How to transfer from First Bank domiciliary account

How to transfer from First Bank domiciliary account

Transferring money from your First Bank domiciliary account has never been easier. Whether you’re sending money to a friend, family member, or business associate abroad, you can now do so with just a few clicks.

How to transfer from First Bank domiciliary account

Here’s how:

• Login to First Bank Online Banking

The first step to transferring money from your First Bank domiciliary account is to log in to your First Bank Online Banking account. This will give you access to your domiciliary account, where you can make transactions, check your balance, and view your transaction history.

• Initiate a Transfer

Once you’ve logged in, you’ll need to initiate a transfer from your domiciliary account. To do this, click on the “Transfer” option and select “Domiciliary Transfer.” From there, you’ll be able to enter the recipient’s information, including their name, bank name, account number, and the amount you’d like to transfer.

• Confirm the Transfer

Before the transfer can be completed, you’ll need to confirm the details. Ensure that the information you entered is correct and that you have enough funds in your domiciliary account to cover the transfer. If everything looks good, go ahead and click on “Confirm.”

• Wait for Confirmation

Once you’ve confirmed the transfer, it can take up to 3 business days for the funds to arrive in the recipient’s account. During this time, you can check the status of your transfer in your First Bank Online Banking account.

• Enjoy the Convenience

With First Bank’s domiciliary transfer feature, you can now send money to anyone, anywhere, at any time. No more trips to the bank, no more long wait times, and no more complicated processes.

In conclusion, transferring money from your First Bank domiciliary account has never been easier. With First Bank’s online banking platform, you can complete transfers in just a few clicks, saving you time and hassle. So, what are you waiting for? Sign up for First Bank Online Banking today and enjoy the convenience of transferring money from the comfort of your own home.

Charges on domiciliary account

First Bank typically charges a fee for domiciliary account transfers. These fees can vary depending on the amount you’re transferring and the destination of the funds. Some of the most common charges include:

1. Transfer fee – a fee charged for each transfer you make from your domiciliary account. This fee can range from a flat rate to a percentage of the amount being transferred.
2. Currency conversion fee – a fee charged when you’re sending money from one country to another and the currencies are different. This fee is used to convert the currency of the sending country to the currency of the receiving country.
3. Receiving bank fee – a fee charged by the receiving bank for processing the transfer. This fee can vary depending on the receiving bank’s policies and procedures.
4. Exchange rate fluctuation – the exchange rate for the sending and receiving currencies can change, which can result in a difference in the amount received by the recipient.

It’s important to be aware of all charges when making a domiciliary transfer, as these fees can add up and affect the total amount received by the recipient. Before making a transfer, check with First Bank for the most up-to-date information on fees and charges.

How to transfer from First Bank domiciliary account in the bank

Transferring money from your First Bank domiciliary account at the bank is a simple and straightforward process. Here’s how:

• Visit a First Bank Branch

The first step is to visit a First Bank branch that offers domiciliary transfer services. Make sure to bring along a valid government-issued ID, such as a driver’s license or passport.

• Request a Transfer Form

Upon arrival, request a domiciliary transfer form from the bank teller. Fill in the form with the necessary information, including the recipient’s name, bank name, account number, and the amount you’d like to transfer.

• Provide Proof of Funds

To complete the transfer, you’ll need to provide proof of funds. This can be done by showing the bank teller your First Bank domiciliary account balance or by making a deposit into the account.

• Complete the Transfer

Once you’ve provided proof of funds, the bank teller will process the transfer and provide you with a confirmation. Depending on the destination of the funds, it can take up to 3 business days for the transfer to be completed.

• Wait for Confirmation

After the transfer has been processed, wait for confirmation from First Bank. This confirmation will indicate that the transfer has been completed and that the funds have been credited to the recipient’s account.

In conclusion, transferring money from your First Bank domiciliary account at the bank is a simple and straightforward process. Just visit a First Bank branch, request a transfer form, provide proof of funds, and wait for confirmation. With First Bank’s efficient and reliable transfer services, you can send money to anyone, anywhere, at any time