Categories: News

How to Open a Domiciliary Account with Polaris Bank Online

How to Open a Domiciliary Account with Polaris Bank Online-This is a total guide on how to open a domiciliary account online with Polaris Bank and then know the features attached to it.

Polaris bank of Nigeria allows its customers to send and receive money from other currencies with your domiciliary account, this article will guide you on how to open an account with Polaris bank to enable you to partake in the benefit of having a domiciliary account.

Meaning of Domiciliary Account or Dollar Account

A dollar account officially known as a domiciliary account is a bank account you open in Nigeria (Africa) that enables you to receive and withdraw foreign currencies. With a dollar account in Nigeria banks today you can receive money from different currencies from abroad but is not operated in Nigeria (Africa) currency, with this account you can operate with the three global currencies and you can receive money from either United States dollars, or British Pounds, or Euros.

How many types of Domiciliary Accounts do we have?

  • Domiciliary Savings account, and
  • Domiciliary Current account.

Features of Domiciliary Account In Polaris Bank

  • Minimum opening balance of $100, £50, €50
  • Minimum operating balance of $10, £5, €5
  • Competitive interest on savings
  • Issuance of MasterCard Gold USD Debit Card
  • Issuance of foreign currency draft on the account
  • Lodgement of foreign currency cheques and dividend warrant
  • Direct International funds transfer (Inflow & Outflow)
  • Access to e-channel platforms

Requirement for Opening a Domiciliary Account with Polaris Bank

  • Account Opening Form
  • 1 passport photographs
  • Bank Verification Number (BVN)
  • Valid means of identification (Int’l passport, Driver’s license, National ID, Voter’s card)
  • Proof of Address (PHCN, Water bill, Waste disposal bill, tenement, etc.)
  • Premises Verification Report
  • Visit the Polaris bank website
  • Scroll down to ‘Account Opening Form’, and click on it.
  • Three forms will be displayed, that is ‘Account Opening Form, Signature Form, and Reference Form’. Click on each of them, they will be downloaded automatically to your phone or PC.
  • Ensure to fill out all the forms you have downloaded.
  • Once you have filled them out, email the forms to yescenter@polarisbanklimited.com

See also-How to open an online Domiciliary Account in Fidelity bank

Spark Gist

Recent Posts

FIRS opens Recruitment Portal 2024 again – Apply Now

The Federal Inland Revenue Service (FIRS) as part of its consolidation strategies, is seeking to recruit experienced professionals to fill…

1 day ago

FIRS Massive Recruitment 2024/2025 Exercise

This is to inform the general public that FIRS is currently recruiting for vacancy positions. Interested person can apply now…

1 day ago

University of Africa  Toru-Orua Recruitment 2024/2025 – uat.edu.ng/recruit

University of Africa, Toru-Orua Recruitment 2024/2025 - Recruitment for Academic and Non-Academic Staff Positions at the University of Africa, Toru-Orua.…

1 month ago

Arise Youth Employment Portal 2024 – Apply for Akwa Ibom State Government Recruitment

Akwa Ibom State Government Recruitment for Arise Youth Application Form Portal 2024 – Akwa Ibom State this is to inform…

2 months ago

careers.firs.gov.ng Recruitment Portal 2024/2025 is open – Apply now

FIRS Recruitment Application Form 2024/2025 Open - This is to inform the general public that the Federal Inland Revenue Service…

2 months ago

Federal Inland Revenue Service Recruitment 2024 | firs.gov.ng/careers

Federal Inland Revenue Service Recruitment Portal 2024 is open. This page contains step by step guide on how to apply…

2 months ago