Polaris Business Advantage – Starter

Polaris Business Advantage - Starter is a current account product targeted at small businesses, especially start-ups with a monthly turnover of N0 to N5million.

Features/Benefits
  • Minimum opening and operating balance of N10,000.00
  • Discounted/Fixed Current Account Maintenance Fee of N2,000.00 on accounts with debit transactions within the month
  • Monthly debit turnover threshold of N5,000,000. Excess on the monthly debit turnover will attract CAM Fee of N1/per mille
  • Clearing cheque book issuance
  • Access to business loans
  • Access to Polaris Bank SME Webinars and Programs
  • Access to e-channel platforms
Account Opening Documentation
Account Opening Documentation Limited Liability Companies Registered 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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