Standard MasterCard

To apply for the Standard MasterCard, visit any FirstBank branch closest to you to complete an application form.

1) Is the MasterCard card a Debit or a Credit card?

• The MasterCard card is a cash-backed Credit Card. The limit assigned to the card corresponds exactly to the amount paid by the cardholder into the MasterCard card account, which includes the issuance fee of $10 and annual maintenance fee of $19.

2) Will a lien be placed on my US Domiciliary account with respect to my desired limit on the MasterCard card?

• No. You would, however, be required to always maintain a minimum balance of $50 in your MasterCard account.

3) What are the fees associated with the MasterCard card?

• Issuance fee – $10
• Annual maintenance fee – $19
• Purchase fee (POS, Internet) – free
• Web  – free
• ATM withdrawal fee – $3

4) What are the daily usage limits for my MasterCard card?

• ATM cash withdrawals – $1,000 (total frequency – 5 times)
• Purchases (POS) – $10,000 (total frequency – 20 times)
• Purchases (Internet) – $5,000 (total frequency – 5 times)
• POS Cash Advance (Branch) – $10,000
• POS Cash Advance (Merchant) – $5,000
• POS/Web limit increase available upon request

The above limits are subject to a daily cumulative limit of $10,000.

5) How long would it take for my MasterCard card to be ready for collection, after I submit my application?

For Lagos branches, the MasterCard card will be ready for collection 2 business days after application. While for upcountry branches, MasterCard cards will be ready for collection 5 business days after application. All applications must be sent to ebusiness-services@firstbanknigeria.combefore 12 noon each business day in order to stay within the above delivery timelines.