Sterling Bank has announced the cancellation of transfer fees for its customers as part of its ongoing commitment to enhancing customer experience and promoting financial inclusion.
This initiative, known as the Free Transfers Drive, was launched on April 1, 2025, and is available exclusively through the bank’s OneBank mobile application.
Key Details:
- Eligibility: The campaign is open to individual customers with savings or current accounts who perform transactions via the OneBank app. Transfers initiated through USSD or other channels are not included.
- Benefits: Customers can enjoy zero transaction charges on fund transfers to both Sterling Bank accounts and other Nigerian commercial banks. However, taxes, levies, and third-party charges may still apply.
- Fair Usage Policy: Each customer is entitled to up to 300 free transfers per month, ensuring the initiative is not misused.
- Campaign Duration: The Free Transfers Drive is part of Sterling Bank’s long-term customer value proposition and will remain active unless regulatory changes or strategic updates occur.
This move underscores Sterling Bank’s dedication to providing innovative and customer-friendly banking solutions.
