Urgent: Things You Need To Know About Bank Verification Number (BVN)

The Central Bank of Nigeria through the Banker’ Committee and in collaboration with all banks in Nigeria on February 14, 2014 launched a centralized biometric identification system for the banking industry tagged Bank Verification Number (BVN).

Things You Need To Know About BVN

1.Your BVN gives you a unique identity that can be verified across ALL Nigerian Banks (it is not peculiar to one Bank)

2.Your Bank Accounts are protected from unauthorised access

3.It reduces fraudulent activities on bank accounts

4.Gives easy access to Banking operations

5.Your BVN is accepted as a means of identification across ALL Nigerian Banks

6.Registration in one bank covers all accounts the individual might have in all other banks

7.The deadline for registration is Tuesday, 30th June, 2015.

8. A small temporary registration acknowledgement slip will be issued to you, followed by an email or SMS conveying a similar information.

9. A BVN identification card with a computer chip bearing your embedded personal information will be issued to you for collection at your designated bank branch.

10. BVN registration is for individual account holders for the meantime till further notice.

11. Registration in one bank covers all accounts the individual might have in all other banks.

12. Its absolutely free