First Bank Introduces Salary Overdraft Facility


Thursday, May 18, 2017 3:35 PM/First Bank

First Bank of Nigeria limited remains one of Africa’s most diversified financial services solutions providers.

For over 120 years, the Bank has consistently met growing market demands for financial services, through a process of continuous re-invention and focusing on the fundamentals of good corporate governance, strong liquidity and risk management.

Its current customer-centered architecture combines services delivery through the traditional branch outlet, with the ease of the automated delivery channels to create a customer-service experience that is strong on choice and convenience.

The Bank provides a comprehensive range of retail and corporate solutions and in line with this; we wish to introduce our Salary Overdraft Facility to your staff.

This product is a short tenured facility that gives you the opportunity to access funds to meet urgent personal needs. 

Facility Tenor:                             90 days (with clean up cycle of 30 days).

Target Market:                             Customers with Salaries domiciled at FirstBank.

Limit:                                             N500,000 (subject to 50% of net monthly disposable income).

Minimum Annual Income:     N600,000.00

Applicant Employment Status: Full Time Employment

Collateral:                                         Salary Domiciliation and Credit Insurance.

Availment/Repayment:        Availed as an overdraft set-up on the applicant’s account and cleansed up with subsequent salary payment.


Other value added services which enables you access our Quick Service Banking are:

a.      Firstmobile App: This enables you carry out your Banking transactions on the go via your mobile phones (transfers, purchase of airtime, Bill payments etc).

b.      USSD Banking via our *894*0# which allows you to do your Banking on the mobile phone via a short code.

c.   FirstOnline Banking: this enables you access your Banking services via the internet. 

Our team will be willing to meet you on a convenient date that for further discussions.  

Kindly contact any of the undersigned on the telephone numbers stated. 

We look forward to hearing from you as well as a mutually beneficial banking relationship.

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