How to transfer money from Sterling Bank account

Last Updated on July 20, 2024 by admin

In this digital age, the ability to transfer money seamlessly has become an essential aspect of our financial lives. Fortunately, Sterling Bank offers a plethora of efficient and secure methods to transfer funds.

Sterling Bank recognizes the varied needs of its customers when it comes to transferring money. By providing a comprehensive suite of options, including online banking, mobile banking, ussd code transfers, and more, Sterling Bank ensures that convenience is just a few clicks or taps away.

So, whether you’re embracing the digital world or prefer the traditional touch, Sterling Bank has got you covered, guaranteeing seamless and secure money transfers every time.

Whether it is checking account balances, transferring funds between accounts, or paying bills, sterling Bank Internet Banking  and ussd offers a range of services that cater to the diverse needs of its customers.

With robust security measures in place, including encryption technology and mul-tifactor authentication, customers can have peace of mind knowing that their financial information is secure.

You can also read: Sterling Bank: How to Transfer Money, check account balance

The service is seamless, fast and secure, you can now carry out banking services such as airtime recharge, transfers, bill payments and more from any mobile device without data or internet connection. It’s available to both MTN, GLO, Airtel and 9mobile subscribers and it’s accessible 24/7.

The sterling bank ussd code works on all mobile devices including Android, iOS, Windows, but before you can start transaction, you need to registered and transfer from the phone number that is linked with the bank

There are various methods to transfer from sterling bank,which include USSD Unstructured Supplementary Service Data, Mobile app and Online banking , However we’ll dive our attention transfer money with ussd code.

How to transfer Money from Sterling bank

1. Online Banking

Sterling Bank’s online banking platform allows customers to transfer money to other accounts within the same bank or to external bank account. This convenient method not only saves time but also provides an extensive range of features, such as scheduled transfers, transaction history, and beneficiary management.

Transferring money from your Sterling bank account to another bank is a straightforward process that can be easily accomplished in a few simple steps.

First, ensure that you have the necessary details of the recipient’s account, including their bank name, account number,

1.To transfer cash using Sterling online banking simply login
2. . Select the “Transfer” option and choose the account you want to transfer from.
3. Enter the recipient’s bank details, including the bank name, account number, and account name.
4. Input the amount you want to transfer and add a description if necessary.
5. Confirm the transaction and enter your transaction PIN or token code to complete the transfer”

2, Mobile APP

With a smartphone in almost every pocket, Sterling Bank capitalizes on this tech-savvy era through its mobile banking app. This user-friendly platform enables customers to transfer funds swiftly to any preferred bank account using just a few taps. The mobile app also offers additional features like real-time notifications, bill payments, and the ability to initiate transfers through QR codes, making it an all-in-one financial tool.

Log in to your Sterling Bank account MOBILE App
2,Select the “Transfer” option
3. Enter the recipient’s bank details
4.Enter the amount you want to transfer
5.Confirm the transaction and enter your transaction PIN or token code to complete the transfer

3, USSD

To transfer cash,from a sterling bank to another bank, just dial *822*Amount*AccountNumber# and complete the transaction with transaction PIN.

Example:

Dial *822*7000*1234567890# to transfer ₦7,000. then Input your security PIN to authorize the cash transfer.

Please before you transfer funds you need to register by dialing *822# from the phone number that is linked to your account and follow the prompt message to enroll for mobile transfer and create your secure PIN.

Also Read: How to buy airtime /recharge card from Sterling Bank account

How do register for Sterling bank ussd

How much can your transfer

The amount you can transfer using Sterling Bank USSD banking (*822#) depends on a few factors:

Default Limit:

• The default transaction limit for a single transfer is ₦20,000.
• The default daily limit for all transfers is ₦100,000.

Increased Limit:

• You can increase your single transaction limit up to ₦100,000 by creating a new PIN specifically for transfers.

Other Factors:

• Your account type and individual transaction limits may also influence the maximum amount you can transfer.

What is the Transaction Charges with sterling bank ussd

Sterling Bank charges for USSD (*822#) transactions vary depending on the type of transaction and the amount involved. Here’s a breakdown of the standard fees:

Transfers:

• Sterling Bank to Sterling Bank:
  • Free for amounts up to ₦20,000 per day.
• Sterling Bank to Other Banks:
  • ₦10.75 (VAT inclusive) for amounts between ₦0 and ₦5,000.
  • ₦26.88 (VAT inclusive) for amounts between ₦5,001 and ₦50,000.
  • ₦53.75 (VAT inclusive) for amounts above ₦50,001.

Bill Payments:

• All bill payments cost ₦107.50 (VAT inclusive).

Airtime Recharge:

• Free for self-recharge on the OneBank Mobile App.

Cardless Withdrawal:

• ₦100 per transaction.

To Check sterling bank account balance – N10.05 (VAT inclusive)
To Retrieve account number – N10.05(VAT inclusive)
Merchant Payment – N20.NG

Other Services:

• Charges for other services like balance inquiry, BVN verification, and PIN reset may apply. Please refer to the Sterling Bank website or contact their customer service for the latest fees.

FAQS

Q; Is it safe to transfer money using USSD or the mobile app?

Yes, both USSD and the OneBank app are secure channels for transferring money. They employ encryption and other security measures to protect your transactions.

Q: What should I do if I encounter an error during a transfer?

If you encounter an error, note the error message and contact Sterling Bank customer service for assistance. They will help you resolve the issue and complete the transaction.

Q; Can I transfer money internationally using the app or USSD?

Sterling Bank’s USSD code (*822#) does not support international transfers. However, you may be able to make international transfers through the OneBank app or internet banking, depending on your account type and eligibility.

Q: How do I transfer money using the OneBank Mobile App?

• Log in to the app.
• Select “Transfer” or “Send Money.”
• Enter the recipient’s account details, amount, and optional narration.
• Confirm the transaction and authorize it with your PIN or fingerprint.

Q: What are the ways to transfer money from my Sterling Bank account?

You can transfer money from your Sterling Bank account using:

• *Sterling Bank USSD code (822#): This is a quick and convenient option for transfers within Sterling Bank and to other banks.
• OneBank Mobile App: The app offers a user-friendly interface for transfers, bill payments, and other banking services.
• Internet Banking: Log in to your Sterling Bank internet banking account to transfer funds securely.
• Bank Branch: Visit any Sterling Bank branch to make transfers with the assistance of a customer service representative.

Conclusion:

In conclusion, transferring money from a Sterling Bank account is a simple and straightforward process that can be done through various channels, including online banking, the mobile app, visiting a branch, or using an ATM. Regardless of the method chosen, customers can rest assured that their money will be transferred securely and efficiently to the intended recipient.

By following the step-by-step instructions provided in this essay, customers can easily transfer money from their Sterling Bank account with ease and convenience.