₦airaland Forum

Sorry I dnt no where to post this,can a cheque from another bank be paid into ur acct in a different bank not the bank dat has the cheque?

Yes...if you have a current account.

No I dnt

Caracta:
Yes...if you have a current account.

how much is the highest amount a savings account can hold?

kellystech:
how much is the highest amount a savings account can hold?

You may have to confirm from your bank. There are different types of savings accounts with different thresholds.

If you are a billionaire, you can spread your savings.

Caracta:
You may have to confirm from your bank. There are different types of savings accounts with different thresholds.

If you are a billionaire, you can spread your savings.

buh is it possible for it hold more than 3m?, I just hav one acct for nw. Thanks for ur swift response

kellystech:
buh is it possible for it hold more than 3m?, I just hav one acct for nw. Thanks for ur swift response

It depends on the bank really. A normal savings account should. There are different types. Some won't allow above 200k. If your account has never witnessed such large amount or your specified occupation couldn't fetch such that fast, questions may be asked. Again, confirm from your bank. A simple phone call or e-mail would settle this.

kellystech:
Sorry I dnt no where to post this,can a cheque from another bank be paid into ur acct in a different bank not the bank dat has the cheque?

Please answer this questions:

1). Is your name written on the cheque?

2). The bank into which you are lodging the cheque, who owns the account? Is it yours?

3). Do the names on the cheque match the name of the account into which the cheque is being paid, in the 2nd bank?

4). Have you ever heard of the term 'clearing operations,' in banking parlance/

5). Finally, how old are you and do you have a bank account?

laudate:
Please answer this questions:

1). Is your name written on the cheque?

2). The bank into which you are lodging the cheque, who owns the account? Is it yours?

3). Do the names on the cheque match the name of the account into which the cheque is being paid, in the 2nd bank?

4). Have you ever heard of the term 'clearing operations,' in banking parlance/

5). Finally, how old are you and do you have a bank account?

my name is written on the cheque
The account is mine
Yes
No
Late twenties

Caracta:
It depends on the bank really. A normal savings account should. There are different types. Some won't allow above 200k. If your account has never witnessed such large amount or your specified occupation couldn't fetch such that fast, questions may be asked. Again, confirm from your bank. A simple phone call or e-mail would settle this.

ive been using the said account for cash deposit of 2-500k buh ive used for up to 3.something million and I dnt want to go and cash the money den move with cash to my bank to deposit, anyway I will make inquiries frm my bank 1st tin in the morning, thanks once again

kellystech:
my name is written on the cheque
The account is mine
Yes
No
Late twenties

If you are the owner of the account, then the cheque should clear provided the name on the cheque matches the one on your account and there are funds in the account of the person that issued the cheque, which are enough to cover the amount written on that cheque.

Hope it is clear.

laudate:
If you are the owner of the account, then the cheque should clear provided the name on the cheque matches the one on your account and there are funds in the account of the person that issued the cheque, which are enough to cover the amount written on that cheque.

Hope it is clear.

thanks

kellystech:
ive been using the said account for cash deposit of 2-500k buh ive used for up to 3.something million and I dnt want to go and cash the money den move with cash to my bank to deposit, anyway I will make inquiries frm my bank 1st tin in the morning, thanks once again

Ok. I think you use a regular savings account.

Anyway, since you don't have a current account for this clearing cheque we are talking about, why not let the sender make an online transfer into your savings account? Easier and better.