Digital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Facebook X (Twitter) Instagram
Trending
  • MTN Nigeria, WWF/NCF And UNDP Nigeria Shortlist 100 Innovators
  • Moniepoint Introduces Nigeria’s First Informal Economy AI Chatbot
  • NITDA Pushes For Unified Digital Agenda, Urges States To Drive Grassroots Transformation
  • The Alternative Bank, Utiva Partner On Scholarships To Boost Digital Skills For Women
  • PalmPay Supports Nigeria Police Force 2025 Cybersecurity Awareness Walk
  • Konga Yakata: Konga Announces Dates For Nigeria’s Biggest Black Friday Sale
  • Digital Africa 2025 Conference Opens In Abuja With Focus On AI Sovereignty
  • Halal And The Soul Of A Nation: When Economics Flirts With Faith
Facebook X (Twitter) Instagram
Digital Times NigeriaDigital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Digital Times Nigeria
Home » Sterling Bank Cancels Bank Transfer Charges
BANKING

Sterling Bank Cancels Bank Transfer Charges

DigitalTimesNGBy DigitalTimesNG3 April 2025No Comments3 Mins Read157 Views
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
Sterling Bank
Sterling Bank Building
Share
Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp

News Highlights:

  • Sterling Bank has eliminated transfer fees for all local online transactions, making it the first major Nigerian bank to take this bold step.
  • Initially mistaken for an April Fools’ prank, the zero-transfer-fee policy is now in effect, earning widespread public approval and challenging industry norms.

Sterling Bank has championed the cancellation of bank transfer fees by major banks, announcing it will no longer take any money for itself for any local online transactions by its customers.

The announcement which was made on April 1st, initially sparked widespread arguments, with many Sterling Bank customers thinking it was a marketing prank tied to April Fools’ Day. Sterling Bank has, however, confirmed that this is no stunt: the zero-transfer-fee policy is real and effective immediately.

Digital TimesNG reports that with this move, Sterling Bank becomes the first major Nigerian bank to take a definitive stand against the long-standing practice of charging customers for everyday digital transfers.

Obinna Ukachukwu, Growth Executive, Consumer and Business Banking Directorate said, “We believe access to your own money shouldn’t come with a penalty. This is more than a financial decision, it’s a values-based one. It reflects our commitment to making banking fair, inclusive, and truly customer-focused.”

“We’re not yet the biggest bank in Nigeria, but we’ve been the boldest,” Ukachukwu added. “Sterling fearlessly believes in the future of Nigeria, and this is us backing Nigerians with more than words.”

Under the new policy, Sterling customers will enjoy free transfers for all local transactions conducted via the bank’s mobile app. This translates into significant savings, particularly for individuals and new small business owners who make frequent daily transfers.

READ ALSO  Sterling Bank Scraps Account Maintenance Fees On All Personal Accounts

Sterling’s commitment to putting customers first is nothing new. During the COVID-19 pandemic, the bank distinguished itself by offering supplementary payments to healthcare workers in public hospitals—at a time when few others could or would provide additional support. Since then, Sterling has consistently redefined what it means to be a responsible and responsive institution.

The bank’s latest move has been met with widespread public approval, sparking positive reactions across social media and placing pressure on industry peers to follow suit.

“We’re proud to lead this change. We hope it inspires others to think differently about what customers truly need from their banks, not just in services, but in values,” Ukachukwu added.

Sterling’s zero-fee policy is part of a broader strategy to transform the customer experience and deliver transparent, ethical banking solutions at scale.

#Bank Transfer Charges #Digital Transfers #Sterling Bank
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticlePonzi Operators Risk ₦20m Fine, 10-Year Jail Term, Or Both, In New SEC Law
Next Article Ebehijie Momoh, CEO Of AfriGOPay To Deliver Keynote At PAFON 2.0
DigitalTimesNG
  • X (Twitter)

Related Posts

The Alternative Bank, Utiva Partner On Scholarships To Boost Digital Skills For Women

29 October 2025

FirstBank Unveils New Digital Xperience Centre In Abuja

10 October 2025

Sterling Bank Scraps Account Maintenance Fees On All Personal Accounts

2 October 2025

AMCON Sells 34% Stake In Unity Bank To Providus, Strengthening Merger Deal

26 September 2025

Access Bank Kenya Confirms Nigeria’s Ralph Chinedu Opara As New MD

11 September 2025

FBNQuest Merchant Bank Facilitates ₦5bn Commercial Paper Programme For Accion MFB

25 August 2025

Comments are closed.

Categories
About
About

Digital Times Nigeria (www.digitaltimesng.com) is an online technology publication of Digital Times Media Services.

Facebook X (Twitter) Instagram
Latest Posts

MTN Nigeria, WWF/NCF And UNDP Nigeria Shortlist 100 Innovators

29 October 2025

Moniepoint Introduces Nigeria’s First Informal Economy AI Chatbot

29 October 2025

NITDA Pushes For Unified Digital Agenda, Urges States To Drive Grassroots Transformation

29 October 2025
Popular Posts

Building Explainable AI (XAI) Dashboards For Non-Technical Stakeholders

2 May 2022

Building Ethical AI Starts With People: How Gabriel Ayodele Is Engineering Trust Through Mentorship

8 January 2024

Gabriel Tosin Ayodele: Leading AI-Powered Innovation In Web3

8 November 2022
© 2025 Digital Times NG.
  • Advert Rate
  • Terms of Use
  • Advertisement
  • Private Policy
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.