The Bank Verification Number (BVN) initiative is a centralized biometric identification system for each Nigerian banking customer. It’s an identification process that uniquely verifies each banking customer’s status in Nigerian central banking database. This is a mandatory requirement for any Nigerian that has a bank account. Customers who fail to complete their BVN registration would be unable to complete banking transactions because they do not exist in the Central database. Your Know Your Customer’ (KYC) process is incomplete without finalizing your BVN registration.
The BVN is the safest way to ensure cashless banking succeeds because it address issues of identity theft and reduces exposure to online fraud. To secure your bank accounts and enroll for your BVN
Walk into any of our branches nearest to your location and enroll for/or update your BVN.
What you need to know about BVN
- You’ll get a unique ID number once you have registered. This number will be linked to all your accounts with Union Bank and other banks,
- Individuals will be required to show a valid ID card before they can be enrolled.
- If you fail to register or update your BVN details, you may no longer be able to access your accounts.
- Your facial image and finger prints will be captured during registration.