The Biometric Verification Number (BVN), is a mandatory 11 digit number for you to have if you want to perform most transaction within the Nigerian financial infrastructure. Tho the number is free to get, there are still a lots of Nigerians who don’t yet have one, most especially the poorly educated and people living in the rural areas. If you fall under this category and still want to open a functional bank account, this is where you will need Firstmonie Wallet by First Bank.
Firstmonie Wallet is an electronic wallet that allows you the convenience of making and accepting payments electronically with your mobile number without requiring the BVN. It is a fully functioning account you can use to make and receive payments most especially in areas without internet connectivity.
With your Firstmonie Wallet, you can transfer money to any bank account in Nigeria and any mobile number, buy airtime, buy data, pay bills and fund your bet9ja wallet, check balance and generate statement and withdraw cash.
How can I create a Firstmonie Wallet account?
To join Firstmonie and have access to exciting features, kindly download and install the app from either the Google Play Store or iOS app store, or you dial *894*1# and follow the quick easy steps to create your wallet account. All you need is your mobile number.
How can I deposit into my wallet?
You can fund your wallet from a debit card (of any Bank), a FirstBank account, any active Firstmonie Wallet or at Firstmonie Agent location. Funding from your FirstBank account is free! However, funding your wallet from a debit card costs 1% on amount while at agent location has three charges depending on the amount deposited. You can withdraw money from your wallet in cash at any Firstmonie Agent Location or you transfer to any bank account in Nigeria.
Get a First Bank Firstmonie Wallet Virtual Card
One of the advantages of Firstmonie is that it gives you the opportunity to get a virtual card. The Virtual Card is a Naira denominated debit card issued in partnership with Visa International. It is a digital representation of a payment card, linked to either customer’s account or wallet account. Unlike a physical card, it does not require any plastic representation. The Virtual card functions like your physical card, you can use it to make payments online just like your normal card.
How can I request for my First Bank Virtual card?
You can request for your Virtual Card directly from the Firstmonie Wallet application.
How can I activate my Virtual card?
Immediately the card is purchased on the Firstmonie Wallet Application, a prompt for card activation is seen. Simply select Yes and you have an active virtual card. No branch visit is required.
How do I view my Virtual card details when I want to carry out transactions?
The card is hosted on the Firstmonie Wallet platform and can be used to carry out financial transactions by following the steps below:
- Log into the Firstmonie Wallet application.
- Select Virtual cards
- Click on the eye icon/ Card PAN on the virtual card
- Input your Transaction PIN/secret word
- The concealed card details are then revealed for use
What is the cost of the Virtual Card?
The Virtual card costs N215 (VAT inclusive).
In conclusion, Firstmonie wallet is very useful, especially with the virtual card. You can easily get the virtual card without the hustle of lining up in the bank to get a physical one.