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:
Teller / Customer Service Officer
Relationship / Credit Officer
Branch Supervisor / Team Lead
Branch Manager
Area / Zonal Manager
Department Head / Specialist
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
Highlight Allowance Eligibility – Ask during interviews about car/housing benefits
Track Performance Metrics – Use numbers to show your value
Upskill Regularly – Certifications help with promotions
Build Internal Network – Visibility leads to new opportunities
Focus on Customer Experience – Satisfied clients support bonuses
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.