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Funtech
Funtech is an International Money Transfer service that allows customer receive funds from their families, friends, partners and loved ones directly into their FirstBank accounts.
Product Information
Funtech is an International Money Transfer service that allows customer receive funds from their families, friends, partners and loved ones directly into their FirstBank accounts.
Funtech has a large network of agents predominantly in the United Kingdom and Europe. It is licensed by the Central Bank of Nigeria to operate the Money Transfer business in Nigeria.
PAYOUT IN US DOLLARS:
With Funtech, Customers and non-customers of First Bank can receive funds from abroad in US Dollars directly into their Dollars accounts. Where recipient has no USD account, funds channeled through Naira accounts are deposited into USD accounts created by the Bank on behalf of recipients.
- Direct to Account transactions
- Automatic creation of tier 1 domiciliary account for beneficiary with Naira account
- Fast
- Secure
- Reliable
- Receiver does not pay any fee
- Transfer is available to receiver immediately the sender concludes the transaction
- Customer can access funds in all the Bank’s locations nationwide and across the alternative channels
- Service available nationwide from Monday to Friday and at selected locations on weekends and public holidays
- Customer shares either their Naira or USD account with sender
- Once transaction is sent by sender, Customer walks into any of our locations nationwide to receive funds in USD
- Where Naira account is shared with sender, the bank notifies recipient of the USD account where funds is paid into.
This service is available to both account holders and walk-in customers who are 18 years and above
FAQs
No, the sender bears all charges.
The transfer would be credited directly into the recipient account.
Recipients will receive the exact amount sent by the sender
Please reach out to the Money Transfer Team via mail on Money_Transfer_Department@firstbanknigeria.com. Alternatively, you can call 019057125, 019057144, 019057122, 019057142
Only inbound transaction is available in Nigeria
We will automatically create a tier one domiciliary account for remittances into Naira account and remit your funds into the newly opened domiciliary account. We will equally communicate to you when this is done
Yes, all beneficiaries of International money transfers received through the approved Money Transfer Organizations are eligible for this promo and would get 5 Naira for every dollar received through their FirstBank account. This incentive payment is valid till its discontinuation by the Central Bank of Nigeria.
