Why does the bank ask about the expected transaction volume? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Why does the bank ask about the expected transaction volume?

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

This is so the bank can build a normal picture of account usage and detect significant deviations.

If you say your account is for a small salary and then start making millions from trading, it's natural for them to ask for an explanation and documentation.

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