First Bank of Nigeria has increased their transfer transaction limits on its FirstMobile Lifestyle app N0.5million notches higher by increasing it from N500,000 to a maximum daily limit of N1 million.
According to a statement signed on Monday by the Head, Digital Banking at FirstBank, Mrs. Folasade Femi-Lawal, the bank will continue to grasp on evolving technologies to support consumers’ lifestyle.
It stated also that N150,000 could now be transferred through the app to first bank account as well as to other banks accounts without the use of a token.
According to the statement, the new plan is targeted at providing customers with a suite of financial options in a convenient and highly secure environment.
“This development is expected to boost convenience and ease of banking as well as enhance customers’ digital banking experience in line with the bank’s commitment to offer value-added services.”