In Nigeria, the Bank Verification Number (BVN) is a unique identifier that is linked to every bank account holder’s biometric data.
It is an essential requirement for all bank customers in the country to complete their KYC (Know Your Customer) verification. MTN Nigeria, one of the leading telecommunications companies in the country, has made it easier for its customers to check their BVN through their mobile phones.
In this article, we will guide you on how to check your BVN on MTN using a USSD code. We will also provide you with other essential information about the BVN. So, if you are an MTN customer and you need to check your BVN, keep reading to learn how to do it in a few simple steps.
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What Is BVN?
BVN stands for Bank Verification Number. It is a unique 11-digit number that is assigned to every bank account holder in Nigeria.
The BVN serves as a means of identification and verification of a customer’s identity in the banking system. It is linked to the biometric data of the account holder, making it a secure and reliable means of identification.
The BVN is now a mandatory requirement for all bank account holders in Nigeria, and it is used for various banking transactions, such as account opening, fund transfers, and loan applications.
How to check BVN on MTN
To check your BVN on MTN, follow these simple steps:
- Dial *565*0# on your MTN line.
- Wait for a few seconds, and an eleven (11) digit will be displayed on your phone screen.
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Note that you will need to use the MTN number linked to your bank account to check your BVN. Also, you will be charged a small fee of ₦20 for using the service.
This means that you must pay ₦20 Naira each time you use the code to check your BVN. However, you can copy the 11-digit number and store it somewhere to later retrieve it in order to avoid paying ₦20 fee.
In Conclusion
Checking your BVN on MTN is a straightforward process that can be done in a few simple steps. With the USSD code *565*0#, MTN customers in Nigeria can quickly obtain their BVN without the need to visit their bank or use other complicated means.
It is important to note that the BVN is a vital requirement for all bank account holders in Nigeria and plays a significant role in ensuring the security and integrity of the banking system. Therefore, it is essential to keep your BVN safe and secure to avoid falling victim to fraudulent activities.