As a First Bank customer, it is essential to ensure that your Bank Verification Number (BVN) is up-to-date and accurate. This unique 11-digit number serves as a form of identification that links all your bank accounts in Nigeria. The BVN is required to open a fully functional bank account. Thus, customers need to go through the process of BVN registration to link their BVN to their bank account.
Checking your BVN on First Bank's online platform is now easier than ever, and in this step-by-step guide, we will take you through the process. With the increasing importance of the BVN in accessing financial services, it is crucial to ensure that your BVN is correct and linked with all your accounts.
So, whether you are a new or existing First Bank customer, this guide will help you check your BVN online without leaving the comfort of your home or office.
What is BVN and Why Do You Need It?
The BVN is a revolutionary biometric identification system that links customers' bank accounts to their unique fingerprints. This technology is designed to ensure safer banking transactions and is used by Banks to identify their customers wherever they go. The BVN is a crucial feature that makes accessing banking services incredibly easy for customers.
Instead of having to remember numerous passwords and account details, all the customers need is their biometric information and the BVN to gain access to any service offered by the bank.
Why Do You Need BVN?
Here are some of the important reasons why the BVN is important:
1. Banking Information Security
With the BVN check, customers can be confident in the security of their banking information. The system captures the customers' biometric information, which is then linked to their bank accounts, making it virtually impossible for unauthorized access to occur.
With the security of customers' banking information, it will be difficult for fraudsters to make unauthorized transactions on the customers' accounts.
2. Verification of Creditworthiness
Banks need to check the creditworthiness of their customers before they can issue loans to them. Thus, customers will be required to present their BVN to check if they are eligible for a loan.
The verification of creditworthiness through BVN helps banks to avoid customers who have a history of unpaid loans from another bank. This is made possible because all the customers' bank accounts are linked by Centralized Bank Data to the BVN.
Verifying the BVN, therefore, enables the bank to see all the customers' banking information, including the customers' loan history.
3. Reduction in Banking Illegal Activities
Customers' fingerprints, facial recognition, and other bio-data are recorded in a biometric identification system and linked to all the customer's bank accounts. Therefore, the BVN makes illegal activities nearly impossible on customers' bank accounts.
The BVN technology ensures that customers enjoy safer banking transactions.
4. Easy KYC Verification
With BVN customers do not need to bother themselves with going through the rigorous physical KYC procedures. They can just make use of their fingerprint or facial recognition to transact business with their banks.
Related Article - How To Know If Your BVN is Blacklisted in Nigeria
How To Link Your BVN To Your First Bank Account
First Bank makes it easy to link your BVN to your First Bank account from the comfort of your own home, with just a dial of USSD from your mobile phone.
To link your BVN to your First Bank account via your phone, follow these steps:
- Use the mobile number that you used to open your First Bank account to dial this code: *894*BVN#
- Replace the "BVN" with your 11-digits BV number.
- For instance, let's say your BVN is 12345678910, then you dial *894*12345678910# on your phone.
- You will receive a confirmation SMS from First Bank that you have successfully linked your BVN to your First Bank account.
How to Check BVN on First Bank
First Bank customers can check their BVN by using different methods. These methods are very easy and fast to follow. Here are the different methods you can use to check your BVN with First Bank:
1. By Using the First Bank USSD code
The First Bank makes use of the *565*0# code for checking BVN. The USSD code is the general code used by all Banks in Nigeria to check BVN numbers. To use this code, you must dial it using the mobile number that you registered with your First Bank account.
The service is not free, a service charge of Twenty Naira (#20) will be deducted from your mobile number account balance. Therefore, you must ensure that you have a sufficient account balance on your mobile number to use the USSD code.
You will receive an SMS containing the BVN 11-digit number. Make sure that you save it for future use.
2. By Using FirstOnline
First Bank customers can check their BVN online via FirstOnline. This required that you log into the First Bank internet banking platform.
Input your User ID, then type and confirm your verification code. Click "Next" to access your Dashboard. Right on your Dashboard on the First Bank internet banking platform, you will see your BVN 11-digit number.
3. By Using FirstMobile
FirstMobile is the First Bank mobile application. You can download the FirstMobile on Playstore to your phone. You will need to register if you are using the FirstMobile app for the first time.
After the registration process, you will be able to use your Username and Password to open the app and access your Dashboard. You will see your BVN right on the Dashboard.
4. By Using Any of the First Bank Branch Offices
You can walk into any of the First Bank branches. Go to their Customer Care Desk. You will need to provide your account number and other registration details. After verifying your information you will be given your BVN.
By following the simple steps outlined above, you can quickly and easily access your BVN details, ensuring they are accurate and up-to-date. With the importance of BVN in Nigeria's banking sector, it is crucial to take the time to verify your information regularly.
FirstBank makes it easy to do so from the comfort of your own home, with just a few clicks of a button. By keeping your BVN details up-to-date, you can avoid any issues with identity verification and ensure that your banking experience with FirstBank remains both seamless and secure.
Final Thoughts
With the increasing use of BVN in accessing financial services, it is important to ensure that your BVN is accurate and linked to all your accounts. Checking your BVN online is now easier than ever, and with this guide, you can do it from the comfort of your home or office.
Whether you are a new customer or an existing one, take advantage of these easy and convenient methods to ensure that your BVN is up-to-date.
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