12 things you need to know about BVN

Bank Verification Number, BVN, is a CBN
initiative to check fraud in the banking system
by giving every customer in the Nigerian
banking system a unique identification number
that can be verified across all banks in Nigeria.
below are 12 things You Need To Know About the
bank verification Number which in past week
has caused a huge congestion in our banks
Nationwide
Things You Need To Know About BVN
1.Your BVN gives you a unique identity that can
be verified across ALL Nigerian Banks (it is not
peculiar to one Bank)
2.Your Bank Accounts are protected from
unauthorized access
3.It reduces fraudulent activities on bank
accounts
4.Gives easy access to Banking operations
5.Your BVN is accepted as a means of
identification across ALL Nigerian Banks
6.Registration in one bank covers all accounts
the individual might have in all other banks
7.The deadline for registration is Tuesday,
30th June, 2015.
8. A small temporary registration
acknowledgement slip will be issued to you,
followed by an email or SMS conveying a similar
information.
9.A BVN identification card with a computer
chip bearing your embedded personal
information will be issued to you for collection
at your designated bank branch.
10.BVN registration is for individual account
holders for the meantime till further notice.
11.Registration in one bank covers all accounts
the individual might have in all other banks.
12. Its free