Sterling Bank has announced the removal of Account Maintenance Fee (AMF) across all personal accounts, a move it describes as a step toward true financial freedom for its customers, effective immediately as part of Nigeria’s 65th Independence Day Celebration.

The bank described the initiative as a “gift” to Nigerians, aimed at easing financial burdens on customers.

In a statement on Wednesday, October 1, the lender said the move underscoring its commitment to customer- friendly banking and financial inclusion.

It comes just months after the bank scrapped transfer fees on local online transaction in April.

The decision reflects the rising living costs pressure households, with banks under increasing scrutiny over charges.

Together, the decisions position Sterling as one of the most aggressive challengers of long-standing industry practices in Nigerian banking sector.