734 views; Posted on December 23, 2018
How to Check BVN
Do you know you can now check your bank verification number (BVN) on your mobile phones? Simply Dial *565*0# to check your Bank Verification Number "BVN" from your Mobile phones. It costs N20 only.
What is BVN
The BVN is an 11 digit number that acts as your universal ID in all banks in Nigeria. Think of it as a socio-security number but for the banking industry. It ensures you can engage in transactions at any Point of Banking operations.
Another way to think about the BVN is like a university matric number. When every student gets admitted into the tertiary institution, they get allocated a number. That number is your identification in the school’s system until the day you graduate. You may have an impressive name like Thomas Pink, but the school isn’t going to call you that. If for some reason you get allotted the numbers LAG/419/666, well too bad. To the system, you’re now Mr 419.
Bottom line: your BVN is your ID in the banking system.