Nigerians Rush to Open Accounts as Bank Announces 100% Free Charges for Transactions
Former Aviation minister, Chief Osita Chidoka, is among the Nigerians eager to open a personal account with Sterling Bank, following the bank’s decision to eliminate charges on local electronic transactions. The no-charge transactions apply to customers sending to accounts of Sterling Bank and also to other banks.
On April 1, Sterling Bank made headlines by announcing it would remove all local transfer charges on its OneBank platform
Initially met with skepticism, with many wondering if the announcement was an April Fools’ prank, the bank confirmed the policy was genuine and effective immediately. The bank post on X reads:
“Nigerians are no fools! Enough is enough. No more quiet suffering. We’re doing our part by cancelling transfer fees. Let the other banks copy. That’s right! As of today: Sterling Bank will NOT take any money for itself for: Mobile app, online – 100% free!, Interbank transfers – 100% free!, ATM card issuance – 100% free!”.
