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Is Polaris bank a good bank?
Read all about Polaris bank.
Polaris bank is a commercial bank in Nigeria that is fully regulated by the central bank of Nigeria. It was founded on the 24th of September 2018.
Polaris has over 350 branches across Nigeria and its headquarters is located at 3 Akin Adesola street, Victoria Island, Lagos.
It maintains subsidiaries in sierra Leone, the Gambia, the republic of Guinea, Liberia, Angola & Equitorial Guinea.
As a bank that is only technically three years old, a lot of potential customers might want to know if it is a good bank to trust with their money.
In this post, I am going to be answering the question “Is Polaris bank a good bank?” and more. Remember to leave us a comment after you finish reading and also share with your friends on social media.
Let’s get into it then…
Polaris bank history
Polaris bank was founded three years ago on the 24th of September 2018. The bank took over the assets of Skye bank, which in itself was initially made up of Bond bank limited, EIB international bank PLC, Reliance bank limited and Co-operative bank PLC.
There were rumors in 2022 that Polaris bank was going to be sold, a rumor which the bank has since come out to deny.
Is Polaris bank a good bank?
Before answering this question, I am going to be telling you what makes a good bank. The following are the things that make a good bank:
- Easy access to your money
- Availability of good online banking & mobile banking technology
- Good customer care
- Good interest on your savings with the bank
- Reasonable fees & charges
While there is no single bank that doesn’t have its faults, it should be to a minimal extent, in which customers can always access their money easily.
Easy access to your money
Polaris bank has made it that it is easy for you to access your money, there is no delay in fulfilling withdrawal, transfer requests, except on rare occasions when there is a problem with the network, which happens with all banks.
Once you register for an account and provide all the required documents, you should easily be able to access your money at any time.
Polaris bank is a very trustworthy bank and it is regulated by the central bank of Nigeria. Which is responsible for regulating all banks in the country.
You should have no fear using this bank, as it is very much trusted. It has over 350 branches in Nigeria and has subsidiaries in countries like sierra Leone, the Gambia, the republic of Guinea, Liberia, Angola & Equitorial Guinea.
Availability of good online banking & mobile banking technology
Polaris bank has the VuLTe app which is available on Google playstore, iOS app store and allows you to carry out transactions like money transfer, buying airtime, paying bills and many more.
The app is functional and has received a lot of good reviews from its users, which you can view on your various app stores.
Good customer care
One of the most important aspects of a good bank is how responsive is its customer care in resolving issues that the customers may have.
Polaris bank has a pretty responsive customer support and they will help regarding any issue that you might be having
0806 988 0000
01 448 2100
01 270 5850
Good interest on your savings with the bank
Polaris bank has different types of savings account that allow you to reach your different financial goals. The following are some of the available Polaris bank account types:
- Polaris save plus
- Polaris wire
- Polaris young achievers
- Polaris instant savings
- Polaris pearl
- Polaris internet savings plus
- Polaris save
- Polaris rainbow
Reasonable fees & charges
Polaris bank is well regulated by the central bank of Nigeria. This means that all its fees & charges are pretty much standard and very similar to what other banks in Nigeria will charge you. Transfer charges, stamp duty charge, SMS charges, card maintenance fees.
With the above, you can obviously see that Polaris bank is a good bank to bank with, and although, there may be banks which are better due to the fact that they have been around for longer, you cannot really make a bad decision by choosing Polaris bank.
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