First Bank FirstInstant Account from First Bank of Nigeria | Evesting

First Bank FirstInstant Account

Life Savings

Service Provider: First Bank of Nigeria

Offer Details


First Bank of Nigeria

Interest Rate
Interest Rate

3.2% per year



Interest Payout
Interest Payout


Last Updated
Last Updated

September 09, 2021

About Offer

The FirstInstant Account is a no frills, no hassles account and requires minimal documentation. You also get the advantage of managing your funds without any charges.


Why Choose this Account?

  • Zero account opening and operating balance of N100.

  • Only 1 passport photograph required.

  • Maximum cash deposit is N50, 000 per transaction.

  • Maximum cumulative balance on the account at any point in time is N300,000.

  • You may upgrade the account at any time if you wish to have more than N300,000 balance in your account.

  • Attractive interest rates

  • The account can also be operated as a Salary Account.

  • There are no limits to the number of withdrawals you can make from the account in a month

  • You get a debit card instantly as soon as you open the account

  • This account type is for those who carry out lower transactions with the bank.

Who Can Apply? 

  • You need to be aged 18 or above. 

  • It is also suitable for those who wish to open a no-frills account to start their banking experience with FirstBank.


  • 1 passport photograph

  • If you are opening this account online, however, you do not need any documentation to open the account.

Product Analysis and Performance

Product Engagement

Indicates the ability of the fund to generate superior returns

12 Interests
Suitable Investor

Investor type

Product Ratings

Shows how well the product is loved and it's great performance

3.0 Rating
Risk Analysis

Fund's capability to generate risk-adjusted returns


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