Bank Verification Number (BVN) is an initiative of the Central Bank of Nigeria to give customers a unique number that can be verified across the Nigerian banking industry. BVN helps to protect every bank customers information by assigning to their account a unique identification number. The Bank verification number uses bio-metrics.
Which means, the BVN is unique to every individual with respect to their physiological or behavioral attribute with the use of fingerprint or thumbprint or electronic signature etc. This helps to strengthen any banking security system so as to protect individual account from fraudsters or against any fraudulent act from infringed third party.
Disclaimer: What you find here about the Bank
verification number is just for informational purpose. We (MMO.NG and writers)
don’t conduct BVN registrations or enrollment)
How to Enroll for the bank verification number in
Nigeria.
1. Go to any of your Bank’s branch
2. Ask for the BVN enrollment form, fill and submit
the form
3. Present yourself for data capture such as
fingerprint, photograph etc
4. An acknowledgement slip with ticket ID will be
given to you after the enrollment
After enrollment, within 24 hours the system
confirms your application, your BVN is generated, and you receive an SMS for
pickup. With this, you are sure that your bank account is now more protected
from fraudulent activities.
Please note, before you go to your bank, you will
need to go with the following documents;
– Acceptable means of identification e.g Official
Passport.
– Customers of banks shall be required to enroll
within a fixed period after which they
– A your ten (10) fingers and facial image.
– Your customer information will be updated. So you
need to remember the information on your account.
– Banks shall be prompted during account opening and
credit check if a customer has been blacklisted by ANY Nigerian Bank.
How to Enroll for the bank verification number
outside Nigeria.
UPDATE: Please note that the deadline for BVN
enrollment abroad is January 31, 2016. If you need more information about the
process to enroll for BVN abroad (outside), please contact your bank’s customer
service center. You can also have an idea of the locations abroad as listed
here.
To enroll for the BVN abroad, you are meant to log
on to oisservices.com/bvn/ to book and confirm an appointment and visit any of
the above locations with the following:
– A valid means of identification e.g. Current
International Passport, Driver’s License/National ID Card.
– Account Name and Account Number
– One recent passport photograph
– Enrolment fee (varies based on location).
For further enquiries, please reach your bank’s
customer service.
The benefits of bank verification number
The benefits of bank verification number
- BVN gives a unique identity that is linked to every of your account in ALL Nigerian Banks and can be verified across the Nigerian Banking Industry (not peculiar to one Bank)
- Customers Bank Accounts are protected from unauthorized access
- It will address issues of identity theft, thus reduce exposure to fraud
- The BVN will enhance the Banking Industry chances of being able to fish out blacklisted customers
- Reduce queue in Banking Halls
- Standardized efficiency of Banking operations
- The Customers unique BVN is accepted as a means of identification across ALL Nigerian Banks
- The BVN and unique features of an individual shall be used in conjunction with a PIN on a point of transaction.
This exercise is mandatory for all individual
customers and must be completed before October 31, 2015. If you don’t get your
BVN by this date, you will no longer be able to operate your Bank accounts. For
more information, kindly visit www.bvn.com.ng
This exercise is mandatory for all individual
customers and must be completed before October 31, 2015. If you don’t get your
BVN by this date, you will no longer be able to operate your Bank accounts. For
more information, kindly visit www.bvn.com.ng
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