Withdraw Crypto to First Bank
Convert any supported coin to naira and withdraw to your First Bank account within 60 seconds of the network confirming.
BTC → First Bank, Step by Step
First Bank of Nigeria has the country's broadest physical presence. Monica payouts clear consistently; the bank's NIBSS integration is solid. The flow on Monica is the same for every bank. What differs is the timing on the bank side. First Bank sits in the tier 1 bank category, with typical clearing of within 60 seconds of the network confirming for NIBSS instant transfers.
Monica convertsAt the live rate, the moment the network confirms0% feeHow a BTC-to-First Bank Payout Works
Add your First Bank account
Open Monica, go to Bank Accounts, choose First Bank, enter your account number. Auto-verified in seconds.
Send BTC to Monica
From your external wallet, send BTC to your permanent Monica deposit address. Use the network shown beside the address.
Conversion runs automatically
Once onchain confirmation lands, naira credits to your Monica balance at the live mid-market rate. 0% fee.
Withdraw to First Bank
Tap Withdraw, choose your saved First Bank account, type the amount. NIBSS clears within 60 seconds of the network confirming.
Common First Bank Payout Issues and How Monica Handles Them
Monica auto-verifies the account name when you add a First Bank account. If the name doesn't match, the system blocks the save preventing payouts to wrong accounts before they happen.
If a NIBSS transfer takes longer than within 60 seconds of the network confirming, the funds are guaranteed by the rail itself. Worst case: the amount reverses to your Monica balance within 24 hours and you can re-attempt.
If First Bank restricts your account independently (PND, a KYC query, AML flag), the payout reverses cleanly to your Monica balance. You then withdraw to a different bank.
Failed bank transfers are reversed to your Monica balance automatically. No support tickets needed for the standard failure modes.
FAQ Withdrawing to First Bank
How long does a First Bank payout take from Monica?
Under 60 seconds typical clearing. First Bank of Nigeria has the country's broadest physical presence. Monica payouts clear consistently; the bank's NIBSS integration is solid.
Are there fees for withdrawing to First Bank?
No. Monica charges 0% on all bank withdrawals including First Bank. The amount you see in the withdrawal screen is the amount that hits your First Bank account.
What is the daily withdrawal limit to First Bank?
Standard CBN limits apply. Higher limits available for verified business accounts common for traders moving large USDT volumes for supplier payments.
Can I withdraw BTC earnings to First Bank on weekends?
Yes. First Bank processes NIBSS instant transfers 24/7 including weekends and public holidays. Sunday-night Monica withdrawals to First Bank clear at the same speed as weekday withdrawals.
Does Monica work with both First Bank personal and business accounts?
Yes. Both account types are supported. Business accounts at First Bank can request higher daily limits via Monica support.
What if my First Bank account is frozen?
That's a First Bank matter, not a Monica one. If a withdrawal fails because your bank account is restricted, the naira returns to your Monica balance and you can withdraw to a different bank.
How do I add my First Bank account to Monica?
Open the Monica app, go to Settings → Bank Accounts, tap Add Account, choose First Bank from the list, enter your account number. The system auto-verifies your account name. Save and use for future withdrawals.
Is First Bank the quick bank for Monica payouts?
Among the tier 1 commercial banks, First Bank clears within 60 seconds of the network confirming. Digital banks (Opay, Kuda, Moniepoint, Palmpay) are typically faster at 5 to 10 seconds.
Other Banks We Support
Monica works with every Nigerian bank on NIBSS: every commercial bank, every digital bank, every microfinance bank. Tap any bank below for its dedicated payout page.
Opay
Kuda
Moniepoint
Palmpay
GTBank
Access Bank
Zenith Bank
UBAFIFirst Bank
Stanbic IBTC
FCMB
Wema Bank (ALAT)
Sterling Bank
Polaris Bank
Union BankFIFidelity Bank
Ecobank
Keystone BankHEHeritage Bank
CarbonVBVBank
SparkleRURubiesEYEyowoMIMintyn
FairMoneyRERenmoneyBRBranchAEAellaUNUnity Bank
ProvidusGLGlobusTITitan TrustCOCoronation
Jaiz BankTATAJ BankSUSunTrustPRPremium TrustOPOptimusLOLotusSet up First Bank crypto payouts
Add your First Bank account, deposit crypto, withdraw naira within 60 seconds of the network confirming.