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.
Features/Benefits
- 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 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 | √ | - |
We are excited to welcome you into the Polaris family. Click below to get started
Download VULTe from Google Play Store or Apple App Store
