Polaris Excel

Polaris Excel Account is our premium business account targeted at all businesses (Enterprises, Business Ventures, Limited Liability companies, Sole proprietorship), Churches, Clubs/ Associations, Cooperative Societies, Charities and other Not-For-Profit Organisations with Corporate Affairs Commission (CAC) registration.

  • Customers enjoy zero account maintenance fees when they maintain the minimum operating balance.
  • On our PolarisXperience App, customers can carry out all banking transactions such as paying suppliers abroad, on their mobile devices with no hassles.
Product Features and Benefits
  • Account Opening balance is N500,000
  • Minimum Operating Balance is N500,000
  • Account below the N500,000 daily balance will attract CAM fee of N1/per mille on all debit transactions for the month
  • Free/Discounted invitation to sector- specific business seminars
  • Availability of Cheque book
  • Access to CBN/BOI loans*
  • Dedicated Relationship Manager
  • Access to Internet Banking, Transaction Alert, and E-statement
  • Free membership for female Entrepreneur on Polaris Pearl
Account Opening Documentation
  • Duly completed account opening application form.
  • Two (2) suitable references
  • Board resolution to open account.
  • Two (2) recent identical passport photographs of each signatory.
  • 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).
  • Resident permit issued by the Immigration Authorities (Expatriates).
  • Valid primary means of identification
  • Current utility bill (not more than 3 months)
  • Premises visitation Report
  • 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)
  • BVN details required

Download PolarisXperience or PolarisMobile from the App Stores.


Our relationship with you goes beyond banking.