In Nigeria, almost every individual has a bank account as everyone needs a place to secure their money. This article will be talking about Polaris bank transfer code and you can as well find the code to send money for other Nigerian banks on this blog.
Banks have advanced in the technologies they use and how they operate all with the aim of providing better services for their customers. Among the improvements in the banking system is the use of a mobile banking code which almost every commercial bank in Nigeria makes use of.
Polaris bank account holders can transfer money from bank to bank using the bank’s mobile transfer code which can also be used to perform other banking operations as well. You’ll be finding out how to go about all these in this article.
Polaris Bank Transfer Code
The code to send money from polaris bank is *833*Transfer Amount*Receiver’s Nuban Account Number# and follow the onscreen prompts to complete the transfer. Quite simple and easy one to remember.
However, if you are using this code for the first time, you need to follow the procedure below.
1.) Dial *833# from the phone number connected with your bank account – it works with all major mobile networks in Nigeria.
2.) Reply with “3” for Transfers. This is where you have to register for PolarisMobile so you can be able to use this service. If you are already on PolarisMobile, this step will be skipped, otherwise you will be asked to provide your account number.
3.) Enter your correct bank account number in the space provided and send. You cannot continue with the next step if your bank account is not correct.
4.) Choose a 4 digit number which will be your PolarisMobile pin. Your Pin should be in your memory as you would require it for not just money transfer, but also other bank operations you would be using this code for.
5.) With that done, you can continue with your money transfer with the next step.
6.) Select the account where the money will be debited from, if savings, current or otherwise. Just like when using the ATM. It is quite important especially for those with multiple Polaris Bank account.
7.) Select the Bank of the recipient i.e where you want to send the money. You can transfer to both Polaris Bank accounts and other bank accounts.
8.) Enter the receiver’s account number – make sure you type it in correctly to avoid any mistakes or error in the transfer.
9.) Confirm the details you provided, if the account name corresponds with the receiver’s account number.
10.) Enter the 4 digits pin you created earlier and send.
After that, your transaction will be processed, if every detail is correct, your account will be debited with the transfer amount and you will receive an SMS as confirmation.
Introduction to Polaris Money Transfer
Polaris bank account holders, especially those who were banking with Skye Bank before the acquisition should be aware of the Polaris Bank mobile transfer code because it was the same being used during the Skye Bank Era.
The mobile transfer code is a simple 3 digits code just as most banks. You can make use of this code to transfer money and perform other bank operations without the need of internet or web, you do not even need to make use of a smart phone because it is a USSD code.
If you make use of a smartphone, when you dial a code to check your airtime balance or data balance on most models, displayed on your screen will be “USSD Code Running”.
That is a simple example of what a USSD code is. USSD (Unstructured Supplementary Service Data) code are simple codes that are used to are used to communicate with a particular service through your mobile network provider all you need is just a GSM telephone.
Polaris Transfer Code Daily Limit
The fixed maximum amount you can transfer using the Polaris Bank Mobile Transfer Code is N50,000.00 (Fifty Thousand Naira Only). This amount is relatively small as people engage in business transactions where they transfer thousands of Naira daily. Therefore, it is possible for you to increase your transfer limit and you have to visit the customer care section of your bank branch for that.
Polaris Transfer Charges
As you make use of the Polaris mobile transfer code, you are charged between 2 to 5 Naira from your airtime balance on every successful transfer to Polaris Bank accounts. Transfers involving other bank accounts attracts a service charge of N52.50 for each transfer and it is charged from your bank account balance this time.
Brief History of Polaris Bank
The name Polaris Bank may sound a bit new to some people, making it seem like a new bank in Nigeria, yes the name is new but the bank itself is not.
Before the year 2018, Nigerians were conversant with the bank “Skye Bank” and it happened to be one of the top banks around that time. Before the end of 2018, Skye Bank was no more, What happened? On the 21st of September 2018 which was a Friday, the renowned Skye Bank was acquired along with its assets and liabilities and the name was changed to Polaris Bank.
Skye Bank was actually acquired by the apex bank (Central Bank of Nigeria) and a bridge bank “Polaris Bank Limited” was established with Mr. Muhammad K. Ahmad, OON appointed as the bank’s board chairman but the present Managing Director of the Bank, Mr. Adetokunbo M. Abiru maintained his position.
By this effect, every Skye Bank location in Nigeria was changed to Polaris Bank and the blue and white sign post was changed to purple and gold. Well, this news is quite known as it was the talk of the moment as at that time. Now that you know how the Polaris Bank was founded, let’s get to knowing the mobile transfer code for Polaris Bank.
Other Functions of Polaris Bank Code
There are of course other bank operations you can carry out using the Polaris Bank *833# Mobile USSD code. Once you dial the code, you will find a list of available services, all you have to do is to reply with the related number and follow the onscreen prompts. Other available services include.
- Open a Polaris Bank account: *833*1#
- To Pay Bills such as DSTV subscriptions: *833*2#
- Block your ATM card in cases where you lost your ATM card or it got stolen and in order for someone else not to access it dial *833*4#
- Check your Polaris Bank Account Balance: *833*5#
- Pay with MasterPass: *833*6#
- Airtime Top-Up: *833*Airtime Amount#
- To Buy Airtime for Others: *833*Airtime Amount*Phone Number#. You can purchase a maximum of airtime worth N5,000.00 (Five Thousand Naira Only) daily and N20,000.00 (Twenty Thousand Naira Only) monthly.
With the polaris bank ussd code, banking has been made a lot more easier for Polaris Bank account holders, if not for anything, it saves you the time and stress that is usually associated with visiting a bank and standing on a que. Another plus is that it is secure with your 4 digits pin so no one can just pick up your phone and access your account. If you happen to forget your pin, you can reset it by visiting your bank branch or contacting Polaris Bank Limited through Email via firstname.lastname@example.org or through phone via 0700-75932265, 0806-988-0000, 01-4482-100, 01-270-5850.