answersLogoWhite

0

No bank in any country around the globe can limit the amount of money that can be deposited into its accounts. It is your money and you can deposit it anytime you want and with any bank you want. If the amounts are huge, the banks may ask you to provide a source of income for regulatory reporting purposes. But, they can never say No to a deposit or set any limits on the same.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What is the limit that you can withdraw at one time from your bank account?

there is no limit on the amount you can withdraw from your account as long as that sum is there


What is the check limit for this account?

The check limit for this account is the maximum amount of money that can be withdrawn using checks.


Is their a limit to the amount of personal contacts listed on email lists for yahoo users?

No, there is not a limit to the number of contacts you can have for your email account. They do limit contacts for your Messenger account, but not for email.


How much money is allowed in one savings account?

I don't believe that there is a maximum limit. However, in the United States, there is a maximum amount that is insured by the FDIC, to pay you back in case the bank fails. The limit is often revised, but is currently (a of March 8, 2014) $250,000 per account owner.


Why does your ATM receipt say transaction not allowed?

either not enough money in the account or withdrawing over the allowed daily limit


What is meant by a credit limit?

Credit limit is the largest amount of money a consumer can charge on a credit card. The amount equals the amount of credit extended to a consumer. Charges over this amount are usually allowed, but expect to pay an "over-the-limit" fee.


Is there a limit to the amount of a check that can be deposited or cashed?

Yes, there is typically a limit to the amount of a check that can be deposited or cashed, which is set by the bank's policies. This limit can vary depending on the bank and the account holder's relationship with the bank.


What is the maximum limit to withdraw the amount from sbi ATM account?

40,000 INR /day for STATE BANK OF INDIA account holder.


What is the limit on my debit card?

The limit on your debit card is the maximum amount of money you can spend or withdraw from your account in a given period, set by your bank.


What is a limit order when used in investing?

"A limit order is an amount you are not allowed to exceed. It is the limit, the most you can invest. Make sure you read the fine print before investing in anything."


What is credit limit in credit card?

Credit cards are open ended accounts. The issuing bank has a limit as to how much can be borrowed against the account. The top amount is the credit limit.


How much money can a person typically withdraw from an account?

You can withdraw any amount you wish from your account but if you want to withdraw from an ATM there is normally a daily limit in the amount that you can withdraw that depends on each bank.