How to transfer Money from First Bank to Palmpay in 2024 [Full Guide]

How to transfer money from First Bank to Palmpay in 2024: Have you ever wondered how to transfer money from First Bank to Palmpay?

In today’s fast-paced world, transferring money has become a necessity. Whether you need to pay your bills or send money to a loved one, it is important to know how to transfer money safely and securely.

It has come to our notice at TECHWITNG.ORG that a lot of people out there are facing difficulty sending money from the first bank to the Palmpay wallet and that is exactly what we want to tackle today! So stay calm while we break it down for you!

First Bank is one of the largest and oldest banks in Nigeria, with a reputation for providing reliable and efficient banking services.

With the advancement of technology, the bank has made it easy for its customers to transfer money using various methods.

In this blog post, we will guide you on how to transfer money from First Bank to Palmpay in 2024 but before we go, I’d like to quickly tell you what Palmpay is!

What is Palmpay Account?

Palmpay is a mobile payment and financial services app that allows users to make and receive payments, buy airtime and data, pay bills, and access other financial services all in one place.

It was developed by PalmPay Limited, a fintech company based in Nigeria.

With Palmpay, users can link their bank accounts, debit cards, or credit cards to their Palmpay wallet, which allows them to easily transfer funds, make payments, and manage their finances without the need for physical cash.

Palmpay also offers cashback rewards, discounts, and other incentives to its users, making it a popular choice for individuals and businesses looking for a convenient and reliable way to manage their finances.

Okay, now that you understand what Palmpay is, let’s get into how you can send money from First Bank to Palmpay Wallet!

How to transfer money from First Bank to Palmpay in 2024

Just; like you send money from First Bank to banks like GTB, Zenith Bank, Access Bank, etc, in the same way you send money to palmpay as well!

The First Bank has provided several ways to transfer money from your first bank account to Palmpay. These ways include:

Using Bank Card
Via Mobile app
Via USSD code

Let’s take a closer look at each method.

How to Transfer Money from First Bank to PalmPay Account using Bank Card

To fund your Palmpay wallet from your first bank account using Bank ATM card, follow the guidelines below;

Open your PalmPay app and log in to your account.
Click on the “Fund” button.
Select “Bank Funding”
Select or enter the amount you want to deposit.
Select or Add a new ATM card number
Enter your ATM card pin, and click “Confirm”.

Simple right? Now, if you don’t want that method, you can try the method below as well!

How to Transfer from First Bank to PalmPay using First Bank Mobile App

To use this method, you need an Android phone or iPhone and a stable internet connection. So, follow the steps below to do this;

If you don’t have the First Bank mobile app already installed on your device, simply head to Google Play or Apple Store to download the app.
Open your First Bank Mobile App and log in to your account.
Click on the menu icon and select “Transfer Money”.
Enter the amount you want to transfer.
Select “Other Account”.
Enter the PalmPay account number. (Palmpay account number is the phone number you used to register your Palmpay with the zero at the front.)
Now, select PalmPay by typing PalmPay in the search bar.
Finally, enter your PIN or token to authorize the transfer and that’s it!

This is also simple but if you do not have an Android phone or iPhone, you can use the USSD code method that will be explained below!

How to Transfer Money from First Bank to PalmPay Account Via USSD Code

To transfer money from First Bank to Palmpay wallet via USSD code, simply follow the steps below;

Open your PalmPay app and log in to your account.
Click on the “Fund” button.
Select the “USSD” option.
Select or enter the amount you want to transfer and click confirm.
Select the bank you want to transfer money from.
Now, copy the USSD code that appears on your screen.
Paste the code in your phone dialer and dial.
Confirm the name, and enter your bank transaction pin.

Frequently Asked Questions

Can I transfer money from the bank to PalmPay?

Yes, that is very possible! You can definitely transfer money from any bank to Palmpay either by using bank card, mobile app, or ussd code.

How do I transfer money from USSD to PalmPay?

That is very easy! To transfer money to Palmpay using USSD code, follow the steps below;

Open your PalmPay app and log in to your account.
Click on the “Fund” button.
Select the “USSD” option.
Select or enter the amount you want to transfer and click confirm.
Select the bank you want to transfer money from.
Now, copy the USSD code that appears on your screen.
Paste the code in your phone dialer and dial.
Confirm the name, and enter your bank transaction pin.

How to fund your PalmPay account

You can fund your PalmPay account through your debit card by following the steps below:

Click on the “Fund” button located on your profile dashboard.
Enter the amount of money you wish to deposit.
Optionally, enter the description of the transaction and move on to the next page.
Select your payment method or you can just select one of your previously bounded debit cards. You can also bind a new debit card if you have yet to do so. (Funding your account with your debit card is the most reliable and easiest payment method. Your cards are 100% safe with PalmPay)
Choose your bank from the list of other banks and input all the required bank/card details.
Enter your 4-digit security code to proceed with the transaction.
A new page may load, which is the secure payment gateway of your bank. An OTP will be sent to the email address and/or phone number linked to your card. Enter the OTP and click on the “complete” button.
The deposit is successful and you will be redirected to your dashboard.

What is my account number on PalmPay?

Your account number is the last 10 digits of your phone number. E.g. If your number is 08166872072, your account number will be 8166872072 that is, you remove the first zero.

Conclusion

It is important to note that before transferring money from your account, ensure that you have sufficient funds to cover the transaction.

Also, ensure that you provide accurate information such as the recipient’s account number and bank name to avoid any delays or errors.

First Bank has made it a priority to ensure that its customers have access to secure and reliable methods of transferring money.

With the various options available, you can easily transfer money from your account without having to worry about the safety of your funds.

In addition to the methods discussed above, First Bank also offers international money transfer services through its Western Union and MoneyGram partnerships. This allows customers to send and receive money from any part of the world.

In conclusion, transferring money from First Bank to Palmpay in 2024 is easy and convenient. Whether you prefer to use the mobile banking app, bank card, or USSD code, multiple options are available to suit your needs.

If you have any questions regarding this post, kindly leave us a comment in the comment section below and we will try to get back to you as soon as possible!