The Great, Big BVN Question
What happens when you ‘give’ us your Bank Verification Number?
All over the world, people get impersonated every day. Sometimes it’s a harmless prank, but most times it’s something that ends in tears: fraud.
But what does this have to do with your Bank Verification Number (BVN)?
Well, everything. We’ll explain.
Your BVN, that string of 11 numbers you can’t seem to cram, is a code attached to your personal details — your name, fingerprint, date of birth and a photo of your face.
The Central Bank of Nigeria uses those details to protect your identity from people who may want to pretend they’re you so they can steal your money or steal other people’s money in your name.
So, when we ask for your BVN, we’re:
1. Following the Central Bank’s orders. Disobedience is not an option in this case.
2. Making sure you are who you say you are.
When you ‘give’ us your BVN, all we do is run a check on the general BVN registry to make sure the number you typed in is correct and yours.
We cannot and we will not use your BVN to move money from any of your bank accounts. We also won’t share your BVN with anyone.
Confirming your BVN helps us protect your identity and keep your money safe, and there’s nothing better than sleeping well every night because you know someone’s looking out for you.
Do you feel safer already? You should. We have your back. 💜
