Bank Verification Number (BVN) And 13 Important Things And Uses Of BVN


    Bank Verification Number, BVN, is part of the Central Bank of Nigeria, CBN’s, cashless policy to capture customers’ data and check fraud in the banking system.

    According To First Bank.

As you may already be aware, the Central Bank of Nigeria (CBN) in conjunction with the Bankers Committee has launched the Biometric
Identification Project to provide a single biometric database for all banks’ customers nationwide. Part of the requirements within this initiative is
that customers enroll 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 (date
soon to be announced by CBN) In our quest to continue to put You First for
convenient and secure banking, we at FirstBank are keen to ensure that all our valued customers are aware and understand the benefits of this initiative
      It is an initiative of the CBN to give every customer in the Nigerian banking system a unique identification number that can be verified across all banks in Nigeria.

. The enrollment process for acquiring your BVN is simple.
. Visit any branch of the bank you have an account with. Registration by proxy not acceptable.
. Collect and fill the BVN enrollment
form with all personal data about you.
. Submit the completed form to a
designated official at your bank, who
would then transfer the information
given into a computer data base.
. The official will take your photograph and finger prints.
. You will 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.
. 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.
. BVN registration exercise is mandatory for all individual customers.
. Registration must be completed on or before June 30, 2015.
. 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.
. 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.

Comments

Post a Comment

Popular posts from this blog

Fidelity fidelitybank.ng/online-banking Review

Image
  This post covers: fidelity online banking app, fidelity bank nigeria customer care, fidelity bank online account opening, fidelity bank recruitment, fidelity bank nigeria head office address.    Talking about online banking you will Imagine a world where you can pay your bills quicker than fixing a cup of coffee. Why go to the Banking hall when it can come to you?   Make Single and Bulk Payments Easier and Faster With Corporate Online Banking, you can easily and quickly pay bills, buy airtime, and transfer funds to Account within Fidelity, or in other banks. Transfers can be done individually, or in bulk    Stay Safe and Secure When you sign up on Fidelity Online Banking, you will be assigned a unique Corporate user ID and password. You also use a One Time Password (OTP) for 2nd level authentication of your transactions. At Fidelity, your security is of paramount concern to them   Create Multiple User Roles (Maker- Checker Work flow) Corporate Online...
Read more

Fidelity Bank Online Banking/ Internet Banking Review Fidelity Bank

Image
This post covers: fidelity online banking app, fidelity internet banking, fidelity bank online account opening, fidelity bank recruitment, fidelity bank online banking    Talking about online fidelity banking you will Imagine a world where you can pay your bills quicker than fixing a cup of coffee. Why go to the Banking hall when it can come to you?   Make Single and Bulk Payments Easier and Faster With Corporate Online Banking, you can easily and quickly pay bills, buy airtime, and transfer funds to Account within Fidelity, or in other banks. Transfers can be done individually, or in bulk    Stay Safe and Secure When you sign up on Fidelity Online Banking, you will be assigned a unique Corporate user ID and password. You also use a One Time Password (OTP) for 2nd level authentication of your transactions. At Fidelity, your security is of paramount concern to them.   Create Multiple User Roles (Maker- Checker Work flow) Corporate Online Banking allows you s...
Read more

Dr Adesola Kazeem Adeduntan History With First Bank Nigeria PLC

Image
      Dr. Adesola (“Sola”) Kazeem Adeduntan (FCA) is the Managing Director/Chief Executive Officer of First Bank of Nigeria Limited.  Prior to this appointment, he was an Executive Director and the Bank’s Chief Financial Officer. Before coming to FirstBank, Sola was a Director and the pioneer Chief Financial Officer/Business Manager of Africa Finance Corporation. He has served as a Senior Vice-President & Chief Financial Officer at Citibank Nigeria Limited, a Senior Manager in the Financial Services Group of KPMG Professional Services and a Manager at Arthur Andersen Nigeria. Sola also had a brief stint at the defunct Afribank Nigeria Plc (now Mainstreet Bank) as a graduate trainee where he worked mainly in banking operations. Over the course of his sterling career, he has garnered diverse expertise in Treasury and Financial Management, Risk Management, Accounting and Internal Controls, Corporate Governance, Corporate Strategy Development and Implementation, Corp...
Read more