The Bank Verification Number is short formed as BVN. It is a biometric identification system done at Banks. It was introduced into the Nigerian banking system by the Central Bank of Nigeria in order to reduce or curb illegal banking transactions in Nigeria. Interestingly, its a modern day security measure that is in line with the Central Bank of Nigeria Act 1958 to curb fraudulent transactions in the Nigerian banking system. Essentially, the system takes your fingerprints with your facial photograph and it is then linked to your bank account.
How To Check And Update Your BVN Information
There are a number of ways to check your BVN just in case you forgot the number. Below are ways to check and update your BVN;
- On Mobile Phone With Your Number
If your registered mobile number with your account and BVN is an MTN number, then you are safe. Simply dial *565*0# to view your BVN. It cost N10 per view. The code works on all phone types and brands. The code originally works for MTN numbers but lately it is also said to be working for Etisalat, Glo and Airtel numbers.
- Walk Into The Banking Hall
To check your BVN, you may as well walk into the bank, head straight to the customer service desk and request for your BVN. You will only be required to provide your account number and probably answer few questions on the registered details on your account.
- Your BVN Card
This is the easiest way to check your BVN. Just pick your BVN card, you will find 11 digit number just above your name, that’s your Bank verification number.
You can view your BVN online via internet banking. This option may not be available by all banks but it is available on Gtbank internet banking. Simply login to your account online and navigate to check your Bank verification number.
Linking BVN With Multiple Bank Account
You are required to have just one bank verification number even if you have multiple Bank accounts. With multiple bank accounts, you are required to link your BVN with the bank accounts to make them functional. Below are few ways to achieve that;
- Walk Into The Bank
Simply walk into the Banking hall, make your way to the customer service desk and make your intention known. You will be given a customer account update form to fill and it will done in minutes.
- Bank USSD
Almost all Banks if not all have mobile code for transaction. You can update your BVN via the code. Simply get the code of the bank you want to link, dial it on the registered phone number with the account you want to link and follow through the prompts to update the BVN. However this may not be available for all Banks.
There are few Banks who allow BVN linking via email. That is, you simply send an email containing Account name, BVN, Account number and the bank where you registered to a particular email address. FCMB, Skye Bank, Zenith Bank and Fidelity Bank are examples of such Banks.
Some Banks like Gtbank, UBA, Zenith and First Bank provide an online access by which customers can link their accounts with their Bank verification number registered at other Banks.
- SMS Linking
At the moment, the only Bank that allow BVN linking via SMS is Access Bank. Simply navigate to the SMS menu of your phone and create a message containing your account number and BVN number and then send it to 20121. It will be updated.