Here is how you can easily transfer funds using the Sterling Bank transfer code in 2020.
In case you haven’t heard, Sterling Bank has updated their ussd mobile banking service following the numerous complaints from their customers about numerous failed transactions.
You can now transfer or send money to your family and friends without any hitch using the Sterling Bank ussd code.
In this post, I will show you how to send money to any bank account in Nigeria using the sterling bank code for fund transfers. Are you ready? Continue reading!
How *822# Works?
Nothing is as amazing as having to be able to carry out financial transactions without visiting any of the bank’s branch.
Introduction of internet banking and the bank’s mobile banking app helped made things easier for Sterling bank customers. But even more, is the introduction of the bank’s ussd code for financial transactions.
The bank has taken mobile banking to a new height, enabling its customers to have little or no use for the bank physical branches when it comes to sending money.
The Sterling bank ussd code works on all kinds of phones and allows customers to send money to anybody they wish to right here in Nigeria.
You can transfer money with the code regardless of the time or day. Weekend or not.
Sterling Bank USSD Code
This is the code for carrying out all kinds mobile banking transactions involving Sterling Bank.
As a customer of the bank, this is the code you need to dial to register for the mobile banking service and as well as activate a PIN for all your transactions.
Below is a detailed guide on how to use the Sterling Bank 822 to send money to other Sterling bank subscribers and non-subscribers in the country. Keep reading!
Sterling Bank Transfer Code
- Dial *822*4* TheAmount*RecipientAccount Number#. (You must dial this code using the mobile phone line linked to your Sterling bank account. E.g. *822*4*9500*1234567890#)
- Enter your 4 digits PIN to confirm the transaction and have it go through
- Confirm the account name of the recipient and proceed
- If the whole transaction is successful, the bank will debit you and send the notification to your registered phone line
Transfer To Other Banks
On your phone, dial *822*5*TheAmount*RecipientAccountNumber#. (Just like in the first process, this code must be dialled through the phone line associated with your bank account).
- Select the recipient bank from the list of the Nigerian banks which will show up on your screen
- Confirm the recipient account name and proceed
- For every successful transaction you do with this ussd code, the bank will send you a debit notification
These above steps are all you need to send money to anyone in the country through your sterling bank account using the bank ussd code.
You can do this in the middle of the night or day, with or without browsing data on your mobile phone line.
You can use the code multiple times in a day to make financial transactions without leaving your comfort zone.
By launching the mobile money ussd code for transferring funds, Sterling Bank has actually proven that indeed their customers are their first priority.
Ever since it was founded in 1960, this Nigeria’s first merchant bank has continued to deliver quality banking service to the citizens of the country.
With a vision to reach the underbanked and the unbanked, Sterling bank has established over 180 branches all over the country and 847 ATMs across the country. As of 2018, the bank POS terminals and merchants reached a whooping number of 7853.
In the same 2018, the bank recorded a 14% rise in Gross Earnings with the total amount being pegged at N152 billion.
Frequently Asked Questions
Check out some of the frequently asked questions about Sterling bank ussd code for mobile money transfers and their complete answers.
1.) How much does sterling bank charge for funds transfers?
For transfer below 5000 Naira, you will be charged 10 Naira. If you are transferring between 5001 and 50,000 Naira, the charges is 25 Naira and for transfer above 50,000 Naira the charges is 50 Naira.
Based on how much other banks charge their customers, I think the Sterling bank charge is a little bit fair.
2.) What is the maximum amount I can transfer using *822#?
The maximum amount you can transfer per time using *822# is N50,000. You can’t send more than that at once with the mobile banking code.
Also, the daily maximum amount of money you can transfer with Sterling bank’s ussd is N100,000. If the money you want to transfer exceeds that, you may want to use another alternative to do it.
3.) Can I use the mobile banking code on public holidays?
Yes, you can. The ussd code works 24/7, public holidays or not. Same goes for weekends and midnights. You don’t have to wait to use it only on working days, you can use it on any particular day you need to send money to someone and it will work for you.
4.) Can I use the code without registering for the bank’s mobile money service?
No, you can’t. If you haven’t registered for the service before, you can do that by dialling *822*1# on your mobile phone.
You will be required to register for the service using your credit card details. Once that is done, you can be able to enjoy all the rich benefits the ussd code offers.
5.) Can I use the ussd code on my current account with Sterling bank?
Yes you can. The mobile banking ussd code is for all customers of the bank, not only those with savings accounts.
So if you are operating an individual current account with the bank, feel free to dial *822*1# to register for the mobile banking service now.
This article explains how you can transfer money from your Sterling bank account to any bank account in Nigeria using the Sterling bank transfer code.
You can as well use it to retrieve your sterling bank account number without any stress.
Are you searching for Sterling bank ussd code? Do you need to urgently send money to someone using the Sterling bank code?
Quickly pick up your phone and follow the instructions in this guide to initiate and complete the transfers.
I hope you find this information useful.