NewStats: 3,262,630 , 8,177,731 topics. Date: Tuesday, 03 June 2025 at 05:53 AM 704t62

A friend of mine has a Savings 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 without query?

2. will he be able to make a withdrawal from the individual savings without being arrested bt security operatives ?

3. will his 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

Deposit the money piece by piece. Or give different depositors to lodge the money into the

okenwa:
Deposit the money piece by piece. Or give different depositors to lodge the money into the

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

okenwa:
Deposit the money piece by piece. Or give different depositors to lodge the money into the

Even with that, if they suspect any sudden boom in your balance, they'll call for your head and get the efcc involved. . Banks and ofofo are like bread and butter

UrennaNkoli:

Even with that, if they suspect any sudden boom in your balance, they'll call for your head and get the efcc involved. . Banks and ofofo are like bread and butter

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 due to the urgency of the matter

why should u be afraid,people do play bettings and win huge sum deposited into an 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.

does anyone know how much is the maximum deposit for G.t Bank, Zenith and Diamond bank?

Pieromania:
why should u be afraid,people do play bettings and win huge sum deposited into an 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.

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 she opened during her university days.

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.

Chill bro

I once had this encountered, go and discuss with your officer that you are expecting such amount, if your 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.

sluvy4tune:
Chill bro

I once had this encountered, go and discuss with your officer that you are expecting such amount, if your 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.

#sighs... Banks and their wahala. Ok sir thanks

Sunnymatey:
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.

Chai!!! u say make e no fear? this is client's money ooo for a distress sale

@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

sluvy4tune:
Chill bro

I once had this encountered, go and discuss with your officer that you are expecting such amount, if your 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.

How did u solve your own matter?

baridamhoney:
@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

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

andersonbaba:


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 she opened during her university days.

it depends on the document he used in opening the ,if he opened a regular with normal valid id card,like national id card,international port,or driver's license,he cn operate millions.
Bt if it is nt a regular accnt then he has to upgrade the to be able to accommodate such amount.

Pieromania:
it depends on the document he used in opening the ,if he opened a regular with normal valid id card,like national id card,international port,or driver's license,he cn operate millions.
Bt if it is nt a regular accnt then he has to upgrade the to be able to accommodate such amount.

So are u saying that it I only my id card that will be required to upgrade my to accommodate millions and can it be done at any branch?

Pieromania:
it depends on the document he used in opening the ,if he opened a regular with normal valid id card,like national id card,international port,or driver's license,he cn operate millions.
Bt if it is nt a regular accnt then he has to upgrade the to be able to accommodate such amount.

then what is the essence of our BVN then?

andersonbaba:



then what is the essence of our BVN then?

I don't know ooo

andersonbaba:
A friend of mine has a Savings 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 without query?

2. will he be able to make a withdrawal from the individual savings without being arrested bt security operatives ?

3. will his 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

sluvy4tune:
Chill bro
I once had this encountered, go and discuss with your officer that you are expecting such amount, if your 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.

This guy may be right tho

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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 gets flagged and minimum is 1000 Naira especially in one particular bank called...

10m can be deposited as long as he has documents showing the value of the transaction

10 million, mmm will take that for sure!

Well. Saving 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

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.

Hmmm

1. Can 10 million naira be deposited in a savings without query? NO ---BREAK IT INTO TWO

2. will he be able to make a withdrawal from the individual savings without being arrested bt security operatives ? NO ---DO TRANSFER

3. will his 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 ? DEPENDS

U don do yahoo con dey pretend abi.. lol

3 billion