In this rapidly evolving digital era, ease of use is essential, and Sterling Bank of Asia understands this. With SBA's Personal Account and mobile banking app, banking is no longer a chore. Whether you're managing your finances on the go or simplifying your payment processes, Sterling's mobile features are designed to make life easier. Here's a closer look at what you can do once enrolled.

Seamless Enrollment via Mobile Banking App

Getting started is a breeze. You can enroll directly through the Sterling Bank of Asia Mobile App—no need to visit a branch. Just download the app, follow the prompts, and you're in. It's secure, quick, and user-friendly.

Enroll Your Prepaid or Debit Card

Do you have a Sterling prepaid or debit card? You can link it to your account in just a few taps. Once enrolled, your card is fully integrated into your mobile banking experience—perfect for easier management and control.

Effortless Fund Transfers

Move money to or from your enrolled prepaid or debit card with ease. Whether you're topping up your card or transferring funds to your main account, it's all done in real-time within the app.

Hassle-Free Bill Payments

No more lining up to pay bills. Use your enrolled card to settle utility bills, loan payments, and more—all through the app. Just a few clicks, and you're done.

Card Management at Your Fingertips

Take control of your card like never before. With the app, you can:

• Enable or disable e-commerce access
• Change your card's status (e.g., temporarily block it if misplaced)
• Set transaction limits to keep your spending in check

Generate QR Codes for Prepaid Cards

Need someone to send you money? Generate a QR code linked to your prepaid card so anyone can send funds quickly and securely. It's perfect for freelancers, small business owners, or anyone who prefers digital payments.

Add Other Local Banks as Favorite Transfer Accounts

Do you frequently send money to other banks? You can now save local banks as favorites for faster fund transfers. There is no need to input account details each time.

Efficient Management of Favorite Accounts and Billers

Organize your financial life like a pro. Save and manage your favorite transfer accounts and billers in one place, so your next transaction takes seconds—not minutes. With Sterling Bank of Asia's Personal Account and mobile banking features, financial management becomes smart, secure, and simple. Say goodbye to long queues and complicated processes—your bank is now in your pocket.

In today’s highly competitive market landscape, having easy access to funding is a key factor in ensuring the success of any growing business. Entrepreneurs need the confidence that they can readily obtain financing through banks, allowing them to take advantage of opportunities in the marketplace and support sustained business growth.

As one of the country’s leading thrift banks that provides various business solutions to its clients, Sterling Bank of Asia (SBA) has pledged its support to help small and medium enterprises thrive in the ever-competitive marketplace.

SBA offers a wide range of business loan products that cater to the different needs of its customers, ranging from startups to established enterprises. 

Are you an entrepreneur or business owner looking to take your company to the next level and in need of financial support? Here is a list of banking products that are available to you.

Term Loan

1. For working capital requirements. This is short-term revolving credit that allows for staggered or full loan availment. Monthly principal amortization and interest payments are required.

2. For capital expenditures. This type of loan provides a lump sum of cash upfront to finance acquisitions of properties, plant and equipment, and the construction of buildings, warehouses, and production facilities. Repayment is fixed over a specific period/term. It requires amortization of principal on top of making regular/monthly interest payments. Repayment period ranges from one to five years. This will require projections to be prepared by the borrower/applicant.

Trade Check Discounting

Check discounting is a bank product that will help finance your short-term funding requirements. Post-dated checks held by the borrower/applicant are surrendered to the bank in exchange for cash. Appropriate fees and interest will be deducted from the loan proceeds.

Developmental Loan

This loan is for those who are planning to develop a real estate property intended for sale or to lease out to prospective tenants in the future. To apply for this loan, borrowers/applicants must provide a project study detailing the development costs and sources of repayment. This information will help determine the loan term and repayment structure to align with the expected cash flow.

Domestic Bills Purchase

This product is for borrowers/applicants who require immediate conversion of a dated check deposit into Cash on the same day the Bank waives the check-clearing period. Appropriate fees and charges will apply.

Letter of Credit or Bank Guarantee (Domestic/Foreign)

This is being issued by the Bank as a form of guarantee of payment to the beneficiary (supplier/seller) of the Bank’s client (buyer) for the latter’s purchase of goods and services.

Trust Receipt

Trust Receipt is used to settle an existing/open Letter of Credit (Domestic/Foreign). The Bank will advance payment for goods and services to the beneficiary (supplier/seller), in behalf of the borrower/applicant. The Bank will retain ownership of the goods and services, while the TR is outstanding. Borrower/applicant is required to make principal amortization and monthly interest payments.

Factoring of Receivables

This product converts the borrower’s/applicants’ trade receivables into cash, which can bridge finance funding gaps.

Choosing the right bank financing product is essential for your business’s success. We are confident that your business will reach its full potential with the appropriate loan funding. So, evaluate your funding requirements carefully and choose wisely from the different bank products. Rest assured that SBA is here, always ready and willing to help you meet your every need and goal.

 Visit the bank's business loans page to know more.

The evolving financial landscape makes it more important than ever to instill sound financial habits in children from a young age. One of the most effective ways to do this is to encourage kids to start banking early. By opening their bank account, parents can lay the foundation for a lifetime of responsible financial management.

Financial Literacy and Education
One of the primary benefits of starting a bank account for a child is that it introduces them to the world of finance in a tangible way. Through hands-on experience, they can learn about money, saving, and budgeting. By depositing and withdrawing funds, children can develop a practical understanding of how money works and its value.

Moreover, a bank account provides a platform for parents to teach children about financial literacy. They can use the account to discuss budgeting, interest rates, and the importance of long-term saving. By engaging in conversations about money management, parents can help their children develop critical thinking and decision-making skills that will serve them well throughout their lives.

Saving and Goal-Setting
Starting a bank account also encourages children to save money. By setting aside a portion of their allowance or other income, children can learn the value of delayed gratification and the importance of planning for the future. They can set financial goals, such as saving for a new toy or a special experience, and track their progress toward achieving them. This not only teaches them the concept of working towards a desired outcome but also instills a sense of accomplishment when they reach their goals, a feeling that can motivate them to continue practicing good financial habits.

Responsibility and Independence
Another advantage of having a bank account is that it gives children a sense of responsibility and independence. They are entrusted with managing their finances, which teaches them the importance of being accountable for their actions and instills a sense of trust from their parents. They learn to make decisions about how to spend their money and how to prioritize their financial needs. This sense of autonomy fosters self-reliance and empowers children to take control of their financial future.

Long-Term Benefits
Starting a bank account for a child has long-term benefits that extend far beyond childhood. Children who develop good financial habits early on are more likely to be financially successful as adults. They learn to manage their finances responsibly, avoid debt, and plan for the future. This can lead to greater financial security, reduced financial stress, and a higher quality of life. By starting a bank account for their children, parents can feel confident that they are setting their kids up for a lifetime of financial success.

Start Saving with Neo
Sterling Bank of Asia (SBA) Neo Savings Account is a special savings deposit account for kids aged 19 and below. Kids can open an account with any amount, so they can start saving and earning at the same time at an early age and grow their money for their own future. SBA Neo also comes with a specially designed passbook and a Visa debit card so they can easily monitor transaction histories and current account balances.

By introducing them to the world of finance and teaching them sound financial habits, parents can set their children up for a lifetime of financial success. However, it's important to remember that opening a bank account is the first step. Ongoing financial education and reinforcement are crucial. Whether saving for a special purchase or planning for the long term, a bank account empowers children to take control of their finances and make informed decisions about their financial future. Parents can help their children build a solid foundation for financial literacy, responsibility, and independence by learning to bank while young.