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Stats: 17,521 members, 69,856 Topics, 15,483 Comments. Date: Jun 27 2019, 7:50 am

Osorhor Ogenevwegba Michael
Delta state polytechnic otefe oghara ( DESPO )
BUSINESS ADMINISTRATION AND MANAGEMENT
Graduate, Nigeria.
The Bank Verification Number (BVN) is a biometric identification system implemented by the Central Bank of Nigeria (CBN) to curb or reduce illegal banking transactions in Nigeria.

The BVN is a modern security measure in line with the CBN Act of 1958 to reduce fraud in the banking system.

The CBN in association with the banker’s committee, Nigerian Interbank Settlement System (NIBSS), launched the BVN on 14th February 2014 for the banking industry.

Concise News gathered that BVN issued as at January 27, 2019, is 36,521, 281.

The Benefits Of BVN
BVN gives a unique identity that can be verified across the Nigerian Banking Industry (not peculiar to one Bank)
Customers Bank Accounts are protected from unauthorized access

It will address issues of identity theft, thus reduce exposure to fraud
The BVN will enhance the Banking Industry chances of being able to fish out blacklisted customers
Reduce queue in Banking Halls
Standardized efficiency of Banking operations
The Customers unique BVN is accepted as a means of identification across ALL Nigerian Banks

Objectives

The purpose of the project is to use biometric information as a means of first identifying and verifying all individuals that have account(s) in any Nigerian bank and consequently, as a means of authenticating customer’s identity at point of transactions.

To provide a uniform industrially accepted unique identity for Bank Customers
To authenticate transactions without the use of cards using only biometric features and PIN
Identification of blacklisted customers

How To Enroll

Walk into any branch of your Bank

Fill and submit the BVN Enrolment form.

Present yourself for data capturing (such as Fingerprint, facial Image etc)

An acknowledgment slip with the transaction ID is issued to you
Within 24hours the system confirms your application, your BVN is generated, and you receive an SMS for pickup.

How To Check BVN on Phone

Step 1: You can walk to the bank with the Transaction ID issued to you when you enrolled for the BVN and request for the code.

If you have new accounts, come to the bank branch, inform the bank’s employee that you want to link BVN to a new account. In addition, it can be done remotely through the bank’s website.

The features of the procedure may differ in different institutions but as a rule this is a very simple process

Step 2: In order to know your Bank Verification Number (BVN), thanks to the easy methods, you can now check your BVN number code on your mobile phone. Just dial *565*0# to check your Bank Verification Number (BVN). It cost N10 to get the code.

It is available on all the mobile networks for all of the banks in Nigeria – that is Access, Diamond, Ecobank, Enterprise, FCMB, Fidelity, First Bank, GTBank, Heritage, IBTC, Keystone, UBA, Union, Unity, Stanbic, Skye, Sterling, Wema, and Zenith.

You don’t need to access the internet to check your BVN code, and you don’t need any high-end Smartphone also. With this code, you can learn how to check your BVN code number on any SIM. A lot of people has been asking these series of questions:

– How to check BVN code number on MTN: Dial *565*0#

– How to check BVN code number on Airtel: Dial *565*0#

– How to check BVN code number on 9mobile (Etisalat): Dial *565*0#

– How to check BVN code number on Glo: Dial *565*0#

And also, you can check your BVN code number for any bank in Nigeria with the same code. For instance:

– How to check BVN code for Diamond: Dial *565*0#

– How to check BVN code for First Bank: Dial *565*0#

– How to check BVN code for FCMB: Dial *565*0#

– How to check BVN code for Stanbic IBTC: Dial *565*0#

– How to check BVN code for Eco Bank: Dial *565*0#

– How to check BVN code for Union Bank: Dial *565*0#

– How to check BVN code for UBA: Dial *565*0#

– How to check BVN code for Zenith Bank: Dial *565*0#

– How to check BVN code for Access Bank: Dial *565*0# and so on and so forth.

How to check BVN number online
You can also check your BVN code number online via internet banking. To know your BVN number online, log into your Internet banking app and you will see the code displayed to your front page.

How to check BVN Code On Phone
What you need to know about BVN
A unique ID number shall be issued to every Bank customer at enrolment and linked to every account that the customer has in ALL Nigerian Banks.

Individuals shall be required to submit an acceptable means of identification as prescribed for enrolment.

Customers of banks shall be required to enroll within a fixed period after which they shall no longer be able to operate their Bank accounts
Capturing of all ten (10) fingers and facial image will be adopted

For authentication purposes, individuals performing banking transactions (e.g applying for loans) shall be required to identify themselves using their biometric features which will be matched against information in the central database.

Update of customer information shall be done at their Bank Branches physically.

Banks shall be prompted during account opening and credit check if a customer has been blacklisted by ANY Nigerian Bank.

The BVN and unique features of an individual shall be used in conjunction with a PIN on a point of transaction.

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Source www.concisenews.global/2019/02/05/how-to-check-bvn-code-on-phone/amp/
How To Check BVN Code On Phone - Books/Literature/Writing

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