This article explains how to transfer Money From Sterling Bank To another bank With Your Mobile Phone.
Sterling Bank is a full commercial bank licensed by the CBN. The bank shares are fully traded in the Banking sector of the NSE (Nigerian Stock Exchange).
Sterling Bank provides services to large corporations, small-scale businesses, and even individuals.
As recorded in December 2016, the large corporations’ branch network in Nigeria numbered 187, distributed throughout the country.
With total assets of over 834 billion naira. With this stat, this bank is indeed strong in the Nigerian banking industry.
What every bank customer looks out for is the available banking services. This is why they do not jeopardize the services they offer to their customers. One among their services is the *822# USSD banking.
Sterling bank transfer code is made easy for those banking with the sterling bank. The code is therefore used to assist their customer in order to avoid stress and also carry out quick and easy transactions.
The *822# provides banking services such as money transfers, phone airtime recharge, bill payments, and more. And all this can be done without an internet connection.
The service is fast, convenient, and easy to use. It is also secure, reliable and provides an amazing banking experience to its customers.
Hence, this USSD Code permits Sterling Bank customers to have access to their services. To use the simply dial *822#.
Registration is completely self-service, just dial *822# with the mobile number that is linked to your bank account to experience the Magic.
How to Send Money With Sterling Bank Transfer Code
|Sterling Bank USSD CODE||FUNCTIONS|
|Dial *822*4* Amount * Account number #||To transfer money from Sterling Bank to another Sterling Bank account|
|Dial *822*5* Amount * Account number #||To transfer money from Sterling Bank to other banks|
If you want to send money to a bank that is not Sterling Bank, you will have to select the name of the bank, as it will display on your phone screen.
Also, the name of the recipient will show; next, you will also have to make sure that it is correct.
After this, enter your Sterling Bank USSD banking PIN – to complete the transfer.
The sum transferred will be debited from your account, and credited to the recipient account immediately.
Sterling Bank transfer limits
Base on the Central Bank directives maximum fund that can be transferred in a particular transaction is 20,000 naira. With a daily cumulative of 100,000 naira.
What this means is that if someone wants to transfer 100,000 he/she will have to send 20,000 naira in five places.
Benefits and Features of Sterling Bank USSD Transfer
- It is convenient and saves customers the stress of going to the bank all the time they want to make a little transaction
- The transaction processes take less than a minute.
- The transfer with *822#, allows every Sterling Bank Account holder to transfer funds to any bank in Nigeria.
- The service is available round the clock.
Brief History Of Sterling Bank
Sterling Bank Plc in 1960 as Nigeria Acceptances Limited. They were licensed as the first merchant bank in Nigeria in 1969. Due to the 1972 indigenization decree, the Bank became 100% owned by govt.
It was then managed in partnership with American Express Bank Limited, Grindlays Bank Limited, and Continental International Finance Company Illinois between 1974 and 1992.
Back in 1992, some part of the bank was privatized, and it was listed on the Nigeria Stock Exchange.
In the year 2000, the federal government of Nigeria sold its residual interest in the bank; this made the bank a fully privatized institution.
Due to Nigeria’s bank consolidation policy by the CBN in 2004, in 2006 NAL Bank merged with Magnum Trust Bank, Trust Bank of Africa, NBM Bank, and Indo-Nigeria Merchant Bank (INMB) and changed its name to Sterling Bank.
In 2011, Sterling Bank Plc acquired the franchise of Equatorial Trust Bank.
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