Polaris Business Account – Current

The Polaris Business account is specially developed to allow all SMEs the opportunity to find the right business solution and platform to nurture their businesses for growth.

Product Features and Benefits
  • Minimum opening balance of N10,000.00
  • Zero operating balance
  • Current Account Maintenance Fee of N1/mille on all debit transactions
  • Clearing Cheque book issuance
  • Access to business loans
  • 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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