How to Get a Bank Verification Number (BVN)

The Bank Verification Number (BVN) serves as a unique identification system within the Nigerian banking sector. It is an 11-digit number assigned to individuals, linking them to all their bank accounts across different financial institutions in Nigeria. The primary purpose of the BVN is to enhance the security of banking transactions and to reduce the prevalence of fraudulent activities.

Introduced by the Central Bank of Nigeria (CBN) in collaboration with Nigerian banks in 2014, the BVN project aims to strengthen the financial system. It provides a single, verifiable identity for bank customers, making financial operations more secure and transparent. All bank account holders in Nigeria are mandated to obtain a BVN to ensure compliance with regulatory requirements.

Preparing for BVN Registration

Before BVN registration, gather personal information and valid identification documents. Required personal details typically include your full name, date of birth, current address, and a functional phone number. Some registration forms may also request next of kin details.

The Central Bank of Nigeria and participating banks require valid identification for registration. Acceptable forms of identification commonly include a National Identity Card, International Passport, Driver’s License, or a Permanent Voter’s Card, each with a clear picture. Some enrollment centers may also request a recent passport photograph and proof of address, such as a utility bill, to support your application.

BVN registration is typically conducted at commercial bank branches or designated enrollment centers across Nigeria. Individuals can also find BVN enrollment services at specific centers outside Nigeria, primarily for diaspora customers. Having all necessary documents prepared streamlines the process at the registration point.

The BVN Registration Process

Once documents are prepared, visit a designated BVN enrollment center. This is usually a commercial bank branch where you hold an account or intend to open one, or an accredited BVN registration center. Upon arrival, you will present your valid identification documents and inform the customer service representative of your intent to register for a BVN.

You will then be provided with a BVN enrollment form to complete. This form captures your personal information, which is cross-referenced with the identification documents you presented. After filling out the form, the next stage involves biometric data capture.

During this step, your fingerprints will be electronically scanned, and a facial image will be captured. This biometric information is linked to your unique BVN, serving as a secure method of identification within the banking system. Following the successful capture of your biometrics, you will typically receive an acknowledgment slip or a ticket ID as proof of your registration. The BVN is usually generated and sent to your registered mobile number via SMS within 24 to 48 hours after enrollment.

Verifying and Linking Your BVN

After registering for your BVN, verify its activation and link it to all your bank accounts. Check your BVN by dialing 5650# from the phone number registered during enrollment. Please note that this service may incur a small charge, such as ₦20, depending on your mobile network provider.

Alternatively, verify your BVN through your bank’s mobile application, internet banking portal, or by visiting any bank branch. The Nigeria Inter-Bank Settlement System (NIBSS) also offers an online BVN Validation Portal where you can check your BVN, often for a minimal fee. If you encounter any issues, contacting the NIBSS helpdesk or your bank’s customer service can provide further support.

Linking your BVN to all your existing bank accounts is required to ensure regulatory compliance and facilitate seamless transactions. While the BVN may automatically link to the account used for registration, you might need to manually link it to other accounts you hold with different banks. This can often be done through online banking platforms, mobile apps, by sending an SMS to your bank, or by physically visiting a bank branch. It is advisable to keep your BVN secure and avoid sharing it indiscriminately to protect your financial information.