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BANKING · QUARTERLYas of 2026-07-28

Sterling Bank: USSD Code, Transfer Charges, SWIFT Code & Rates

Commercial bank · Sterling · 35 Lagos branches · ₦5M NDIC coverage

AT A GLANCE
SWIFT
NAMENGLA
USSD
*822#
Savings rate
2–5%
Fixed deposit
14–22%
WHY THIS BANK

No charge if your salary reach ₦50K. Niche banking.

Dem specialize for different sector — HEART, SHINE, GROW.

ABOUT Sterling Bank
Bank profile · we don verify am

Sterling Bank na Commercial bank (CBN license, NDIC dey insure am) wey dem start for 1960 (66 years ago), and na Sterling Bank Plc dey operate am. For 2026 e dey serve about 4M+ customers through 170 branch nationwide.

Dem start am
1960 · 66 years dey serve Nigerians
Owner company
Sterling Bank Plc
Customer base
4M+
Branch for Nigeria
170
Bank type
Commercial bank (CBN license, NDIC dey insure am)
Website
sterling.ng
HEAD OFFICE
Sterling Bank headquarters
Address
Sterling Towers, 20 Marina, Lagos Island, Lagos, Lagos
CHARGES
CBN-regulated · effective May 2026
Transfer <₦5,000
FREE
Transfer ₦5,000–₦50,000
₦10
Transfer >₦50,000
₦50
SMS alert
₦4 / SMS
Email alert
FREE
ATM card issuance
₦1,500
ATM card maintenance· scrapped May 2026
FREE
Virtual card
FREE
Current acct maintenance· ₦0 from 2027
₦0.5/₦1,000
Hardware token
₦2,500
Min opening balance
₦0
NDIC coverage
₦5M NDIC coverage
TRUE YEARLY COST
at typical use

If you dey do 20 transfer, 4 other-bank ATM visit, and 30 SMS alert every month:

Sterling3,840/year

₦1,440 more than Kuda (₦2,400/yr). That na 0 bags of rice.

Compare with all 23 bank →
HOW TO OPEN ACCOUNT

Time to open: 15 minute · Online through app

UNIQUE FEATURES
HEART sectors

Health, Education, Agriculture, Renewable, Transport — Sterling dey explicitly focus im lending on these five sector.

OneBank App

Consolidated Sterling banking app wey dem roll out from 2021. E dey handle retail + business + wealth banking for one interface.

OneBank for Business

Dedicated SME/business current account with reduced maintenance fee and priority relationship manager.

SHINE product suite

Sterling ethical/values-focused banking option for customer wey want non-interest-based product.

APP RATINGS & CONTACT
iOS rating
4 / 5
Android rating
3.8 / 5
Lagos branches
35
Lagos ATMs
90
QUESTIONS PEOPLE DEY ASK PASS
Answer about Sterling Bank
Wetin be Sterling Bank USSD code?
Sterling Bank USSD banking code na *822#. Dial am from any phone wey link with your account to transfer money, check balance, buy airtime, or pay bills — no data or app need.
Wetin be Sterling Bank SWIFT / BIC code?
Sterling Bank SWIFT/BIC code na NAMENGLA. Use am when you dey collect international wire transfer to your Sterling Bank account.
Wetin be Sterling Bank transfer charges?
bankingDetail.faqTransferA
Wetin be Sterling Bank savings account interest rate?
Sterling Bank dey pay 2%–5% per year on savings account balance (as of 2026). Real rate depend on balance tier and account type.
Wetin be Sterling Bank fixed deposit rate?
Sterling Bank dey offer 14%–22% on fixed deposit, e depend on tenor (30, 60, 90, 180 or 365 days). Higher amount and longer tenor go earn better rate.
Where Sterling Bank head office dey?
Sterling Bank headquarters dey at Sterling Towers, 20 Marina, Lagos Island, Lagos, Lagos, Nigeria.
NDIC dey insure Sterling Bank?
Yes. Deposit for Sterling Bank dey insured by Nigeria Deposit Insurance Corporation (NDIC) up to ₦5,000,000 per depositor per bank.
How I fit contact Sterling Bank customer service?
Website: sterling.ng. Phone: —. Head office visit: Lagos Island, Lagos.
COMPARE WITH OTHERS
FeatureSterlingKudaFidelity
SMS fee₦4FREE₦5
Transfer ₦5K-₦50K₦10₦10₦10
Savings rate5%12%5%
NDIC₦5M₦2M₦5M
App rating4/54.5/54.2/5
Yearly cost₦3,840₦2,400₦4,200
RELATED
SWIFT CODE
NAMENGLA

For international transfer — see which remittance platform dey give the most naira.

SAVINGS vs STOCKS
5% vs NGX +55% YTD

Where ₦1M dey grow faster — savings or NGX stock?

IN RICE BAGS
₦3,840 = 0.1 bags rice

Yearly banking charge for Lagos market term.

Back to all 23 bank wey we compare