Top-tier bookmakers accept payment using First City Monument Bank, more commonly known as FCMB. They allow for payment through a wide array of ways, like USSD, ATM cards, online banking and mobile banking. For a vast majority who may find it challenging access to stable internet or even lack ATM cards, banking at FCMB branches may be ideal.
This article should give you more insight into the following areas:
Bet9ja ranks high among the betting sites tailored to suit the needs of the average Nigerian. While it does not exude the most fabulous user experience and layout, it is sufficiently navigable for even a newbie wager. Arguably, Bet9ja remains a favourite among many bettors. Given that FCMB has an extensive network of branches across the country, it is a reliable payment method. To transact, FCMB offers a variety of accounts and FCMB cards. It also permits the good old traditional bank deposits. Opening an account with FCMB is quick and easy!
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Best FCMB Bookmakers - 1xBet
1xBet an FCMB betting site that is a common name among punters. The FCMB debit cards, the MasterCard, Visa and Verve enable wagers to fund their accounts from anywhere, anytime! You can also opt to give the cashier possibility to complete the transaction for you. Otherwise, using FCMB on the 1xBet platform is one of the easiest options out there!
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1XBet is a betting platform that has taken Nigeria by storm. With over 100 ways of cashing in and out, 1xBet continues to be a convenient choice for many punters in the country. It is also easy to register and use the platform.
Advantages & limitations
Everything in life is prone to have positives and negatives. For online bookies that accept FCMB, here’s what to expect. Let's start with the upsides.
Transacting with FCMB is secure. They have invested in modern encryption tech to keep your money safe. Also, FCMB is keen to send you emails and SMS alerts as soon as you make a transaction. It is therefore crucial that you give them the correct email address and phone number, so that every time they send the alerts, you promptly receive them. This way, you will be better placed to know when someone is trying to access your account.
Their money transfers and withdrawals are relatively fast, deposits being instant. Their bank cards can also be used at ATMs.
Despite their positives outweighing their negatives, we must point them out. Theft is a possibility when you are careless with your PIN. Also, fans of traditional banking have to contend with the sometimes lengthy queues.
Transactions using FCMB are secure
You get email and SMS alerts
Money transfers are fast and real-time
Access to 9,000 ATMs across the nation
Possible theft when one accesses your card PIN
Unpleasant banking queues
How to obtain FCMB
Registration for FCMB can be done online. Go to FCMB’s website. You will need a scanned passport photo and signature. On the online account opening request form, fill in your country of residence, whether or not you're a new customer, email address, phone number, date of birth, and BVN. If you have a referral code, be sure to enter it. Read and accept the terms and conditions and a second page will pop up. Enter all your details, contact information, and upload the two required scans. Click on “Complete”, and you are done. Confirmation should be sent to your email.
An account with FCMB comes with a debit card that can be used to make payments on so many platforms. Get the FCMB debit card application form on the FCMB website. On the form, fill in your details and indicate the type of debit card you want from FCMB. Here are your options.
FCMB Visa Card
Visa cards need no introduction. The international brand can be used internationally and locally for transactions. It comes in three variants: classic, gold and platinum. Users can transact in Naira, USD or GBP.
The MasterCard is not a stranger, as well. Customers have a choice between the classic and the platinum categories. The debit card enables transaction in Naira only.
Verve is becoming popular by the day in Nigeria. Also, with a choice of platinum, gold and classic, you are invited to pick what suits you. The currency of operation with Verve is the Naira. Please note that you can visit your nearest FCMB branch to get FCMB if you prefer. Get an account application form, fill it and present it to the teller. Also, for the cards, if credit cards and prepaid are your cups of tea, please enquire about them.
IS FCMB Sports Betting safe?
Betting using FCMB is safe to use. The banks in Nigeria are required to maintain a certain level of security standard. FCMB transactions are protected using modern encryptions that make it harder for cybercrime to befall the financial services giant.
FCMB is one of the largest banks in Nigeria, offering financial services as well as internet banking. The fact that there exist several renowned FCMB bookies is a reason for you to rest assured about the safety of using it.
However, do not throw all caution to the wind. Keep your user ID and passwords safe from crafty hands and attentive eyes, so that you’re not an easy target of fraud. The customer care lines of the bank are open for assistance and for reporting suspected suspicious activity.
How to make a deposit
Deposits make through FCMB are quite easy to make. This is what you will need to do.
To deposit funds into your betting account that accepts FCMB, visit the nearest FCMB branch.
Get the FCMB cheque or funds transfer form as they don’t accept cash deposits.
Fill in the blanks of the form, providing the following details:Account Name of the bookie Account number which is the User ID you use to bet Depositor's name, i.e. your name The amount you want to deposit in your account Cheque No.: Payment using cheque requires that you give your FCMB cheque number
Indicate which bookie you are banking your cash/cheque in favour of.
Head to the cashier and hand them the completed form. Ask that the transaction be made through Paydirect.
Upon completion of the transaction, the cashier will give you a receipt. Keep it for future reference.
Depositing and Withdrawing with FCMB at Sportsbooks
When you're aware of whether or not your bookie of choice is an FCMB sports betting site, I’m sure the other thing you're wondering about is the charges pegged on FCMB transactions.
The transactions are processed relatively fast and may, therefore, be a desirable choice for many. Here is information on the speed and limits of FCMB deposits and withdrawals.
Deposit Times, Fees & Limits
₦ 100- ₦ 9,999,999
Withdrawal Times, Fees & Limits
Within 24 hours
Three business days
€10/Equivalent in ₦
Up to 5 working days
Alternative payment methods
Punters are spoilt for choice when it comes to payment methods. Some alternative processes available to bettors include Airtel Nigeria, which is a mobile money transfer service.
Second, there's Interswitch, an instant digital payment platform and third, OPay, a mobile platform available as an app for Android and iOS gadgets. The platform has zero transaction fees. Lastly, other major credit and debit cards also apply.
Debit cards are used everywhere, and MasterCard has everything you need from a debit card - it is fast, does not have any transaction fees and can be used anywhere.
No doubt that FCMB is well established in Nigeria. It offers a significant number of payment options like MasterCard, Visa and Verve. FCMB also has a functioning website on which prospective customers can register and make transactions seamlessly. Banking halls still stand as an option, especially for those who don’t necessarily want FCMB accounts, unstable internet connections or have no ATM cards.
FCMB is safe to use. However, remember to take reasonable care to escape looming fraud or cybersecurity attacks. Inform the bank as soon as you realize there’s alarming activity on your account. FCMB has a customer service line and email on which you can call them for clarification, help or report suspicious activities.
All said and done, FCMB remains a fast and reliable manner to cash out and cash for Nigerian punters.