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Re: The Importance Of Bank Verification Number (BVN) by njideoby(f): 4:28pm On Mar 16, 2015 |
engrhorla:I hope the change you're talking about being permanent isn't the same CHANGE being chanted here in Nigeria every day, because I doubt if that one here will be permanent. |
Re: The Importance Of Bank Verification Number (BVN) by alexvatt(m): 4:41pm On Mar 16, 2015 |
saintfizzo:no just one registration for all ur accounts |
Re: The Importance Of Bank Verification Number (BVN) by JackDaniels1: 7:07pm On Mar 16, 2015 |
@AuTo,I totally disagree with you on the issue of NIN.This NIN is meant to work like Social Security number in the US.I am sure it will get to a time when NIN will be made compulsort in Nigeria for certain government services. We are somebody before becoming an account holder. You are eligible to have NIN from d age if 16 so as the banks Soonest registration by birth will be included as evidenced on their site Nigerias need only one database for biometrics,infact no other agency private or public has the right to keep citizens biometric data except NIMC as evidenced by the Act that establishes it. All what they need to do is to collapse all data collected into NIMC infrastructure Going through NIMC ACt I discoverd that NIMC has power to regulate the industry with that I believe they will come out with regulations soon. NIN is all we need please te author=DaBullIT post=31660791] You have made sense but I still don't agree with you, what you are saying in essence is that bank PHB, Skye, Gtb, Fbn, diamond, unity wema. E. T. C will have a common data pool which they would compare to verify? Even that's more dangerous for customers and banks themselves, Besides the real fraudsters engage cmd's and bank managers to clear out funds from illegal sources, I heard of a case where manager used a live account to clear out $800k , how would bvn prevent that? Furthermore almost all the banks are asking you to create account online, although the accounts will be limited to certain amount per transaction it doesn't stop fraud Finally Nigerian banks are skipping important steps they want to move directly to perfect banking, for this to happen we need population management database, Citizens identification number which would be issued at birth to babies and updates frequently like the west's Social Security number even that does not work effectively. Man makes a rule, Man breaks the rule, I agree with you partially but the Nigerian approach can not work Period [/quote] |
Re: The Importance Of Bank Verification Number (BVN) by NobleG1(m): 12:10am On Mar 17, 2015 |
USAutoBuy: Well, I understand your point, but cashing a check is a different ball game. They don't ask for your fingerprint to operate a bank account in U.S. I believe we can do better but the endemic corruption in Nigeria is the main problem. |
Re: The Importance Of Bank Verification Number (BVN) by DaBullIT(m): 7:42am On Mar 17, 2015 |
[quote author=JackDaniels1 post=31682951]@AuTo,I totally disagree with you on the issue of NIN.This NIN is meant to work like Social Security number in the US.I am sure it will get to a time when NIN will be made compulsort in Nigeria for certain government services. We are somebody before becoming an account holder. You are eligible to have NIN from d age if 16 so as the banks Soonest registration by birth will be included as evidenced on their site Nigerias need only one database for biometrics,infact no other agency private or public has the right to keep citizens biometric data except NIMC as evidenced by the Act that establishes it. All what they need to do is to collapse all data collected into NIMC infrastructure Going through NIMC ACt I discoverd that NIMC has power to regulate the industry with that I believe they will come out with regulations soon. NIN is all we need please [\quote] Nin ? |
Re: The Importance Of Bank Verification Number (BVN) by USAutoBuy(m): 11:08am On Mar 17, 2015 |
NobleG1: Yes they don't ask for your fingerprint cos there is the fairly trustworthy system of the ID card / DL and social security database that can be trusted. Banks can just revert to it if need be. But in Nigeria, there is no database, hence the banks has to create it. You are over thinking this privacy/freedom stuff you are used to in the states too much. Banks has to do the best to protect themselves. When the cases of fraudulent Western Union receivers was rampant in Nigeria, the came out with rules that you have to have an account with the bank before you can cash the western union. That slowed things down. They did not rely on the receiver to just show up with a drivers license which can be fake. They created a new way to protect themselves. Support the banks, they are moving in the right direction |
Re: The Importance Of Bank Verification Number (BVN) by NobleG1(m): 2:52pm On Mar 17, 2015 |
USAutoBuy: I don't disagree with you on why the banks are doing it. Banks should have forced the government to create whatever databases required, where financial institutes can refer to in case of verification. There are things that should be government's responsibility. I understand why banks are this on their own but it doesn't make it right. What stops bank from also demanding blood test before making any bank transaction? Nothing! But in a country where corruption is a rich culture and the govt. is very incompetent, one won't blame the banks. If this was 100% a good idea, nobody would be required to travel home just to create a bank account or make it operational. They didn't have Nigerians abroad in mind. |
Re: The Importance Of Bank Verification Number (BVN) by engrhorla(m): 8:18pm On Mar 17, 2015 |
njideoby: Looool. Maybe and maybe not |
Re: The Importance Of Bank Verification Number (BVN) by engrhorla(m): 8:19pm On Mar 17, 2015 |
freshcvv: What can I say?! |
Re: The Importance Of Bank Verification Number (BVN) by engrhorla(m): 8:23pm On Mar 17, 2015 |
Anointed08: Well..d@'s youuu But the basic thing is under 24hours sir |
Re: The Importance Of Bank Verification Number (BVN) by amywonda: 2:46pm On Mar 21, 2015 |
That's exactly what the NIN Is all about, population database, however minor registration has not commenced, I hear that would come nice as soon as a sizeable amount of adults are captured into the database, the government needs to make it impossible to sit for ssce without a national identity number, it would as you would know the amount of fraud carried out by non school leavers is negligible, this making it compulsory for all school leaver to enrol would go a long way in guarantee no assured identification, at the common entrance level in the nearest future it should also be mandatory, that would go a long way in capturing a vast generality of nigerians DaBullIT: |
Re: The Importance Of Bank Verification Number (BVN) by amywonda: 2:58pm On Mar 21, 2015 |
I have registered for both and I dare say the data is essentially the same, secondly, the Bvn is narrow for only financial transaction whereas nin is broad for various things, now ideal, everyone should have a nin number, thus the account holding set of Nigerians should be a subset of nin registered Nigerians, a simpler analogy would be, not machines are cars but all cars are machines, as for the diaspora how do u intend to capture them for their Bvn?, exactly that's the same way nimc intends to capture them for their nin, the same issues faced with pairing a single Bvn with my 10 account to is exactly the same that would be faced with pairing the non with all ur accounts, so that's easily surmounted, as it has been done in several western countries, nimc is not the run of the mill civil service go to their office and find out, lastly ur issue of ownership of the database, we'll unfortunately for can only the nimc has under its purview the maintain of the nation's identity database, powerd by the Constitution, can regrettably doesn't have such powers, again I reiterate all can needed to do was work hand I ha d with nimc, as the organisation has the answer to all their needs as regards identity management USAutoBuy: |
Re: The Importance Of Bank Verification Number (BVN) by amywonda: 3:08pm On Mar 21, 2015 |
My dear the agency is there already, go and get registered, and get your NIN, u can't get a visa to travel now without your nin, I was applying for a visa last week and they asked for my nin, all government jobs now ask for your nin, leave the back to meddle in matters that are not theirs to meddle in, in fact the Bvn should be stated by the government as they have no constitutional right to manage the database, I might just Institute a law suit against the banks NobleG1: |
Re: The Importance Of Bank Verification Number (BVN) by NobleG1(m): 5:22pm On Mar 21, 2015 |
amywonda: You don't get it. I'm not looking for any goddam visa! What would those abroad do about the so-called BVN? |
Re: The Importance Of Bank Verification Number (BVN) by lumina(m): 5:54pm On Apr 08, 2015 |
Hello all, please can someone assist on what to do. i registered BVN with Access bank and when i want to update my info with FCMB, it says my BVN does not match with biometrics. i could not do any transaction. i have complain to acces with a letter but over a month now, nothing is been done. sos pls 1 Like 1 Share |
Re: The Importance Of Bank Verification Number (BVN) by Nobody: 2:15pm On Jun 24, 2015 |
if the BVN is not done and the deadline expires.... what will happen to the account? |
Re: The Importance Of Bank Verification Number (BVN) by gudtalentgt(m): 7:16am On Jul 10, 2015 |
THE BENEFITS OD DOING YOUR BVN 1: Bank verification number (BVN) gives a unique identity that can be verified across the Nigerian Banking Industry (not peculiar to one Bank) 2: Standardized efficiency of Banking operations for more details, click the link below http:///1LZq87D |
Re: The Importance Of Bank Verification Number (BVN) by Elishaetim: 10:47am On Jul 10, 2015 |
To me Bank verification number is not security against yahoo yahoo guys. my brothers bank only want to know the customers who have died many years ago so as to forfeit their money. Am i talking sense? |
Re: The Importance Of Bank Verification Number (BVN) by Taylexbaba(m): 3:06pm On Jul 12, 2015 |
Pls my fellow Nairalanders. Pls I want to know 5 disadvantages of BVN in Nigeria Banking Sector. |
Re: The Importance Of Bank Verification Number (BVN) by radicalove(f): 9:12pm On Nov 04, 2015 |
leo1234: Have you been able to resolve your BVN issues now? |
Re: The Importance Of Bank Verification Number (BVN) by leo1234(m): 10:08pm On Nov 04, 2015 |
radicalove:Yes. Thank you. 1 Like |
Re: The Importance Of Bank Verification Number (BVN) by funsho75(m): 7:50am On Sep 16, 2018 |
Ok |
Re: The Importance Of Bank Verification Number (BVN) by Nobody: 9:58am On Oct 06, 2018 |
SirChotas: |
Re: The Importance Of Bank Verification Number (BVN) by Korofoh: 8:09am On Oct 08, 2018 |
USAutoBuy: |
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