3 Easy Ways To Link NIN And BVN To Your Bank Account

3 Easy Ways To Link NIN And BVN To Your Bank Account

Three easy ways to link your Bank Verification Number (BVN) and National Identification Number (NIN) to your bank account:

The Central Bank of Nigeria (CBN) has directed all bank customers to link their Bank Verification Number (BVN) and National Identification Number (NIN) to their bank account(s).

The NIN is a combination of 11 non-intelligible numbers that are randomly selected and assigned to an individual following their completion of enrollment into the National Identity Database (NIDB).

The BVN is a biometric technology that uses a secure unique identifier to analyze human characteristics as an enhanced form of authentication for real-time security processes.

According to what The Nation has learned, certain banks have started limiting access to bank accounts that aren’t associated with NINs, per CBN directives.

The apex bank instructed banks to impose limitations on all Tier 1 bank accounts lacking BVN in a circular that was issued on December 1st, 2023.

Only tier 1 accounts are allowed to choose between BVN and/or NIN, however, tier 2 and 3 accounts and wallets are required by CBN directive to be associated with both BVN and NIN.

Accounts classified as Tier 1 can be opened with a legitimate identity or proof of address.

The following are ways to connect your bank account to your BVN or NIN:

Through SMS

All you have to do is text BVN/NIN, your account number, and BVN/NIN to the code or number that your bank or service provider has provided. ( We will bring more details about this problem in next article).

Using Internet Banking

To use online banking to connect your bank account to your NIN and BVN, follow these steps:

Open the internet banking app from your bank.

Choose the BVN/NIN choice.

Select “New Request.”

Put in your NIN or BVN.

Choose the bank that issued your BVN or NIN.

Respond to the hidden inquiries.

Observe the guidelines.

Email Inquiry

Request something via email to your account officer.

Here is a step-by-step tutorial for PalmPay users on how to take advantage of these new features:

Open the PalmPay app on your smartphone to access your app.

Go to Profile and Settings. Find the app’s “Profile” or “Settings” section.

Locate the KYC (Know Your Customer) or Verification area to access it.

Add NIN/BVN: To easily enter your NIN and BVN information, simply follow the instructions.

Fulfill Any Further KYC Steps: To finish the KYC procedure, submit any additional documents or information as requested.

Submit for Verification: After entering the necessary information, send the data in for confirmation.

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