BVN ie. Bank Verification Number is that set of numbers, which serve as a unique identity for each bank customer across Nigerian financial institutions.
The Verification Number for each customer is tied to their captured biometric details – in this case; finger prints, signature and photograph and linked to their account.
The BVN is unique to customers across the banking system and as such, a customer with more than one bank accounts in different banks only needs to do his/her BVN registration in one of the banks and then ensure that the Bank Verification Number gotten be taken to other banks where he/she has accounts for linkage.
Have you got your BVN? Do you have account with other banks? Have you gone to these other banks to submit your BVN for linkage with the accounts you have there? Answer these questions quickly and do the needful, because the deadline given by the CBN for this exercise is 31st of October (i.e. the last day of this month).
BVN promises added security on customers account and it reduced fraud within the banking system too. It also promises to reduce the time in which a customer's financial transactions are processed... "Na so them talk o".
Failure to do your BVN or get the one you have got linked to your other accounts in other banks after the 31st October deadline, customers may (will) be restricted from transacting on their account. Don't be caught unawares... spread the message; Me I don do my own o.
Alright gata go now.