Sterling Bank Transfer Code: How to Transfer Money from Sterling Bank (2024)

Sterling Bank offers a variety of ways to transfer money, both domestically and internationally. You can transfer money using USSD, the mobile app, internet banking, an ATM, or at a branch.

Methods of transferring money from Sterling Bank

money transfer
money transfer
  • USSD transfer: To transfer money using USSD, dial *822# on the SIM card you used to register for your Sterling Bank account. Then, follow the prompts to enter the amount you want to transfer, the beneficiary’s account number, and your Sterling Bank PIN.
  • Mobile app transfer: To transfer money using the mobile app, log in to your Sterling Bank mobile app and tap on the “Transfer” icon. Then, enter the amount you want to transfer, the beneficiary’s account number, and your Sterling Bank PIN.
  • Internet banking transfer: To transfer money using internet banking, log in to your Sterling Bank internet banking account and click on the “Transfer” tab. Then, enter the amount you want to transfer, the beneficiary’s account number, and your Sterling Bank PIN.
  • ATM transfer: To transfer money using an ATM, insert your Sterling Bank ATM card into the ATM and enter your PIN. Then, select the “Transfer” option and follow the prompts to enter the amount you want to transfer, the beneficiary’s account number, and your Sterling Bank PIN.
  • Branch transfer: To transfer money at a branch, visit any Sterling Bank branch and fill out a money transfer form. You will need to provide the amount you want to transfer, the beneficiary’s account number, and your Sterling Bank account number.
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Fees and charges associated with transferring money from Sterling Bank

The fees and charges associated with transferring money from Sterling Bank vary depending on the method of transfer and the amount of money being transferred.

  • USSD transfer fees: There is a fee of ₦10 for USSD transfers below ₦5,000 and a fee of ₦20 for USSD transfers above ₦5,000.
  • Mobile app transfer fees: There is a fee of ₦10 for mobile app transfers below ₦5,000 and a fee of ₦20 for mobile app transfers above ₦5,000.
  • Internet banking transfer fees: There is a fee of ₦10 for internet banking transfers below ₦5,000 and a fee of ₦20 for internet banking transfers above ₦5,000.

Tips for transferring money from Sterling Bank securely

payment security
payment security
  1. Only transfer money to trusted beneficiaries.
  2. Verify the beneficiary’s account details before making a transfer.
  3. Be careful about clicking on links or opening attachments in emails from unknown senders.
  4. Use a strong password for your Sterling Bank account.
  5. Enable two-factor authentication on your Sterling Bank account.

FAQs

What is the maximum amount of money I can transfer from Sterling Bank?

The maximum amount of money you can transfer from Sterling Bank depends on the method of transfer and your account type. For example, the maximum daily transfer limit for USSD transfers is ₦200,000, while the maximum daily transfer limit for mobile app transfers is ₦500,000. You can contact Sterling Bank customer service to find out the transfer limits for your account type.

Is there a limit to the number of transfers I can make in a day?

Yes, there is a limit to the number of transfers you can make in a day. The limit varies depending on the method of transfer and your account type. For example, the daily transfer limit for USSD transfers is 50, while the daily transfer limit for mobile app transfers is 100. You can contact Sterling Bank customer service to find out the transfer limits for your account type.

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How long does it take for a money transfer to be processed?

The time it takes for a money transfer to be processed varies depending on the method of transfer and the beneficiary’s bank. For example, USSD transfers are typically processed instantly, while mobile app transfers and internet banking transfers may take up to 24 hours to be processed.

What are the charges for transferring money from Sterling Bank?

The fees and charges associated with transferring money from Sterling Bank vary depending on the method of transfer and the amount of money being transferred. For example, there is a fee of ₦10 for USSD transfers below ₦5,000 and a fee of ₦20 for USSD transfers above ₦5,000. You can find a detailed list of the fees and charges for different transfer methods on the Sterling Bank website.

How can I cancel a money transfer?

You can cancel a money transfer if it has not yet been processed. To cancel a money transfer, contact Sterling Bank customer service immediately.

Conclusion

Transferring money from Sterling Bank is a quick and easy process. You can transfer money using USSD, the mobile app, internet banking, an ATM, or at a branch. Be sure to follow the tips above to ensure that your money transfer is secure.

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