It can be frustrating to be stopped from making a transaction simply because you reached your zenith Bank account limit.
Zenith bank account limits are relative to the type of account you operate with the bank. In most cases, when the limit is reached, the transaction may be barred or the account may be restricted. In situations like that customers have to visit Zenith bank to upgrade their account by providing relevant documents.
Zenith bank accounts and their limits.
Zenith bank has a special account for undergraduates (students) known as the Aspire account. The bank seeks to improve the financial fortunes of students through this account. The student account has a limit of N300,000 as the maximum amount the account. If funds above that limit are sent to the account, it will be automatically restricted. It aims at helping students save and also manage their finances to improve their future prospects. The account can be created online and it comes with a virtual bank card.
Zenith Eazy account
The Zenith bank Eazy account allows more flexible account opening and financial services for customers of Zenith bank. It is an innovative effort designed to get customers directly involved in banking services. If you have the zenith Eazy account, the account limit is N300,000 withdrawable in multiple of the 20s. The savings account can be created by any customer of the bank. It is for those that have a specific savings goal.
While the Zenith Bank Domiciliary Account has a zero opening balance policy, it has some guidelines as to the account limit. Its Domiciliary Account is made up of two categories. Firstly, the ordinary Domiciliary Account and the cash Domiciliary Account. Both accounts enable users to carry out foreign transactions with ease.
The ordinary Domiciliary Account can be operated from any location. It comes with access to internet banking, debit cards, and mobile banking. Also, there are email and SMS alert features. However, the cash Domiciliary Account although having similar features does not allow transfers. It permits cash in and cash out only.
The current account with Zenith bank allows transactions that are up to 5 million naira. However, it depends on the type of account opened with the bank. The current account is designed to carry out higher financial transactions than a savings account that have a limit on transactions. That notwithstanding, if the bank’s hardware token is purchased, customers have a savings account that can carry out transactions.
How to know Zenith Bank account limit
The maximum daily transfer limit to other banks is N100,000 applicable to the internet and mobile banking transactions. But with ATM it is N150,000.
Despite these limitations, customers can still transfer funds that are above the limit by using the bank’s unique hardware token. These limits are also not applicable to current account holders because it allows larger transaction amount.
1. Internet banking page
As an internet banking user, you can log into the zenith Bank internet banking page and check your transfer limit.
2. Contact customer care
The Zenith Bank customer care is another way to find out your account limit. By providing details about the account type that you operate the zenith Bank customer care team can let you know the account limit.
3. Visit zenith bank
Customers that do not have access to internet banking or may have a branch of zenith bank close by can visit the bank to make inquiries about their respective account limits.
The knowledge of their account limit will enable them to have a seamless banking transaction and reduce the risk of account restriction.