What is a BVN Number?
In Nigeria, the Bank Verification Number (BVN), often known as the BVN, is a biometric identification system implemented by the Central Bank of Nigeria to curtail or minimise unlawful banking activities in the country. It is a modern security mechanism that is in accordance with the Central Bank of Nigeria Act 1958 and is intended to decrease fraud in the banking sector.
The BVN is an 11-digit number that serves as your universal identification number in all Nigerian banks. Consider it to be similar to a social security number, but for the banking business. It guarantees that you can conduct transactions at any Point of Banking Operations.
Is it safe to disclose my BVN?
Your BVN is a secret number and in the hands of fraudulent individuals they can use it to defraud you of your money.
Fraudsters, working in collaboration with greedy bank officials, can commit BVN fraud by exploiting your BVN to access and get all of your Bio-Data and using it to dupe you into giving those sensitive details. However, once you’ve mastered the act of not disclosing them, your bank funds will be safe.
How to check your BVN on MTN, Glo, Airtel and 9mobile
To check your BVN number on MTN, Airtel, Glo, and 9Mobile, dial *565*0# and NIBSS will retrieve your BVN number and send it to you in a message.
Please keep in mind that the code will get the BVN for the bank account connected with the phone number entered.