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What You Should Know About Bank Verification Number (BVN)

     Since the tenure of our former President Goodluck Jonathan, we have experience the use of National Identity Cards and also during the ...

     Since the tenure of our former President Goodluck Jonathan, we have experience the use of National Identity Cards and also during the introduction, he made full use of it, in order to show that the new development is working.

According to the news, Over 10years ago, Our former Past Presidents tried their possible best to bring in this Electronic Card, but nobody know that its failed. The electronic card registration is ongoing nationwide, Jonathan have finally concluded the plan and it has been launched last year.

So right now, if you do own a bank account, then definitely, you must certainly have heard of the Identification card or (Bank Verification Numbers (BVN)), it baffles me, when people shouts on social media such as twitter and facebook that, Nigeria wants to follow USA and get the 666 marks before hands, my question is, "what concerns Identification number and the mark of 666"

We Nigerians are very funny, but lets leave that parts to stay on it own. The Central Bank of Nigeria (CBN), as the head of other banks have given a strict order to other Bankers Committee to launch the Biometric Identification, which will had to be set up to provide a single biometric database for all banks’ customers nationwide.

And also, as part of the requirements within this initiative is that customers en-roll with their banks to get their unique Bank Verification Numbers (BVN), without which customers will not be able to transact in any bank after the deadline.

What Is Bank Verification Number (BVN)

Even if you have a bank account, most of us are still confused with the word (BVN) while others wants a concrete answer to the questions above.

Anyway, The Bank Verification Number, BVN, is a Central Bank of Nigeria, CBN, initiated cashless policy, aimed at acquiring customers’ data, strengthening the security of banking transactions and checking fraud in the banking system.

The Bank Verification Number commonly called BVN is a biometric identification system implemented by the Central Bank of Nigeria to curb or reduce illegal banking transactions in Nigeria. It is a modern security measure in line with the Central Bank of Nigeria Decree to reduce fraud in the Nigerian banking system.

This is an attempt at enforcing data collection for the west!!! Nigerians are losing their freedom. Wikipedia Said

I hope you are Okay with that, it is all about "Cashless Policy", where you don't have to carry money everywhere you go like MTN. No, with this BVN verified, you can just go to one shop and after purchase, you enter your card in their machine and get it paid. That's Cashless Policy!

How to Register for Bank Verification Number

Before you register, note the following because, it is imperative, if you do not follow the rules and regulation guiding the bank, then I am absolutely sure that, it will not hold.

First is that: BVN registration exercise is mandatory for all individual customers.

Second is that: Registration must be completed on or before June 30, 2015.

Thirdly is that: After deadline, you may not be able to do any financial transaction in any bank in the Nigerian banking system as you will require your fingerprint for authentication.

4THLY is that: BVN registration is for individual account holders for the meantime till further notice.
Registration in one bank covers all accounts the individual might have in all other banks.

Fifthly is that: Once a person’s biometrics has been recorded, and BVN issued, the account would be accessed through BVN.

And lastly: You can't register for someone.

After going through all the guidelines, I think you are fit to fill the BVN. Let's GO!

*. Go to your personal bank (I mean the one you hold account with).

*. Then Proceed by collecting and filling the BVN En-rollment form with your personal data.

*. After you are through with the registration, you can quietly submit the completed form to a designated official at your bank, who would then transfer the information given into a computer data base.

*. Now the bank official will take your photograph and finger prints (it is NOT 666 oh).

*. After that, you are to sign your signature that will be captured electronically into the data system.

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

And lastly, 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. That's all.

One reason that made me to love this BVN registration is that, the step and guideline is so easy and simple to follow. The rules and regulation is also simple to adhered to. Unless, you are having problem with hearing or sight.

We don't know how the banks works with issuing your BVN,, maybe, some banks gives it immediately while other issues it after some few hours, days, or weeks. We don't actually know.

Below Are Some Nigerian Banks Website Connecting to the FAQS about Bank Verification Number

1. You can go to Central Bank (in -Pdf format)for Bank Verification Number.
2. You can go to Gtbank for Bank Verification Number.
3. You can go to First Bank for Bank Verification Number.
4. You can go to Stanbic Ibtc bank for Bank Verification Number.
5. You can go to Wema Banks for Bank Verification Number.
6. You can go to Sky Bank for Bank Verification Number.
7. You can go to Sterling Bank for Bank Verification Number.
8. You can go to Diamond Bank for Bank Verification Number.

The essence and the important of me, including this link above is not just to write much but to help you know how many hours or days, your banks takes to give you the BVN after enrolment but right now, I have checked mine, which is GTbank, according to their Faqs, it takes them 24hours to issue it to you.

So you can check yours by clicking on the Bank name. To all our Hausa readers outside there, Happy Ramadan!!!



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Welcome to TechMoses: What You Should Know About Bank Verification Number (BVN)
What You Should Know About Bank Verification Number (BVN)
Welcome to TechMoses
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