Have you ever considered earning extra income while helping people around you access everyday banking services? That was exactly what crossed my mind before I became a Firstmonie Agent. I wanted something that could grow my business, bring in steady earnings, and make me useful to my community. It turned out to be one of the best decisions I’ve made. Here’s everything I learned about becoming a Firstmonie Agent in Nigeria—the process, the requirements, the app, and how the commissions work.
By the end, you’ll have a clear idea of what it takes to become a Firstmonie Agent online, what benefits come with it, and how to get started smoothly.
What is Firstmonie?
Before I began, I needed to understand what Firstmonie was. It’s a mobile banking service from First Bank of Nigeria that allows business owners to offer basic financial transactions without being a traditional bank branch. With the Firstmonie Agent app, customers can withdraw and deposit money, make transfers, pay utility bills, and even buy airtime. It’s especially useful in areas where bank branches are hard to find.
Why Become a Firstmonie Agent
I had plenty of reasons to join, but a few stood out:
Extra income came first. Every transaction earns a commission, and those small amounts pile up faster than expected.
My shop became busier. People came in to withdraw or send money and often bought other things while they were there.
It didn’t disrupt my existing business. It simply added a new line of income to what I already did.
It’s secure. The system runs under First Bank’s supervision, so transactions are protected.
And most importantly, it helped my community. Many people nearby didn’t have access to banks, so I became a reliable point for their financial needs.
Requirements to Become a Firstmonie Agent
Before registration, I made sure I met the basic conditions. Here’s what’s required:
- A Registered Business
First Bank prefers agents with a registered business. If yours isn’t registered yet, you can apply through the Corporate Affairs Commission (CAC). - A Good Business Location
You’ll need a visible, accessible place—like a shop, supermarket, or kiosk—where people can come for transactions. - A Valid ID
You’ll need one of these: National ID, Voter’s Card, Driver’s License, or International Passport. - A First Bank Account
All your transaction settlements and commissions will pass through this account. If you don’t have one yet, it’s best to open it before applying. - Bank Verification Number (BVN)
This is mandatory for identification and transaction security. - Sufficient Startup Capital
You’ll need some initial cash to fund withdrawals and other transactions for customers.
Step-by-Step Process to Become a Firstmonie Agent in Nigeria
When I applied, these were the exact steps I took:
1: Visit the nearest First Bank branch and ask about becoming a Firstmonie Agent. They’ll give you details about the registration form and requirements.
2: Fill out the application form carefully, providing your personal and business details, along with your documents.
3: First Bank may inspect your business premises to confirm that it meets its standards.
4: Once approved, you’ll be invited to a short training session where you’ll learn how to use the Firstmonie platform and handle transactions safely.
5: After training, you’ll receive your login details for the Firstmonie Agent app and the online portal, and you can start offering financial services immediately.
Using the Firstmonie Agent Portal
The portal is your online control center. You can log in to manage transactions, view reports, and monitor commissions. It’s accessible through the official Firstmonie Agent website.
Firstmonie Agent App
For daily operations, the app makes everything easier. It’s available on the Google Play Store and through the Firstmonie portal. With it, you can complete transactions, check your balance, and track your performance on the go.
How to Unlock a Locked Account or Reset Your PIN
At one point, I had my account locked after multiple incorrect logins. To fix it, I contacted Firstmonie customer care and also visited a nearby First Bank branch. If you ever forget your PIN, you can reset it directly through the app.
Earnings and Commissions
There’s no fixed salary for agents; you earn based on the number of transactions you complete. Commissions typically range from ₦50 to ₦500 per transaction, depending on the service type. Some agents make around ₦50,000 to ₦300,000 monthly, especially in busy areas. The more customers you serve, the higher your income grows.
Article updated 1 week ago. Content is written and modified by multiple authors.
