Purchase of FX for School Fees Procesd

 

At FirstBank, we value you and are committed to keeping you informed about changes regarding FX requests.  Going forward, a minimum of 60 days is required in processing school fees, following the submission of Form A documents at the branch. This is subject to a maximum of $15,000 per semester, with a limit of 2 semesters per session. Application for Upkeep requires a minimum of 60 days for processing, subject to a maximum of $3,000 (or its equivalent in other currencies) per Semester (limited to 2 semesters per session). Evidence of payment of school fees for the current session will be required if fees were not paid through FirstBank. Kindly ensure that all PTA/BTA applications along with the approved Form A are submitted at the branch, exactly 14 days before your proposed travel date. Sales are limited to two quarters a year. Remember, Applications for Form A (School fees, Student Upkeep, PTA/BTA) must be processed on the Central Bank of Nigeria’s Trade Monitoring System (TRMS) Platform. This must be in line with Regulatory Requirements. Requests will be processed and disbursed subject to the availability of FX. Click here to see the requirements for FX purchase.   For enquiries, please email firstcontact@firstbanknigeria.com