Discover 4 simple methods to link your NIN BVN to your bank account seamlessly. From SMS to internet banking, find the best way to update your information hassle-free.
The Central Bank of Nigeria (CBN) has rolled out a mandatory requirement for Tier-1 bank account holders, necessitating the linking of their National Identification Number (NIN) and/or Bank Verification Number (BVN) for full access to their accounts or wallets. Let’s dive into what you need to know about this and how to get it done.
What is BVN?
BVN, or Bank Verification Number, is a unique identifier used to track individual financial records. If you don’t have one yet, you can easily obtain it from any bank.
What is NIN?
The National Identification Number (NIN) is an 11-digit unique identifier assigned to every individual in Nigeria. It’s essential for various purposes, including accessing banking services and more.
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In a circular dated December 1, 2023, the CBN outlined that having BVN and/or NIN is now mandatory for all Tier-1 bank accounts and wallets for individuals. This requirement extends to Tiers 2 & 3 accounts and wallets for individuals as well.
Existing customers without BVN or NIN are immediately placed on “Post No Debit or Credit,” meaning they can’t make withdrawals, transfers, or any other transactions. The circular reads:
“For ALL existing Tier1 accounts/wallets without BVN or NIN:
Unfunded accounts/wallets will be placed on ‘Post No Debit or Credit’ until the new process is completed. Funded accounts or wallets will face the same restrictions starting March 1, 2024.” Now, let’s discuss how you can link your NIN and/or BVN directly to your bank account.
What is Tier 1 accounts?
Tier 1 accounts are those that can be opened with a valid form of identification or proof of address.
Prerequisites:
Before getting started, ensure you have your BVN and/or NIN ready. If you haven’t got them yet, we’ll guide you through the process to avoid any disruptions to your account functionality.
How to get your NIN:
- Visit NIMC enrolment centres to register for your NIN.
- If you’ve registered before but can’t recall your NIN, simply dial *346# on your phone.
Read Also:
- How to check BVN with USSD code for MTN, Glo, Airtel, 9mobile
- All Banks USSD Codes For Mobile Money Transfers in Nigeria
- How to Block or Deactivate Bank USSD Code in Nigeria (2024)
4 simple steps to link your NIN, BVN to your bank account
1. Via SMS:
Simply send a text message containing your BVN/NIN, your account number, and the BVN/NIN number to the designated number or code provided by your service provider or bank. Different banks have unique USSD codes for linking NIN/BVN.
For example:
GTBank: Dial *737*20*BVN# from your registered mobile number.
FCMB: Dial *329#, select self-service, then select link BVN.
2. Via internet banking:
Log in to your bank’s internet banking platform. Navigate to the BVN/NIN option and select it. Click on “new request” and input your BVN/NIN details. Choose the bank where your BVN/NIN was issued, respond to any secret questions prompted, and then follow the provided instructions.
3. Via email request:
Send an email request to your designated account officer, requesting assistance with linking your BVN/NIN to your account.
4. Visit your bank:
Head to your nearest bank branch for more detailed information and assistance with the update process.
Ensure you have your bank account details, NIN slip, and/or BVN ready. Approach customer service at your nearest bank branch. Complete a NIN linkage form or provide your NIN and/or BVN along with other identification details. Your bank will verify the information and documents provided. Once verified, request confirmation that your NIN and/or BVN have been successfully linked to your account.
Conclusion:
The CBN’s directive mandates Tier-1 bank account holders to link their NIN and/or BVN for seamless account operation. Failure to comply results in restrictions on account functionality. To avoid disruptions, use any of the methods mentioned above to link your NIN and/or BVN to your bank account. Stay informed and keep your banking details up to date!