RTOD is aimed at providing customers with flexible temporary overdraft to meet urgent business financial needs.
Features of TOD include:
Benefits of TOD include:
The Retail Temporary Overdraft can be accessed in two ways:
Digitally – Customers can apply for the Retail Temporary Overdraft at their convenience via our FirstOnline platform. Click the link below to get onboarded and begin your journey towards financial freedom. https://ibankonline.firstbanknigeria.com
In branch – Visit any of our branches to apply.
SMEs with regular cash flow who have maintained an account with First Bank in the last 6 months or 12 months in another commercial bank.
N10million monthly subject to 10% of the customer’s last 6 months credit turnover.
Yes, if the personal account is used to lodge your business proceed. However, you can only take TOD two times, after which you are required to open an account with your registered business name to continue to enjoy the facility.
Useful for urgent financing needs and available throughout the year.
Terms and conditions apply.