Independence Day: No more account maintenance fees – Sterling Bank

Sterling Bank has erstwhile again redefined the boundaries of customer- archetypal banking successful Nigeria by scrapping Account Maintenance Fees (AMF) crossed each idiosyncratic accounts.

Just months aft abolishing transportation fees connected section online transactions successful April 2025, the slope has dismantled yet different long-standing manufacture practice, cementing its relation arsenic the nation’s starring unit for transparent, fair, and customer-focused banking.

This determination cuts astatine the bosom of a gross exemplary that has agelong outgo Nigerian customers dearly. In 2024 alone, tier-1 banks raked successful implicit ₦650 cardinal from relationship attraction and e-banking charges. Sterling’s determination rewrites Nigeria’s banking rulebook portion amplifying its bold stance: customers merit state from excessively galore deductions and the close to support much of their hard-earned money.

Abubakar Suleiman, Managing Director of Sterling Bank, explained the rule driving this bold action: “Every interest we region is 1 little obstruction betwixt our customers and existent fiscal freedom. This was the rationale down eliminating transportation fees successful April, and it is the aforesaid rule we uphold arsenic we destruct relationship attraction fees.”

Obinna Ukachukwu, Growth Executive for Consumer and Business Banking astatine Sterling Bank, reinforced this position: “This inaugural is astir gathering lasting relationships that substance sustainable growth. We enactment transparency and lawsuit worth first, and successful doing so, we are gathering a instauration that serves some our customers and Sterling’s future.”

As Nigeria marks different Independence Day, Sterling Bank presents this determination arsenic a declaration of fiscal independency for millions of Nigerians. By freeing customers from deductions that silently erode their balances, Sterling is empowering them to support and turn their wealthiness portion redefining existent fiscal freedom.

With 2 unprecedented moves successful speedy succession, the removal of transportation fees successful April and present the elimination of relationship attraction charges, Sterling Bank continues to situation the presumption quo and champion a caller epoch of fairness successful Nigerian banking.

The station Independence Day: No much relationship attraction fees – Sterling Bank appeared archetypal connected Vanguard News.