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About First Bank:
First Bank of Nigeria Limited is First Bank which is a financial services company and a multinational bank headquartered in Lagos, Nigeria. First Bank is the main bank in West Africa.
It operates as a parent company in Nigeria and also has subsidiaries (FBN Bank) in Guinea, Ghana, Republic of Congo, Senegal, Gambia, etc.
The bank acts as Nigeria’s principal pension custodian and is managed through First Pension Custodian of Nigeria Limited.
The bank has millions of customers and they are able to serve all their customers from a network of over 700 business locations across Africa.
Details about BVN:
Prior to the introduction of BVN, the Nigerian government had been struggling with ways or means to combat and prevent illegal and fraudulent transactions in the country.
The struggle continued until last February 2014 when the Central Bank of Nigeria cooperated with all Nigerian banks to introduce BVN.
This Bank Verification Number or BVN is a biometric identification system designed to prevent or minimize illegal banking transactions within the country. This BVN is an 11-digit number used by all banks in Nigeria to verify the identity of customers.
This means you can never open a bank account except one in Nigeria and if you already have one, the same BVN can be used to open multiple accounts in other banks.
Basically this BVN number is used as an ID for you in your banking system.
How do I use the BVN code as a user?
Normally you can check your BVN in GTB using the code and dial *565*0# for that. Now they will send the BVN to your phone. However, a twenty naira (N20) service charge will be deducted from your mobile phone account balance.
Can I change my BVN number?
The answer is no, you can never change your BVN number.
Can a BVN number be blocked?
If any account holder engages in fraudulent activities or fails to meet certain requirements, they may be “blacklisted” and their BVN may be deactivated.
This step is taken to prevent further malicious activity and to protect the interests of both the financial institution and its other customers.
Can I get my BVN number twice?
You have only one chance to get your BVN number, once you are registered, you can only correct the name, but the number remains the same as a unique identity for every customer to avoid identity theft.
Note:
I tell you that you are a conscious person here. And if you have any bank account here then you must be very careful.
If you don’t take any precautions then you are sure to be in danger. And that awareness is that you don’t share any kind of information given here with anyone.
Conclusion:
Hopefully today you have learned about a very important matter like First Bank Bvn Code through our article.
Although there are many articles published in the market about the activities of BVN, still we tell you, our article is different from others. We hope that through this article you have been able to get all the information and data you needed, thank you.
