The Central Bank of Nigeria has instructed all bank customers to link their National Identification Number (NIN) and Bank Verification Number, BVN to their bank account (s)....CONTINUE READING
The apex bank had in a circular on December 1st 2023, directed that banks should place restrictions on all Tier 1 bank accounts without BVN.
Tier 1 accounts are accounts that the bank can open with a valid identity or proof of address.
Some banks have started implementing the rule, following the February 29, 2024, /March 1st deadlines.
Some banks however didn’t declare any deadline.
The National Identification Number (NIN) consists of 11 non-intelligible numbers. They are randomly chosen and assigned to an individual after completing enrollment into the National Identity Database (NIDB).
Bank Verification Number (BVN) is a biometric technology with a secure unique identifier. It is to analyze human characteristics as an enhanced form of authentication for real-time security processes.
The Process
The process of linking BVN or NIN to your bank account can be done via any of the following ways:
via SMS
Simply text BVN/NIN, your account number, and BVN/NIN number to the number/code provided by your service provider or bank.
For example,
Zenith Bank users , Dial *966*NIN# and follow the prompts.
Access bank users, Dial *901*11# from your registered phone number.
via Internet Banking
Log in to the internet banking platform of your bank and select the BVN/NIN option.
Click on ‘new request’, and enter your BVN/NIN,
select the bank that issued your BVN/NIN
answer the secret question and follow the instructions.
Via Email Request
Send an email request to your account officer. You can find your account officer via the internet banking platform.
Visit Your Bank
Visit your nearest bank branch
