BVN stands for Bank Verification Number. It is a unique 11-digit number that serves as a biometric-based identification system for bank customers in Nigeria. The Central Bank of Nigeria introduced BVN to curb fraud and protect the banking system from illegal activities such as money laundering and terrorism financing.
BVN captures a person’s biometric data, such as fingerprints and facial recognition, along with personal information such as name, date of birth, and address. This information is stored in a centralized database that is accessible to all Nigerian banks.
Every bank account holder is required to enroll for BVN, and it is mandatory for opening and operating a bank account in Nigeria. BVN helps to prevent identity theft, reduce banking fraud, and enhance the security of banking operations.
To enroll for BVN, you need to visit any bank branch with a valid identification document such as a National ID card, Driver’s License, or International passport. You will be required to provide your biometric information and personal details, which will be verified against your identification document. Once your BVN is generated, it will be linked to all your bank accounts across all banks in Nigeria.
See also: How To Check BVN On Zenith Bank
BVN and Phone Number
The phone number you provided during your BVN registration is an important factor in linking your BVN to your bank accounts. When you enroll for BVN, you are required to provide a valid phone number which will be used to communicate with you during the BVN registration process and for future BVN-related activities.
The phone number provided during BVN registration is also linked to your bank accounts, and it is used for notifications such as ATM transactions, account balance alerts, and other transaction alerts. It is important to ensure that the phone number associated with your BVN and bank accounts is up-to-date and active to receive important notifications from your bank.
If you need to update or change the phone number associated with your BVN, you will need to visit the bank where you enrolled for BVN to request an update. You will be required to provide valid identification documents and fill out a form to request the update.
It is essential to keep your BVN and associated phone number safe and secure to prevent unauthorized access to your bank accounts and transactions.
See also: How To Check My BVN Name And Date Of Birth
Steps on How to Check BVN on MTN
To check your BVN on MTN, you can follow these simple steps:
Step 1: Ensure that the MTN SIM card you want to use is registered with your BVN.
Step 2: Dial *565*0# on your phone using the MTN SIM card.
Step 3: Wait for a few seconds for the system to process your request.
Step 4: Your BVN will be displayed on your phone screen.
Step 5: You can also confirm that the BVN displayed on your phone is correct by comparing it with the BVN on your bank statement or BVN slip.
Note that checking your BVN on MTN is not free of charge, it cost ₦20; you can use any mobile phone to perform the check. If you have any issues checking your BVN on MTN, you can contact MTN customer care for assistance.
See also: How To Check BVN Details Online
Originally posted on February 23, 2023 @ 8:47 am