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[Solved] BVN Code: Top 100 Frequently Asked Questions About BVN in Nigeria  

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I have done in-depth research to bring to you top one hundred most asked questions about BVN code (Bank Verification Number) and their answers (BVN FAQs).

Thus, you can browse through to have all your questions about BVN (BVN online registration, Disadvantage of BVN, BVN Checker, BVN Code etc.) answered on Foskaay forum. The Central Bank of Nigeria through the Banker' Committee and in collaboration with all banks in Nigeria on February 14th, 2014, launched a centralized biometric identification system for the banking industry tagged Bank Verification Number (BVN).

So let us get started below. You can add to it too.

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(1) Can BVN be Done twice?

No, once done you can only update your BVN information via your bank.

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(2) Can BVN be hacked

No, BVN only contains verified information about you for banking and financially related use. Thus, it does not in itself get hacked.

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(3) Can BVN number be changed

No, It is permanent.

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(4) Can BVN be blocked

No, Account linked to it in a certain Bank can be blocked if you do against their banking terms but your BVN is a unique code identifying your data on BVN database. Thus, it does not get blocked. See the next question for more info.

 

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(5) Can BVN be Blacklisted?

Yes, if you get an instant loan in Nigeria without Collateral for example but play smart and refused to repay your loan. Then, the loan app company could report your BVN to Credit Bureau whom in turn Blacklist it to prevent other lending platforms to give you a loan in future if they checkup you BVN with them. It can also affect getting jobs and employment in the future. Thus, I will advise any platform that requests your BVN before granting you access should be treated with care to make sure you don't leave a bad reputation that could cause your BVN to be blacklisted.

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(6) Can BVN be used To Steal Money

No, your BVN does not directly give others access to your bank account to withdraw offline or spend your money online without your approval. Though it is advisable you don't give it out anyhow and when suspicious of anything relating to misuse of you BVN, report to your Bank(s) immediately.

 

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(7) Can BVN be Done Online

No, that will elude the trust as people can easily manipulate it thereby reducing the credibility and the reliability of it. Get in touch with your Bank for details.

 

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(8) Can BVN be used To transfer Money

No, BVN is different from you Bank transfer functions. Don't forget that one BVN code is unique and therefore same across all banks in Nigeria. Though, when you want to transfer via your bank involving huge some they may demand BVN just to verify the account.

 

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(9) Can BVN name be changed

No and Yes.

No, because you are not expected to be changing your name like changing cloth  🤣 and one of the credibility of BVN is to ensure your identity remains validatable by any third party that needs to without your interference.

Yes, due to things like marriage, name change etc. in such situation you will need to get some solid proof to back your claim that you are changing the name as requested by the BVN terms (Check on your Bank for details).

 

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(10) Can BVN date of birth be changed

No, It is illogical, what changes your date of birth (I guess nothing) but in case you have the wrong DOB on your BVN when first registered, then you can check with your bank to help update with the actual date of birth with proof (usually government-issued birth certificate might be requested).

 

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(11) Can BVN be updated

Yes, you can request to update the information coded in the BVN code but the code itself remains unique and same. 

 

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(12) When Did BVN start in Nigeria

BVN started in February 24th, 2014

 

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(13) Which year Did BVN start

BVN started officially in the year 2014 (February 14th)

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(14) Do BVN Online

Nope, check with your bank instead.

 

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