So many Nigerian bank customers are faced with the challenges of knowing their bank verification number (BVN). if you are interested in knowing the Codes To Check your BVN for Different Nigerian Banks, then this article is just what you need to enlighten you more.
What is the meaning of Bvn?
The Bank Verification Number (BVN) is an 11-digit Identity code that Identifies you in all Nigerian commercial banks. The initiative was launched on the 14th of February, 2014 to serve as a centralized biometric identification system. The BVN expires after an interval of 10 years. This means that after 10 years the customer has to return to his/her bank to re-enroll.
Importance and Advantages of Bvn in Nigeria
Most people in Nigeria want a safe place to keep their money and also want better means of reducing the chances of unauthorized access to their bank accounts. bank verification is also used to establish a standard consisting of regulations for transactions and activities in the Nigerian banking sector
Your BVN is known as your unique means of identification across all Nigerian banks. This would help in your transfer of funds and transactions across banks. The BVN also protects the Banks in finding out blacklisted customers, defaulters, who changed banks thinking Banks will not know their other Bank histories will be restricted and curtailed since all banks have a centralized record and keep track records of every customer.
HOW TO GET YOUR BANK VERIFICATION NUMBER
if you haven’t gotten your BVN, follow the simple steps below:
- Walk into a bank branch closest to you, preferably one in which you already own an account or wish to open with)
- Collect, Fill and submit the BVN Enrolment form. (Some banks have the form on their website available for download)
- Present yourself for data capturing (such as Fingerprint, facial Image, etc)
- An acknowledgment slip with the transaction will be issued to you
- Within 24 hours the system confirms your application, your BVN is generated, and you receive an SMS or E-mail for pickup.
NOTE: your bank verification number cannot be issued online so beware of fraud
REQUIREMENTS FOR OBTAINING BVN AT THE BANK
You are to come along with your Valid ID: Nigerian International Passport, Nigerian National ID Card, or Nigerian Driver’s License (any valid means of identification)
CHALLENGES YOU WILL ENCOUNTER WITHOUT HAVING YOUR BVN
Without your BVN you are likely to be faced with the following difficulties:
- Delayed transactions on your account because you are still to update your bank account with your Bank Verification Number(BVN).
- you cannot transfer funds or carry out particular online transactions using your bank account.
CODES TO CHECK BVN FOR DIFFERENT NIGERIAN BANKS
By following these steps and instructions on your mobile phone, your Bank Verification number will pop up on your screen. See how:
- Dial the USSD code *556*0#on your phone (You have to use the number you initially registered your BVN with)
- Wait for a few seconds for the NIBSS to respond with your 11-digits BVN
- A charge of twenty nairas only #20.00 is attached to this process.
The*556*0# code is generally used for all the network providers in Nigeria. This code was first originated by the MTN service provider but now includes all other network service providers in the country.
HOW TO CHECK BVN NUMBER ONLINE
You can check your bank verification number as well as link your BVN to a specific bank account through the internet banking service. This requires an internet or mobile data connection. To inquire about your BVN number online, you will have to log into your Internet banking app. Some also banks also have their own USSD code for you to check your BVN in a punch.
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