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What Is The Difference Between Tier 1, Tier 2 And Tier 3 - Business - Nairaland

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What Is The Difference Between Tier 1, Tier 2 And Tier 3 by lalassticlala: 4:40am On Feb 25, 2017
I want to open an account, but I do not know what these things are.

I went to GT, and the form they gave me has tier 1 on it while Diamond's and FCMB's has tier 2 and tier 3 respectively.

please help a kwan-fues nairalander here
Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by Kcinho(m): 4:57am On Feb 25, 2017
Lala u go like sleep small first
Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by timilehing(m): 5:05am On Feb 25, 2017
Show those forms to your best pals na. . . . . . Sna......................

1 Like 2 Shares

Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by Poorboy: 5:35am On Feb 25, 2017
So na now u wan get accout abi... Ok wetin be GT because i only know GTB? lalasticala answer ooo
Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by rawpadgin(m): 5:46am On Feb 25, 2017
let's make a deal

if i tell u henceforth u go dey push every of my thread to FP whether he make sense or not
Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by Bibi294(f): 5:55am On Feb 25, 2017
Is this lalastica ni
Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by pendusky(m): 6:20am On Feb 25, 2017
lalassticlala:
I want to open an account, but I do not know what these things are.

I went to GT, and the form they gave me has tier 1 on it while Diamond's and FCMB's has tier 2 and tier 3 respectively.

please help a kwan-fues nairalander here

tier 1 account are account that you can open without necessary documents except your passport photograph,its for low earners so they can be financially included. limit on tier 1 account is about 200-300k

Tier 2 needs at least ID card and passport photograph, has about 500k limit


tier 3 account needs ID card, Utility bill and passport photograph and KYC is conducted on the account before or after onboarding . no limit.

25 Likes 3 Shares

Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by brightpre(m): 12:09pm On Feb 25, 2017
Poorboy:
So na now u wan get accout abi... Ok wetin be GT because i only know GTB? lalasticala answer ooo
guy afa,how you and chepy1,abeg Mona give me small line,I dey Delta, could not get kelvin contact again
Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by mrBLAYD(m): 9:46pm On Nov 01, 2018
600k was transferred to my account from a friend and I was alerted that my account was placed on "LIEN" even the money did not reflect in my account, it's showing available *****, ledger **** and lien 600,000

I was directed to go to any branch of my bank to upgrade my account to tier 3 with my utility bill.

My question is this, I already have some outstanding loans with one bank which they threatened to have planned to frozen all my account linked with Bvn....... Could this be what happened or the upgrading of account to tier 3 ?


Thanx

1 Like

Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by adejobisherif(m): 12:30pm On Nov 19, 2018
Me think the loan do not relate with the lien. Loan issue can only be an escalation of your loan position to block obtaining new loans.

The lien simply indicates need to upgrade to tier 3 as you were directed. You have a lower tier bank account here.

Tier 1 has balance limit of 200k, tier 2 is 400k limit and tier 3 has no limit.

mrBLAYD:
600k was transferred to my account from a friend and I was alerted that my account was placed on "LIEN" even the money did not reflect in my account, it's showing available *****, ledger **** and lien 600,000

I was directed to go to any branch of my bank to upgrade my account to tier 3 with my utility bill.

My question is this, I already have some outstanding loans with one bank which they threatened to have planned to frozen all my account linked with Bvn....... Could this be what happened or the upgrading of account to tier 3 ?


Thanx

4 Likes

Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by Sayelabola(m): 4:48pm On Oct 24, 2021
The lien simply indicates need to upgrade to tier 3 as you were directed. You have a lower tier bank account here.

Tier 1 has balance limit of 200k, tier 2 is 400k limit and tier 3 has no limit.

[/quote]

My Fidelity bank account was also placed on LIEN recently; I have provided my NIN and utility bill at the bank branch as directed for an upgrade.

It escaped my mind, would have asked the bank staff which tier my account was upgraded to.

But with your above explanation, I am sure it should be the tier 3.

Thanks for the clue, happy Sunday!
Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by Xman12345goat: 8:12am On Feb 05, 2022
pendusky:


tier 1 account are account that you can open without necessary documents except your passport photograph,its for low earners so they can be financially included. limit on tier 1 account is about 200-300k

Tier 2 needs at least ID card and passport photograph, has about 500k limit


tier 3 account needs ID card, Utility bill and passport photograph and KYC is conducted on the account before or after onboarding . no limit.

So more than 1 million can be transferred in a day
Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by MichaelSokoto(m): 3:24pm On May 20, 2022
lalassticlala:
I want to open an account, but I do not know what these things are.

I went to GT, and the form they gave me has tier 1 on it while Diamond's and FCMB's has tier 2 and tier 3 respectively.

please help a kwan-fues nairalander here
Baba u don resolve dis issue since?
grin
Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by Tesclaros(m): 2:48am On Jun 19, 2022
brightpre:
guy afa,how you and chepy1,abeg Mona give me small line,I dey Delta, could not get kelvin contact again
Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by Tesclaros(m): 2:48am On Jun 19, 2022
Poorboy:
So na now u wan get accout abi... Ok wetin be GT because i only know GTB? lalasticala answer ooo
bro longest time.. You still in contact with Chepy1?
Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by Poorboy: 8:38am On Jun 19, 2022
Tesclaros:
bro longest time.. You still in contact with Chepy1?
Noooo I no see that guy again.

2 Likes

Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by Poorboy: 8:45am On Jun 19, 2022
Tesclaros:
bro longest time.. You still in contact with Chepy1?
just sent you a on let's talk on Mail
Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by Tesclaros(m): 10:31am On Jun 19, 2022
Poorboy:
just sent you a on let's talk on Mail
whatsapp ‪+1 (
Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by Poorboy: 1:26pm On Jun 19, 2022
[quote author=Tesclaros post=113947963] whatsapp ] ok
Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by Tesclaros(m): 3:29pm On Jun 19, 2022
Poorboy:
ok
kindly remove my no from ur quote thanks
Re: What Is The Difference Between Tier 1, Tier 2 And Tier 3 by 7upnigeria: 8:57am On Apr 30, 2023
Still dont understand, how do I know the tier my own account belongs to

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