Kindly share this postSterling Bank on Wednesday announced the removal of account maintenance fees on all personal accounts, describing the move as a “gift” to Nigerians in celebration of the country’s 65th Independence Day. The decision, which follows the abolition of transfer fees on local online transactions in April 2025, was outlined in a statement shared by the bank. This was the rationale behind eliminating transfer fees in April, and it is the same principle we uphold as we eliminate account maintenance fees,” Sterling Bank’s Managing Director, Abubakar Suleiman, said. The statement highlighted that in 2024 alone, tier-1 banks in Nigeria earned over ₦650 billion from account maintenance and e-banking charges. Sterling Bank also framed the removal of fees as part of a broader strategy to make banking more inclusive and customer-focused.