Sterling Bank scraps account maintenance fees
Sterling Bank has scrapped Account Maintenance Fees (AMF) across all personal accounts in a customer first banking move.
This is coming months after it abolishes transfer fees on local online transactions in April 2025, the bank has dismantled yet another long-standing industry practice, cementing its role as the nation’s leading force for transparent, fair, and customer-focused banking.
Abubakar Suleiman, Managing Director of Sterling Bank, explained the principle driving this bold action: “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.”
Obinna Ukachukwu, Growth Executive for Consumer and Business Banking at Sterling Bank, reinforced this position: “This initiative is about building lasting relationships that fuel sustainable growth.
“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,” he said.
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