How to Verify BVN – BVN verification app

How to Verify BVN – The need for the Bank Verification Number (BVN) came as a result of the fraudulent activities being conducted through banks.Information Guide Nigeria

The government needed a way to curb financial crimes in the country so the Central Bank of Nigeria in alliance with all the banks operating in the country created the BVN in February 2014 as a new system of finances to help stop impersonation and prevent cyber crimes and theft.BVN verification app

Read Also: How to Become BVN Agent

To effect the changes made, the BVN is now a must for everyone who currently owns or who wants to own a bank account in Nigeria. If you own a bank account, then the chances are you already have a BVN.NIN Retrieval Code For MTN, Airtel, Glo, 9Mobile

In this guide, you’ll be learning about what BVN is, the benefits of owning one, and towards the end, how you can verify your BVN. Continue reading to learn more.

Read Also: How to Get BVN Number

What is BVN?

BVN—Bank Verification Number—is a unique 11-digit number that’s issued to bank customers that help in identifying them and makes the bank data more secured. Your BVN provides or offers the transparency of actions between you, the bank, as well as any other financial institution you are affiliated with.Npower Recruitment

The transparency the BVN provides makes you less vulnerable to fraudsters or hackers who may be trying to get sensitive information about your account in order to steal money from you. The BVN is a perfect bank system that was inherited from the bank systems in more developed countries—this means that Nigeria isn’t the only country that makes use of this kind of banking system.

Read Also: How to Check BVN on First Bank

Benefits of using BVN

There are tons of benefits to enjoy when you enrol for one. You must have already picked up some benefits while reading this article.WAEC Result

However, in this section, we’ll be looking at some of the major benefits you can enjoy when you have your own unique 11-digit BVN.

• The BVN provides customers with a unique identity that can be verified across all the banks in the Nigerian Banking Industry (it’s not peculiar to a single bank)
• The BVN protects customer’s bank accounts from unauthorized access—it reduces the chances of your account being hacked
• It addresses or resolves the issues of impersonation (identity theft) which in turn reduces the exposure to fraudJAMB Form
• It makes it possible for the banking industry to be able to identify or fish blacklisted customers
• The BVN is a valid means of identification that’s accepted and preferred in all Nigerian banks licensed by the Central Bank of Nigeria (CBN)

Read Also: How to Check UBA Account Number With BVN

How to verify BVN

After enrolling for your BVN at the bank, your BVN will be sent to the mobile number you used in registering.JAMB Result

If for some reason you can no longer access that text and you haven’t memorised it (most people don’t have the time to memorize it), then you can easily verify or confirm your BVN anywhere and anything using your mobile phone. The best part is, that you don’t need an internet-enabled device to verify your BVN.List of All NIN Registration Centres in Lagos

To verify your BVN, dial *565*0# on the line or number used in registering for your BVN. Once you do that, your BVN will be displayed on your phone’s screen.

Make sure to send the command using the number registered on your BVN otherwise you’ll receive a message telling you that your number isn’t registered in the BVN system.

Read Also: Different methods on how to check BVN Number

Finally, the verification service isn’t free. You’ll be charged a service fee of NGN 20 every time you check or verify your BVN via this approach. To prevent that, after verifying it, make sure to write it down and store it somewhere safe where you can easily access it in future.

There you have it! That’s how to verify your BVN.

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