In today’s fast-paced world, people are always on the go with busy schedules. Therefore, accessing essential services like banking on the fly has become imperative. Thankfully, innovative solutions have emerged to fulfill this need seamlessly. In Nigeria, Guaranty Trust Bank (GTBank) has distinguished itself as a pioneer in the digital banking space through robust mobile … Read more
Modern banking has seen the rise of digital platforms that empower customers to fulfill their financial needs from anywhere. In Nigeria, banks like Access Bank have invested heavily in innovative mobile solutions. This guide provides a detailed overview of Access Bank’s mobile banking offerings – explaining both the USSD code and mobile app functionalities. Readers … Read more
With the growing popularity of saving in foreign currencies, more individuals and businesses are opting to open domiciliary or ‘domiciliary’ accounts in Nigeria to easily store funds in dollars, pounds, or euros. Properly managing these accounts requires regularly checking balances to keep track of finances over time. However, many are unsure of the ideal methods … Read more
Security tokens have become an important part of online banking, providing an extra layer of authentication beyond just usernames and passwords. In particular, GTBank issues both hardware and software tokens to customers for high-risk transactions. However, some customers may prefer switching from tokens to traditional PIN-based verification. This guide examines the process for changing from … Read more
Security tokens play an important role in online banking by providing an extra layer of authentication beyond just a username and password. In particular, GTBank issues both hardware and software tokens to their customers for securely completing high-risk transactions. However, does the token ever expire like other digital credentials? What are the implications of expiry … Read more
The Bank Verification Number, commonly known as the BVN, is an important part of Nigeria’s banking system. It serves as a means of verification and uniquely identifies each bank customer. With the increased use of BVNs in banking transactions, it’s natural to have questions about whether BVN details can be changed. In this detailed guide, … Read more
Having the correct name on your Bank Verification Number (BVN) is extremely important in Nigeria. The BVN is linked to all your bank accounts and used to verify transactions. However, there are times when you may need or want to change details on your BVN such as your name, date of birth or phone number. … Read more
The Bank Verification Number (BVN) system is the central identity verification mechanism implemented by the Central Bank of Nigeria. It plays a crucial role in ensuring financial integrity and security. However, due to unintentional errors, some BVN records may end up having incorrect name details. In such cases, name correction becomes necessary. This article provides … Read more
The Bank Verification Number (BVN) system was introduced in Nigeria in 2014 to strengthen the security and integrity of the banking sector. It serves as the primary tool for verifying customer identities across financial transactions. Along with biometric authentication, critical personal details like name, date of birth, phone number, etc. are linked to every individual’s … Read more
The Bank Verification Number (BVN) system plays a pivotal role in Nigeria’s banking landscape by facilitating financial inclusion and fostering transparency. Introduced in 2014 by the Central Bank of Nigeria (CBN), the BVN serves as a standardized identification method for bank customers. A unique 11-digit number along with biometric details is assigned to every individual … Read more