Your Bank Verification Number (BVN) is an important identity verification tool for conducting seamless banking transactions in Nigeria. Along with your name and date of birth, your contact phone number is also stored within your BVN profile. It is quite possible that over time, your phone number may change due to various life events like … Read more
Banking in Nigeria is governed by regulatory standards set by the Central Bank of Nigeria (CBN). One of the key requirements is having a Bank Verification Number (BVN) linked to every bank account. The BVN serves as a unique identifier for customers and aids financial inclusion. However, there are still many Nigerians who have bank … Read more
Your Bank Verification Number (BVN) is one of the most important identity documents you have in Nigeria’s banking system. It ties all your bank accounts together and acts as proof of your identity when conducting banking transactions. Therefore, it is very important that the details linked to your BVN, especially your date of birth, are … Read more
One of the most common questions asked is whether it’s possible to enroll for a Bank Verification Number (BVN) without physically visiting a bank. While the concept seems convenient, there are certain realities to consider. Let’s examine the process of BVN creation and various associated aspects in detail. What is BVN? A Bank Verification Number … Read more
One of the key changes that customers request banks to make is updating their name on the Bank Verification Number (BVN) records. However, confirming if such an update was reflected can be tricky. Let’s look into various ways to verify if your BVN name has indeed been altered. BVN Overview For context, the BVN system … Read more
One of the most frequently asked questions related to banking in Nigeria is regarding blocking one’s existing Bank Verification Number (BVN) and opening a new one. While this seems like an easy solution to problems, the reality is quite different. Let’s examine this issue in depth. What is a BVN? A Bank Verification Number or … Read more
Defaulting on loans from digital lenders seems to attract an unusual amount of nuisance, insults, and coercion from their recovery agents in Nigeria. In this detailed guide, we explore practical steps to protect oneself from such unethical harassment practices. Why Do Loan Apps Harass Debtors? While loan recovery is valid, the methods employed leave much … Read more
Loan apps have become quite popular in Nigeria as sources of quick loans for many. However, their practices have also received criticism due to privacy invasion and harassment of defaulters. A commonly asked question is regarding blocking one’s Bank Verification Number (BVN) from these lending platforms. In this detailed blog post, we explore this issue … Read more
Having the correct personal details linked to your Bank Verification Number (BVN) is important. What happens if there is a change in your name status due to marriage or other reasons? In this blog post, we will extensively explain how you can go about changing your BVN name in Nigeria. This is a frequently asked … Read more
Opening a bank account is one of the essential financial activities that every adult in Nigeria should carry out. It allows you to safely store your money, conduct banking transactions digitally, receive funds from relatives abroad, and more. However, having a Bank Verification Number (BVN) linked to your account is now compulsory according to Central … Read more