What happens if a customer exceeds the limits set for a financial inclusion account? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What happens if a customer exceeds the limits set for a financial inclusion account?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

If the customer's daily or monthly transactions exceed the official limits, the excess transaction is placed on hold or the account is temporarily frozen.

The bank's compliance department then contacts the customer to request official documents proving the source of funds and to upgrade the account to a conventional savings or current account in order to widen the available limits.

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