Polaris Salary Account is designed for individuals in paid employment. The account allows customers receive their monthly income while enjoying superior banking services and access to loan offerings
Features & Benefits
- Easy on-boarding
- Zero opening and operating balance
- Competitive interest on savings
- Free Verve Debit Card for first issuance
- Mobile banking transaction daily limit of N30,000 at a maximum of N3,000 per transaction (For Instant Salary)
- Mobile banking transaction daily limit of N100,000 at a maximum of N10,000 per transaction (For Instant Salary Plus)
- Maximum single deposit limit of N50,000 and cumulative account balance of N300,000 (For Instant Salary)
- Maximum single deposit limit of N100,000 and cumulative account balance of N500,000 (For Instant Salary Plus)
- Maximum of 4 withdrawals monthly; Interest forfeiture if withdrawal exceeds four (4) times in a month
- LCY & FCY denominated
- Access to e-channel platforms
- Access to loans
Account Opening Documentation
| Account Opening Documentation | Polaris Instant Salary Account | Polaris Instant Plus Salary Account | Polaris Salary Account - Savings |
| 1 passport photograph | √ | √ | √ |
| Bank Verification Number (BVN) | √ | √ | √ |
| Valid means of identification (Int'l passport, Driver’s license, National ID, Voter’s card) | - | √ | √ |
| Proof of Address (PHCN, Water bill, Waste disposal bill, tenement, etc.) | - | - | √ |
| Premises Verification Report | - | - | √ |
| Resident permit (for expatriates) | - | - | √ |
| Reference forms (only required to allow customer pay in other banks’ cheques) | - | - | √ |
