The Polaris Rainbow account is an account for children within the age of 0- 12. The account is for you to teach your children how to save from an early stage. When you open the account for your child, you will be the trustee of the account until your child is up to 18 years and can now manage the account.
So in this article, I will tell you how you can open a Polaris Bank account (Rainbow Account) for your child. So just keep reading on.
Before you can open the Polaris Bank Rainbow account for your child, you need to have atleast N1000 in your account.
Benefits Of Opening A Rainbow Account.
The following are some of the benefits of opening a Rainbow account for your child.
- You are given a debit card when you open the rainbow account.
- When you open the account, you can earn savings interest every month.
- Cheques, up to 2 million can be put into the account.
- When the child reaches 13 years, he/ she will be automatically moved to Polaris Young Achievers account.
Documents Needed To Open A Rainbow Account.
The following are the documents needed to open a Rainbow account for your child.
- An ID will be needed as a means of identification.
- BVN will be required.
- Passport.
- A birth certificate (or international passport, notification of birth) will be needed as a proof of child’s age.
- Utility bill will also be needed.
How To Open A Polaris Rainbow Account.
To open a Polaris Bank Rainbow account, follow these easy steps.
- Visit the Polaris Bank website,
- Click on Open An Account.
- Select Polaris Rainbow Account and Apply Now.
- The first section (declaration), after going through it, click next.
- Fill in your BVN in the second section. then next.
- Then at the third section, fill the required in formation and finish.
Please note that after opening the account, you have to visit the bank to summit some important documents so the account can fully receive some amounts of money.
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Polaris Bank USSD Code To Recharge.
Polaris Bank USSD Code To Transfer.
Polaris Bank USSD Code To Change Your Account Pin And Check Your Account Balance.
Hope this article has been helpful, you can drop a question or contribution in the comment section below.
