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13 Things Bank Customers Must Know About Bank Verification Number - Business - Nairaland

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N50 Stamp Duty Imposed On Bank Customers By FG / 12 Things You Need To Know About Bank Verification Number (BVN) / IMPORTANT! 13 Things Bank Customers Must Know About Bank Verification Number (2) (3) (4)

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13 Things Bank Customers Must Know About Bank Verification Number by Nobody: 10:52pm On Nov 17, 2014
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.

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.


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 data base.
5. The official will take your photograph and finger prints.
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 a 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. Registration must be completed on or before June 30, 2015.
11. 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.
12. BVN registration is for individual account holders for the meantime till further notice.
13. Registration in one bank covers all accounts the individual might have in all other banks. http://www..com/2014/11/13-things-bank-customers-must-know.html

Re: 13 Things Bank Customers Must Know About Bank Verification Number by PROCTOR: 10:57pm On Nov 17, 2014
Most importantly.won't there be a reduction in my balance

1 Like

Re: 13 Things Bank Customers Must Know About Bank Verification Number by eunisam: 10:59pm On Nov 17, 2014
People with excess money visits the bank this days. Like seriously like thing go tight for u if u don't pay your tites
Re: 13 Things Bank Customers Must Know About Bank Verification Number by Nicoluv(m): 11:13pm On Nov 17, 2014
End time tins!!!

1 Like

Re: 13 Things Bank Customers Must Know About Bank Verification Number by frodobee: 11:15pm On Nov 17, 2014
In a Forbes article last week, one in four Americans said they have lost control of their I'd online. My questio:
1. The data that was captured during Maurice Iwu days where is it?
2. National Identity card (twice)
3. SIM card registration
4. INEC again
5. International passport
All these resource where are they stored? Are they safe? What happens to all this info? Shall we go on giving out our biodata so cheaply and easily without asking questions? A time is coming when these data may come to hurt. You and I- Identity theft is real.

2 Likes

Re: 13 Things Bank Customers Must Know About Bank Verification Number by Anyi3(m): 11:17pm On Nov 17, 2014
14. It's a da.mn waste of precious time to register

1 Like 1 Share

Re: 13 Things Bank Customers Must Know About Bank Verification Number by Smilelo(m): 11:57pm On Nov 17, 2014
Hope55:

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.

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.


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 data base.
5. The official will take your photograph and finger prints.
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 a 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. Registration must be completed on or before June 30, 2015.
11. 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.
12. BVN registration is for individual account holders for the meantime till further notice.
13. Registration in one bank covers all accounts the individual might have in all other banks. http://www..com/2014/11/13-things-bank-customers-must-know.html

Ok I will visit my bank. Are u telling me that if I have account in fidelity bank,GTB bank, U.B.A bank. Now if I register in maybe fidelity bank it will cover all the other bank I have and account with or I will still go to other bank also and do the same thing.

2 Likes

Re: 13 Things Bank Customers Must Know About Bank Verification Number by Nobody: 1:55am On Nov 18, 2014
If true, the appropriate bodies should embark on enlightenment campaign to educate the masses more.

1 Like

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