In a bid to curtail money laundering and fraud in Nigeria, CBN has introduced Bank Verification Number (BVN). There have been high occurrences on our security systems, especially the ones that have tied with the financial institutions.
Most money laundering and online fraudulent activities are carried out with the help of the systems put in place to ensure smooth facilitation of the banking services. With bank verification number (BVN), there have been massive cut down of these events.
This article will be fully focused on how to check your BVN number on any Nigeria GSM network. Before that, let us take a look at all you need to know about BVN.
What is Bank Verification Number (BVN)
Bank Verification Number which is widely called BVN is a unique identification number enforced by the Central Bank Of Nigeria (CBN) to reduce fraudulent activities and other related ones.
The BVN number is an 11 unique digit that is given out not more than 2 days after registration at any Nigerian Bank. It has played several roles these days to the importance that it is becoming increasingly difficult to access your banking needs without BVN.
BVN has now been the master key for anything including accessing your money in the bank, taking a loan, start a company or even applying for some jobs, you are going to need your bank verification number (BVN) as your passport.
The usefulness of Bank Verification Number (BVN)
- It gives your bank accounts security from unauthorized access.
- It makes it easier to access banking operations.
- It serves as your pass, that is your identification across all banks in Nigeria.
It lessens fraudulent activities.
- It gives you a unique number that can be verified across all banks in Nigeria.
- It also reduces queues common in the banking hall.
How to register for Bank Verification Number (BVN)
BVN full registration is not done online and also can not be done through USSD Code. To get your own unique 11 number, go to any bank with a valid ID card.
To make it faster, some banks have provided an online pre-registration form, but this process won’t be completed until you visit any bank near you.
How to check your BVN
There are about 3 numbers of way to check your BVN. They are:
- On any Nigerian GSM network.
- Customer representative at any Nigerian Bank.
- Online platforms.
How to check your BVN on Glo, MTN, 9mobile and Airtel
This is the easiest way to know your bank verification number (BVN).
- To have your identification number sent to your inbox, you need a phone that uses any of Nigerian gsm network.
- Dial *565*0# to check your BVN from any phone using MTN, Glo, Airtel & 9mobile.
- NGN10 will be deducted upon dialling the USSD code.
- The BVN will be displayed on your screen and also will be sent to your inbox.
How to confirm your BVN from bank’s representative
Another way to know your BVN is to visit any branch that has the facility on the ground. This normally involves you coming with a search query that helps the customer care agent pull up your information.
If you have just registered for the bank verification number (BVN), the number will be sent to your phone in about 48 hours. In the event that it is not sent, you will need to go back to the bank you apply to get your BVN. Please, endeavour to go with your slip to make it easier for the bank officials to help you.
How to know your BVN using online platforms.
Also, one of the easiest ways to check your BVN is through online platforms made available by financial institutions and also comes at no cost.
If you wish to know your bank verification number (BVN), log into your internet banking interface using your passphrase or use your bank’s app if you are using an internet-enabled device or smartphone.
All banks in Nigeria have a mobile banking app to provide enhanced mobile banking experience to its customers. These apps also offer you services such as airtime purchase, BVN Linking, BVN checking, transfer, bill payments and many more.
How much does it cost to check your BVN
Checking your Bank Verification Number (BVN) is free except you will be checking through your gsm phone. With just N10, you can have your Bank Verification Number sent to your number.
It is the same on any Nigerian network.