Sterling Bank has eliminated transfer fees on all local online transactions, making it the first major Nigerian bank to remove these charges.
In a statement on Tuesday, the bank reaffirmed its commitment to customer-centric banking, stating that the zero-transfer-fee policy is effective immediately.
The move aims to promote fair and inclusive banking, particularly benefiting individuals and small businesses that rely on frequent transactions.
The bank’s management described the initiative as a bold step toward redefining banking by prioritising customer needs over profit.