Planning on opening a new bank account with gtbank, before you that I will advise you to read this very gtbank savings account limit before going ahead to open the savings account.
This will guide you through on which gtbank savings account will be suitable for you even if you’re a student.
On this post I will be listing the maximum amount in gtbank savings account for the different categories of account they have. This ranges from the Gtbank instant account to their standard account.
Let’s get started on the gtbank savings account limit.
Gtbank savings account limit
You want to open a new gtbank savings account, the bank will ask you the type of account you want to open. It is a student account which is called GTCrea8 e-savers, a salary account or the standard gtbank account.
If you open a new gtbank account using your mobile phone, it is called gtbank instant account, and these are what I will discuss with you.
Let’s get started on gtbank savings account limit based on the savings account they offer.
1. Gtbank instant account
Gtbank instant account is a typical tier 1 account offered by the bank to the public, which enable the public to open a new savings account using their mobile phone.
In gtbank instant account, you can dial *737#, and from there you proceed to open a new bank account with the bank.
Also you can open a new bank account by downloading the Gtbank app or the gtworld app. Through the apps you can open a new gtbank savings account, and this is called gtbank instant account.
Before going to the gtbank savings account limit for their instant account, let me mention the requirements to open this very type of savings account.
To open a gtbank instant account, there’s no requirement need from you. You only need to enter your name, phone number, home address, bvn if you have any.
If you don’t have a bank verification number, you can still open the instant account and later on proceed to enroll for bvn.
Now back to the topic of the post;
What is gtbank savings account limit for instant account?
The maximum amount in gtbank savings account is three hundred thousand naira. That is the highest money which you can have in gtbank instant account is N300k and it you can’t exceed that, else the bank will call you to upgrade your account.
The maximum single deposit for gtbank instant account is fifty thousand naira. That is to say that more than fifty thousand naira can’t be deposited into your account at once.
For example, I want to transfer sixty thousand naira to your gtbank instant account, it won’t go through because it has exceeded the maximum single deposit. The bank will put the deposit on hold, and will call you to upgrade your bank account.
After you must have upgraded your bank account, you will then receive the sixty thousand naira sent to you.
This is how gtbank instant account is, and again the gtbank savings account limit for instant account is three hundred thousand naira, and fifty thousand naira for a single cash deposit.
2. Gtbank student account (GTCrea8 eSavers Account)
When you see GTCrea8 eSavers Account, you should know that it is gtbank student account. Very helpful for students for their financial savings, and receiving money from their love ones.
According to the bank;
For undergraduates between the ages of 16 and 25, this account is designed to help you make the most of your money.
You must be a student to open gtbank GTCrea8 eSavers account, and the age is 16 to 25 years. If you’re 15yrs, I’m sorry you can’t open a GTCrea8 eSavers account until you’re up to 16yrs.
Gtbank student account is categorized into three, and I will explain the gtbank savings account limit for the student account based on the different categories.
Now let’s proceed to that.
Level 1 student account
This is the least level in gtbank student account, the requirements to open the level 1 student account includes; A completed AOP with school details and passport picture.
Gtbank savings account limit for level 1 student account is fifty thousand naira max single deposit. That is you can only receive or deposit fifty thousand naira into the level 1 student account.
Then the maximum amount in gtbank savings account for the level 1 gtbank student account is three hundred thousand naira. What it is trying to say here is that the highest amount or money you will have in the level 1 gtbank student account is three hundred thousand naira respectively.
Level 2 student account
One of the Gtbank student account I can recommend to you if you want to open a student account with gtbank is this very level 2 student account.
This gives you quite a good maximum amount in gtbank savings account for a student account. To open the level 2 student account, you need to have a completed AOP, a Student ID (school/ departmental/ association/ library card) or Biodata Page.
To the main focus of the post, what is gtbank savings account limit for level 2 gtbank student account.
The bank offers a max single deposit of one hundred thousand naira. This is saying that you can receive or deposit one hundred thousand naira into your gtbank level 2 student account at once.
As you can see, it is way better compared to the level 1 student account which is just fifty thousand naira.
Then the maximum amount in gtbank savings account for the level 2 student account is five hundred thousand naira. The N500k is the highest maximum amount you can have in the bank account. You can’t exceed that amount else the bank will call you to upgrade your gtbank account.
The level 2 student account also offers cheques & Dividend warrants to a maximum of one hundred thousand naira respectively.
Level 3 student account
The best gtbank student account you can have with the bank. With the level 3 student account, you have the opportunity to receive a maximum amount in gtbank savings account compared to any other levels.
The requirements to open a level 3 Gtbank student account is a completed AOP, Student ID and Regulatory ID.
Back to the question which you want to know;
What is gtbank savings account limit for level 3 student account in Nigeria?
The answer is one million naira. The maximum amount in gtbank savings account the level three gtbank student account is one million naira and it also includes a single maximum deposit.
This is why I said that gtbank level 3 student account is the best student account you can have with the bank.
To know more on GTCrea8 eSavers account, I recommend that you contact the bank.
3. Gtbank level 3 (tier 3) savings account
When you head standard or regular savings account, kindly note that it is the normal savings account in Nigeria.
This is the best savings account you can have in Nigeria, everything is unlimited. There’s no limit on the standard savings account in Nigeria.
WHAT ARE THE REQUIREMENTS
To open a standard savings account in Nigeria, you must have an utility bill, means of identification like the national ID card, permanent voter’s card, driver’s license or the international passport along with your passport photograph.
These are the requirements to open a standard savings account in Nigeria.
What is the gtbank savings account limit for a standard savings account?
It is unlimited.
There’s no limit in gtbank standard savings account. You can receive any amount of money to your gtbank savings account without limit or restrictions, unless the bank suspect your bank account.
You can receive ten million into your gtbank standard savings account without any hitches, unless the bank wants to know your source of fund.
What is the maximum amount in gtbank savings account for a standard savings account?
It is unlimited.
You can have one trillion naira into your gtbank standard savings account as long as there’s no fraudulent activity attached to your bank account.
So if you opened a gtbank bank account with an utility bill, means of identification like the national ID card, permanent voter’s card, driver’s license and the international passport, along with a passport photograph, you can receive any amount into your savings account.
Again there’s no maximum amount in gtbank savings account for you as long as you have the standard savings account with gtbank.
The last i want to talk about before rounding up things up is opening a salary account with the bank
The salary account
If you open a gtbank salary account or even with any other bank in Nigeria, kindly note that the account is limited. Usually the salary account in Nigeria is limited to a maximum amount of one million naira.
The salary account also includes the nysc account opened in the camp. You opened a savings account in the nysc orientation camp, be rest assured that the savings account is limited to one million.
One thing I hate about our banks is that they won’t tell you the limits, just like the gtbank savings account limit. Is when you opened the account, and the bank will put your money on hold, that’s when they will start to explain the limit of their savings account.
As long as you didn’t open a salary account with the requirements needed to open a standard savings account in Nigeria, your account is limited to a maximum operating balance of one million naira.
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This is all I have to say on gtbank savings account limit. For more inquiries, I recommend you to contact the bank.