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Betting Sites That Accept Polaris – How to Fund Your Betting Account with Polaris (2024 Update)

Polaris is one of the most recognised banks in Nigeria, with various branches all across the country offering electronic transactions to its customer. These transactions provide collaborations between the bank's users and corporations, like sports betting organisations. Hence, you can fund your sports betting account using Polaris Bank as a payment option.

Customers using Polaris Bank for electronic transactions are assured of excellent customer service. The bank also represents a multitude of sports bettors who trust Polaris with their earnings and deposits, and as a Nigerian punter, you are guaranteed a seamless banking experience. 

In this guide, we will outline the best betting sites in Nigeria that accept Polaris, featuring Bet9ja and MELBet, as well as the pros and cons of using this payment method and other alternative options for Nigerian punters.

Best Betting Sites with Polaris


Top Polaris Betting Sites in Nigeria

  • Nigeria's most popular betting site
  • Huge amount of sports available
  • Also includes casino and virtuals
  • 24/7 customer service
  • Several promotions
  • Great mobile app


Step-by-Step Guide on How to Fund Your Betting Account with Polaris

To fund your betting account using Polaris, you need to first create and deposit funds to your Polaris Bank account. 


How to Sign Up for a Polaris Account

Opening and registering for a Polaris account is an easy and straightforward process, and you don’t even have to visit the physical bank to create your account as this can be done online.

To open a bank account with Polaris, you will need:

  1. Your Bank Verification Number (BVN)
  2. A valid email address
  3. Your phone number
  4. A recent passport photograph
  5. A scanned picture of your signature
  6. Some personal information

Note that this process applies to those who do not have an existing Polaris bank account, unless you have chosen to open a new one for this purpose.

Next, you'll need to follow these instructions:

Step 1: Open your browser and enter the following address:

Step 2: Select the account type of your choice. For withdrawal and deposits to and from your betting account, it is advised that you choose the Polaris flex account. Offers under the Polaris flex account include: the issuance of a debit card, the option of opening and leaving a zero balance, no monthly maintenance fee, standard bank rates for saving and borrowing, and the part you’ll find most useful as a punter: accessibility to electronic transactions and mobile banking.

Step 3: Click Apply Now and an account-opening pop-up page will appear.

Step 4: Follow the steps outlined on the page starting with Step one, which is a declaration and attestation to the fact that you would like to open an account with the Bank. Click Next to agree with this declaration and wait for the next page to open.

Step 5: You will then be required to enter your valid Bank Verification Number, which is a unique pin that you will be required to provide for any vital transaction, electronic or otherwise.

Step 6: The next thing to do, once you submit your BVN, is to fill in some additional information, after which you then click SUBMIT.

Step 7: Wait for a confirmation email from the bank that will give you your new account number.

After obtaining your account number, deposit your funds and link your account to your preferred betting site that accepts Polaris.


How to Deposit into your Bet9ja Account using Polaris Bank

Depositing into your Bet9ja using Polaris is very simple. Simply follow the steps outlined below:

Step 1: Request a deposit slip from any Polaris bank branch near you.

Step 2: To deposit into your Bet9ja wallet, you will need to use a cheque or a fund transfer form as quasi-money, as you won't be able to deposit cash. You will be required to enter some information onto the deposit slip which you have been given, including:

  1. The account name – here you fill the name as ‘Bet9ja’
  2. Account number – enter your Bet9ja personal user identification code which was provided after you signed up on the website.
  3. Depositor’s name
  4. Amount you wish to deposit
  5. Cheque number – If you are paying via cheque, you need to enter the number on the bill that you are using to process the transaction. Otherwise, you may skip this step.

Step 3: Your fund's transfer form or your cheque must be appropriately filled and must reflect Bet9ja as its beneficiary.

Step 4: Hand over these two forms (the deposit slip and cheque/funds transfer form) to the cashier. Ask that the payment action should be made to Bet9ja as the beneficiary of this transaction using Polaris Collect.

Step 5: At the end of the transaction, you should be given a receipt or some other evidence of a successful transaction. Make sure that you keep this receipt for future use or reference.

Once the transaction is completed successfully, the equivalent amount you deposited in the bank will show in your betting account balance, and you can then proceed to place your bets.


How to Deposit into your MELBet Account Using Polaris

Topping up your MELBet betting account via the Polaris Bank internet banking option is easy, and can be completed in just 5 steps:

Step 1: Log in to your MELBet account or sign up if you are a first-time visitor.

Step 2: Click on the ‘Information tab’ and then click on ‘Payments’ from the drop-down options.

Step 3: You will then be directed to a list of payment methods available for you to use. Select ‘Polaris Bank from under the ‘Internet banking’ options.

Step 4: Enter the amount you wish to deposit into your betting account (the minimum sum is 250 naira), and enter your email address to continue.

Step 5: Next, choose your banking service provider, enter your card details, and submit an OTP (one-time password) that is sent to your phone to authorise the transaction.


Pros and Cons of Funding a Bet Account Via Polaris

If you are considering using Polaris bank as your preferred payment option, it is important to highlight the associated advantages and disadvantages of this banking option.



  1. Easy-to-use and a fast, secure and customer-friendly banking platform
  2. Excellent customer care support team
  3. Zero balance option: You have the option of opening an account with absolutely nothing at all, and withdrawing all your savings from the bank account
  4. Mobile app and e-banking options available



  1. Only limited betting sites accept this payment option
  2. Other problems associated with this payment method include internal glitches, transaction errors, and network connection problems.


Differences between Polaris Agents (SurePadi) and the Polaris Bank Application

Polaris bank offers retail banking services that are present in areas where conventional banking services are unavailable. This banking option, known as SurePadi, is available through retail bank agents, also known as monie agents.

Here are the main differences between the services offered by SurePadi agents and the Polaris Bank app:

  1. The Polaris mobile application is a software program used for electronic transactions and can be operated using your mobile phone. SurePadi, on the other hand, is a retail banking enterprise run by a person who is known as a monie agent.
  2. Before using the mobile application, you must have opened an account with Polaris, as this is where your transactions will come from. You do not have to open an account with Polaris Bank to use SurePadi – you can just walk into any SurePadi outlet around and conduct your transaction, although extra charges might apply.
  3. To withdraw cash using the mobile application, you would have to transfer funds into your Polaris Bank account and withdraw over the counter or at the ATM. However, you can withdraw and deposit using SurePadi by visiting an agent near your location.


Popular Alternatives to Polaris Payment System

Since there are only two betting sites in Nigeria – MELBet and Bet9ja – that accept Polaris, you can always opt for alternative payment options outlined below.



Interswitch is an Africa-based company that focuses on electronic payments and digital commerce solutions, as well as facilitating the electronic circulation of money. Interswitch betting sites in Nigeria provide users with several payment options such as Verve, Webpay, and Quickteller. Bettors can also make secure deposits into their bet accounts via the Interswitch platform.



Quickteller is another payment provider with which you can fund your sportsbooks accounts in Nigeria. It is available on the majority of Nigerian betting sites, which makes it a quite reliable alternative. You can deposit cash in your betting account via the Quickteller mobile app, and the transaction is instant. However, you will be charged a transaction fee when funding your bet account with Quickteller.



Firstmonie is a payment platform that comes from the Stables of First Bank of Nigeria. Several betting sites in Nigeria, including Bet9ja, NaijaBet, and Betfarm, accept this payment option. Users can also deposit and withdraw using Firstmonie.



This is another popular and trustworthy e-transaction platform in Nigeria. Opay is trusted by popular betting sites like Bet9ja, Betway, and Nairabet, just to mention a few. Opay also provides bonuses to first and regular promotions to its regular customers, and you don’t incur any charges when you use their system to fund your betting account. 



PayPal is, arguably, the most popular e-wallet service provider out there, offering quick and safe online financial transactions of all kinds. Due to the security of its business transactions, PayPal has grown to become a quite a big name in the betting industry in recent years. Users can link their PayPal and betting accounts to make cash deposits and withdraw earnings. Although this payment option comes with several restrictions for Nigerian players, there are several reliable PayPal betting sites.



Neteller is another popular e-transaction platform that can be used to send and receive money between corporate entities and their clients. Neteller allows the transfer of funds to and from the user's bank account. Some of the betting sites that accept Neteller include: 1xBet, NetBet and bet365.



Skrill is a popular e-commerce platform that enables users to make payments and cash transfers via the internet. Bookies that accept Skrill in Nigeria include 1XBet, Ladbrokes and bet365. With a Nigerian Skrill e-wallet, you can make secure deposits into your betting account, as well as receive instant payments. Even better is the fact that these deposits are free, with no additional charges incurred.


USSD Codes

Unstructured Service data codes are used as quick access tools to carry out transactions; the beauty of this arrangement is that you do not need an internet connection to conduct transactions when using these codes. Each code is unique to a particular bank; for instance, the unique USSD code for Polaris Bank is *833#, and with this, you can fund your betting account instantly using your mobile device.



How secure are my funds with Polaris?

Polaris Bank offers very secure transactions to its customers. The regulatory body, NDIC, also ensures that your funds are protected.

What are the minimum and maximum deposit limits when using Polaris?

The limits vary depending on the bookies. For instance, the minimum deposit for Bet9ja is 100 while the maximum deposit is 500,000. On the other hand, there is no maximum limit on the amount you can deposit when using MELbet, but the minimum is set at ₦250.

Can I withdraw funds from my betting account using Polaris?

Polaris banks provide various options for withdrawing from your Bet9ja and MELbet account. You can withdraw from your bookie’s wallet into your account, from which you can withdraw from over the counter or using your ATM.

Will I still qualify for a welcome bonus when using Polaris?

Absolutely! Banks are among the acceptable secure payment agents, and you will still qualify for the welcome bonus when you make your first deposit using Polaris.


Why You Should Consider Using Betting Sites With Polaris

Using a secure and reliable payment option gives you peace of mind since you are guaranteed to receive all your withdrawals. With Polaris betting sites such as Bet9ja and MELbet, you are assured of a payment option that is highly secure and easy to use. You can create your Polaris Bank account online, and linking it to your betting site is simple to do. Since banks are among the most secure payment agents, you will still qualify for welcome bonuses when you make your first deposit to Polaris betting sites.

Hey! Peris here, an ardent content writer and sports fanatic. I have over three years of experience in sports writing, iGaming and esports. If not creating content, you will find me playing FIFA, Xbox, or Nintendo Switch games.



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