The Bank Verification Number (BVN) is a unique identification number that is issued to every bank customer in Nigeria. The BVN is a biometric-based identification system that was introduced by the Central Bank of Nigeria (CBN) in 2014 to reduce fraud and enhance security in the banking system.
Requirements For BVN Registration
To register for BVN, you need to provide a valid means of identification, such as your National ID card, driver’s license, or international passport. The identification document must be valid and not expired. You also need to provide your phone number and email address, as these will be used to communicate with you during and after the registration process. In addition, you need to provide your biometric information, such as your fingerprints and facial features. This is done to ensure that your identity is verified and to prevent fraud.
How To Register For BVN Online
BVN registration can be done online from the comfort of your home or office. To register for BVN online, you need to visit the website of your bank and follow the instructions provided. You will be required to fill an online form with your personal details, such as your name, date of birth, and phone number. You will also be required to provide your biometric information, such as your fingerprints and facial features. After filling the form, you will be asked to submit the form and wait for a confirmation message from your bank. The confirmation message will contain your BVN number, which you will use for all your banking transactions. It is important to note that the BVN registration process is free and you should not pay any fee to anyone.
Frequently Asked Questions About BVN Registration
What is the importance of BVN registration?
The importance of BVN registration cannot be overemphasized. BVN registration helps to reduce fraud and enhance security in the banking system. It also helps to prevent identity theft and makes it easier for bank customers to access credit facilities and carry out other financial transactions.
How long does it take to get a BVN?
The BVN registration process usually takes between 24 to 48 hours to complete. However, in some cases, it may take longer due to issues with biometric information or other factors.
Can I register for BVN online?
Yes, you can register for BVN online from the comfort of your home or office. To register for BVN online, you need to visit the website of your bank and follow the instructions provided.
What happens if I don’t register for BVN?
If you don’t register for BVN, you may not be able to access credit facilities or carry out other financial transactions. Some banks may even freeze your account until you register for BVN.
What if my biometric information is rejected?
If your biometric information is rejected, you may need to visit your bank to resolve the issue. You may be required to provide additional information or documents to verify your identity. It is important to note that the BVN registration process is free and you should not pay any fee to anyone.
