How to Get BVN Number – It’s no longer a secret that you must have a BVN (Bank Verification Number) to be able to operate and own a bank account in Nigeria.
If you are yet to open a bank account then one of the things you might be thinking about asides from the type of account you’d like to open is “how to get BVN number?”
If you don’t know the correct steps to follow in acquiring one, then you have arrived at the right blog post. In this article how to get your BVN number, the general information about the BVN, and the benefits of owning one.Information Guide Nigeria
Without further ado, let’s quickly take a look at what the BVN number is.
Read Also: How to Check BVN on First Bank
General information about the BVN
The Bank Verification Number, shortened or abbreviated as BVN, is a scheme that was introduced by the Central Bank of Nigeria in February 2014 to help in protecting customers’ banking transactions in Nigeria.Get BVN Number
With the increasing incidents (occurrences) of compromise on the conventional security systems such as the use of PINs and Passwords, there’s a need or high demand for higher or greater security for access to personal or sensitive information in the banking system. The solution to the problem faced by the Nigerian banking system was the BVN and you’ll soon find out why.How to Transfer Data From MTN to Airtel
Biometric technologies have now been used in recent times to analyze human characteristics as an enhanced form of authentication for real-time security processes. When the term biometric is used, it’s used to refer to identifying a person or individual based on their behavioural or physiological attributes such as their signature, fingerprints, etc.
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The Central Bank of Nigeria (CBN), through the Bankers’ Committee and in alliance with all the banks operating in Nigeria launched a centralised biometric identification system for the banking industry known as the Bank Verification Number (BVN).Npower Recruitment
The BVN was launched in 2014 and it’s still in use today. Once a bank customer enrols for one, a unique 11-digit number is assigned to that customer that’s used to identify that customer for life. With the BVN banks can tighten their security systems as it’ll be harder for fraudsters to impersonate (identify theft) people and steal their money due to the biometric system that’s used in creating the BVN.
Read Also: How to Check BVN Number
Benefits of having BVN
The Central Bank of Nigeria (CBN) requires that all Nigerian bank customers should enrol for the BVN. In this section, you’ll find some of the benefits you’ll enjoy when you enrol for your BVN.WAEC Result
- The BVN offer or provides customers with a unique identity that that be verified or confirmed across all of the Nigerian banking industry
- The BVN protects customer’s bank accounts from unauthorized access
- It reduces or prevents issues related to identity theft (impersonation) which reduces the exposure to fraudJAMB Form
- It’s a unique 11-digit number that’s accepted and the most preferred means of identification across all the licensed banks in the country
Read Also: How to Change My BVN Phone Number Online
How to get BVN number
Congratulations! On reading up to this point. So far, you have learnt about the BVN, what it was meant for, and the benefits you’ll enjoy when you enrol for one.
In this section, I’ll be teaching you how to enrol or get a BVN number. To get your own unique 11-digit BVN number, follow the instructions outlined below:
- Select and visit a preferred Nigeria bank
- Upon arriving at the bank, request for a BVN formJAMB Result
- Fill out the form and submit it according to the rules of the bank
- You’ll be asked to provide necessary biometric data such as your fingerprints, facial capture, signature, etc.How Do I Find My NIN Number Using Tracking ID?
- Once you are done with that, you’ll receive an acknowledgement slip carrying your ID
- In 24 to 48 hours, your BVN will be sent to the number used in registering or enrolling for the BVN.
However, if you have already enrolled for your BVN but you no longer have access to it, you can easily retrieve it by dialling *565*0# using the number used in registering for the BVN. Once you dial that code your BVN will be displayed on your screen.
Read Also: How to Check UBA Account Number With BVN
Note: The BVN code isn’t a free service and you’ll be charged a fee of NGN 20 every time you use it.
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