Polaris Bank: USSD Code, Transfer Charges, SWIFT Code & Rates
Commercial bank · Polaris · 35 Lagos branches · ₦5M NDIC coverage
Budget bank. Small minimum balance. Good for basic savings account.
Na Skye Bank turn am. 350+ branch. VULTe digital platform.
Polaris Bank na Commercial bank (CBN license, NDIC dey insure am) wey dem start for 2018 (8 years ago), and na Strategic Capital Investment dey operate am. For 2026 e dey serve about 6M+ customers through 350 branch nationwide.
- Dem start am
- 2018 · 8 years dey serve Nigerians
- Owner company
- Strategic Capital Investment
- Customer base
- 6M+
- Branch for Nigeria
- 350
- Bank type
- Commercial bank (CBN license, NDIC dey insure am)
- Website
- polarisbanklimited.com
- Address
- 3 Akin Adesola Street, Victoria Island, Lagos, Lagos
If you dey do 20 transfer, 4 other-bank ATM visit, and 30 SMS alert every month:
₦1,440 more than Kuda (₦2,400/yr). That na 0 bags of rice.
Compare with all 23 bank →Time to open: 15 minute · Online through app
- Bank Verification Number (BVN)Compulsory for all Nigerian bank account. Get one for any bank branch free.
- Valid IDNational ID (NIN), International Passport, Voter Card, or Driver Licence.
- Passport photographRecent passport-size photo. The mobile app fit accept live selfie instead.
- Utility billAddress verification. Electricity bill, water bill, or tenancy agreement (last 3 months).
- Minimum opening balance₦0 for savings account. ₦5,000-₦10,000 for current account.
Polaris come out from CBN 2018 resolution of Skye Bank — one of the few bridge-bank rebuild for Nigerian banking history.
Consolidated retail banking app wey dem roll out after restructuring. Focus on core transaction and USSD parity.
After restructuring, focus on SME banking as growth lever — dedicated SME account with reduced maintenance fee.
AMCON sell Polaris to Strategic Capital Investment for 2022. Product and structure change still dey happen.