What is the meaning of BVN? This page is about the meaning and definition of BVN.
BVN stands for Bank Verification Number. The BVN is an 11 digit number that gives each bank customer a unique identity across the Nigerian Banking industry that can be used for easy identification and verification at Point of Banking operations.
BVN is a biometric identification system implemented by the Central Bank of Nigeria to reduce illegal banking transactions in Nigeria. BVN is a modern security measure in line with the Central Bank of Nigeria Act 1958 to reduce fraud in the banking system.