Do you need to increase limit of the First City Monument Bank (FCMB) transfer code?

By default, 100,000 Naira is the maximum transactions allowed on FCMB USSD banking. This means you cannot send money to another account or pay bills on this platform beyond the amount. However, you can change it to 500,000 Naira in few steps.

In this guide, you will learn:

• The standard transfer limits set by FCMB and when to consider increasing them.
• A clear, step-by-step process to raise your transfer limit from the convenience of your mobile phone.
• Tips to keep your account safe with an increased limit and solutions for common issues.

What is the FCMB USSD Transfer Limit?

FCMB offers a convenient way to manage your funds via USSD code, allowing you to transfer money quickly. However, the default daily transfer limit on FCMB’s USSD service is set at 100,000 Naira.

This limit is in place to safeguard users and ensure that unauthorized transactions don’t go unnoticed. But there are times when the default limit may not be enough, especially if you need to send larger amounts for:

• Business transactions where daily payments or higher transfers are needed.
• Family support, particularly for those helping family members with big expenses.
• Emergency situations where larger amounts need to be transferred immediately.

If you find that the daily limit restricts your financial activities, raising it is easy with FCMB’s self-service options on USSD.

How to Increase FCMB USSD Transfer Limit: Step-by-Step Guide

Follow these simple steps to increase your FCMB USSD transfer limit directly from your mobile phone:

1. Dial *329#
   Start by dialing the FCMB USSD code (*329#) on your registered phone number.
2. Select the “Self-Service” Option
   From the menu options, select “Self-Service” to access account management tools.
3. Choose “Limit Increase”
   In the Self-Service menu, select “Limit Increase.” This feature allows you to increase your transfer limit from the default 100,000 Naira up to 500,000 Naira.
4. Select Your FCMB ATM Debit Card
   Next, choose the FCMB ATM Debit Card associated with your account. That is if you have multiple FCMB ATM card. This step ensures that the process is secure.
5. Enter Your ATM Debit Card PIN
   For verification, enter the PIN of the selected ATM Debit Card. This confirms your identity and authorizes the limit increase.
6. Enter Your FCMB USSD PIN
   Finally, input your FCMB USSD PIN to confirm and complete the limit increase request.

Once you’ve completed these steps, your transfer limit will be successfully increased, enabling you to carry out higher-value transactions.

Now, with the FCMB USSD code, you can send up to 500,000 Naira to any bank account in Nigeria

Verification and Processing Time

After completing the steps to increase your FCMB USSD transfer limit, the change is applied instantly. You’ll receive a confirmation message from FCMB notifying you of the successful increase in your transfer limit, allowing you to send up to 500,000 Naira daily via USSD.

Factors that may affect processing time: While the process is generally quick, a few factors might affect the response time, including:

• Network Issues: Poor network connectivity can delay the process, so ensure you have a stable network connection.
• System Downtime: Occasionally, bank systems undergo maintenance, which could also impact processing time.

Tips for Safeguarding Your Account with Higher Limits

With an increased transfer limit, it’s important to keep your FCMB account secure. Here are essential tips to help protect your account:

• Keep Your USSD PIN Secure
  Your USSD PIN is key to authorizing transfers and managing your account. Avoid sharing it with anyone, and make sure to store it in a safe, private place to prevent unauthorized access.
• Keep Your Debit Card PIN Secure
  The debit card PIN is crucial for verifying transactions and making changes to your account. If an unauthorized person gains access to your debit card PIN, they may be able to reset your USSD PIN, thereby gaining access to your FCMB account. Keep this PIN private and avoid writing it down where others can find it.
• Change Your PIN Periodically
  Regularly updating both your USSD and debit card PINs adds an extra layer of protection to your account.

Benefits of Increasing Your FCMB Transfer Limit

Increasing your FCMB USSD transfer limit provides several advantages, especially for users who need flexibility and speed in handling larger transactions:

• Greater Convenience for Large Payments
  With a higher transfer limit, you can send larger amounts without splitting transactions across multiple days, making it easier for both business and personal transfers.
• Faster Transactions without Visiting a Branch
  You can complete higher-value transactions directly from your phone, saving time and avoiding the need to visit an FCMB branch for large transfers.
• Ideal for Business and Frequent Transactions
  If you’re a business owner or frequently send money to family, the increased limit allows for smoother, uninterrupted transactions that meet your financial needs.

Common Issues and Troubleshooting

Here are some common issues you might face when increasing your FCMB USSD transfer limit and how to resolve them:

• Incorrect PIN Entry
  Entering the wrong USSD or debit card PIN can prevent the transfer limit increase from being processed. Double-check your PINs before entering them to avoid this issue.
• Issues with the ATM Card
  If your ATM card is blocked or expired, the system may reject the limit increase request. Ensure your ATM card is active and not expired before proceeding.
• Service Downtime
  Occasionally, FCMB’s USSD services may experience downtime due to maintenance. If you receive an error message or cannot access the service, wait a few minutes and try again, or check FCMB’s official channels for updates.

Summary

FCMB provides a simple and effective way to increase your USSD transfer limit online, giving you more flexibility to manage larger transactions directly from your phone. By following the steps outlined in this guide, you can quickly raise your transfer limit and enjoy the convenience of making higher-value payments.

Here are the key takeaways from this post:

• Steps to Increase FCMB USSD Transfer Limit: Dial *329#, select Self-Service, choose Limit Increase, and follow the prompts to increase your limit from 100,000 Naira to 500,000 Naira.
• Benefits of Increasing the Transfer Limit: Enjoy faster, larger transactions without the need to visit a branch, ideal for business and frequent transfers.
• Security Tips: Keep your USSD and debit card PINs secure to prevent unauthorized access to your account.

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