₦airaland Forum

Bankers and business men in the house your help is needed.
Can my standard savings account receive a 7 million naira deposit at once without Bank freezing the account? Or Should I tell the friend to split it?

Note: This account currently has a balance of 1.2 million naira already.
Please your advice is needed before making this transaction to avoid Bank wahala Cuz I haven't received this huge inflow before..

Wow
You can use my savings account to test if it’ll receive the 7million, instead of risking your own
But for real, while creating Gtb Acc they ask for expected monthly or annual inflow range, so your safe if you ticked millions.
You can still decide to split it to be safe
I think the only account they hold for large sums are student accounts or accounts created in school (without NIN and all)
If it’s from a Legit source, you’re safe

Yes it can, some banks might ask your account officer to do a fresh KYC for you to update your status and also you will be required to get a reference from a current account holder

GGiftedHands:
Bankers and business men in the house your help is needed.
Can my standard savings account receive a 7 million naira deposit at once without Bank freezing the account? Or Should I tell the friend to split it?

Note: This account currently has a balance of 1.2 million naira already.
Please your advice is needed before making this transaction to avoid Bank wahala Cuz I haven't received this huge inflow before..

Call your account officer or speak with your bank's customer care to find out.
If your account is frozen cos of the inflow, all that's required is to visit the bank with your valid I.D card

GGiftedHands:
Bankers and business men in the house your help is needed.
Can my standard savings account receive a 7 million naira deposit at once without Bank freezing the account? Or Should I tell the friend to split it?

Note: This account currently has a balance of 1.2 million naira already.
Please your advice is needed before making this transaction to avoid Bank wahala Cuz I haven't received this huge inflow before..

make sure the sender screen shot it or photocopy the teller , the bank will froze it thinking it was a mistake someone did . Until you proof to them it wasn't a mistake by providing the sender receipt. Because the account has never received that amount before . If you prove it, within one minute your account will be un froze. Note.. if you can't prove it even your #1.2 you can't withdraw it