Sterling Bank Transfer Code 2020 to other banks.
Hello there! Welcome to Financial Expert NG. Here, we will enlighten you on the topic above. After reading this, all you will need to do is just to proceed on your own. The guide is enough to teach you everything you should know about the topic.
Are you a new or an existing Sterling Bank Customer? If yes, this post is for you. We make a lot of financial activities or transactions everyday and of course, sending money is one of them. We buy goods, use services, pay bills etc. Name them. Each and everyone of it requires money. And that is why we need to make transfers.
Going to bank for deposits should never be an option for you after reading this article. Who does that in this century? Except you have cash at hand and need to deposit it. This is why banks have introduced USSD banking to their customers to enable them transfer funds to any bank making use of their mobile phone and network.
With the USSD banking, funds transfers are done within a snap. All you have to do is to dial a short code on your phone and you are good to go. It is called a transfer code. Now, You might be wondering what the Sterling Bank Transfer Code is. Not to worry, that was why this article was written in the first place.
In the next paragraph, we will reveal to you what the Sterling Bank Transfer code is and of course how to use the code to wire funds to any bank account in Nigeria. The destination bank can be a commercial bank, or even a microfinance bank. As long as it is registered as a Financial Institution by the Central Bank of Nigeria.
What is the Sterling Bank Transfer Code?
The Sterling bank transfer code is *822*Amount*AccountNo#. You can use this code to transfer money to other banks like Access Bank PLC, First Bank Nigeria, Guaranty Tesut Bank, Fidelity Bank, United Bank of Africa, to mention a few. Also, you can transfer funds from your Sterling Bank Account to another Sterling Bank Account in Nigeria.
You would have noticed that the country ‘Nigeria’ has been mentioned repeatedly in the preceding paragraph. This is to signify that you cannot use this code to transfer funds to bank accounts outside Nigeria. The code works only for Nigerian Bank Accounts.
The Sterling Bank Transfer Code is exclusive for use to only Sterling Bank customers. That is, if you are not a Sterling Bank Individual account holder, you will not be able to make use of this code. If you want to use the Sterling Bank Transfer Code and you do not own an coount with the bank, just walk directly into a Sterling bank branch to open a new account or dial *822# on your phone to begin. Take note of this.
The Sterling Bank USSD service is very secure and does not permit fraudulent activities on its system. Therefore, every user will have to authorise his or her transfers with a PIN. Without this PIN, you will not be able to make any transfer via the USSD banking, because you will be asked to provide it at the point of confirmation. Entering a wrong PIN will make the transaction invalid.
So, you have to create your own Sterling Bank USSD banking PIN. It is a 4 digit number. I will be showing you how to create your own USSD banking PIN in two easy steps. Check the next line.
- Using the phone number registered with your Sterling Bank Account, dial *822*1*NUBAN#.
- Follow the on-screen prompts.
If you do not want to make use of this method, you can just dial *822#. You will be required to create a 4 digit PIN on your first transaction. Kindly use a PIN, you will easily remember for future purposes. It is not a One Time Password/PIN (PIN).
How to use the Sterling Bank Transfer Code to wire funds in Nigeria.
To transfer funds to Nigerian Bank accounts, follow the procedure below;
- Making use of the phone number registered with your Sterling Bank account, simply dial *822*amount*AccountNo#.
- You will be required to select the destination bank in the next page, Choose the bank you are sending the funds to.
- Enter your 4 digit PIN.
- If you do no tlike this procedure, dial *822# , select “Transfers” and follow the on-screen prompts.
Frequently Asked Questions on the Sterling Bank Transfer Code
What is the daily Transfer limit on the USSD service?
The daily transaction limit on the *822# banking service is a cumulative sum of hundred thousand naira N100,000. The limit on a single transfer is N20,000.
Do I need airtime on my phone to make use of this service?
Unlike other banks which require you have an airtime balance of N10 to use the USSD banking, Sterling Bank does not require that at all. You can perform your transfers with an airtime balance of N0.
I made a Transfer with the *822# code, but it failed and I was debited, please help! What do I do?
Don’t panic if this happens. It is just a system error and will be reversed in 24 hours time. However, if you are not credited within this period, call the contact centre on 07008220000. You can also send a mail to firstname.lastname@example.org
What are the charges for Inter and Intra Bank Transfer
For intra-bank transfers, the charges are N21 (VAT included), per transfer. That is, if you are sending to other Sterling Bank customers, you will be charged N21 for each transfer. On the other hand, if you are transferring to other banks (inter-bank), you will be charged N52.50 (VAT included).
I misplaced my phone containing my number registered on the USSD banking, what should I do?
If this has happened to you, call the Sterling bank contact centre immediately on 07008220000 or quickly go to a branch nearest to you. The bank will freeze the USSD service on your account pending the time, your phone number is changed or retrieved.
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