OneBank by Sterling — review & details

In Bank accounts · By the Rateweb editorial team · How we rate · Details checked 1 Aug 2026

Sterling Bank's fully digital account, advertising zero transfer fees to other banks — rare among Nigerian banks since transfer charges were re-regulated. Tiered onboarding runs from a personal-details-only wallet up to full savings and current accounts.

Best for fee-free transfers

OneBank by Sterling

Sterling Bank's fully digital account, advertising zero transfer fees to other banks — rare among Nigerian banks since transfer charges were re-regulated. Tiered onboarding runs from a personal-details-only wallet up to full savings and current accounts.
★★★★☆
4.0/5 · How we rate
App is free; charges only when you transact
Monthly Fee
Sterling Bank, a CBN commercial bank
Licence
NDIC-insured (commercial bank tier, to ₦5m)
Deposit Safety
Cutting transfer costs on a full bank account
Best For
digital
Type
Pros
  • Advertised zero transfer fees to other banks, and free airtime purchases
  • Wallet tier opens with personal details only — lowest possible barrier
  • Full commercial-bank product set behind it: loans, FX swap, investments, cards
Cons
  • Statutory charges (like stamp duty on larger deposits/transfers) still apply
  • Current-account tier requires referees, which slows full onboarding
  • The app bundles many Sterling products, so the interface is busier than minimalist rivals
Fees, eligibility & documents
Fees
Transfers to other banksZero fee advertised via OneBank
Statutory chargesStamp duty and other CBN/government levies still apply
Eligibility
  • Wallet: personal details only
  • Savings/current: BVN and valid ID
  • Current account additionally needs referees
Documents needed
  • BVN
  • Valid ID and e-signature
  • Referee details for current accounts
Visit Sterling OneBank

How OneBank by Sterling compares in bank accounts

OneBank by Sterling scores 4.0/5 in our bank accounts rankings. Our current top pick is Opay (4.3/5). Always compare a few before you decide — see the full bank accounts comparison.

OneBank by Sterling
4.0/5 · this page
 Opay
4.3/5
 Kuda
4.2/5
Monthly Fee App is free; charges only when you transact None None
Licence Sterling Bank, a CBN commercial bank CBN national licence (Jan 2026) CBN microfinance bank
Deposit Safety NDIC-insured (commercial bank tier, to ₦5m) NDIC-insured NDIC-insured (to ₦2m, MFB)
Best For Cutting transfer costs on a full bank account Free transfers + agent cash-out App-first budgeting
Visit Sterling OneBank → Visit Opay → Visit Kuda →

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Details last checked: July 2026

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