As a First Bank customer, you must make sure your Bank Verification Number (BVN) is correct and current. This distinct 11-digit number connects all of your Nigerian bank accounts and acts as a means of identification. You can’t open a fully functional bank account without the BVN. Therefore, to connect their BVN to their bank account, consumers must go through the BVN registration process.
In this tutorial, we’ll walk you through the process of checking your BVN on First Bank’s online platform. It’s now easier than ever. It is essential to ensure that your BVN is accurate and connected to all of your accounts because the BVN is becoming increasingly important for obtaining financial services.
Therefore, this article will assist you in checking your BVN on First Bank online without having to leave the comforts of your home or workplace, regardless of whether you are a new or current First Bank customer.
Contents
Why Do You Need BVN, and What Does It Mean?
The BVN is a cutting-edge biometric identity system that connects users’ unique fingerprints to their bank accounts. Banks use this technology to identify their clients wherever they travel and to ensure safer financial transactions. The BVN is a key component that greatly simplifies clients’ access to banking services.
Customers need to remember their BVN and biometric information to access any service the bank provides, rather than remembering several passwords and account data.
Why Is BVN Necessary?
The BVN is significant for the following reasons, among many others:
1. Security of Banking Information
Customers may trust that their financial information is secure with the BVN check. The system collects customers’ biometric data and connects it to their bank accounts, making illicit access nearly impossible. Because customers’ banking information is secure, it will be harder for criminals to access their accounts and conduct unlawful activities.
2. Creditworthiness Verification
Before lending money to a consumer, banks must verify that person’s creditworthiness. Customers will thus need to confirm their eligibility for a loan by presenting their BVN.
By using BVN to verify creditworthiness, banks may avoid clients with a history of defaulting on loans from another bank. All the clients’ bank accounts are connected to the BVN using Centralized Bank Data, which makes this feasible. Therefore, the bank may view all the customer’s financial data, including their loan history, by verifying the BVN.
3. A decrease in illicit banking activities
A biometric identification system stores a customer’s fingerprints, face recognition, and other biometric information connected to all of their bank accounts. As such, the BVN virtually eliminates the possibility of engaging in illicit activity on clients’ bank accounts. The use of BVN technology guarantees safer financial transactions for clients.
4. Simple KYC Verification
Customers must not endure the demanding physical KYC requirements while using BVN. They only need to utilize their fingerprint or face recognition technology to conduct business with their banks.
How to Connect Your Initial Bank Account To Your BVN
With a USSD dial from your mobile phone, First Bank lets you conveniently link your BVN to your First Bank account from home.
Use your phone to connect your BVN to your First Bank account by doing the following:
- Dial *894*BVN# using the cell number you used to register for your First Bank account.
- Substitute your 11-digit BV number for the “BVN”.
- For example, if your phone number is *894*12345678910#, you may dial *894*12345678910#.
- First Bank will send you an SMS confirming that your BVN and First Bank account have been successfully connected.
How to Use First Bank to Check BVN
First, bank clients have a variety of ways to verify their BVN. These techniques are really simple and quick to use. The following are several ways you may ascertain your BVN with the First Bank:
1. By using the USSD code for First Bank
First Bank uses the *565*0# code to check BVN. All banks in Nigeria utilize the USSD code as a generic method to verify BVN numbers. You must call this code using the cellphone number you registered with your First Bank account to utilize it.
The Twenty Naira (#20) service charge will be subtracted from the balance on your cell number; this service is not free. Thus, to use the USSD code, you must be sure that you have enough money in your cell number account. An SMS with the 11-digit BVN number will be sent to you. Ensure that it is saved for later use.
2. Through FirstOnline
First Bank customers may use FirstOnline to check their BVN online. It would be best to connect to the First Bank online banking interface to do this. Please enter your User ID, then input your verification code and make sure it is correct. To view your dashboard, click “Next. ” The First Bank online banking interface will display your 11-digit BVN number directly on your dashboard.
3. Through FirstMobile
The First Bank mobile app is called FirstMobile. FirstMobile is available for download on the Play Store for your phone. You must register if this is your first time using the first mobile app. Following the registration procedure, you may access your Dashboard by opening the app and entering your username and password. Your BVN will be shown directly on the Dashboard.
4. Through Any of the Initial Bank Branch Locations
Any First Bank location is open for walk-ins. Visit the Customer Service Desk there. Your account number and other registration information will be required. You will receive your BVN once your information has been verified.
You may quickly retrieve your BVN data and ensure it is correct and up to date by following the easy procedures mentioned above. Given the significance of BVN in Nigeria’s banking industry, you must take the time to verify your information.
With just a few button clicks, FirstBank makes it simple to do so from the comfort of your home. You can prevent identity verification problems and ensure that your FirstBank banking experience is safe and easy by keeping your BVN information current.
Conclusion
Since BVN is being used more frequently to obtain financial services, ensuring it’s accurate and connected to each account is critical. With this instruction, checking your BVN online is now more convenient than ever, and you can do it from the comfort of your home or place of business.
Use these simple and practical ways to ensure your BVN is current, whether you are a new or existing client.
