How to Transfer Money from First Bank to PalmPay Account in 2025

How to Transfer Money from First Bank to PalmPay Account in 2025: Hello and welcome to TEEZABIZ.COM.NG. Sending money has never been easier, and in 2025, transferring money from your First Bank account to your PalmPay account is now a smooth and hassle-free process.

Whether you want to fund your PalmPay wallet for transactions, send money to a friend who uses PalmPay, or make a business payment, First Bank offers multiple ways to transfer funds quickly and securely.

With the rise of digital banking and fintech platforms like PalmPay, many Nigerians prefer to use mobile wallets for their daily transactions.

PalmPay provides cashback rewards, discounts, and seamless bill payments, making it a popular choice for many users.

However, to enjoy these benefits, you need to fund your PalmPay account, and the easiest way to do this is by transferring money from your First Bank account.

Why Should You Transfer Money to PalmPay?

People transfer money from First Bank to PalmPay for various reasons, including:

To fund their PalmPay wallet for bill payments, airtime purchase, and transactions.
To send money to a PalmPay user for business or personal reasons.
To enjoy cashback and bonuses on PalmPay transactions.
To make withdrawals from PalmPay agents across Nigeria.

At TeezaBiz.com.ng, we understand that you may need guidance on how to transfer money from First Bank to PalmPay. That’s why we have created this easy-to-follow guide to help you make transfers smoothly using USSD code, FirstMobile app, and First Bank Internet Banking.

By the end of this article, you will learn how to:

Transfer money using First Bank USSD Code.
Send money through FirstMobile App.
Transfer via First Bank Internet Banking.
Troubleshoot common issues when sending money to PalmPay.

Let’s begin!

Methods to Transfer Money from First Bank to PalmPay

How to Transfer Money Using First Bank USSD Code

If you don’t have internet access or prefer a faster method, you can use the First Bank USSD code to transfer money to PalmPay.

Steps to Transfer Money via USSD:

Dial *894# on your registered phone number.
Select “Transfer Money” from the menu.
Enter the PalmPay Account Number of the recipient.
Select PalmPay (PalmPay Limited) as the recipient bank.
Enter the amount you want to transfer.
Confirm the recipient’s name and details.
Input your First Bank USSD PIN to authorize the transaction.
You will receive a confirmation message once the transfer is successful.

Important Notes:

Ensure you dial the USSD code from the phone number linked to your First Bank account.
You must have enough funds in your account to complete the transaction.
A small transfer fee may apply, depending on First Bank’s charges.

How to Transfer Money Using FirstMobile App

For smartphone users, the FirstMobile App provides an easy way to send money from First Bank to PalmPay.

Steps to Transfer via FirstMobile App:

Download & Open the FirstMobile App
- If you don’t have the app, download it from the Google Play Store (Android) or Apple App Store (iPhone).
- Log in with your First Bank username and password.
Navigate to Transfers
- Click on “Transfers” from the home screen.
- Select “Other Banks” as the transfer option.
Enter the PalmPay Account Details
- Type in the PalmPay account number of the recipient.
- Select PalmPay (PalmPay Limited) as the bank name.
- Enter the amount you wish to send.
Confirm & Authorize the Transaction
- Verify the recipient’s name to ensure accuracy.
- Input your transaction PIN or OTP to complete the transfer.
- A confirmation message will be sent to your phone.

Why Use the FirstMobile App?

No need for USSD codes or manual inputs.
Fast and easy with an intuitive interface.
Secure transactions with OTP or PIN verification.

How to Transfer Money Using First Bank Internet Banking

For those who prefer online banking, First Bank Internet Banking provides a reliable way to transfer money to PalmPay.

Steps to Transfer via Internet Banking:

Visit First Bank’s Official Website
- Go to First Bank Internet Banking.
- Log in with your username and password.
Go to the Fund Transfer Section
- Click on “Transfer Money”.
- Choose “Other Banks” as the transfer option.
Enter Transfer Details
- Input the PalmPay account number of the recipient.
- Select PalmPay (PalmPay Limited) as the destination bank.
- Enter the transfer amount.
Authorize the Payment
- Verify the details to ensure accuracy.
- Enter your token code or OTP to complete the transaction.
- You will receive a transaction confirmation.

Frequently Asked Questions (FAQs)

How long does it take for the money to reflect in PalmPay?

Transfers from First Bank to PalmPay are usually instant, but it can take up to 5 minutes.

What is the USSD code to transfer money from First Bank to PalmPay?

Dial *894#, select Transfer, and choose PalmPay as the recipient bank.

Is there a transfer fee when sending money to PalmPay?

Yes, First Bank charges a small transfer fee, usually between ₦10 to ₦50.

Can I transfer money from First Bank to PalmPay without the mobile app?

Yes, you can use USSD (*894#) or Internet Banking.

What should I do if my transfer to PalmPay fails?

Check your account balance, network connection, and recipient details. If the issue persists, contact First Bank support.

Can I transfer money from First Bank to PalmPay at any time?

Yes, transfers are available 24/7, including weekends and public holidays.

How do I confirm if my transfer was successful?

You will receive an SMS alert from First Bank and PalmPay.

Can I reverse a wrong transfer to PalmPay?

Once a transaction is completed, it cannot be reversed. Contact First Bank customer service immediately.

Can I transfer money to my own PalmPay account?

Yes! Just enter your PalmPay account number as the recipient.

10. What is the maximum amount I can transfer?

The daily transfer limit depends on your First Bank account type, check your First Bank mobile app.

Conclusion on How to Transfer Money from First Bank to PalmPay Account

Transferring money from First Bank to PalmPay is fast, easy, and secure using USSD, FirstMobile App, or Internet Banking. Whether you’re funding your PalmPay wallet, paying a friend, or making a business payment, you can complete transactions in seconds.

At TeezaBiz.com.ng, we believe in making banking easy. That’s why we’ve created this guide to help you transfer money without stress. If you encounter any issues, double-check the recipient’s details, ensure you have enough funds, and try again.

Now that you know how to send money from First Bank to PalmPay, why not try it today?