We introduce a new three step iterative scheme with errors to approximate the unique common fixed point of a family of three strongly pseudocontractive (accretive) mappings on Banach spaces. Our results are generalizations and improvements of results obtained by several authors in literature. In particular, they generalize and improve the results of Mogbademu and Olaleru [A. A. Mogbademu and J. O. Olaleru, Bull. Math. Anal. Appl., 3 (2011), 132-139], Xue and Fan [Z. Xue and R. Fan, Appl. Math. Comput., 206 (2008), 12-15] which is in turn a correction of Rafiq [A. Rafiq, Appl. Math. Comput., 182 (2006), 589-595].