How to Check your Bank Verification Number
Picture this: you’re trying to fill out a form to open a bank account, upgrade an existing one, or even apply for a loan. Then it hits you—you need your BVN (Bank Verification Number), but you can’t remember all 11 digits! Frustrating, right? Don’t worry, I’ve got you covered.
In this guide, I’ll walk you through what a BVN is, why you might need it, and, most importantly, how to quickly check yours when you forget it.
What is a BVN?
A BVN is an 11-digit number issued by the Central Bank of Nigeria (CBN) in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS). It was introduced on February 14, 2014, to help secure financial transactions and prevent fraud in Nigeria’s banking sector. Your BVN is linked to your biometric information, such as your fingerprints, name, and date of birth, and it’s unique to you across all your bank accounts.
So, it’s like your bank’s way of knowing it’s really you—sort of like your National Identification Number (NIN), but for financial transactions.
How to Check Your BVN
1. USSD Code Method
The easiest way to check your BVN is by dialing *565*0# from the phone number you used when registering for it. This will show your BVN on your phone for a small fee of N20. No internet required, and it’s super quick!
2. NIBSS Website
If you prefer to use the internet, you can also check your BVN on the NIBSS website. Follow these steps:
- Visit the NIBSS website on your phone or computer.
- Enter your full name, date of birth, and the phone number linked to your BVN.
- Hit “Submit” and pay the N20 fee.
Once the payment is successful, your BVN will be displayed on the screen. Don’t forget to write it down or take a screenshot!
3. Contact the BVN Helpdesk
Can’t access the internet or use USSD? You can always call the BVN helpdesk at 0700-2255-226 or email them at bvn@nibss-plc.com.ng. Just provide them with your full name, date of birth, and the phone number linked to your BVN, and they’ll assist you in retrieving it.
4. Visit a NIMC Office
If you’ve registered for your National Identification Number (NIN), you can also retrieve your BVN at any National Identity Management Commission (NIMC) office. Just provide them with your details, and they’ll help you out.
How To check YOUR BVN on Different Networks (MTN, GLO, Airtel, and 9Mobile)
Whether you’re using MTN, GLO, Airtel, or 9Mobile, you can check your BVN using the same USSD code (*565*0#). The process is identical across all networks, and the N20 fee applies. It’s convenient because it works offline, so no internet is needed.
Why You Might Need to Check Your BVN
1. Identity Verification
Financial institutions like Moniepoint Microfinance Bank require your BVN for identity verification when opening new accounts, performing transactions, or upgrading your KYC (Know Your Customer) level.
2. Security and Fraud Prevention
Your BVN is crucial for protecting your bank accounts from fraud. If you suspect any suspicious activity on your account, cross-checking your BVN can help verify your identity.
3. Updating Personal Information
If you change your name, address, or contact details, you’ll need your BVN to update your information with the bank.
4. Linking Multiple Accounts
If you have multiple bank accounts and want to link them, your BVN serves as a common identifier across all financial institutions.
5. Loan Applications
When applying for loans, lenders use your BVN to verify your identity and streamline the application process.
6. Payment and Beneficiary Verification
In some cases, NGOs or government programs might ask for your BVN to process payments or verify beneficiaries. It’s essential for accessing grants and social welfare programs.
7. Account Recovery
If your bank account gets blocked or lost, you’ll need your BVN to recover it.
Final Thoughts
Your BVN unlocks countless financial services in Nigeria, so it’s vital to keep it secure. If you ever forget your BVN, you can easily retrieve it through the methods we discussed. Just remember to never share your BVN on unverified platforms to avoid scams.
Stay safe, and always keep your BVN handy!
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