Polaris bank, formerly known as Skye Bank is one of the oldest banks in Nigeria. It is not a surprise that more people still want in, this is why we will show you how to easily open a Polaris bank account online.
Before the advent of technology and innovation, it was really difficult for old and new customers to access the bank products and services due to the large crowd. One gets to the bank only to find a large number of people in the queue. Well, that is not the only thing to contest with, you will also have to deal with a long list of papers.
In this article, we will let you know about the challenges posed when one opens an account without proper documentation and how to open a Polaris Bank Account On Phone and online the easy ways.
BENEFITS AND FEATURES OF INSTANT ACCOUNT
- Customers can earn standard savings interest monthly.
- Zero account opening and operating balance.
- Email and SMS Alert 24/7.
- Maximum single deposit limit of N50,000 and maximum cumulative account balance of N300,000.
- Availability of debit card and access to PolarisMobile and USSD Banking (*833#).
- No Identification Required.
ISSUES WITH OPENING AN ACCOUNT WITHOUT DOCUMENTATION
When you open an account without documentation, there will be some restrictions that you will have to deal with if you are a high-income earner. Low-income earners have nothing to worry about because Polaris bank instant savings account comes with a maximum single deposit limit of N50,000 and a maximum cumulative account balance of N300,000.
When a customer receives an amount more than deposit and balance limit, the account will be placed under a temporary freeze. This freeze does not stop money from coming into your Polaris bank account. It only affects cash outflow. This can be removed by asking the bank to upgrade your account. The documents to complete the upgrade are a valid ID card, utility bill, and an upgrade form that the customer care will give to you. Also, you are to fill the form.
Another thing customers should realize that just because a bank allows you to complete your registration without BVN does not mean you will be able to access all benefits. Banks expect you to link your BVN later even when the account is successfully opened. However, you will be able to receive cash but cash outflow will be suspended until you link your BVN.
HOW TO OPEN A POLARIS BANK SAVINGS ACCOUNT VIA USSD CODE
- To open a polari bank savings account, simply dial *833# and select option 1 or Dial *833*1# from your mobile phone.
- Enter your BVN if you have already registered for BVN. If you forgot your BVN, dial *565*0# on the phone number linked to your bank verification number.
- Follow the prompts to enter your: First name, Last name, Date of Birth, Gender, and Address.
- Once registration is completed, you will receive an SMS notification immediately advising you of your new Polaris Bank Account Number and the next steps required if any.
- If you completed registration for your Polaris Bank Account without BVN, you will need to visit any bank to register. It is free anywhere.
POLARIS ONLINE ACCOUNT OPENING PORTAL
- To open a Polaris bank account online, simply visit https://accounts.polarisbanklimited.com/opening and choose your preferred account.
- Only Polaris instant save does not require documents to open an account, others will request you to complete with the necessary documents.
- Input your Bank Verification Number (BVN). You can dial *565*0# to retrieve your BVN).
- Enter all personal details as requested by the system.
- Upload relevant documents and click “Submit”.
- Once registration is completed, Polaris bank account number will be generated and sent to you via SMS and email.
OPEN ACCOUNT VIA POLARIS BANK MOBILE APP
Another way to open a Polaris bank account is by downloading the Polaris mobile app from the store. Launch Polaris Banking Mobile App and click “Open account” to register your profile.
You will also need your BVN and other personal details. Upon successful registration, you will receive your Polaris Bank Account Number.
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