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Nairaland Forum / Nairaland / General / Business / What Is The Maximum Deposit And Balance For A Savings Account? (191229 Views)
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What Is The Maximum Deposit And Balance For A Savings Account? by andersonbaba(f): 6:25am On Nov 28, 2016 |
A friend of mine has a Savings account and he plans to use it for land transaction worth about 10million naira. the questions now are; 1. can 10 million naira be deposited in a savings account without query? 2. will he be able to make a withdrawal from the individual savings account without being arrested bt security operatives ? 3. will his account be frozen for some policies reason and where that happens, will he still be able to access his hard earned cash? 4. is there anything like maximum cumulative balance and if there is what is the maximum balance for a savings account 8 Likes 4 Shares |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by okenwa(m): 6:32am On Nov 28, 2016 |
Deposit the money piece by piece. Or give different depositors to lodge the money into the account 8 Likes |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by andersonbaba(f): 6:38am On Nov 28, 2016 |
okenwa: it is the buyer that will make the deposit to the agent. I don't think he might want to go through that stress and he might look a little suspicious 7 Likes |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by UrennaNkoli(f): 6:38am On Nov 28, 2016 |
okenwa:Even with that, if they suspect any sudden boom in your account balance, they'll call for your head and get the efcc involved. . Banks and ofofo are like bread and butter 59 Likes 4 Shares |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by andersonbaba(f): 6:45am On Nov 28, 2016 |
UrennaNkoli: that is the fear my dear. so I want to know if there is a way someone can go about this. as he cannot go and open a new current account due to the urgency of the matter 6 Likes 2 Shares |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by Pieromania: 7:17am On Nov 28, 2016 |
why should u be afraid,people do play bettings and win huge sum deposited into an account that has never had a lodgement of 20k before and stil withdraw the money.if they cal u to come explain,go and explain yourself,it is normal. 163 Likes 11 Shares |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by andersonbaba(f): 7:17am On Nov 28, 2016 |
does anyone know how much is the maximum deposit for G.t Bank, Zenith and Diamond bank? 6 Likes 1 Share |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by andersonbaba(f): 7:26am On Nov 28, 2016 |
Pieromania: it is because of a colleague's terrible experience with a Nigerian bank after a lodgement of 1 million naira was paid to a savings account she opened during her university days. 6 Likes 1 Share |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by Sunnymatey(m): 7:28am On Nov 28, 2016 |
you hav nothing to fear, lodge ur money and if anyone calls u just explain hw u come by the money. Onece there's an evidence, u re good to go. 13 Likes 1 Share |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by sluvy4tune(m): 7:47am On Nov 28, 2016 |
Chill bro I once had this encountered, go and discuss with your account officer that you are expecting such amount, if your account can take it they let you know, if it can not they will ask you to do an upgrade which cost not less than a proper means of identification. Stay Fruitful. 154 Likes 8 Shares |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by andersonbaba(f): 7:57am On Nov 28, 2016 |
sluvy4tune: #sighs... Banks and their wahala. Ok sir thanks 2 Likes |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by andersonbaba(f): 7:59am On Nov 28, 2016 |
Sunnymatey: Chai!!! u say make e no fear? this is client's money ooo for a distress sale 2 Likes |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by baridamhoney(f): 8:39am On Nov 28, 2016 |
@lalasticlala ... put it on front page so that I can know the limit that my bank acct can take before some bank attendants begin to speak "turenshi" on my money 5 Likes |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by baridamhoney(f): 8:40am On Nov 28, 2016 |
sluvy4tune: How did u solve your own matter? 2 Likes |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by andersonbaba(f): 8:46am On Nov 28, 2016 |
baridamhoney: you are right dear. one of these bank officials might help us out before someone will create a thread of how he / she lost money to a bank 2 Likes |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by Pieromania: 8:48am On Nov 28, 2016 |
andersonbaba:it depends on the document he used in opening the account,if he opened a regular account with normal valid id card,like national id card,international passport,or driver's license,he cn operate millions. Bt if it is nt a regular accnt then he has to upgrade the account to be able to accommodate such amount. 26 Likes 5 Shares |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by baridamhoney(f): 8:51am On Nov 28, 2016 |
Pieromania: So are u saying that it I only my id card that will be required to upgrade my account to accommodate millions and can it be done at any branch? 1 Like |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by andersonbaba(f): 8:57am On Nov 28, 2016 |
Pieromania: then what is the essence of our BVN then? 3 Likes |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by baridamhoney(f): 9:31am On Nov 28, 2016 |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by baridamhoney(f): 9:32am On Nov 28, 2016 |
andersonbaba: sluvy4tune: This guy may be right tho 5 Likes 1 Share |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by pussypounder(m): 12:18pm On Nov 28, 2016 |
F**uck my school and F***uck my teacher too.....skruuuuuu skruuuuuuuuuuuuuuuuuuuuuuu yahoo+ take over Meanwhile, win an iPhone 7 in my forum game https://www.nairaland.com/3490258/last-comment-wins-iphone-7 December Holiday Giveaway 15 Likes 2 Shares |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by KnightSucre(f): 12:18pm On Nov 28, 2016 |
0 naira |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by Nobody: 12:18pm On Nov 28, 2016 |
My brother ever since I started burying my money in the ground nsogbu ndi ori a kusi gho... The money Laundry Act has a clear definition on the maximum before your account gets flagged and minimum is 1000 Naira especially in one particular bank called... 2 Likes |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by SweetJoystick(m): 12:19pm On Nov 28, 2016 |
10m can be deposited as long as he has documents showing the value of the transaction 1 Like |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by celestialAgent(m): 12:19pm On Nov 28, 2016 |
10 million, mmm will take that for sure! 1 Like |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by omoadeleye(m): 12:19pm On Nov 28, 2016 |
Well. Saving account is meant for low income earners, where you can save some little amount let say below 40k and your friend is an average earner he should have opted for current account 3 Likes |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by ironMind: 12:20pm On Nov 28, 2016 |
I am know that you is not get minimum and maximum. Any money you is carry to bank, she is collect and deposit. Only if you is carried fake money then they is look it in their club blue light. It is show that it fake. They not collect. 3 Likes |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by daniska3yaro(m): 12:20pm On Nov 28, 2016 |
Hmmm |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by Nobody: 12:20pm On Nov 28, 2016 |
1. Can 10 million naira be deposited in a savings account without query? NO ---BREAK IT INTO TWO 2. will he be able to make a withdrawal from the individual savings account without being arrested bt security operatives ? NO ---DO TRANSFER 3. will his account be frozen for some policies reason and where that happens, will he still be able to access his hard earned cash? NO 4. is there anything like maximum cumulative balance and if there is what is the maximum balance for a savings account? DEPENDS 14 Likes 1 Share |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by haibe(m): 12:21pm On Nov 28, 2016 |
U don do yahoo con dey pretend abi.. lol 19 Likes 1 Share |
Re: What Is The Maximum Deposit And Balance For A Savings Account? by wiloy2k8(m): 12:22pm On Nov 28, 2016 |
3 billion 4 Likes |
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