⚠️ IMPORTANT: FCMB Bank Account Number Update
Effective from 9 July 2026, FCMB Bank account users must use their NEW account numbers for all Virtual Account transactions.
Critical Information:
If you previously used FCMB Bank, please note that any account numbers registered before 9 July 2026 are no longer active for receiving payments. Please login into your portal to sign up for your new Virtual Account verify your new account number.
- Any transactions sent to FCMB account numbers registered before 9 July 2026, will not be processed.
- Refunds for transactions to old account numbers require manual intervention
- Merchants must raise a ticket with Merchant Services ([email protected])
- Refund processing time: Estimated 10 business days
- No guarantee of full refund amount (bank charges may apply)
Action Required:
✅ Update your payment details immediately with your new FCMB account number
✅ Update any automated payment systems or recurring transfers
✅ Verify your new account number in the Collection dashboard
What is a Virtual Account (VA)?
The VA enables clients to receive local currency payments through a dedicated local bank account.
How can I identify my VA Account Number?
Account number : 9113708052 (example)
This is the unique account identifier used for local currency transfers.
Available Banks for your Virtual Accounts
WorldFirst supports Virtual Accounts with the following banks:
| Bank Name | Status |
| FCMB Bank | ✅ Updated – New account numbers in effect |
| Wema Bank | ✅ Active |
| Globus Bank | ✅ Active |
| Optimus Bank | ✅ Active |
| Fidelity Bank | ✅ Active |
| Parallex Bank | ✅ Active |
Recommended banks by Business Type
| Business Type | Recommended Bank |
| Freelancer | Wema |
| E-commerce Seller | Wema |
| Digital Agency | Wema |
| SME Importer | FCMB |
| Trading Company | FCMB / Fidelity |
| Large Importer | Fidelity |
| High-Volume Merchant | Fidelity |
| Corporate / Enterprise | Fidelity |
Recommended banks by Transaction Value
| Transaction Value | Recommended Bank |
| <50M NGN (40k USD) | Wema |
| 50M NGN (40k USD) – 100M (80k USD) | Fidelity |
| >100M NGN (80k USD) | FCMB |
How to Open an VA Receiving Account
Step 1: Access Collection Dashboard
1. Log in to your World Account dashboard
2. Navigate to the “Collection” tab
3. Click on “Manage Accounts”
4. Select “Add a New Receiving Account”
Step 2: Select Currency and Bank
1. Choose NGN as your currency
2. Select your desired bank from the dropdown:
1. Wema Bank
2. Fidelity Bank
3. FCMB
4. Optimus Bank
5. Globus Bank
6. Parallex Bank
What are the payment networks I can use with my VA?
| Payment Network Name | Transaction Threshold | Payment Network Details | Recommendation |
| NIP Transfer | 100 million NGN (80K USD) | Instant transfer Most commonly used by customers | Recommended method for daily collections. |
| Etranzact Network | Maximum: 200 million NGN (160k USD) | Real-time local payment network Supports higher transaction amounts | |
| NEFT Transfer | Above 100 million NGN (above 80k USD) | Batch processing Not instant May require 0–1 working day | Recommended for large transactions. |
Disclaimer
This document is provided for general informational and operational reference purposes only. It does not constitute an offer, solicitation, marketing, or invitation to provide regulated services in any jurisdiction.
