How to go about your BVN registration, name correction and validation in Nigeria
BVN registration – A close look at most often banking issues in Nigeria shows that a good number of the Nigerian banking populace in one way or the other have bothering issues associated with their BVN. If you happen to fall in this category of the Nigerian bank customers or possibly know anyone or persons who have challenges with their BVN, kindly give me five minutes of your time while I run down what seems to be a challenge into stepping stone.
Kindly note that apart from the topic of this post, I will as well clear your doubts in the following areas:
How to change number on BVN
How to change my BVN phone number online
How to update BVN data
How to print BVN slip
How to check my BVN date of birth
How to change date of birth on my bank account
BVN online registration
WHAT IS BVN
This three letter word simply stands for Bank Verification Number, this is a unique number assigned to every bank account as a mark of identity as directed by the Central Bank of Nigeria’s (CBN).
The Central Bank of Nigeria introduced BVN as a security measure, to identify everyone who uses financial services and as well reduce illegal banking activities in Nigeria.
There are situations where some fraudulent customers go about operating bank accounts with different identities at different banks, thereby causing financial mishaps.
CBN through this implementation of BVN registration seek to put an end to unwholesome banking practices, through the use of BVN, a bank can easily identify if a potential customer who wants to access a facility has a debt to settle or is owing another bank, this helps to prevent bad loan.
CBN can now monitor how many accounts you have and how those accounts are being operated in case of Anti Money Laundry and Terrorism Financing (AML/TF) compliance .
Now you’ve known why the Central Bank of Nigeria (CBN) being the apex body, introduced BVN into the Nigerian banking system.
You may also like: How to link BVN to a bank account by yourself
POSSIBLE EFFECTS OF NOT REGISTERING FOR BVN
It’s no longer a news to savor that any bank account without BVN in Nigeria will definitely not be allowed to carry out banking operations. In simple terms, you cannot make cash withdrawals, transfers or access service of any kind via your bank account if there isn’t a BVN linked to it. Even new bank accounts these days come with a default in banking called “PND” which stands for place no debit, until the needful is regularized.
It likewise stands that all accounts without BVN linked to them are placed on PND irrespective of when they were opened.
WHY THEN BVN CORRECTION AFTER BVN REGISTRATION
This is a million dollar question in the BVN regularisation sphere, you could have challenges with your BVN after you might have registered with your bank on the following reasons:
Your date of birth was wrongly captured during registration
Your name could had been transposed/ or a name other than the one primarily in your bank account was introduced, other reasons that could give birth to BVN name correction are Marriage for ladies. ID card issues. I will take my time to explain how you can provide remedy for these challenges later in this post, just keep coming with me.
STEPS TO TAKE IN PREVENTING BVN CORRECTION AFTERWARDS
While visiting your bank for BVN registration, kindly take with you a primary ID card just in case they have a need for it. (National ID card, PVC, International passport or Driver’s license) The officer who should profile you is expected to check your account and make sure the name you filled on the BVN form provided for the registration conforms to the name in your bank account, possibly check your date of birth from the account package, this is usually advised where you already have an existing account to avoid complications thereafter.
HOW TO GO ABOUT YOUR BVN CORRECTION
Let’s get down to business proper here, to carry out any correction on your BVN, take the following steps
- Visit your bank who had initially notified of the error, communicate your readiness to start the correction process
- You will fill a BVN correction form, capture correctly the date of birth if it’s the issue and provide the correct name in your ID card where that applies
- You would be required to write officially to the bank
- You may be required to get a court affidavit for date of birth and name change if need be
- They could require you publish same on a national daily for both name correction and date of birth, depending on how they see it.Buy the newspaper you published in and take it to the bank where that applies.
- Having made available the required documents, your BVN correction will be effected immediately and you can start using your account within 24 hours of such correction. Kindly rely on your bank for information on materials they will require for the process as they sometimes vary.D
FAQ ON BVN
HOW TO CHANGE NUMBER ON BVN
Your BVN number cannot be altered at the altar of correction at this time, it hereby means that your number remains the same as provided by NIBS.Also note that you cannot have two BVN, in event of BVN issues kindly adhere to the instructions and directives of the bank to regularize.
HOW TO CHANGE MY BVN PHONE NUMBER
You can only change the phone number associated with your bank account number, it’s advisable to retain the phone number associated with your BVN, in a case where you may need to retrieve your BVN as that can be done outside the bank with your associated phone number by dialling *565*0#, you must have at least N20 in your phone to access this service, also available to all networks.
BVN REGISTRATION: HOW TO UPDATE BVN DATA
This is the responsibility of your bank, not categorically yours. You’re to provide the required information where this applies. On how to print BVN slip, your bank does that from the NIBSS portal.
HOW TO CHECK MY BVN DATE OF BIRTH
Kindly visit your bank, provide your BVN or give them your account number to retrieve it from your account, then they can check it from the NIBS portal available to the bank and retrieve your date of birth. They can as well print a copy of the BVN for you to see everything yourself.
HOW TO CHANGE DATE OF BIRTH ON YOUR ACCOUNT
This has been taken care of in this post, refer to the paragraphs above and acquaint yourself with the guidelines.
BVN REGISTRATION ONLINE
You cannot register for your BVN online at this time, kindly visit any commercial bank and commence your registration. Your fingerprints need to be taken and your photo captured on the NIBSS portal, this makes it difficult to access from home or online at this time.
BVN registration is a must do for every Nigerian who does transactions with the bank, do not abandon your account for undergoing stress en route to your BVN registration or correction. Follow the steps outlined above and start using your bank account again. Thank you for being with me, if you think this post has any value, kindly share it.