Sterling Bank cancels transfer fees; challenges UBA, others to follow suit
Sterling Bank on Tuesday announced it has cancelled transfer fees, challenging other commercial banks to emulate its policy.
Sterling Bank announced its transfer fees cancellation in a post on X on Tuesday, followed with a statement.
“Nigerians are no fools! Enough Is Enough. No more quiet suffering. We’re doing our part by cancelling Transfer Fees,” the bank said in its post on X.
The bank added that it would not charge money for mobile apps, Interbank transfers, ATM card issuance and called on other deposit money banks to emulate its zero transfer fees policy.
“Let the other banks copy. @FirstBankngr @fidelitybankplc
@UBAGroup @gtbank @myaccessbank @StanbicIBTC,” Sterling Bank said.
Explaining its new policy in the statement, the bank said, “We believe access to your own money shouldn’t come with a penalty. This is more than a financial decision—it’s about redefining banking to put customers first.”
The bank also dismissed insinuations that its announcement was April fool; an annual practice of funny jokes and hoaxes on April 1.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Ogun govt to upgrade major roads
The Ogun government has approved the construction and rehabilitation of major roads across the state.
Economy
NSW begins second phase of export operations December 14: Fakolade
The director of the NSW project says the second phase of its export operations will begin on December 14 to simplify trade documentation and improve export processes.
Africa
FULL List: U.S. places 11 African countries on travel advisory warning
The United States has named 11 African countries among 23 other countries placed under its highest travel advisory level.
Anti-Corruption
Atiku campaign discloses how Tinubu is blackmailing Federal High Court chief judge with EFCC, CCB
The National Judicial Council must examine the transfer, the formal protest Justice Tsoho received and Justice Lifu’s conduct.
Economy
Stallion Group partners with Access Bank
The partnership brings 10 exclusive automotive brands and 72 models within reach of customers.
Economy
RMAFC reviews alternative funding for Nigeria’s foreign missions
Mr Shehu, while declaring the meeting open, said the review was aimed at developing a transparent, predictable, affordable and sustainable funding framework for the missions.
