3.75%12%4%
NDIC₦5M₦2M₦5M
App rating4.2/54.5/54.8/5
Yearly cost₦4,560₦2,400₦3,840
RELATED
SWIFT CODE
FBNINGLA

For international transfer — see which remittance platform dey give the most naira.

SAVINGS vs STOCKS
3.75% vs NGX +55% YTD

Where ₦1M dey grow faster — savings or NGX stock?

IN RICE BAGS
₦4,560 = 0.1 bags rice

Yearly banking charge for Lagos market term.

Back to all 23 bank wey we compare