The Bank Verification Number generally referred to as BVN is a form of biometric identification system introduced by the Central Bank of Nigeria, BVN literally captures the biodata customers across all banks in Nigeria.
The main aim of CBN introducing the BVN was for a complete monitor and checkmating of fraudulent account holders in order to reduce illegal banking transactions in Nigeria.
the BVN system has undoubtedly come to stay even as one of the basic requirements by the commercial banks before you are allowed to open or even operate an account with the bank, this system was launched in February 14, 2014 though banks customers in diaspora were exempted till January 31, 2016.
security and easy assessment of data in accordance with best practices in developed countries. These are the benefits of having a BVN:
- Secures your bank account
- Exposes fraudulent transactions, theft and blacklisted customers
- Provides with a unique ID that you can use in any bank
Once you register, the BVN is attached to your name across all banks or financial institutions in the country.
Despite being an 11 digit number, you don’t neccesarily have to memorise your BVN. There are ways to check the number on your mobile phone anytime you need to even if you don’t have an internet connection.
How To Check Your Bank Verification Number (BVN) Online
So the question you are obviously asking is how do I check my BVN online?
All you have to do is to simply dial 5650# using the mobile phone you used for your account registration. But it comes at a cost. You will be charged N20
If you’re yet to register you will receive this information, Sorry your number is not enrolled on the BVN platform. Thank you for using BVN service. You have been charged N20 for this service.
In this case, you can register by following the steps below:
- Enter any Nigerian bank of your choice
- Request and fill the BVN enrolment form
- Submit the form
- Your biometric data will be taken i.e facial, thumbprint
- You will be given an acknowledgment slip with a transaction ID
- Within 24 hours you?ll receive your BVN
Apart from the code 5650#, some banks also have their specific shortcodes to allow their customers to check their BVN on their phone. For instance, if you are a GTBank customer, you can dial 7376*1# to check your BVN.
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