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 under 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, large corporations branch network in Nigeria numbered at 187, distributed throughout the country. With total assets of over 834 billion naira. With this stat, this bank is indeed strong in the Nigeria banking industry.
What every bank customers looks out for is the available banking services. This is why they do not jeopardize with the services they offer to their customers. One among their services is the *822# USSD banking.
The *822# provides banking services such as money transfer, 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 amazing banking experience to their customers.
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 using *822# to Transfer Funds
- 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 full privatized institution.
Due to Nigeria 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 their name to Sterling Bank.
In 2011, Sterling Bank Plc acquired the franchise of Equatorial Trust Bank.
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