How to verify my BVN online? Step-by-step Guide on Legit
What is BVN? The need for BVN came with the implementation of a new system for finances of the Central Bank of Nigeria. If you keep wondering how to verify my BVN, then you have come to the right place!
What is BVN?
BVN can be decrypted as Bank Verification Number. It's eleven digits number that can serve as a universal ID for the banking system. All financial institutions in Nigeria use this code to provide you financial services.
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BVN provides better protection of the citizens from the various frauds and thieves. By the way, the BVN gives you the opportunity to get through any transaction.
The Central Bank of Nigeria statement about BVN
The BVN system is administered to identify every customer in Nigeria. That's why it's necessary to provide the biometric details for this system. Any withdraw process should be made with a validated BVN. Moreover, the BVN was granted to ensure the transparency in bank transactions. It means your security and easy transactions. It`s the practice inherited from the developed countries.
How can I confirm my BVN number?
It's quite a straightforward question. All that you need to do is to get your mobile phone and dial “*565*0#”. Do not forget that you need to send this command from the number you provided during your BVN registration. If you want to check your BVN with this method – you will pay N20.
If you did not use the number which you used during the BVN registration, then you would get the message where it's written that the number you used is not registered in the BVN system.
How to verify BVN online if you didn't register
The answer is pretty simple, you can't do that. In this situation, the first thing to do is to register in the BVN system. To do this – you will need:
- Select a Nigerian Bank of your choice;
- Request a BVN form from the bank;
- Submit this form according to the rules of the Bank;
- Provide the necessary biometric data, like thumbprint, facial and so on;
- After that, you will get the acknowledgment slip with your ID;
In 24 hours you will get your BVN.
Your Bank may also provide you with shortcodes where you can find out the information about “how to verify my BVN.”
Benefits of using BVN
BVN number is used to make your bank data more secured. It also provides the transparency of actions between you, bank and any other financial organization. Therefore, you will be less vulnerable to fraudsters. It's the perfect solution which was inherited from other bank systems of more developed countries. That's why it's another great step for Nigeria in terms of financial security and transparency.
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Source: Legit.ng
