Want to know BVN Validation Portal? Having any issues with your Bank Verification Number (BVN)? If yes is your answer then you need to read through this post. Here, we shall be discussing on BVN Validation and how to access the portal.
As implemented by the Central Bank of Nigeria (CBN), BVN stands for Bank Verification Number which is a biometric identification system. This platform helps to reduce and track financial related crimes in the country.
READ ALSO: NIS Recruitment Form 2021 | See How to Apply for Nigeria Immigration Service Job Recruitment Form
This banking security measure is in line with CBN Act 1958 and it aims at reducing frauds related to money. It works by taking record of your passport photograph and finger print scanned into the system.
BVN Validation Portal
You can access the BVN Validation Portal and know more about how the system works. Kindly follow the steps listed below;
How Bank Verification Number Works/Importance
BVN offers verification and validation of the bank customers’ identity effortlessly across multiple and interoperable electronic platforms.
BVN database is searched to display relevant information about an individual. This is called bio-data (it includes name, phone numbers, residential or office address, date of birth).
BVN is used to link to all your bank accounts to keep track of all your banking and non-banking transactions. Even when you want to access a governmental loan or grants, your BVN will be required.
This is to show you that you can not do without BVN as long as you are a Nigerian living in Nigeria.
You might be wondering how many BVN digits are or is the number of digits your BVN have is same as others? Well, we are going to answer that here.
Bank BVN has a total of 11 digits and it serves as your universal ID across all banks in Nigeria.
READ ALSO: CBN Loan Application Form 2021 at 5% Interest Rate Per Annum without Collateral
This means that whenever you have an issues with your bank account, you will be required to provide your BVN. Even when you are opening an account for the first time, BVN will be created for your upon creating your bank account in your bank.
How to Check Your BVN Number using Your Mobile Phone
To check your Bank Verification Number using your mobile phone, simply dial this USSD code *565*0#.
- You do not need an internet connection to do this
- You can dial this code using any phone at all and with any network (MTN, Glo, 9mobile or Airtel)
- A charge of #50 will be deducted from your balance when you dial this code.
- You can also use this code to check your BVN for all banks in Nigeria
- Don’t forget that you will have to dial this code using that particular sim you used to open an account.
To be getting frequent update like this, simply subscribe this website by turning on the red notification bell below this page.
Do not forget to share this article with your friends and family using any of the social media buttons here. Best Wishes!!