Sterling Bank introduces free transfers as naira scarcity persists

Sterling Bank Plc has announced the introduction of free transfers for customers through their accounts.

Its Chief Executive Officer, Abubakar Suleiman, in an email to customers, said the bank recognizes the difficult circumstances many of its customers were going through.

In solidarity with the customers, from February 6 to 18, 2023, fund transfer services would be provided free to account customers, the bank will also provide free debit cards to customers.

Chief Marketing Officer, Sterling Bank Plc, Dante Martins, who addressed reporters on the move, described it as the first initiative by any commercial bank in Nigeria.

“We believe that by eliminating transaction costs for this period, we can assist our customers to make their banking experience easier by making the most of our powerful digital solutions.

“We understand that our consumers need choices when it comes to their everyday requirements, and we want to make sure that we can serve them as best as we can during this time.

“We believe that removing transaction fees would allow our customers more time to focus on what’s truly important to them, while still giving them access to the same high-quality, convenient services they’ve come to expect from Sterling,” Martins said.

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