How To Open A First Bank Current Account In Nigeria 2020 - Updated

Written By Admin

Here is a tutorial, guides and steps for on how to open first bank current account in Nigeria and how they will go about it.

Before visiting any First bank branch nationwide or in your area to open a Current account; here are the necessary things to bear in mind.

With First Bank’s current account, you just can’t go wrong. But you can carry out unlimited transactions when it’s come to 3rd party transactions and you also enjoy the inherent benefits.

First Bank Current account opening
First Bank Current account opening in Nigeria
Current Account Opening in First Bank Nigeria
Guides to Open a First Bank Current Account
Current Account Opening in First Bank Acount
Open a First Bank Account Easily
Step to Open A bank Account

Features of First Bank Current account opening

for you to open current account, you must have Minimum opening balance of N5,000” for individuals while “N10,000 for corporates” Thereafter, no minimum operating balance (i.e account can be operated at zero balance). You have No limit to the number of withdrawals per month. The current account attracts Account Maintenance Fee (AMF) and other charges which will be deducted at the end of every month. You can make Funds transfer and also issue bank cheques or drafts with your account. Inter-branch transactions to account owner and to third parties are allowed in this type of account.

What are the Documents needed for you to Open First Bank Current Account.

You must complete the “Account Opening Form” with accurate information.
You must duly complete “Specimen Signature card”.
Two (2) recent passport sized photographs is required.
You must provide Utility Bill for home address verification purpose.
Valid means of identification: National ID card International Passport or Driver's License.

The Benefits of First Bank Current account opening In Nigeria

There is “No restrictions on number of withdrawals” in this type of account.

You will have “Access to any of the numerous products that First bank has.
You can use this type of account to access loans
You can issue cheque books which are valid for clearing nationwide.

Who Can Apply?

Individuals & Corporate
You must be aged 18 or older.
You must have a valid means of identification alongside all required documents below.

What Documents do You Need to open First bank Current Account?

Duly completed Account Opening Form.
Duly completed Specimen Signature card.

In our Next article I will discuss on the types of First Bank Account In Nigeria

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