BANK VERIFICATION NUMBER!!!!

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If you are in Nigeria……..and you have a bank account… You must get your BANK VERIFICATION NUMBER!!?!? 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.

It takes just about 15 minutes (My Bank oh) and you only require your pen and account number. It Iis really easy and it is better you get it done before the rush hour when it is closer to the deadline!!!!!. The campaign is on, but we may not realise its importance until it closes on June 30th 2015.

Th

e enrollment process for acquiring your BVN is very very simple and you can take a look at it!!!!

Visit any branch of the bank you have an account with. Registration by proxy not acceptable. Collect and fill the BVN enrollment form with all personal data about you Submit the completed form to a designated official at your bank, who would then transfer the information given into a computer data base. The official will take your photograph and finger prints. You will sign your signature that will be captured electronically into the data system. A small temporary registration acknowledgement slip will be issued to you, followed by an email or SMS conveying a similar information. 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. BVN registration exercise is mandatory for all individual customers.Registration must be completed on or before June 30, 2015. 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. BVN registration is for individual account holders for the meantime till further notice. Registration in one bank covers all accounts the individual might have in all other banks.

We should also be aware that some fraudsters are trying to undermine the exercise by providing seemingly easier registration options for bank account holders. They request these details online and threaten that the account would be closed if the owner does not provide them the details. Their target is the account holder’s money. The best way of enrolling remains direct communication with one’s bank.

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Hello world!

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Well I have always wanted to have a blog and now i finally do….THANK GOD….I remember a few months back I was trying to do a project on the NDIC( Nigerian Deposit Insurance Company) and i decided to look for a blog that provides banking information like a banking blog and I found only one which was HORRIBLE….So I decided to start my own blog that would providing information on the BANKING INDUSTRY TO THE WORLD!!!!!. So cheers to that. I want to thank God for this opportunity. I would use it well.

Happy blogging!