Sterling Bank has as soon as once more redefined the boundaries of buyer first banking in Nigeria by scrapping Account Maintenance Fees (AMF) throughout all private accounts.
Just months after abolishing switch charges on native on-line transactions in April 2025, the {bank} has dismantled yet one more long-standing business apply, cementing its function because the nation’s main power for clear, honest, and customer-focused banking.
This determination cuts on the coronary heart of a income mannequin that has lengthy price Nigerian clients dearly. In 2024 alone, tier-1 banks raked in over ₦650 billion from account upkeep and e-banking costs.
Sterling’s transfer rewrites Nigeria’s banking rulebook whereas amplifying its daring stance: clients deserve freedom from too many deductions and the appropriate to maintain extra of their hard-earned cash.
Abubakar Suleiman, Managing Director of Sterling Bank, defined the precept
driving this daring motion: “Every price we take away is one much less barrier between our
clients and true {financial} freedom. This was the rationale behind eliminating switch charges in April, and it’s the similar precept we uphold as we get rid of account
upkeep charges.”
Obinna Ukachukwu, Growth Executive for Consumer and Business Banking at Sterling Bank, strengthened this place: “This initiative is about constructing lasting relationships that
gas sustainable development.
We put transparency and buyer worth first, and in doing so, we’re constructing a basis that serves each our clients and Sterling’s future.”
As Nigeria marks one other Independence Day, Sterling Bank presents this determination as a declaration of economic independence for thousands and thousands of Nigerians.
By releasing clients from deductions that silently erode their balances, Sterling is empowering them to maintain and develop their wealth whereas redefining true {financial} freedom.
With two unprecedented strikes in fast succession, the elimination of switch charges in
April and now the elimination of account upkeep costs, Sterling Bank continues to problem the established order and champion a brand new period of equity in
Nigerian banking.
About Sterling Bank
Sterling Bank is a forward-thinking {financial} establishment dedicated to reworking lives
by way of progressive options, distinctive service, unwavering integrity and a
steadfast give attention to its HEART technique. As pioneers in digital banking and {financial}
inclusion, Sterling continues to steer by instance, proving that purpose-driven
management can unlock transformative outcomes for people, companies, and society at giant.
