• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Business & Finance Business

Sterling Bank account fees scrapped for all personal accounts

Quadri Olaitan by Quadri Olaitan
October 1, 2025
in Business
0
Sterling Bank account fees

Sterling Bank account fees are removed on all personal accounts, empowering customers with financial freedom and keeping more of their hard-earned money

Sterling Bank account fees have been completely eliminated for all personal accounts, months after the bank removed transfer charges on local online transactions in April.

Also read: Sterling Bank unveils first 99 scholars of N2bn education fund

The bank announced the move to coincide with Nigeria’s Independence Day, framing it as a step toward financial independence for millions of Nigerians.

By scrapping Account Maintenance Fees (AMF), Sterling aims to stop deductions that quietly erode customers’ balances, allowing them to retain and grow their wealth.

Managing Director ‎Abubakar Suleiman said: “Every fee we remove is one less barrier between our customers and true financial freedom.

This was the rationale behind eliminating transfer fees in April, and it is the same principle we uphold as we eliminate account maintenance fees.

We put transparency and customer value first, and in doing so, we are building a foundation that serves both our customers and Sterling’s future.”

Obinna Ukachukwu, Growth Executive for Consumer and Business Banking, added: “This initiative is about building lasting relationships that fuel sustainable growth.”

The decision challenges a revenue model that has long cost Nigerian customers dearly. In 2024 alone, tier-1 banks collected over ₦650 billion from account maintenance and e-banking charges.

Sterling said this move rewrites Nigeria’s banking rulebook, amplifying its bold stance that customers deserve freedom from excessive deductions and the right to keep more of their hard-earned money.

Also read: Sterling bank data breach raises alarm over customer security

The bank positions itself as a leading force in transparent, fair, and customer-focused banking.

Quadri Olaitan
Quadri Olaitan

Related Posts

Rotary District 9112 donates rain coats
General

Polio: Rotary District 9112 donates rain coats, boots to Lagos Health Board

by Rtn. Victor Ojelabi
October 23, 2025
Road traffic passes the head office of Unity Bank Plc in Abuja, Nigeria, on Wednesday, Oct. 21, 2015. A drop in crude prices in the past year has put pressure on public finances, while the naira has declined 7 percent against the dollar this year. Photographer: George Osodi/Bloomberg via Getty Images
Business

‘Potential to grow’ Unity Bank gross earnings hit N44.59 billion

by Freelanews
June 10, 2020
ogun5 e1521585385244 1
Acquisitions

‘Seamless integration’ Oba Otudeko allegedly sells Honeywell to pay age long loan to First Bank

by Freelanews
May 3, 2022
thumbnail
Business

Old English supermarket opens new outlet in Surulere

by Freelanews
August 15, 2022
KCB BANKING HALL
Business

‘Skyrocketed!’ Banks record increase in N75.5bn payment from customers’ account maintenance in H1’21

by Freelanews
September 23, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Recent News

Nnamdi Kanu

Nnamdi Kanu insists there’s no case against him in terrorism trial

October 28, 2025
Boluwatife Balogun

Wizkid’s first son Boluwatife Balogun announces powerful music debut

October 28, 2025
CBN

CBN releases $1.26bn to oil sector for fuel imports

October 27, 2025
Ekiti

Ekiti Court sentences three to death for armed robbery

October 27, 2025

Search

  • Trending
  • Comments
  • Latest
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
APC Second-Term Governors

APC: Second-term governors seeking immediate elective post to lose party leadership

October 15, 2025
April Wind Couture

April Wind Couture thrives in Nigeria’s tough economy with bold Ankara vision

September 12, 2025
Abdul-Muiz Olanrewaju Animashaun

Abdul-Muiz Olanrewaju Animashaun remembered with love

September 14, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Nnamdi Kanu

Nnamdi Kanu insists there’s no case against him in terrorism trial

October 28, 2025
Boluwatife Balogun

Wizkid’s first son Boluwatife Balogun announces powerful music debut

October 28, 2025
CBN

CBN releases $1.26bn to oil sector for fuel imports

October 27, 2025
Ekiti

Ekiti Court sentences three to death for armed robbery

October 27, 2025
October 2025
SMTWTFS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Hot!

Nnamdi Kanu

Nnamdi Kanu insists there’s no case against him in terrorism trial

October 28, 2025
Boluwatife Balogun

Wizkid’s first son Boluwatife Balogun announces powerful music debut

October 28, 2025
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.