Bank Verification Number other wise called BVN is an initiative of CBN (Central Bank Of Nigeria). Meanwhile, BVN became necessary as the conventional pin or code system failed to protect bank customer from fraudsters. Nevertheless after the issuance we discovered that many have forgotten or lost there BVN.
Moreover, the CBN deemed it fit because of the increase in giving private and personal information for banking purposes. It was now a duty of all banks to issue BVN to their customers.
However, the BVN issued is unique for every customer across all the banks. And any bank customer who failed to get this code will not be able carry out transactions again in any bank at all. So, for those that have lost theirs will give the simplest means of retrieval and save you the stress of going to the banks.
Notwithstanding, the fact that BVN is compulsory is not just the reason you should get yours. There are other reasons which I will reveal to you now.
UNIQUE BENEFIT OF BANK VERIFICATION NUMBER – BVN
- The code is unique for each customer and can be used in any bank aside your own bank.
- Your Bank account will be protected from unlawful access.
- Safety from fraudulent use of Bank account by fraudsters is guaranteed.
- It is a Banking Identity accepted across all banks in Nigeria.
May be you have not gotten your BVN and might like to know the process it will take, here is the guideline.
BANK VERIFICATION NUMBER REGISTRATION PROCESS
- Go to your bank to fill an Enrollment Form.
- Present Yourself for Biometric verification.
- After that you will be given a Ticket ID.
- BVN which is an 11 digits code will be sent to you via SMS.
BANK VERIFICATION NUMBER RETRIEVAL PROCESS
- It is just simple.
- Make sure you have a sufficient airtime or credit on your phone; NGN20 is enough.
- Also be sure the phone you are going to use is the one you used for the BVN registration.
- Dial *556*0#.
- Your BVN number will appear immediately.
- So, write it down for safe keep
Meanwhile, for questions and contributions on Bank Verification Number Retrieval | BVN Registration use the comment box.