Looking for the updated Polaris Bank salary structure and allowance in Nigeria? You’re in the right place. As Polaris Bank continues to grow aggressively in retail, SME, and digital banking, it has attracted readers fresh graduates, seasoned bankers, and finance professionals wanting to know its pay scales, perks, and career progression.

Whether you're starting as a teller, aiming for a relationship officer role, climbing to branch manager, or eyeing executive leadership, this guide gives you everything monthly salary breakdowns, allowances, bonuses, career path, real cost‑of‑living comparisons, and negotiation tips.

Who Is Polaris Bank?

Polaris Bank is a leading Nigerian commercial bank born from legacy consolidation in the banking crisis years. It now serves diverse customers—with retail, SME, and corporate offerings and focuses heavily on digital transformation. In 2025, the bank is noted for its professionalism, strong customer culture, and investments in employee welfare. That makes its salary structure worth knowing.

Quick Salary Overview (2025)

Here’s a snapshot of the Polaris Bank salary structure and allowance by staff level:

Role / Level Base Salary (₦) Est. Take‑Home (₦)
Teller / Customer Service Officer 120,000 – 150,000 140,000 – 180,000
Relationship / Credit Officer 180,000 – 260,000 210,000 – 320,000
Branch Supervisor / Team Lead 260,000 – 400,000 300,000 – 500,000
Branch Manager 500,000 – 800,000 600,000 – 1,000,000
Area / Zonal Manager 800,000 – 1,200,000 900,000 – 1,500,000
Department Head / Specialist 1,200,000 – 1,800,000 1,400,000 – 2,500,000
Executive (C‑Suite) 2,500,000 – 5,500,000 3,000,000 – 8,000,000+

Allowances, bonuses, and incentives are factored into take-home pay.

1. Teller / Customer Service Officer Salary

Role Details

These frontline staff perform cash transactions, account openings, and handle routine customer requests. They are Polaris Bank’s face to its clients.

Base Pay & Allowances

  • Base Salary: ₦120,000 – ₦150,000 monthly

  • Transport Stipend: ₦15,000 – ₦30,000

  • Feeding Subsidy: ₦10,000 – ₦20,000

  • Airtime/Data Support: ₦4,000 – ₦8,000

  • Health Insurance (HMO): Bank-provided

  • Pension Contributions

Monthly Take-Home

Typical monthly income ranges between ₦140,000 and ₦180,000.

Daily life involves early shifts, friendly customer service, and working within tight compliance rules.

2. Relationship / Credit Officer Salary

Role Overview

These mid-level staff build relationships, process loans, manage credit portfolios, and meet sales targets.

Pay & Perks

  • Base: ₦180,000 – ₦260,000 monthly

  • Transport Allowance: ₦40,000 – ₦80,000

  • Hospitality / Feeding: ₦20,000 – ₦50,000

  • Airtime/Data: ₦5,000 – ₦10,000

  • Target Bonuses: ₦10,000 – ₦100,000

Total Compensation

Monthly take-home can vary from ₦210,000 to ₦320,000, depending on performance.

3. Branch Supervisor / Team Lead Salary

Role Snapshot

They support branch operations, train staff, oversee workflows, and fill in for the manager when needed.

Compensation

  • Base Salary: ₦260,000 – ₦400,000

  • Transport Subsidy: ₦70,000 – ₦120,000

  • Utility / Housing Support: ₦20,000 – ₦60,000

  • Client Hospitality: ₦20,000 – ₦60,000

  • Performance Bonus: ₦50,000 – ₦200,000

Take-Home Pay

Total income ranges from ₦300,000 to ₦500,000 monthly.


4. Branch Manager Salary

Role Importance

Branch Managers drive profitability, business growth, compliance, and manage branch teams and relationships with local stakeholders.

Salary & Perks

  • Base Salary: ₦500,000 – ₦800,000

  • Official Car / Allowance: ₦120,000 – ₦300,000

  • Housing & Utility Stipend: ₦80,000 – ₦200,000

  • Hospitality Budget: ₦50,000 – ₦150,000

  • Performance Bonus: ₦150,000 – ₦500,000+

  • Branch Project Support

Take-Home Income

Monthly take-home can be ₦600,000 to ₦1,000,000, sometimes more for top branches.


5. Area / Zonal Manager Salary

Role Overview

They supervise several branches, set targets, ensure compliance, and represent bank leadership.

Salary Details

  • Base: ₦800,000 – ₦1,200,000

  • Mobility Allowance / Vehicle Use: ₦200,000 – ₦400,000

  • Housing / Relocation Stipend: ₦150,000 – ₦350,000

  • Zone-Level Incentives: ₦200,000 – ₦700,000 yearly

  • Leadership Training & Accommodation Budget

Total Compensation

Can reach ₦900,000 to ₦1,500,000 monthly.


6. Department Head / Specialist Salary

Role Description

Heads of departments (HR, Finance, Risk, Tech, Marketing) lead experts and shape strategy.

Pay & Benefits

  • Base Salary: ₦1,200,000 – ₦1,800,000

  • Executive Car / Allowance: ₦250,000 – ₦500,000

  • Housing / Utility Stipend: ₦200,000 – ₦400,000

  • Annual Bonus: ₦500,000 – ₦1,500,000+

  • Project Budgets & Tools Support

Income Potential

Monthly income ranges between ₦1,400,000 – ₦2,500,000+.


7. Executive (C‑Suite) Compensation

Role Summary

Includes CEO, COO, CFO, CTO, CMO—the executive team driving corporate direction.

Package Breakdown

  • Base Salary: ₦2,500,000 – ₦5,500,000+ monthly

  • Equity & Stock Options for senior staff

  • Vehicle Allowance: ₦300,000 – ₦800,000

  • Housing / Housing Allowance: ₦400,000 – ₦1,000,000

  • Comprehensive Insurance (Family)

  • Annual Bonus: 20–50%+ of salary (₦1M+)

  • Retirement Plans, Car Perks

Total Compensation

Can exceed ₦3,000,000 – ₦8,000,000 per month.


Allowances & Benefits Summary

Allowance / Benefit Range (₦) / Description
Transport / Vehicle 15,000 – 400,000
Housing / Utility 20,000 – 400,000
Feeding / Hospitality 10,000 – 150,000
Data / Airtime 4,000 – 10,000
Official or Leased Vehicle For managers and above
Health Insurance (HMO) Comprehensive coverage
Pension & Gratuity Standard employer contributions
Performance Bonuses Monthly, Quarterly, Annual
Career Development Funds Training, workshops, certifications
Staff Loans (Car, Housing, Personal) Low-interest, accessible
Equity / Stock * Executives and select specialists

Bonuses, Promotions & Career Ladder

Bonus Structure

Polaris Bank rewards performance with:

  • Monthly or quarterly bonuses (₦20k – ₦200k)

  • 13th-month pay or end-of-year packages

  • Special awards for innovative projects

Promotion Path

Typical career progression:

  1. Teller / Customer Service Officer

  2. Relationship / Credit Officer

  3. Branch Supervisor / Team Lead

  4. Branch Manager

  5. Area / Zonal Manager

  6. Department Head / Specialist

  7. Executive Team Member

Promotion Criteria

  • KPI achievement

  • Leadership and soft skills

  • Professional certifications (CIBN, MBA etc.)

  • Customer satisfaction ratings

  • Peer and upward feedback


Cost-Of-Living Comparison

How Polaris Bank pay aligns with Lagos living costs:

Role Compensation (₦) Living Costs (₦) Lifestyle Standard
Teller / CSO 140k – 180k 90k Modest, basic comfort
Relationship Officer 210k – 320k 150k Comfortable, some saving ability
Branch Supervisor 300k – 500k 200k Very comfortable
Branch Manager 600k – 1m 300k High quality life, assets possible
Zonal Manager 900k – 1.5m 400k Luxury living with investments
Department Head 1.4m – 2.5m 500k Secure, affluent lifestyle
Executive 3m – 8m+ 700k+ Elite with significant savings

Even mid-level staff can afford decent homes and leisure; senior roles allow luxury living and investments.


Pro Tips to Maximize Polaris Bank Salary

  1. Highlight Allowance Eligibility – Ask during interviews about car/housing benefits

  2. Track Performance Metrics – Use numbers to show your value

  3. Upskill Regularly – Certifications help with promotions

  4. Build Internal Network – Visibility leads to new opportunities

  5. Focus on Customer Experience – Satisfied clients support bonuses

  6. Lead Small Projects – Demonstrate readiness for managerial roles


FAQs – Polaris Bank Salary Structure & Allowance

How much does a teller earn at Polaris Bank?
Total monthly take-home is ₦140,000 – ₦180,000 (2025).

Do relationship officers get travel allowances?
Yes, they get ₦40,000 – ₦80,000 monthly for transport.

Are branch managers well paid?
Yes. Their total monthly income ranges from ₦600,000 to ₦1,000,000+ including allowances.

Do zonal managers receive housing stipends?
Yes, they get allowances (₦150k–₦350k) plus zone-level bonuses.

Can executives earn above ₦5M?
Yes, their total compensation often surpasses ₦5 million monthly with bonuses and equity.

Final Thoughts: Polaris Bank Salary Structure & Allowance (2025)

The Polaris Bank salary structure and allowance model for 2025 is competitive, transparent, and heavily performance-driven. From stable entry-level earnings to premium executive packages, Polaris rewards its employees across all tiers.

This guide gives you insight into base salary, allowances, career progression, cost of living, and negotiation strategies. If you’re stepping into or advancing within Polaris Bank, this breakdown gives you the full picture.