How to increase my bank transfer limit
Have you ever tried sending some huge amount of money to someone only to be told you have exceeded your daily limits? How frustrating and disappointing that can be.
Bank transfer is one of the easiest and simplest modes of payment in Nigeria. You can transfer huge some of the money from one bank account to another.
Learn How to increase my bank transfer limit and enjoy transferring money to any bank, anyone and at any time. This will enable the transfer of a large amount of money at once.
All the commercial banks in Nigeria allow transfer from one account or bank to another, the problem is that every bank has its transfer limit.
This means that there is an amount you can not exceed, this is known as your transfer limit.
Most time we may face some issues trying to transfer large amounts of money. This post on How to increase your myBank transfer limit will enable you to increase your transfer limit and enable you to transfer large amounts of money at once.
In this post How to increase my bank transfer limit, you will now know how to increase your bank transfer limit
Ways you can transfer money
There are many methods by which you can transfer money to someone, you don’t need to head to the bank before you can send money to someone.
You can transfer money to someone through, Bank app, USSd code and through POS.
The above methods are the easiest ways of sending funds to someone.
This is one of the easiest means of transferring funds, checking account balances and other banking activities.
You don’t need to be connected to use this, just dial your bank-used codes and you will be listed with some options to choose from.
Every commercial bank in Nigeria has its various banking uses, which when typed into your phone dialer will help you gain access to your account.
Mobile banking app:
Mobile banking app is a mobile application created by your bank to enable you to transfer funds to other bank users.
Th mobile banking app can also be used to check for alerts and also to your account balance.
One amazing fact about this app is that you can use it to track your transaction. To use the bank app, you must have data to access this app.
Post services are an alternative to banks, that help you doesesoesoesome things banks do for you, with some added charge.
With Pos, you can send and withdraw money, just like an ATM stand but the only difference is that you will have to pay certain charges.
Irrespective of all these methods, if your transfer limit hasn’t been increased will find it difficult to withdraw and transfer large funds.
So there is no alternative to increasing your bank transfer limit.
Why your daily transfer amount is low
If your transfer limit daily is low, then you should, first of all, find the problem before sourcing a solution.
Poor or low transfer limit is caused by many factors, which includes
- Running a student account
- If you are using a childcare account
- If your account transfer limit has not been upgraded
- Your account is not properly created.
The above-listed options are the cause of your low transfer limit. But not to worry it can be fixed, all you have to do is to go to your bank branch near you. Or better still you can do it by yourself via your banking app.
Why you should increase your daily limit
There is a need to increase your bank daily transfer limit, especially if you are a businessman who pays a lot of huge figures.
Even as the CBN has brought in a new policy of a weekly withdrawal of NGN 500,000 only. So therefore there is a big need to increase your bank transfer limit. This will help you meet up as the country is about to embark on a cashless policy.
Increasing your bank transfer limit will do you more good than bad, as you will stand to benefit a lot once you have upgraded it. This is the main reason why this post How to increase my bank transfer limit will help you make the right choice.
How to increase my bank transfer limit using the mobile app.
If you are a bank user looking to increase your bank daily transfer limit, then look no more as this post How to increase my bank transfer limit will help you.
This is a detailed guide on How to increase my bank transfer limit, just sit tight and learn how to increase your daily limit through the bank app.
The mobile app allows you to carry out bank transactions without physically visiting any bank. As you can transfer money, pay bills and subscribe to your phone from the comfort of your home.
You are limited to transferring a maximum of N150,000 daily, this might not be enough for you, so there is a need to increase the daily limit to like, N1,000,000.
How to increase your daily transfer limit on the First Bank Mobile app
If you are a businesswoman, you may need to increase your daily transfer limit to at least N1,000,000. Note that once your daily limit is changed, it will take like 24hrs to be activated.
To increase your first bank daily limit, you must use the first bank mobile tokens either soft or hard.
How to get the first bank token
You can get the first bank token, either the soft or the hard token.
To get the first bank token, you must visit any of their branches near you. You will be asked to fill out some application forms, once you are done and your form has been reviewed.
If approved you will be given the hardware token, the hard token is a small pocket size device that must be carried around all the time you want to use it.
Conclusion on how to increase your transfer limit
There is a need to increase your daily transfer limit, this will further help you grow your business.
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