We believe that removing transfer fees will significantly enhance the banking experience for our customers,” said Abubakar Suleiman, CEO of Sterling Bank.
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Sterling Bank has called for the removal of transfer fees in Nigeria’s banking sector, emphasizing the need for a more customer-friendly financial system. The bank believes that eliminating these fees will enhance banking experiences and encourage greater financial inclusion.
Speaking on the initiative, CEO Abubakar Suleiman stated, “We believe that removing transfer fees will significantly enhance the banking experience for our customers.” The move aligns with efforts to reduce transaction costs and boost digital banking adoption.
Industry experts note that high transfer fees remain a barrier for many Nigerians, particularly those in underserved communities. Sterling Bank’s advocacy reflects a growing push within the financial sector to create more seamless and cost-effective banking solutions.
The bank has urged regulators and financial institutions to collaborate in eliminating unnecessary charges, ensuring a more inclusive financial ecosystem that benefits individuals and businesses alike.