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<\/p>\nBefore you learn how to check your BVN online, let\u2019s find out what exactly BVN is.<\/p>\n
Bank Verification Number also known as BVN is an 11 digit number. The BVN serves as your universal ID in all the banks or financial institutions in the country.<\/p>\n
The need for BVN came up when the Central Bank of Nigeria (CBN) implemented its cashless policy. One of the reasons for the BVN was to curb all forms of financial fraud and theft. Additionally, your BVN also enables you carry out transactions at any point of banking operations.<\/p>\n
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Here\u2019s the statement released by the CBN with regards to the BVN<\/p>\n
\u201c<\/em>Identity theft and fraudulent transactions have become a menace to the global banking system in recent times. In order to ensure trust relationship in the Nigerian banking system is not undermined, The Central Bank of Nigeria in collaboration with all Nigerian Banks launched Bank Verification Number (BVN) project in February 14, 2014. The BVN uniquely identifies every customer across the Nigeria banking industry using biometric details. It is a requirement for operating a bank account in Nigeria as no withdrawal shall be made on accounts without validated BVN (customers in diaspora accounts were exempted till January 31, 2016\u201d<\/em><\/p>\n Overall, the BVN can be said to be an initiative by the CBN to ensure transparency, security and easy assessment of data in accordance with best practices in developed countries. These are the benefits of having a BVN:<\/p>\n Once you register, the BVN is attached to your name across all banks or financial institutions in the country.<\/p>\n Despite being an 11 digit number, you don\u2019t neccesarily have to memorise your BVN. There are ways to check the number on your mobile phone anytime you need to even if you don\u2019t have an internet connection.<\/p>\n\n
How to check your BVN online<\/strong><\/h2>\n