FCMB tier 1 account limit, tier 2 account limit and tier 3 account limit

Read all about FCMB tier 1 account limit, tier 2 account limit and tier 3 account limit.

Like most banks in Nigeria, FCMB operate a three tier account system, which allows you to open a bank account with different requirements, and allows you to save a certain amount of money in it, that is dependent on the documentation used to open the account.

FCMB operate different types of account, from FCMB Flexx account, FCMB Classic savings account, FCMB easy account, FCMB Premium savings account, FCMB salary account etc.

In this post, I am going to writing about the limit of these account types, under the following sub-topics “FCMB tier 1 account limit”, “FCMB tier 2 account limit” and “FCMB tier 3 account limit”.

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Let’s get into it then…

Read my post on how to open FCMB account

FCMB tier 1 account limit

The FCMB Tier 1 account can be opened by just providing a passport photograph and a duly filled account opening form.

It does not require you to provide documentation like a proof of residence or a valid means of identification.

The FCMB tier 1 account has a limit of 20,000 naira for single deposit and a maximum cumulative balance of 200,000 naira i.e. the account cannot hold more than 200,000 naira, otherwise an upgrade is required.

Examples of this type of account is the FCMB easy account.

FCMB tier 2 account limit

The FCMB tier 2 account can be opened by providing a passport photograph, a duly filled account opening form, any simple means of identification like a student ID and a national ID/international; passport.

The FCMB tier 2 account has a limit of 50,000 naira for single deposit and a maximum cumulative balance of 400,000 naira i.e. the account cannot hold more than 400,000 naira, otherwise an upgrade is required.

Example of this type of account is the FCMB Flexx account, which is targeted at students and corpers.

FCMB Tier 3 account limit

The FCMB tier 3 account requires you to provide a passport photograph, a valid means of identification like a national ID, an international passport, and proof of residence.

This account allows you to receive and a send an unlimited amount of money.

Example of this type of account is the FCMB Classic savings account and FCMB Premium savings account.

How to upgrade my FCMB account?

Read my post on how to check FCMB account balance

The first thing you have to do is walk into the nearest FCMB branch close to you and head straight for the customer service desk. Make sure you take along the requirements, so everything can go smoothly.

Once you get to the customer service desk, tell them you want to upgrade your FCMB account, and they will ask you if you brought the above requirements.

The Customer service desk will then issue you an account upgrade form for you to fill. This form will require some certain information from you like your bank verification number (BVN), email address, home address, account number, phone number and many more.

Make sure you fill the form correctly without any mistakes and return it to the customer service desk along with the requirements.

Once everything is done correctly, your account should be upgraded in not more than 24 hours. You can always call the FCMB customer care to confirm if your account has been upgraded.

Conclusion

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