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Bank Verification Number (BVN) is an important tool that helps improve security in the Nigeria banking methodology. This means in other to maintain a well secured and efficient bank account you need a BVN. I will tell you everything you need to know and how to check BVN using your phone on any of your mobile network either MTN, 9Mobile, Airtel and Glo.
Why is BVN Important?
Bank Verification Number (BVN) is must have for every Nigeria individuals with an active bank account. BVN has made it very easier for individuals who do not have a traditional form to create a bank account easily. Here are other Important of BVN:
Helps to reduced cyber fraud:
The BVN has been instrumental in reducing the incidence of fraud in the Nigerian banking system. This is because it is much more difficult for criminals to impersonate bank customers when they are required to provide their fingerprints or facial image and other biometric information, This days hackers finds it very difficult to penetrate bank account with biometric information.
Protecting Customers’ Bank Accounts
One of the primary objectives of BVN is to safeguard your bank accounts from unauthorized access. By linking a customer’s identity to their bank accounts through biometrics, it becomes significantly more challenging for fraudsters to impersonate account holders and carry out fraudulent transactions. So with BVN have it at the back of your mind that your bank account is protected.
Increase Efficient Banking Operations
BVN streamlines banking operations, for example you might have multiple accounts across different banks. With BVN, customers can conveniently access and manage all their accounts using their unique BVN, eliminating the need for multiple identification documents that might be requested.
Enhancing Financial Inclusion
BVN has contributed to expanding financial inclusion in Nigeria by providing a secure and reliable means of identification for individuals. examples peoples who may not possess traditional forms of identification, such as a driver’s license or passport. This enables more people to access banking services and participate in the formal financial system.
How To Enroll For BVN
- Go to any bank of your choice
- Visit the customer care and pick up the BVN enrollment form
- Fill and submit the form
- Complete the biometrics Capturing (Facial Image and Fingerprint capturing)
- Then an acknowledgment slip will be issued to you
- Your BVN will be generated within 24 hours
How to Check BVN on MTN, 9Mobile, Airtel and Glo
First of all, you have to ensure that the mobile number is linked to your Bank Verification Number (BVN) otherwise you won’t be able to access your BVN. Here are the steps to check your BVN on either MTN, 9Mobile, Airtel and Glo.
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| Dial *565*0# |
- Pick up your phone and dial the USSD USSD code *565*0#.
- Wait few seconds for your BVN 11-digit number to pop up
- Copy and save or write down the 11-digit number
You’ll be charged ₦20 for using the service. It’s also important to know that thw process is effective for all mobile networks.
Note, you can’t have more than one BVN even when you have multiple bank accounts. Only one BVN is allocated to an individual and you can’t change or get another one.
