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Nairaland Forum / Nairaland / General / Business / You Must Have A Minimum Of 25k In Your Accounts- Uba (3338 Views)
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You Must Have A Minimum Of 25k In Your Accounts- Uba by billante(m): 5:01am On Jul 01, 2011 |
Average Nigerians may resort to keeping their money at home as Deposit Money Banks in Nigeria begin to increase the minimum account balance for individual customers. http://www.punchng.com/Articl.aspx?theartic=Art201106303534193 ARE THESE GUYS CRAZY OR WHAT!!! HAVE 25K SITTING IN MY ACCOUNT DOING NOTHING!! ONLY FOR THEM TO USE MY MONEY AND BUY PRIVATE JETS AND MANSION AT EUROPE, THEY MUST BE KIDDING!! |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by edoyad(m): 7:15am On Jul 01, 2011 |
When someone first mentioned this at the office last week, we brushed it aside and insisted he must have misunderstood the information. Let me put this into perspective, people with minimum cash balance of 1k who earn less than 24k will automatically receive no salary in the month this takes effect ? Wonderful ! |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by otokx(m): 9:49am On Jul 01, 2011 |
They will not implement it; that was how intercontinental bank tried to do the 10000 and it did not work |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by aieromon(m): 10:30am On Jul 01, 2011 |
Are these people for real?If your problem is the long queues in banking halls,put a restriction on the amount of funds that can be cashed inside the banking hall and promote the use of ATM cards. This is absolutely ridiculous and will not see the light of day.Phuckin' b@$+ards!!! |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by Nobody: 11:26am On Jul 01, 2011 |
UBA, mtcheeeeeewwwwww. This is just the beginning, soon they'll be charging customers to access their banking halls. Useless bank. Its GTB all the way, I just opened my account there and realized they pay monthly interest on deposit. So loving it. |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by AbuMaryam1(m): 11:29am On Jul 01, 2011 |
In my perception, if you have less than 25k remaining balance. the bank dont need you in it premises for transaction |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by hannie: 12:57pm On Jul 01, 2011 |
dem don dey madt . . . awon ole oshi! |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by Afam4eva(m): 1:07pm On Jul 01, 2011 |
If they decide to go through with it. Then it will be the beginning of the end of UBA. Useless bank. |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by Nobody: 1:18pm On Jul 01, 2011 |
afam4eva:Guy their balance sheets states otherwise o |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by Afam4eva(m): 2:33pm On Jul 01, 2011 |
blink182: Have they gone through with it already? |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by houvest: 2:41pm On Jul 01, 2011 |
lmao |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by Enoquin(f): 2:59pm On Jul 01, 2011 |
I heard this since the beginning of this month from a UBA staff and when I told her that it could lead to a mass withdrawal, she shrugged indifferently and said it won't matter to the bank and that it would actually be a big relief. I asked another staff of Fidelity, who denied that the bank was going to increase its minimum balance for regular savings and current accounts. |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by Enoquin(f): 3:02pm On Jul 01, 2011 |
^^^^^^^^^^ I meant last month |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by Nobody: 3:27pm On Jul 01, 2011 |
afam4eva:Honestly sir that is none of my business, why are you people shouting, the bank is out to service upper middle class and the rich as for the rest of you, you can buzz off, your presence is no longer needed. IBTC and emmmmmm, the bank owned by mike adenuga. . . ehen Equitorial Trust Bank. Even with your hundred thousand no one wil look at your face there. So let UBA be. You are all welcomed to GTB and OCEANIC |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by jamace(m): 5:57pm On Jul 01, 2011 |
How can one leave 25k idle in a bank account when the minimum wage in Nigeria is 18k? |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by billante(m): 9:14pm On Jul 01, 2011 |
jamace: Don't mind them, at least under our mattress and clay pots still dey, we just do it as our grand parents did back in days, maybe we should also buy guns or acid to protect them from bad guys! |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by emmatok(m): 1:49pm On Jul 03, 2011 |
blink182: My friend, stop that nonsense talk, If you are privileged to have $1m in your UBA ACCT. that is your problem. Majority of Nigerians don't get 10k to to feed par month yet UBA wants them to forget 25k in their account. And I though current accounts do not need minimum balance, why is UBA extending this to current acct? |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by emmatok(m): 1:52pm On Jul 03, 2011 |
MODERATOR CAN WE PLEASE HAVE THESE TREAD ON FRONT PAGE? I know most people here use UBA accounts. |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by tomialph(m): 3:27pm On Jul 03, 2011 |
Having 200USD as minimum balance is alien to all known standard banking practice world over. This is what happens when we have an extremist at the hemls of financial regulation and a weakling as a president. I weep for this nation. |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by Abali1(m): 3:44pm On Jul 03, 2011 |
Wait oh people. Does it mean as I would normally forfeit 1k when I want to close an account is the same way I will now forfeit 25k for UBA in my account. E be like say UBA wan witness mass litigation from Naija pips. First these guys did not even do any enlightenment campaign for at least one month and they want to start duping people of their 25k by 1st of July. Make them try first. For those saying that their balance sheet is strong, don't forget that it only takes mass withdrawals from your depositors for your bank to go under, no matter how strong a bank thinks it is. |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by Nobody: 9:18am On Jul 04, 2011 |
emmatok:My guy I still stick to my view, there are over 20 alternatives to UBA so move your lean cash out before they seize it legally. By the way I don't have that kind of money and I don't bank with UBA, the bank has always irritated me. |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by theodoz: 9:40am On Jul 04, 2011 |
79 percent of the populace are unbanked and they still want to increase it. One day they mandate all nigerians to have account with 'haram' bank |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by Nobody: 10:01am On Jul 04, 2011 |
Nairalanders are too daft and always looking to make hate statements. Grow up pls |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by Abali1(m): 10:27am On Jul 04, 2011 |
@blink182, it is true that you don't bank with them. But has it ever occurred to you that if UBA can get away with such policy other Nigerian banks will soon start implementing it. @topic, the simple question I asked myself yesterday was this; "if UBA is about to go bankrupt, and am required to make a cash donation of 25k to save it, will I do it?" the simple answer is NO. Then why should I leave my 25k balance with UBA, because I want to still be their customer? |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by HisExcellencyBKNjoku: 10:32am On Jul 04, 2011 |
This will no doubt affect if not all, the middle class who earn less than that amount to be left in their a/c. I also feel for same class of people that their companys or establishment that makes it compulsory opening salary a/c via such banks. It will be hard. Is this what Sanusi is planning for the common man. |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by Nobody: 10:34am On Jul 04, 2011 |
Abali1:Other banks wont dare, it will cause an uproar. People will definitely be forced to find alternative means of keeping their money, UBA is only migrating from everybody's bank to servicing high net worth individuals. I am tired of people crying of this and unsubscribing to this thread. If you don't like what is happening there, take your cash elsewhere instead of trying to cause a stare. |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by Nobody: 5:36pm On Jul 05, 2011 |
i was @ UBA bank today and it has been implemented, i tried to open a new account and they told me to bring 25k before any oda stuff wld go on, Trust me,UBA bin d largest bank in Africa would crumble if they dont stop this bullshit, i was at the bank with 3 oda people who also wanted to open new account and we all left without lookin back, now imagine how many customers they would be loosing daily from every bank branch, imagin they have 200branches and this branches looses 3 customers daily, 200*3=600 |
Re: You Must Have A Minimum Of 25k In Your Accounts- Uba by FOD(m): 5:39pm On Jul 05, 2011 |
A thread on this already exists. Please posts your comments on this thread below: https://www.nairaland.com/nigeria/topic-704887.0.html |
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