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The Bank Verification Number (BVN) is an essential part of Nigeria’s financial system. Introduced by the Central Bank of Nigeria (CBN) in collaboration with the Nigerian Inter-Bank Settlement System (NIBSS), the BVN helps to protect bank accounts from fraud by creating a unique identification number tied to each customer’s biometric data.
If you’ve ever needed your BVN for banking purposes but couldn’t remember it, you’re not alone. Fortunately, there’s an easy way to retrieve your BVN directly on your phone, eliminating the need for trips to the bank or lengthy inquiries. Here’s how you can do it.
What Is BVN and Why Is It Important?
Your BVN is an 11-digit number that uniquely identifies you in the Nigerian banking system. It’s linked to your biometric data, such as fingerprints and facial features, ensuring that no two individuals can share the same BVN.
Why Do You Need Your BVN?
- Banking Transactions: BVN is required for most banking operations, including account opening, loan applications, and fund transfers.
- Fraud Prevention: It protects your account from unauthorized access.
- Seamless Integration: If you have accounts with multiple banks, your BVN ties them all together, making verification easier.
How to Check Your BVN on Your Phone
If you’ve registered for a BVN but can’t recall the number, you can retrieve it using your mobile phone. Here’s the complete guide:
Step 1: Use the BVN Code
The simplest way to get your BVN is by dialing a USSD code on the phone number linked to your BVN during registration. This service works on all major networks in Nigeria, including MTN, Glo, Airtel, and 9mobile.
Steps to Follow:
- Open the dialer on your mobile phone.
- Dial
*565*0#. - Press the call button.
- Your BVN will be displayed on your screen.
Important Notes:
- Network Charges: You’ll be charged approximately ₦20 for this service. Ensure you have sufficient airtime before dialing the code.
- Registered Number: The code will only work if you use the phone number linked to your BVN.
What If the Code Doesn’t Work?
Sometimes, you might encounter issues while using the USSD code. Here’s what you can do:
- Check Your Airtime Balance: Ensure you have enough airtime to cover the service fee.
- Confirm Your Registered Number: If the code doesn’t work, confirm that you’re using the same phone number you used during BVN registration.
- Network Issues: Try again after a while if there’s a poor network connection.
If these steps fail, you might need to visit your bank for assistance.
Other Ways to Retrieve Your BVN
If you can’t retrieve your BVN through the USSD method, here are alternative methods:
1. Internet Banking or Mobile Apps
Many banks in Nigeria display your BVN on their mobile banking apps or internet banking platforms. Here’s how to check:
- Log into your bank’s mobile app.
- Navigate to your profile or account details.
- Your BVN should be displayed there.
2. Visit Your Bank
If online methods don’t work, visit any branch of your bank with a valid ID. Bank officials will assist you in retrieving your BVN.
Tips for Managing Your BVN
- Memorize Your BVN: Since the BVN is required for many financial transactions, it’s helpful to memorize the number or save it in a secure location.
- Avoid Sharing Your BVN: Never share your BVN with strangers or unverified platforms to avoid scams and identity theft.
- Keep Your Registered Phone Number Active: Always ensure that the phone number linked to your BVN remains active to avoid complications.
FAQs
1. Can I retrieve my BVN if I’ve lost the registered SIM card?
You’ll need to visit your bank with valid identification to retrieve your BVN if you no longer have access to your registered phone number.
2. Is the BVN retrieval process free?
No, using the USSD code costs ₦20, while retrieving it through your bank might incur additional charges depending on the bank.
3. Can I have more than one BVN?
No, each individual is allowed only one BVN, even if they operate multiple accounts in different banks.
Conclusion
Retrieving your BVN on your phone is quick and straightforward, saving you the hassle of visiting the bank. By following the simple steps outlined above, you can always have access to your BVN whenever you need it. Remember, protecting your BVN is as crucial as protecting your PIN, so always handle it with care.
Do you have any further questions about the BVN process? Let us know in the comments!
