You don’t have a bank account and wants to open your first bank account in Nigeria, but confused as to whether you can do such without a bvn. That is very much possible as I will show you how to open bank account online without bvn in Nigeria.
Before going further, there are things I would like you to know on opening a bank account in Nigeria without a bvn or bank verification number which is the full name.
They are as follows;
- You cannot open a bank account without a bvn in the bank, the bank will same time enroll you for a bvn.
- You can open bank account online without bvn by using your mobile phone only.
- This type of account is popularly called a level 1 or tier 1 savings account in Nigeria.
- This type of account is limited to N50k single deposit limit and a maximum operating balance.
- You cannot withdraw money from your account without a having a bvn linked to your bank account.
You cannot withdraw money from your bank account if you don’t have a bvn linked to your bank account as your account will be frozen, but you can deposit money into the account.
So in all bvn is very important as you cannot do without it as long as you have a bank account in Nigeria.
Now let’s jump in.
How to open bank account online without bvn in Nigeria
There are two ways which you can open a bank account without BVN in Nigeria, and they include; by using the bank ussd code and the mobile banking app.
I’m not going to explain all the processe of opening a bank account without a bank verification number in Nigeria, but I will explain how you can go about it using some banks as an example.
● You may want to read How to open access bank account online (Helpful tips)
I’m going to use fcmb bank for this tutorial, and I will also show you how you can go about this using the bank ussd code and not the mobile bank app.
Now let’s proceed.
How to open fcmb account without BVN
There are two ways which you can open fcmb account without using a bvn, and they include using the bank ussd code and using the bank mobile app.
USING THE USSD CODE
To open fcmb account without BVN, simply dial *329# and it will request that you should enter your national ID number, which is the nin number. Enter your national ID number, and next is to select to open account without a bvn.
Proceed with the follow up by simply using the on screen instructions and you will open an account with fcmb. After you have successfully created your account, the bank will send your account number to your phone.
Open fcmb account without BVN by using the bank mobile app
Get started by downloading and installing Fcmb mobile app on your mobile phone. Open the app tap on get started with an fcmb account, you will see two options which are ” I have an fcmb account” and ” I don’t have an fcmb account”.
As this post is all about open bank account online without bvn in Nigeria, and and also how to open fcmb account without BVN, you have to tap on i don’t have an fcmb account.
Select personal or business, let’s say personal and kindly tap on the link to open fcmb account without BVN. From there you should proceed using the on screen instructions.
Note: It came to my notice that opening a new fcmb account online using the mobile app requires the person to enter a bvn, as the older method is no longer available.
So you can use the ussd code to open fcmb account without BVN right from your mobile phone without internet connection.
Let me use another bank to explain how to open bank account online without bvn in Nigeria using gtbank as an example.
How to open gtbank account without BVN
To open gtbank account without BVN, using both the Gtbank ussd code and the mobile app works perfectly fine.
This is how to go about it;
USING THE Bank USSD CODE
Get started by dialing *737*0# , and you will be given three options, and they are;
- Open mobile wallet
- Open account with bvn details
- Open sub account
Since this post centers on how to open bank account online without bvn and for gtbank, you have to select the first option which is open mobile wallet.
Enter your first name, followed by your surname. If you have a middle name select yes and enter the name or select no if you don’t have a midlle name.
Select your gender and enter your date of birth. It will ask you whether to proceed with the account opening, select yes and that’s it, you’re done with the account opening. Gtbank will immediately send you your account number through sms.
How to open gtbank account without BVN via the bank mobile app
Get started by downloading and installing the Gtbank mobile app on your mobile phone. Open the application and you will where it is written open account just like on the picture below.
Tap on open account, and select the first option that states For Non-Gtbank Customer. You will see two options, open with documents and open without documents.
If you tap on open with documents, it requires that you have to enter your necessary information and also upload your picture along with a signature.
You can open a business account in this very category, and select your turnover amount, and mind you, bvn is optional also.
To open a gtbank account on phone without documents does not require the user to upload any picture or a signature, and you cannot open a business account in this category.
Do you go ahead and create your account, immediately you’re through with the process, the bank will send you your account number. So this is how to open bank account on phone in Nigeria and for gtbank using the bank ussd code and mobile app.
These are examples I’m showing on open bank account online without bvn in Nigeria. So what you have to do is to download and install the mobile app of your preferred bank, you will see where it states open an account and you should tap on the link.
Look closely on your screen to see where it states open account without BVN. If you see that, then you have to select the option and carefully enter all the necessary details and informations required from you.
As at this time of writing this post, it came to my notice that banks now prefer their customers to open an instant bank account using their mobile app as to compared to using the ussd code.
The like of access bank, zenith bank, etc now gives lots of problems trying to open new bank account using the ussd code. So if you want to open bank account online without bvn that should be by using the bank mobile app.
The disadvantages to open bank account online without bvn in Nigeria
The major disadvantage of opening a bank account in Nigeria without a bvn is the fact that the customer’s account will be debit frozen. That is to say that the customer can only receive funds or money into the account, but will not withdraw or make payment using the bank account.
That is to say that the customer’s account will be debit frozen until the customer enrolls for bvn, and afterwards link the bvn to it’s bank account.
A bank account opened by using a mobile phone is limited to N50k single deposit limit, and N300k maximum operating balance. If someone wants to send N55k to your bank account, it will never go as banks usually put the transaction on hold.
Also you can’t have N305k in your bank account cause it has exceeded the maximum operating balance required in this type of savings account.
However, if you have an ID, a passport and an utility bill like the Nepa or electricity bill, rent bill or any other bill showing your current home address, go to the bank and open a regular savings account in Nigeria.
If you have already created the account and pissed off with the cash limit, read how to upgrade your bank account in Nigeria.
All these i have for you on open bank account online without bvn in Nigeria, if you’re still confused anywhere on this post, I’m open to your question and suggestions.