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How to Start BVN Registration Business

The Bank Verification Number (BVN) is a unique 11-digit identification number that can be used to verify your identity across all financial institutions in Nigeria.Npower recruitment

This biometric identification system was implemented by the Central Bank of Nigeria in conjunction with all the financial institutions in Nigeria. The BVN identification system was created to curb illegal banking transactions in the country. The system works by recording and documenting the client’s personal details, fingerprints, and facial photographs.

Every individual in Nigeria is entitled to a single unique 11-digit BVN number, and the number will be the same across all financial institutions in Nigeria for the same individual. It doesn’t matter if you have several accounts with different Banks, you will still have a single BVN number connecting all of them. Hence, to own and operate a banking account in Nigeria, you must first have a bank verification number.Information Guide Nigeria

Read Also: How to block BVN Number

Did you know that you could make a living by starting a BVN registration business? With the nationwide enforcement of the Bank verification number (BVN) in Nigeria, millions of Nigerians nationwide are in need of the Bank Verification Number.BVN Registration Business

Initially, the enrollment for the Bank verification number was usually done at the bank, but with the increasing number of enrollees for the BVN number, the banks have given license to their BVN agents to carry out BVN enrolment for individuals across the country. In today’s post, I’ll be showing you how to register and start a BVN registration business in Nigeria.dollar to naira rate

Read Also: How to change BVN mobile Number

Starting a BVN Registration Business

To start a BVN registration business, you must first become a banking agent enabled for BVN registration. To become a Banking agent in Nigeria, you must first possess the following qualifications:How to buy JAMB Form

  • Applicants must be able to read and write fluently
  • Applicants must have a functioning android mobile phone or computer system
  • Applicants must have an existing business outlet or provide evidence of membership of a trade association
  • Applicants will be required to present a valid means of identification (Driver’s license, National ID card, International passport, or Voters card)
  • Applicants would be required to present a passport-sized photograph, utility bill, tenancy agreement, property title, etc.How to access JAMB CAPS
  • Applicants will be required to present their Financial account detail or statement
  • Applicants will be required in some cases to pay a start-up capital

Read Also: How to do BVN Print out online

How a become a BVN Registration Agent

To become a BVN registration agent, follow the procedures below:WAEC result

  • Step 1: Visit any bank of your choice (the bank you wish to become their agent)
  • Step 2: Head to the customer service section of the bank
  • Step 3: Let the banking attendant know that you wish to become an agent with the bank
  • Step 4: Fill and complete the form given to you
  • Step 5: Provide the required documents mentioned earlier for verification
  • Step 6: Submit the application form
  • Step 7: You will be notified once your request has been processed.JAMB form

Read Also: How to get a BVN number in Nigeria

Functions of a Banking Agent

A banking agent helps the bank to reach out to areas and regions where there are little or no banking operations available. The following services can be provided by a banking agent in Nigeria:JAMB Result

  • BVN Registration
  • Account Opening
  • Balance Inquiry
  • Collection of bank mails
  • Cheque book request and collection
  • Bills payment -Taxes, utilities, tenement rates, subscriptions, etc.
  • Funds transfer (local)
  • Deposit and withdrawal  of cash
  • Issuance of mini-statements

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Victor Nnaji

Victor is a Content Developer at InfoGuide Nigeria is a team of Resource Persons and Consultants led by Ifiokobong Ibanga. Page maintained by Ifiokobong Ibanga. If you need a personal assistance on this topic, kindly contact us.

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