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10 things you should know about BVN

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The BVN is an 11 digit number that acts as your universal ID in all banks in Nigeria. Think of it as a socio-security number but for the banking industry.

It ensures you can engage in transactions at any Point of Banking operations.

Below are the 10 things bank customers must know about Bank Verification Number

  1. The enrollment process for acquiring your BVN is simple.
  2. Visit any branch of the bank you have an account with. Registration by proxy not acceptable.
  3. Collect and fill the BVN enrollment form with all personal data about you.
  4. Submit the completed form to a designated official at your bank, who would then transfer the information given into a computer database.
  5. The official will take your photograph and fingerprints.
  6. You will sign your signature that will be captured electronically into the data system.
  7. A small temporary registration acknowledgement slip will be issued to you, followed by an email or SMS conveying similar information.
  8. 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.
  9. BVN registration exercise is mandatory for all individual customers.
  10. After the 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.
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