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Before we proceed by explaining what BVN is all about, we want to let you know that popup.com.ng, is your go-to source for anything tech in Nigeria.
What Is BVN (Bank Verification Number)
The Bank Verification Number (BVN) is a unique 11-digit biometric identification number assigned to every individual who has a bank account in Nigeria. It was introduced by the Central Bank of Nigeria (CBN) in 2014 to curb fraud, enhance security, and promote financial inclusion.
Think of your BVN as your social security number for the Nigerian banking system. It’s a unique identifier that links your bank accounts across different institutions in Nigeria. This means regardless of how many bank accounts you hold (savings, current, etc.), you’ll have a single BVN associated with all of them.
How Does BVN Work?
The BVN system leverages biometric technology. During BVN enrollment, your fingerprints and facial photograph are captured. This information is stored securely in a central database. Whenever you conduct a banking transaction that requires verification (e.g., opening a new account, transferring funds, withdrawing cash), your BVN is used to confirm your identity.
How is BVN generated?
- Visiting a bank branch or any authorized BVN registration center
- Filling out a BVN enrollment form
- Providing required documents (e.g., passport, national ID card, driver’s license)
- Capturing your biometric data (fingerprints and facial recognition)
Importance of BVN in Nigeria
The introduction of BVN has significantly transformed the Nigerian banking landscape. Here’s a breakdown of its key benefits:
- Enhanced Security: BVN acts as a powerful shield against fraudulent activities. By linking your identity to your bank accounts across all institutions, it becomes significantly harder for unauthorized individuals to access your funds.
- Reduced Identity Theft: Prior to BVN, individuals could potentially open multiple accounts under different names at various banks. This loophole for identity theft has been significantly closed with the implementation of BVN.
- Improved Efficiency: BVN streamlines banking processes by enabling easy identification and verification across institutions. This translates to faster transaction processing and shorter queues at banks.
- Financial Inclusion: BVN has encouraged financial inclusion, particularly for those who may not have traditional forms of identification. By using fingerprints as part of the verification process, BVN makes banking services more accessible.
- Credit Risk Management: Banks can leverage BVN data to assess creditworthiness more accurately. This fosters a more responsible credit culture and benefits both borrowers and lenders.
- Transparency and Accountability: BVN promotes greater transparency within the financial system. It allows authorities to track financial activities more effectively and identify suspicious patterns that might indicate money laundering or other criminal behavior.
- Taxation and Revenue Collection: The Bank Verification Number (BVN) plays a crucial role in taxation and revenue collection in Nigeria. It serves as a unique identifier for taxpayers, verifying tax returns, and obtaining tax clearance certificates. BVN helps the government collect revenue, monitor tax compliance, identify tax evasion patterns, and detect fraud. It facilitates inter-agency collaboration and automates tax systems, improving tax compliance, increasing revenue collection, and promoting financial transparency.
Requirements For Checking BVN On Airtel
The requirements for checking your BVN on Airtel are very minimal:
Airtel SIM Card: You’ll need an active Airtel SIM card with enough airtime balance to cover the service charge.
Mobile Phone: Any mobile phone that can make USSD calls will work. This includes basic feature phones as well as smartphones.
Additional Notes:
- Airtime Balance: Airtel charges a fee (currently N20) for checking your BVN using the USSD code. Ensure you have sufficient balance before proceeding.
- BVN Registration: You can only check the BVN linked to the Airtel phone number you used for registration. If you registered your BVN with a different mobile network, you’ll need to use that network’s service to check it.
What If I Lost My Airtel SIM? Can I Check BVN Without USSD Code
If the SIM card you used to register your BVN is missing, it creates a hurdle in checking your BVN using the standard USSD code method (e.g., *565*0# for Airtel). This is because the USSD service relies on sending a verification message to the registered phone number, which is unavailable in this scenario.
The Solution: NIBSS BVN Online Portal
The NIBSS (Nigeria Inter-Bank Settlement System) established an online portal specifically for BVN-related inquiries. This portal allows you to check your BVN without relying on the phone number linked to your BVN during registration.
Here’s why using the NIBSS BVN Online Portal is helpful when your SIM is missing:
- Alternative Verification: The portal utilizes different verification methods compared to USSD codes. You might be required to provide your date of birth, registered name, and possibly answer some security questions.
- Accessibility: As long as you have an internet connection and a device to access the portal, you can check your BVN regardless of the status of your original SIM card.
Important to Note:
- Limited Functionality: While the NIBSS BVN portal allows you to check your BVN, it doesn’t offer functionalities like updating your BVN information. For any changes to your BVN details, you’ll need to visit your bank branch.
- Security: Be cautious when accessing the NIBSS BVN portal. Ensure you’re visiting the official website (https://nibss-plc.com.ng/bank-verification-numberbvn/) and avoid any phishing attempts that might try to steal your information.
How To Check Bvn On Airtel Online
- Visit the NIBSS BVN Online Portal: Go to the NIBSS (Nigeria Inter-Bank Settlement System) BVN online portal at [(link unavailable)]((link unavailable)).
- Click on “BVN Inquiry”: On the portal’s homepage, click on the “BVN Inquiry” tab.
- Enter your NIN: Enter your 11-digit National Identification Number (NIN) in the required field.
- Enter your Date of Birth: Enter your date of birth as registered on your BVN record.
- Enter your Surname: Enter your surname as registered on your BVN record.
- Submit: Click the “Submit” button to proceed.
- Authentication: You may be required to authenticate your request through an OTP (One-Time Password) sent to your registered phone number or email address.
- View BVN Details: Once authenticated, you’ll be able to view your BVN details, including your name, date of birth, and BVN number.
- You must have a valid NIN number to use this service.
- Ensure you enter accurate information to avoid errors.
- If you encounter issues, contact NIBSS support or visit a nearby bank branch for assistance.