GTB, Access, UBA, Others Send Strong Messages to Customers on Bank Account Update, Give Deadline
GTB, Access, UBA, Others Send Strong Messages to Customers on Bank Account Update, Give Deadline
Bank account Update: It has been requested of bank customers to update their bank account details with their NIN and BVN.
If account information is not updated, clients might not be able to complete transactions.
Banks have made it possible for clients to update their information online and off.
Customers of Nigerian banks have been informed that they must update their bank account details with their National Identity Number (NIN) and Bank Verification Number (BVN) by Friday, March 1, 2024.
The Central Bank of Nigeria’s recent directive, dated December 1, 2023, prompted the banks to take this action, they stated.
Customers are required to link their bank accounts with their NIN and BVN, as the CBN explicitly mentioned in the circular.
A section of the circular says:
Individuals must have a BVN and/or NIN to access any Tier-1 bank account or wallet.
Individual accounts must still have a BVN and NIN to be used with wallets and Tiers 2 and 3.
Customers of banks are asked to comply.
The banks cautioned clients that if they do not supply the necessary data, they may not be able to complete transactions.
Notable financial institutions that have distributed these messages include Access Bank, United Bank for Africa, Ecobank, and Guaranty Trust Bank.
The message from EcoBank reads:
“Dear valued customer, please be advised that as of March 1, 2024, any accounts that do not have a Bank Verification Number (BVN) or a National Identity Number (NIN) would not be permitted to conduct transactions, according to a December 1, 2023, circular from the Central Bank of Nigeria (CBN).
As a result, if you haven’t already, you will need to update your account information with your Bank Verification Number (BVN) and National Identification Number (NIN).
The customer update URL is https://customerupdate.ecobank.com/ciu/login. Please click on it.
“Enter your account information, Mark the box next to terms and conditions. You will receive an OTP at the email address you registered. Enter OTP and hit Send. Select Request. Upload a copy of your NIN document and choose either statutory ID or identification update. Check the box for acceptance and send it in.
Customers of GTbank received a similar message:
We would like to notify you, Dear Valued Customer, that it is necessary to link your National Identity Number (NIN) and Bank Verification Number (BVN) to your individual GTBank Account.
“Using any of the following channels, you can easily link your BVN and NIN to your account:
“Dial 73720*BVN# from the mobile number you have registered to link your BVN or Visit our website www.gtbank.com via the self-service portal to link your BVN and NIN or Visit the nearest GTBank office to link your BVN and NIN with your account.”
CBN takes action to safeguard bank clients.
According to Legit.ng, Nigerian financial institutions have been directed by the CBN to use their corporate names on all online business platforms, including mobile apps, websites, and portals.
International money transfer companies, banks, and payment service providers are all impacted by the directive. The decision was issued by the CBN and signed by its director of financial policy and regulation, Haruna Mustafa.
