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Sterling Bank stops transfer fees on online transactions

Sterling Bank has eliminated transfer fees on all local online transactions, making it the first major Nigerian bank to do so.
The bank confirmed that its zero-transfer-fee policy is effective immediately, emphasizing its commitment to customer-centric banking.
The zero-transfer-fee policy is expected to significantly benefit individuals and small business owners who frequently conduct transactions.
Public response has been positive, prompting pressure on other banks to adopt similar practices.

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Premium Times Nigeria

+2 Reposted by 2 other sources

Lean Left

Sterling Bank leads protest for removal of bank transfer charges

With this move, Sterling becomes the first major Nigerian bank to take a definitive stand against the long-standing practice of charging customers for everyday digital transfers The post Sterling Bank leads protest for removal of bank transfer charges appeared first on Premium Times Nigeria.

1 day ago·Abuja, Nigeria

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Punch Newspapers

Lean Left

Sterling Bank stops transfer fees on online transactions

Sterling Bank has announced the removal of transfer fees on all local online transactions, becoming the first major Nigerian bank to eliminate the contentious charges for digital banking. The move was confirmed by the bank on Tuesday in a press release. The statement noted that the bank reaffirmed its commitment to customer-centric banking, declaring that

1 day ago

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Tekedia

Sterling Bank Introduces Zero-Transfer-Fee Policy, But Will Other Banks Follow?

Sterling Bank has announced a zero-transfer-fee policy, making it the first Nigerian commercial bank to eliminate charges on online transfers. The move, which takes effect immediately, is expected to ease the financial burden on customers who have long complained about excessive banking charges. For years, Nigerian depositors have expressed frustration over the weight of bank […] The post Sterling Bank Introduces Zero-Transfer-Fee Policy, But Wi…

6 hours ago

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ekohotblog.com

Why We Abolished Transfer, ATM Fees – Sterling Bank

No More Transfer Fees: Sterling Bank has removed charges for all local transfers made through its mobile app, making banking more affordable for Nigerians. Customer-Friendly Policy: This move is expected to help individuals and small businesses save money on frequent transactions. Industry Impact: The public has welcomed the decision, with many urging other banks to […] The post Why We Abolished Transfer, ATM Fees – Sterling Bank appeared first …

15 hours ago

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Business Post Nigeria

Sterling Bank Waives Bank Transfer Fees for Customers

By Aduragbemi Omiyale A tier-2 financial institution, Sterling Bank, has confirmed the introduction of a zero-transfer-fee policy for customers with immediate effect. The bank has urged others in the banking industry to emulate this initiative, saying customers should not be overburdened with bank transfer charges. “We believe access to your own money shouldn’t come with […]

1 day ago

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techeconomy.ng

Sterling Bank to Stop Charging Transfer Fees - Tech

Sterling Bank announced that it will stop charging transfer fees and ATM card Issuance will also be free. The bank revealed this on its X(formerly Twitter) page, which reads: “That’s Right! As of Today; Sterling Bank will not take any money for itself for: Mobile app, online – 100% FREE! Interbank transfers – ZERO FEES! ATM Card Issuance – 100% FREE! The bank stated that the free transfer will kick-off from April 1, 2025 and all customers who w…

1 day ago

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