News

How To Link Your BVN, NIN To Your Bank Account

Spread the love

Contents

How To Link Your BVN, NIN To Your Bank Account

Basedonnews on the directives given by the Central Bank of Nigeria (CBN) urge Nigerians to link their National Identification Number (NIN) and Bank Verification Number (BVN) to their bank accounts in order to avoid having their accounts blocked. In this post, you will find what NIN and BVN means and the steps to link them to your bank account.

In a circular on December 1, 2023, Apex Bank directed that banks should place “Post no Debit” restrictions on all Tier 1 bank accounts without BVN.

“Post No Debit” is a term used to describe a restriction imposed by banks on specific accounts, preventing customers from making withdrawals, transfers, or any other debits from their accounts.

Tier 1 accounts are accounts that can be opened with a valid identity or proof of address.

CBN also stated that all the BVN or NIN attached to or associated with AL accounts/wallets must be electronically revalidated by January 31, 2024.

The bank said the directive was part of efforts to promote financial system stability and strengthen the Know Your Customer procedures in all financial institutions.

It was gathered that while some banks indicated February 29, 2024, as the deadline, some banks were silent about any deadline.

What is NIN?

The NIN is the National Identification Number which has 11 non-intelligible numbers randomly chosen and assigned to an individual after enrollment into the National Identity Database (NIDB).

What is BVN?

The BVN is the Bank Verification Number is a biometric technology with a secure unique identifier to analyze human characteristics as an enhanced form of authentication for real-time security processes.

How To Link Your BVN, NIN To Your Bank Account

To link your BVN or NIN to your bank account, you can use one of the following methods below:

Via SMS

Simply text BVN/NIN, your account number, and BVN/NIN number to the number/code provided by your service provider or bank.

Via Internet Banking

Log in to the Internet banking platform of your bank

Select the BVN/NIN, click on new request, enter your BVN/NIN

Select the bank where your BVN/NIN was issued, answer the secret questions, and follow the instructions.

Send an email request to your account officer.

Visit the nearest bank branch to you.

basedonnews

Share
Published by
basedonnews

Recent Posts

NYSC Batch C Stream 2 2024 | Online Registration Starting Date, Mobilization and Camp Date

NYSC Batch C Stream 2 2024 Update | Online Registration Starting Date, Mobilization and Camp…

1 month ago

Nigerian Army (NA) 88RRI Recruitment 2024/2025 Application Form Portal

Nigerian Army (NA) 88RRI Recruitment 2024/2025 Application Form Portal - Do you want to apply…

1 month ago

Chief Security Officer (CSO) at United Nigeria Airlines: How to Apply

Chief Security Officer (CSO) at United Nigeria Airlines: How to Apply: United Nigeria Airlines is…

3 months ago

Safety and Quality Manager at United Nigeria Airlines – Apply Here

Safety and Quality Manager at United Nigeria Airlines - Apply Here:  I am directed to…

3 months ago

NYSC Corps Members Allowance – DG Gives Assurance of Stipend Hike

NYSC Corps Members Allowance - DG Gives Assurance of Stipend Hike This article is directed…

3 months ago

How To Check If Your FG Loan Application Status Is Verified

How To Check If Your FG Loan Application Status Is Verified: As the Federal Government…

3 months ago