Do Sub-ledger Accounts Have Limits?

Sub-ledger accounts collectively inherit the limit on their parent account. The parent account for sub-accounts is the organization FBO account.

Limits:

  • There are no tiers for sub accounts. This is because there is no KYC done on subaccounts. Subccounts inherit the KYC of the parent account (FBO).
  • There is no limit to inflow.
  • For outflow, the FBO accounts can send up-to 50 million naira per transaction, and 100 million naira per day. (This means that a single sub-account can use up the limit on this FBO account).