Comparison

FirstMonie vs 5TT MFB

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

FirstMonie

This mobile money service allows users to send and receive funds, purchase airtime, and pay bills directly from their phone. It offers convenient access to a mobile wallet, enabling transactions without a traditional bank account.

Highlights
  • Send and receive money
  • Buy airtime and data
  • Pay bills and subscriptions
  • Make purchases from merchants
  • Self-registration in 3 minutes
  • Fund wallet from debit card or bank account
Features
Read full description

Experience a smarter way to bank and manage your money with FirstMonie, FirstBank's next-generation digital financial account. Built for convenience, security, and financial inclusion, FirstMonie gives you access to everyday banking services directly from your mobile device. Why Choose FirstMonie? Open Your Account in Minutes Open your FirstMonie account using your mobile number Complete digital onboarding with real-time identity verification Upgrade to higher account tiers through self-service options Access multilingual support in English, French, and Simplified Chinese Secure and Reliable Access Secure login with PIN, biometrics, and device authentication Enhanced protection through OTP verification Self-service account recovery and reactivation Advanced transaction monitoring and fraud prevention controls Add Money Conveniently Fund your FirstMonie account through multiple channels: Bank transfers Debit card funding Linked bank accounts USSD payments QR payments Cash deposits through approved channels Quick account number sharing and copy functionality Send and Receive Money Instantly Transfer funds instantly to banks and supported accounts Receive money directly into your FirstMonie account Get real-time transaction notifications Enjoy secure transaction authorization and confirmation Buy Airtime and Data Purchase airtime for yourself or others Buy data bundles across supported mobile networks Repeat transactions quickly using saved beneficiaries and transaction history Pay Bills Easily Electricity Cable TV subscriptions Internet services Education payments Utility services Grow Your Finances with Built-in Savings Capabilities Create and manage savings plans Save towards personal financial goals Monitor balances and savings progress in real time Access savings services directly within the app Track Your Finances View account balances in real time Access complete transaction history Download account statements Monitor spending and account activity Receive instant transaction confirmations and updates Manage Your Account from a Single Dashboard Update personal information Manage security preferences Change language settings Access Terms and Conditions and Privacy Policy Locate nearby FirstMonie Agents and FirstBank Branches Perform self-service account management anytime Additional Features Include: Beneficiary management Recurring payments Electricity token retrieval Downloadable receipts and payment confirmations Download FirstMonie today!

About

5TT MFB

Features
Read full description

Smart banking for saving, spending and bills payment 5TT Microfinance Bank is your trusted banking partner— designed to help you save money, make transfers, pay bills easily and securely. Whether you’re managing personal finances or running a small business, the 5TT MFB Mobile App puts the power of smart banking right in your hands. 1. Spend — Fast, Reliable Banking Make instant transfers to any Nigerian bank. Pay bills, buy airtime, and handle daily payments seamlessly. Monitor your account balance and transaction history in real time. Enjoy secure mobile banking powered by CBN-approved systems. 2. Save — Earn Competitive Interest Save automatically and earn attractive interest rates. Choose flexible or fixed savings to meet your financial goals. Track your savings progress anytime, anywhere. Build financial discipline and grow your funds safely. Powerful Banking Features - Instant account opening (no paperwork). - Fund your account easily via transfer. - Add and manage beneficiaries quickly. - Get real-time notifications for every transaction. - Download statements. Secure Digital Banking Your data and money are protected with advanced encryption, firewalls, and multi-factor authentication. The 5TT MFB App is fully compliant with CBN regulations and NDIC insurance for customer deposits.

Screenshots

FirstMonie4 screens
5TT MFB4 screens

Verdict

The call

FirstMonie and 5TT MFB are too close to call on the numbers: across 5 compared parameters — price, ads, in-app purchases and device support among them — neither pulls far enough ahead to decide it. What separates them is feature set and interface, not measurable difference.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

ScorecardNo meaningful differences
FirstMonie versus 5TT MFB: the parameters behind the verdict, then further details
ParameterFirstMonie5TT MFB
PriceFreeFree
Rating3.2 (65 ratings) — better—
Positive reviews20.7% of reviews—
Number of ratings65 — better—
Update frequencyEvery 3 weeks—
AdsNoNo
In-app purchasesNoNo
MonetizationFree—
DevicesiPhone, iPad, iPodiPhone, iPad, iPod
Requires iOS15.515.1 — better
Further details — not scored
Size161 MB42 MB
Age rating4+4+
DeveloperFirst Bank of Nigeria Limited5TT Microfinance Bank

In-app purchases

None

FirstMonie

No in-app purchases

None

5TT MFB

No in-app purchases

Questions

Is FirstMonie free?
FirstMonie is free to download, with no in-app purchases.
Is 5TT MFB free?
5TT MFB is free to download, with no in-app purchases.
Do FirstMonie or 5TT MFB have ads?
Neither FirstMonie nor 5TT MFB shows ads.

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