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Sterling Bank stops transfer fees on online transactions

sterling bank plc office

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Sterling Bank has announced the removal of transfer fees on all local online transactions.

The move was confirmed by the bank on Tuesday in a press release.

The development makes it the first major Nigerian bank to eliminate the contentious charges for digital banking.

The statement noted that the bank reaffirmed its commitment to customer-centric banking, declaring that the zero-transfer-fee policy is real and effective immediately.

The initiative is expected to bring significant relief to individuals and small business owners who conduct frequent transactions.

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