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Sterling Current Accounts

Classic Current Account

Availability: The Classic Current Account is targeted at individuals, corporate organizations, NGOs, Government parastatals etc.
Opening Balance: N10,000.00
Daily Minimum Balance N/A
Rate: N/A
Liquidity:  No restriction on number of monthly withdrawals
Default charge of 35% if balance falls below zero for non-borrowing accounts
Benefits:
  1. Access to electronic banking services
  2. Access to overdraft facilities
  3. COT at N5/mille (negotiable with huge turnover)
  4. Direct settlement of utility bills, e.g PHCN, DStv, etc
  5. Access to consumer finance
  6. Issuance of debit card (Naira visa & verve)
Cross Selling Opportunities:
  1. Sterling Premium Account
  2. Sterling Premier Account
  3. Sterling Priority Account
  4. Sterling Choice Account
  1. ATM
  2. SMS Alert
  3. Mobile Banking
  4. Internet Banking
Account opening Requirements:
  • Duly completed account opening form
  • Duly completed specimen signature card
  • Two (2) recent passport sized photographs
  • Valid means of identification i.e International Passport, Driver’s License, National ID Card
  • Valid resident permit (For Foreigners Only)
  • Two (2) duly completed and satisfactory references for  related accounts
  • Current utility bill from place of residence (e.g. electricity, water rate, telephone bills)

Sterling Premium Account

Availability: Sterling Premium Account is targeted at individuals, corporate organizations, NGOs, Government parastatals etc.
Opening Balance: Individual - 150,000
Corporate - 250,000
Daily Minimum Balance Individual - 100,000
Corporate - 250,000
Rate: 1% per annum.
Liquidity:  Withdrawal is restricted to Three (3) times monthly withdrawals after which interest is forfeited and COT is applied on all transactions thereafter
Benefits:
  1. A zero COT Current Account
  2. Zero COT if minimum balance is maintained
  3. Issuance of debit card (Naira visa & verve)
  4. Internet and mobile banking services
  5. Withdrawal via alternative channels i.e ATM, POS are excluded from number of monthly withdrawals
  6. No restriction to number of withdrawals via all e–channels.
Cross Selling Opportunities:
  1. Classic Current Account
  2. Sterling Premier Account
  3. Sterling Priority Account
  1. ATM
  2. SMS Alert
  3. Mobile Banking
  4. Internet Banking
Account opening Requirements:
  • Duly completed account opening form
  • Duly completed specimen signature card
  • Two (2) recent passport sized photographs
  • Valid means of identification i.e International Passport, Driver’s License, National ID Card
  • Valid resident permit (For Foreigners Only)
  • Two (2) duly completed and satisfactory references for  related accounts
  • Current utility bill from place of residence (e.g. electricity, water rate, telephone bills)

Sterling Premier Account

Availability: Sterling Premier Account is targeted at individuals, corporate organizations, NGOs, Government parastatals etc.
Opening Balance: Individual - 250,000
Corporate - 500,000
Daily Minimum Balance Individual - 250,000
Corporate - 500,000
Rate: Prevailing savings interest rate
Liquidity:  Withdrawal is restricted to Five (5) times monthly withdrawals after which interest is forfeited and COT is applied on all transactions thereafter
Benefits:
  1. A zero COT Current Account
  2. Zero COT if minimum balance is maintained
  3. Free verve card
  4. Internet and mobile banking services
  5. Withdrawal via alternative channels i.e ATM, POS are excluded from number of monthly withdrawals
  6. No restriction to number of withdrawals via all e–channels
Cross Selling Opportunities:
  1. Classic Current Account
  2. Sterling Premium Account
  3. Sterling Priority Account
  1. ATM
  2. SMS Alert
  3. Mobile Banking
  4. Internet Banking
Account opening Requirements:
  • Duly completed account opening form
  • Duly completed specimen signature card
  • Two (2) recent passport sized photographs
  • Valid means of identification i.e International Passport, Driver’s License, National ID Card
  • Valid resident permit (For Foreigners Only)
  • Two (2) duly completed and satisfactory references for  related accounts
  • Current utility bill from place of residence (e.g. electricity, water rate, telephone bills)

Sterling Priority Account

Availability: Sterling Priority Account is targeted at individuals, corporate organizations, NGOs, Government parastatals etc.
Opening Balance: Individual - 500,000
Corporate - 1,000,000
Daily Minimum Balance Individual - 500,000
Corporate - 1,000,000
Rate: Prevailing savings interest rate
Liquidity:  Withdrawal is restricted to Five (5) times monthly withdrawals after which interest is forfeited and COT is applied on all transactions thereafter
Benefits:
  1. A zero COT Current Account
  2. Zero COT if minimum balance is maintained
  3. Life insurance of maximum N1,000,000 & N3,000,000 for Individual and Corporate customers (against death)
  4. Free first cheque book
  5. Free SMS alert
  6. Free Naira Visa card
  7. Internet and mobile banking services
  8. Withdrawal via alternative channels i.e ATM, POS are excluded from number of monthly withdrawals
  9. No restriction to number of withdrawals via all e – channels
Cross Selling Opportunities:
  1. Classic Current Account
  2. Sterling Premium Account
  3. Sterling Premier Account
  1. ATM
  2. SMS Alert
  3. Mobile Banking
  4. Internet Banking
Account opening Requirements:
  • Duly completed account opening form
  • Duly completed specimen signature card
  • Two (2) recent passport sized photographs
  • Valid means of identification i.e International Passport, Driver’s License, National ID Card
  • Valid resident permit (For Foreigners Only)
  • Two (2) duly completed and satisfactory references for related accounts
  • Current utility bill from place of residence (e.g. electricity, water rate, telephone bills)

Sterling SUPA Account

 

Availability: Zero COT Current account product specifically targeted at Micro, Small & Medium Enterprises (MSMEs) i.e Traders etc.
  • Minimum opening balance of N5,000
  • Zero COT
  • N1,500 minimum balance & above to be maintained for monthly service charge
  • SMS alert
  • Issuance of Verve Card
  • Access to electronic banking services i.e Internet & Mobile Banking
Opening Balance: N5,000
Daily Minimum Balance N1,500 minimum balance & above to be maintained for monthly service charge
Rate: Not applicable
Liquidity:  Limited to a maximum monthly debit turnover of N40million
Benefits:
  1. Business support for customers
  2. Free access to weekly updates on the economy
  3. Free access to business directory to locate key businesses in Nigeria, e.t.c
Cross Selling Opportunities:
  1. Classic Current Account
  2. Sterling Plus Account
  3. Domiciliary Account
  1. Verve card
  2. SMS Alert
  3. Internet & Mobile Banking
Account opening Requirements: The customer information to be provided include:
  • Complete account opening form
  • Passport photograph
  • Means of identification
  • Two Suitable references
  • Utility Bills
  • KYC

Current Accounts

Get a wide range of current accounts with so much benefits that suit your personal or business needs.
  1. Classic Current Account
  2. Sterling Premium Account
  3. Sterling Premier Account
  4. Sterling Priority Account
  5. Sterling SUPA Account
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