The term ‘BVN’ became a common word in Nigeria in 2014. BVN was introduced by the Central Bank of Nigeria to curb fraudulent acts in the banking industry. You will learn about how to check your BVN on your phone and the full meaning of the abbreviated word (BVN) in this piece. Without further ado, let’s dive right in!
What About BVN?
The Bank Verification Number (BVN) is a unique identification system introduced by the Central Bank of Nigeria (CBN) in collaboration with all Nigerian banks. It was designed to enhance security in banking transactions and combat identity fraud.
With the rising cases of compromised security methods like passwords and PINs, the BVN provides a more secure way to verify a customer’s identity. Each individual is assigned a unique BVN that works across all banks in Nigeria, allowing for easy identification and verification at banking points.
The BVN system is based on biometric technology, which uses personal physiological attributes such as fingerprints, voice, and facial recognition for identity authentication. This makes banking transactions more secure and helps reduce fraud, ensuring better identity management in the Nigerian banking industry.
Read also: Newest USSD Code For Network Providers In Nigeria
How to check BVN on your Phone
Checking your Bank Verification Number (BVN) on your phone is quick and easy using the USSD Validation Service. Follow these steps:
- Dial the USSD Code
- On your mobile phone, dial
*565*0#.
- On your mobile phone, dial
- Use Your Registered Phone Number
- Ensure you are dialing the code from the phone number linked to your BVN.
- If your number is linked to multiple BVNs, no BVN will be displayed.
- Receive Your BVN
- Your 11-digit BVN will be shown on your screen.
- Service Fee
- A fee of ₦20 will be deducted from your airtime balance for the request.
This method provides a fast and convenient way to retrieve your BVN without visiting a bank.
How to Protect My BVN
Your BVN is for your use only and must not be made public. You must safeguard it and on no account should you share it with anyone pretending to be your customer care agent from your bank or even a friend. You must keep it out of reach of anyone. But within your reach for immediate use when needed.
Frequently Asked Questions
How many numbers is the BVN?
The BVN is an 11-digit number.
What is the code to check the BVN on the phone?
On your mobile phone, dial *565*0# to check your BVN.
What is the full meaning of BVN?
The acronym BVN stands for Bank Verification Number.
Conclusion
Having read this far, you now understand what a BVN is and also how to retrieve one through your phone. Stay glued to this page for more fresh content and tips.