Are you wondering on how to recover your Bank Verification Number? If yes, then never worry that’s the reason why this article is here to assist you in checking your BVN on MTN, Airtel, Glo and 9Mobile.
Picture this: you are just about to finish up that critical government paper, update your Moniepoint bank details or attend to a financial related form. All of a sudden, you are asked for your BVN but then the numbers have gone out of your mind.
No worries, I have got your back.
Let us now examine what BVN is all about, how it can be retrieved and why it is important.
The Bank Verification Number (BVN) was instituted on February 14th, 2014 by the Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System (NIBSS). It represents an eleven numerical digit identification for all Nigerian financial institution clients.
Your BVN is similar to NIN since it links to your accounts similarly as NIN associates with clients’ fingerprint record such as name, date of birth and contact information taken upon registration in a banking hall or any approved place. The BVN initiative was launched to improve banking security and prevent national level monetary frauds.
A Step-by-Step Guide to Getting Your BVN Back
1. Quick USSD Dialling: Retrieve your BVN quickly by dialing *565*0# from your registered phone number. After following the on-screen instructions, you will receive your BVN for a token fee of N20—no internet required.
2. NIBSS Online Verification: There is a BVN verification tool on the NIBSS portal. The following are steps to be taken:
- Go to the NIBSS website here.
- Key in your name and date of birth.
- Indicate this bvn’s phone numbe
- Click “Submit” and make payment for the 20naira verification charge.
- See your BVN after payment has been made – save it safely!
3. BVN Helpdesk Assistance: Contact their helpdesk at [email protected] or 0700-2255-226 with all your names, date of birth and number that is linked to it. They will authenticate you and send you back your bvn instantly.
4. NIMC Office Visit National ID Enrollees only need any NIMC office visitation with identity details in order to enable quick recovery of their BVN.
Your Keep confidential and accessible as well; do not reveal or lose it because if you do so means that all banking transactions would come to standstill;
How to Check BVN on MTN, Airtel, Glo, and 9Mobile
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Accessing your BVN is a piece of cake on any Nigerian mobile network, including MTN, GLO, Airtel, and 9Mobile. Observe these simple instructions:
1. Dial *565*0#
from the phone number linked to your BVN.
2. Indicate that you will pay the N20 fee when asked.
3. Enter your transaction PIN.
4. Check in detail your current BVN presented on your display screen.
With this USSD code, you can get back your BVN at a cost of N20 without necessarily being connected to the internet.
The Importance of BVN
Your BVN is an exclusive identifier in Nigeria’s banking ecosystem that affords you access to various financial services. Here’s why it is important:
1. Identity Verification: Institutions like Moniepoint Microfinance Bank require that you verify your identity before opening an account, upgrading to KYC or executing a transaction. A valid BVN serves this purpose.
2. Security and Fraud Mitigation: The Central Bank of Nigeria (CBN) introduced BVNs to guard against fraudulent activities in accounts. Inform your bank promptly if you notice any suspicious activity.
3. Updating Personal Details: Your change of major personal details will require the use of your BVN for documentation reasons.
4. Consolidating Accounts: To link several bank accounts with each other, you need your BVN for a smooth process.
5. Credit Applications: Lenders can ask for your BVN to verify who you are and speed up loan approval.
6. Payments and Beneficiary Checks: Non-Governmental Organizations and Government programs commonly employ BVNs when disbursing funds or verifying beneficiaries, particularly in grants and social welfare schemes.
7. Account Recovery: For emergency cases or when restoring an account, your BVN is essential for identification purposes.
Conclusion: Your BVN provides unrestricted financial transactions within the Nigerian banking industry. If you forget it, there are USSD code, NIBSS website and various other methods described here that will help you retrieve it.
Never share it on unsafe platforms or any public medium so as to avoid fra.