Here are the answers for those searching for the Access Bank Savings account maximum balance in Nigeria.
You may be familiar with the banks’ minimum balance requirements, but did you know there is a maximum balance you can have in your account?
A bank sets up a maximum balance to regulate money inflow and outflow on every account offered.
What Are The Requirements
Below are the basic requirements to open an Access Bank Savings account:
- A completed account opening form, including the signature mandate section
- One passport photograph
- KYC documentation of the customer
- A valid proof of residence
- A visitation reports
- BVN of the signatory
- The AML risk assessment
- Where applicable, customer data should be verified with NIMC, INEC, FRC, and others.
- An opening balance of at least N1,000
These are the basic requirements to open an Access bank savings account in Nigeria.
Access Bank Savings Account Maximum Balance
The maximum balance for Access Instant savings accounts is N300,000.
The maximum balance for Access Bank Instant Savings 2 is N500,000.
This is the Access Bank savings account minimum balance in Nigeria.
What Is The Maximum Single Deposit
The maximum single deposit you can make for Access Instant savings 1 is N50,000, whereas the maximum deposit for Access Instant 2 is N100,000.
The maximum cheque deposit for the premier savings account is N2,000,000.
This is the maximum single deposit you can make in your Access Bank savings account in Nigeria.
What Happens When You Exceed Your Limit
When you try depositing more than your limits, the bank will reject your deposit.
You are forced to deposit the money in any other account or use the cash in trust funds.
The bank will not accept any more money from you if you have already reached your limits.
This is all you need to know about Access bank savings account maximum balance in Nigeria.