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 were charged between 12:00 am and 8:00 am on that day will receive a refund for the charges.
Obinna Ukachukwu, Sterling Bank Growth Executive in charge of Consumer and Business Banking emphasized that the initiative is aimed at providing fair and inclusive banking. He believed that people should have access to their funds without additional cost.
Sterling Bank is demonstrating its commitment to reducing Nigeria’s financial burden by removing transfer charges and fostering a more inclusive banking system.
The bank’s decision reinforces its role as a trusted financial partner that values customer convenience over profit.
This initiative is expected to relieve Nigerians and make transactions more affordable and accessible for individuals and businesses.
With fewer transaction costs, Nigerians can send money without worrying about extra fees, especially in the current face of rising economic challenges.
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