Home Microfinance Banks Access Bank Saving Account Limit, Premier, Tier 1 & 2

Access Bank Saving Account Limit, Premier, Tier 1 & 2

by Auwal Abdullahi

This article has contained a detailed information about the access bank saving account limit. If you have been searching for the limit of premier saving, tier 1 and 2 you are at the right post.

It’s very important knowing the limit of your account so that you will never get your account locked.

Yes you heard it right. When you deposited amount that exceeded your account limit you will not be able to carry out transaction on that account, unless you upgrade it.

Guess what? The upgrade can’t be done through the use of smartphone, you need to visit near Access Bank branch to do that, which might be stress.

Without boring you with much write ups, lets quickly look at the saving types on access bank.

Saving Types On Access Bank

We have 3 Saving types on access bank

  • Instant Saving (Tier 1)
  • Saving Account (Tier 2)
  • Premier Saving (Tier 3)

Instant Saving Tier 1

Instant Saving (tier 1) also known as student account, it’s one of the easiest account that can be done without filling out long forms and waiting in long queues.

Features Of Access Bank Instant Saving

  • Minimum opening balance not required
  • You can open the account on both access bank branch or website (app).
  • You can’t deposit more than 50,000 once
  • Interest of  1.15% p.a. (per annum)
  • Means of identification not required

Access Bank Instant Saving Account Limit

The access bank Instant Saving Account is limited to maximum single deposit of N50,000 and a maximum cumulative balance-N300,000.

Saving Account (Tier 2)

This is the second access bank saving account, it’s also known as instant saving 2 or tier 2.

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Features Of Access Bank Instant Saving 2

  • Minimum opening balance not required
  • You can open the account on both access bank branch or website (app).
  • N100,000 maximum single deposit
  • Interest of  1.15% p.a. (per annum)
  • Transaction are limited to Nigeria
  • Means of identification required

Access Bank Instant Saving Account Limit

The access bank Instant Saving Account is limited to maximum single deposit of NN100,000 and a maximum cumulative balance-N500,000.

Premier Saving (Tier 3)

The access bank premier saving account is the biggest saving account, it comes with alot of benefits to customers. Allowing them to deposit over 50Million.

Features Of Premier Saving

  • Minimum daily balance not required
  • Minimum account opening balance N1000 Nigerian Naira required
  • Customers are expected to pay Interest rate of 1.15% per annum, but paid monthly
  • Cheque deposit of up to 2,000,000 Nigerian Naira
  • Maintenance fee N50, paid monthly only for customers with active card

 

 

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