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Nairaland Forum / Nairaland / General / Business / The Importance Of Bank Verification Number (BVN) (73512 Views)
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Re: The Importance Of Bank Verification Number (BVN) by Optimisticgondy(m): 10:58pm On Mar 15, 2015 |
USAutoBuy:I'm curios to get an answer for this cos I have some people outside the country where no Nigerian bank is situated. |
Re: The Importance Of Bank Verification Number (BVN) by engrhorla(m): 10:59pm On Mar 15, 2015 |
freshcvv:Yes! And may I say that this is a first in financial industry in d whole wide world! I pray we get it right. |
Re: The Importance Of Bank Verification Number (BVN) by engrhorla(m): 11:01pm On Mar 15, 2015 |
njideoby:Lol. Funny analysis. But I think change is d only thing d@ is permanent! Or what do u think, nne? |
Re: The Importance Of Bank Verification Number (BVN) by lonelydora: 11:01pm On Mar 15, 2015 |
I thought they said it's 666. |
Re: The Importance Of Bank Verification Number (BVN) by USAutoBuy(m): 11:02pm On Mar 15, 2015 |
To combat fraud, i hope they do more like the US. When you commit fraud at one bank, they will just notify the other banks thru your BVN number and other banks can close your account. That will be very good. all these yahoo yahoo boys will be kept at bay since you can only get one BVN number. In the US, you will be reported to CHECKSYSTEMS once you commit a fraud somewhere. No other bank will open an account for you AGAIN unless the original bank that puts the check system in place removes it. Kudos to the CBN for safer banking in Nigeria. |
Re: The Importance Of Bank Verification Number (BVN) by Nobody: 11:02pm On Mar 15, 2015 |
onatisi:are you sure about this. http://creditcardforum.com/blog/chip-and-pin-credit-cards-usa/ |
Re: The Importance Of Bank Verification Number (BVN) by Nobody: 11:03pm On Mar 15, 2015 |
siegfried99: Must one go to the originating branch of account opening for the BVN or one can do it in any branch? |
Re: The Importance Of Bank Verification Number (BVN) by IGWISE(m): 11:05pm On Mar 15, 2015 |
stepo707:You get it aftet 24 hours, by the way Which bank did you register with. |
Re: The Importance Of Bank Verification Number (BVN) by Maxcollins042(m): 11:05pm On Mar 15, 2015 |
Is one charged by a bank to get this BVN? |
Re: The Importance Of Bank Verification Number (BVN) by Chinatownm(m): 11:05pm On Mar 15, 2015 |
njideoby: dats wat I told Tinubu d last time we met in bourdillon. shaay u knw Whr I de talk abi. Yes I was dia last week. |
Re: The Importance Of Bank Verification Number (BVN) by siegfried99(m): 11:08pm On Mar 15, 2015 |
drlawizle: It's any branch sir |
Re: The Importance Of Bank Verification Number (BVN) by Chinatownm(m): 11:10pm On Mar 15, 2015 |
njideoby: dats d same tin I told Tinubu d last time we met in his houx, but he wouldn't listen. |
Re: The Importance Of Bank Verification Number (BVN) by amywonda: 11:19pm On Mar 15, 2015 |
H hedonistic: |
Re: The Importance Of Bank Verification Number (BVN) by Yommiefish(m): 11:21pm On Mar 15, 2015 |
Great and eye opening |
Re: The Importance Of Bank Verification Number (BVN) by amywonda: 11:22pm On Mar 15, 2015 |
U saxywale:true the new national identity card already has ur biometric on it, and it's possible to use ur print as the password once the infrastructure is in place |
Re: The Importance Of Bank Verification Number (BVN) by deolu2000(m): 11:38pm On Mar 15, 2015 |
saintfizzo:no,just walk into any of the banks you operate an account with then the biometric registration you did from one bank will serve for all other accounts.afteral your face and fingerprints doesnt change. |
Re: The Importance Of Bank Verification Number (BVN) by Malakh: 11:39pm On Mar 15, 2015 |
blackjack21: |
Re: The Importance Of Bank Verification Number (BVN) by Nobody: 11:44pm On Mar 15, 2015 |
Them still never tell us how we wey dey overseas go get our own oo. I can't spend almost $2500 on return ticket because of BVN oo. |
Re: The Importance Of Bank Verification Number (BVN) by chessguru(m): 11:45pm On Mar 15, 2015 |
https://www.nairaland.com/2156116/nigerians-living-abroad-travel-back#30882245 ALL YOU NEED TO KNOW ABOUT BVN |
Re: The Importance Of Bank Verification Number (BVN) by chessguru(m): 11:48pm On Mar 15, 2015 |
Amefrica:## https://www.nairaland.com/2156116/nigerians-living-abroad-travel-back#30882245 ALL YOU NEED TO KNOW ABOUT BVN |
Re: The Importance Of Bank Verification Number (BVN) by shaizegotswag: 12:06am On Mar 16, 2015 |
Please can it be done at any branch or it must be where we opened our account please help |
Re: The Importance Of Bank Verification Number (BVN) by InvertedHammer: 12:07am On Mar 16, 2015 |
/ The primary purpose of BVN has nothing to do with curtailing/eradicating fraud. \ |
Re: The Importance Of Bank Verification Number (BVN) by Nobody: 12:11am On Mar 16, 2015 |
chessguru: That's what I'm saying. They need to provide another way for us, it isn't fair on our part to travel all the way to Nigeria because of the BVN. 1 Like |
Re: The Importance Of Bank Verification Number (BVN) by Revolva(m): 3:18am On Mar 16, 2015 |
omo well its ok ave gotten myne |
Re: The Importance Of Bank Verification Number (BVN) by adonisNEW(m): 3:39am On Mar 16, 2015 |
Really sensitizing. Thanks op |
Re: The Importance Of Bank Verification Number (BVN) by NobleG1(m): 4:13am On Mar 16, 2015 |
I haven't read any legitimate reason for this so-called BVN, which is NOT fraud proof. How is it better than the conventional banking system (which is secure)? No other country on earth implemented this, including civilized nations. So why is Nigeria hell-bent on doing so? For the fact that Nigerians abroad must visit home to obtain this BVN, makes it unattainable, cumbersome, unprofessional and suspicious. The only reason I believe they're implementing this nonsense is solely to collect Biometric data of Nigerians. That's why they used bank to make it mandatory. |
Re: The Importance Of Bank Verification Number (BVN) by bennyzer(m): 4:47am On Mar 16, 2015 |
Make I rush go do my own. |
Re: The Importance Of Bank Verification Number (BVN) by datguru: 5:02am On Mar 16, 2015 |
onatisi: So what point are you trying to make now that is different from what I said ? Or you just feel like quoting me ? |
Re: The Importance Of Bank Verification Number (BVN) by USAutoBuy(m): 5:08am On Mar 16, 2015 |
NobleG1: BVN is a very good thing if you must know. While no system is 100% secure, the next best thing is to attain perfection as close as possible. In the States, you obtain your bank account with Social Security Number (Like a tax ID). I assume same in the UK. You can only obtain 1 Social security in a lifetime (i am not saying that there are no cases of fraud). But for 99% of the people its one per person. If you mess up your banking relationship, you wiull be reported to a general bank database and you wont be able to open another one. But in Nigeria, the BVN is better. It will get to a point that they will compare your fingerprint to the BVN before you can withdraw. If someone cash a check by fraud, the fingerprint can be matched with the database and he will be caught. Only the bank has the incentive and resources to combat fraud. At least in Nigeria. Long live BVN |
Re: The Importance Of Bank Verification Number (BVN) by jcflex(m): 5:31am On Mar 16, 2015 |
The book of REVELATION, gradually coming to reality. |
Re: The Importance Of Bank Verification Number (BVN) by MrMandilas: 5:39am On Mar 16, 2015 |
stepo707:It will take 24 banking hours. I registered on thursday 12th of march 2015 and got a text from my bank (Diamond) the next day. So i have my BVN now. |
Re: The Importance Of Bank Verification Number (BVN) by DaBullIT(m): 5:45am On Mar 16, 2015 |
SirChotas:Good Job, that covers it all kentochi:Yahoo guys or not , No one else can cash out from your bank account without banker's complicity meaning Inside Job, also instead of forcing BVN, how about removing corruption completely from banking systems and / or Investing in Banking system security Otherwise even if you cut your finger and keep it at the bank, as long as you access your bank account online, You are prone to getting hacked by hackers , not just yahoo boys |
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