Welcome, Today we’ll be discussing On How to upgrade Sterling Bank account easily (Online & Offline).
Sterling Bank is a leading commercial bank in Nigeria with over 180 branches nationwide and over 1.5 million customers. Upgrading your regular Sterling Bank savings account to a premium variant unlocks several benefits.
Benefits of Upgrading Your Sterling Bank Account
Some key reasons to upgrade your regular Sterling Bank account include:
- Higher interest rates on account balances
- Discount or waiver of certain transaction charges
- Dedicated relationship manager and priority service
- Free debit/credit card with loyalty rewards
- Eligibility for personal loans and overdrafts at lower rates
- Higher daily limits on cash withdrawals, transfers etc.
Tips for Upgrading Your Account
Follow these useful tips when upgrading your Sterling Bank account:
- Visit your home branch for faster offline upgrade experience
- Have necessary documents like valid ID card, passport photo, PIN ready
- Choose account type wisely based on usage – savings, current, salary etc
- Fund account immediately with minimum opening balance
- Leverage self-service portal for convenient online upgrade
How to Upgrade Sterling Bank Account Offline
To upgrade your account at a Sterling Bank branch, follow these steps:
- Visit your home branch and request to upgrade account
- Fill out account upgrade form and submit with attachments
- Relationship officer reviews application and initiates upgrade
- Make minimum opening deposit for new account type
- Collect upgraded account package within 24 hours
Documents Required for Offline Upgrade
- Valid means of ID (national ID, driver’s license, voters card etc.)
- 2 recent passport photographs
- Proof of residence (utility bills, rent agreement etc.)
- BVN verification document (optional)
How to Upgrade Sterling Bank Account Online
To upgrade your Sterling Bank savings account online, follow these steps:
- Login to Sterling Bank internet banking platform
- Select ‘Upgrade My Account’ option
- Choose new premium account type and plan
- Review terms, fill form and submit application
- Fund account immediately with minimum opening balance
- Upgraded account is active within 24 hours
- Notification message sent to registered contact
Information Required for Online Upgrade
- Account number
- BVN
- Valid means of ID
- Email address
- Phone number
- Minimum balance amount etc.
FAQs on How to upgrade Sterling Bank account easily (Online & Offline)
Here are some FAQ with answers On How to upgrade Sterling Bank account easily (Online & Offline).
1. Which Sterling Bank account is easiest to upgrade to?
The Sterling Bank Premium Savings Account option has the lowest balance requirements and fees making it the easiest to upgrade to.
2. Can I still operate my old account after upgrade?
Yes, you can choose to keep your old regular savings account alongside new premium account.
3. Is there a cost for upgrading my account?
No, Sterling Bank does not currently charge any fee for upgrading regular savings account to premium variant.
4. Do I need to re-issue my debit card after upgrade?
No, your existing debit card will function normally after upgrade. However, you can request for higher card types based on new account tier.
5. Can I downgrade back to my old account?
Yes, you can downgrade from the premium account to your old regular savings account within 6 months without extra charges.
6. What documents do students need to upgrade account?
Students need valid school ID, JAMB letter, BVN, passport photo, and minimum account opening balance required.
7. How many days does account upgrade take?
Sterling Bank account upgrade takes between 1-3 working days for both offline and online applications to be fully completed.
8. Do I need to visit branch to upgrade salary account?
No, Sterling Bank allows salary account upgrades directly via mobile app or internet banking platform without visiting branch.
9. Can I get overdraft after upgrading my account?
Yes, account upgrade allows access to overdraft and quick loans at lower preferential interest rates.
10. How much do I need to open a current account?
Minimum balance required to open a Sterling Bank current account upon upgrade is N100,000 for individuals.
11. Which account types can I upgrade to?
The major account types you can upgrade to are: Savings, Current, Corporate, Salary, Student, Kids, etc.
12. Can I upgrade for my children?
Yes, parents/guardians can upgrade minor savings accounts for kids under 18 to premium variants through offline process.
13. Is there a mobile app for account upgrade?
Yes, apart from Internet Banking you can also easily upgrade your Sterling Bank account via their mobile banking apps.
14. How much balance do I need after upgrade?
Minimum post-upgrade balance is N2,000 for savings, N100,000 for current accounts. Failure to fund account leads to reversal after 30 days.
15. Can sole proprietor upgrade to corporate account?
Yes. Sterling Bank allows solely owned businesses to upgrade to corporate accounts subject to provision of business RC/license.
Conclusion
Upgrading your Sterling Bank account enables you enjoy several benefits like reduced fees, interest payment, improved services and access to solutions. Sterling Bank offers reliable account upgrade options via self-service online/mobile banking or by visiting a branch. The process is straightforward with new premium features reflecting in 24 hours based on chosen account type. Reach out if you need any assistance with upgrading.
After reading this article now you know How to upgrade Sterling Bank account easily (Online & Offline).
