Polaris Excel is our premium business account for SME customers with high business turnover. Customers enjoy zero account maintenance fees when they maintain the minimum operating balance.

  • Minimum opening and operating balance of N500,000.00
  • Zero Current Account Maintenance Fee on accounts with operating balances of N500,000 and above
  • Clearing cheque book issuance
  • Access to business loans
  • Access to Polaris Bank SME Webinars and Programs
  • Free/Discounted invitation to sector- specific business seminars
  • Access to e-channel platforms

Account Opening DocumentationLimited Liability CompaniesRegistered Business Names
1 passport photographs of each signatory
Bank Verification Number (BVN) of Signatories
Valid means of identification of signatories (Int'l passport, Driver’s license, National ID, Voters card)
Proof of Address (PHCN, Water bill, Waste disposal bill, tenement, etc.)
Premises visitation Report
Two suitable references
Certified True Copy of Certificate of Incorporation/Registration of Business Name
Certified True Copy of Memorandum and Article of Association.-
Certified True Copy of form C07/CAC7 (particulars of Directors) and C02/CAC2 (Allotment of stares).-
Copy of Forms for application for Registration of Business Name-
Legal Search report
Residence permit issued by the immigration Authorities (Expatriates)
Evidence of Registration with Special Control Unit on Money Laundering (SCUML) for all Designated Nonfinancial Businesses and Professionals (DNFBP)- Where applicable
Tax Identification Number (TIN)
Board resolution to open account-

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