How to Open a First Bank Account Without BVN: Are you looking for how you can open a First Bank account without BVN (Bank Verification Number)? If yes, then you are on the right page!
First Bank of Nigeria is a trusted financial institution that offers various banking services to its customers. One of the essential requirements for opening a bank account in Nigeria is the Bank Verification Number (BVN), a biometric identification system introduced by the Central Bank of Nigeria (CBN).
However, some individuals might wonder if it’s possible to open a First Bank account without a BVN or not.
In this article, we’ll explore the steps and options for opening a First Bank account without a BVN. So, stay with me and keep up!
Importance of BVN (Bank Verification Number)
The BVN is a unique identification number linked to an individual’s biometric data, such as fingerprints and facial features. It serves as a security measure to verify the identity of bank customers and prevent fraud.
While the BVN is a mandatory requirement for most banking transactions in Nigeria, there are exceptions and alternatives for those without BVNs.
Requirements for Opening a First Bank Account Without BVN
To open a First Bank account without a BVN, you’ll need to meet specific requirements and follow a set of procedures. Here’s what you’ll typically need:
- You’ll need a valid proof of identification, such as a National Identity Card, International Passport, or Driver’s License. These documents help establish your identity in the absence of a BVN.
- Proof of Address: Provide a utility bill, tenancy agreement, or any official document that confirms your residential address. This is a standard requirement for account opening.
- Recent Passport Photograph
Okay, now let’s move on to how you can open a First Bank account without BVN.
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How to Open a First Bank Account Without BVN
Once you’ve gathered the necessary documents and completed the account opening form, follow these steps to open a First Bank account without a BVN:
The code to open First Bank Account without BVN is *894#.
- Open the call app on your mobile phone
- Dial *894#
- Choose option 2 which is to open account
- Choose option 2 to open account without BVN
- Next, create a 5-digit PIN
- In a few seconds, your First Bank Account Number will be sent to you as sms.
Limitations of an Account Without BVN
It’s important to note that an account opened without a BVN may have certain limitations:
- Transaction Limits: Accounts without BVNs may have lower transaction limits compared to BVN-linked accounts. This means you might face restrictions on the amount you can withdraw or transfer.
- Limited Services: Some banking services and features may not be accessible to accounts without BVNs. For example, you may not be able to access online banking or use mobile banking apps.
- BVN Requirement in the Future: Banks in Nigeria are increasingly enforcing BVN requirements for various transactions. While you can open an account without a BVN, you may encounter limitations when it comes to more advanced banking services or transactions.
Obtaining a BVN Later
If you initially open a First Bank account without a BVN and later decide to obtain one, you can visit a designated BVN enrollment center to complete the registration process (e.g Bank).
Once you have a BVN, you can link it to your existing First Bank account to access additional services and remove some limitations.
Frequently Aksed Questions
How to open First Bank account without BVN using ussd code?
To open an account via this means, dial *894# then select ‘open an account’ to provide the information required, or simply dial *894*0#.
How do I open a First Bank account with my phone?
You can open a First Instant Account via any of the following means:
- Dialing *894*0#
- Downloading the FirstMobile App.
- Visiting the nearest Firstmonie Agent.
- FirstBank ATM (applicable only to non-account holders using the Bank’s ATM)
- Visiting the closest FirstBank Branch.
- Download the Individual Account Opening Form.
How do I get my BVN for the first time?
Registering for your BVN is a pretty simple and straightforward process. Follow the steps below to successfully register: Visit your bank with a valid ID card (voter’s card, driver’s license, national ID) and request a BVN enrollment form.
Fill out the form and capture your biometrics; fingerprints and photograph.
What are the requirements to open an account with First Bank?
- Valid means of identification (national ID, international passport, driver’s license)
- Utility Bill (electricity bill, water rate bill, tenement rate, rent receipt).
- Two passport size photographs.
While having a BVN is a standard requirement for most banking transactions in Nigeria, it is possible to open a First Bank account without one.
By meeting the specified requirements, providing the necessary documents, and following the account opening process, you can establish an account with First Bank.
Keep in mind that accounts without BVNs may have limitations on transaction amounts and available services.
As banking practices evolve, it’s advisable to consider obtaining a BVN in the future to access a broader range of banking services and benefits.
Opening a First Bank account without a BVN provides an opportunity for individuals who have not yet obtained this identification number to start their banking journey with a trusted financial institution.
If you have any questions regarding this post simply leave us a comment in the comment box below and we will get back to you as soon as possible!
My name is Tiamiyu Abdulbazeet Olawale, the CEO of TechSpike.com.ng. He is a graduate of Electrical and Electronics Engineering at the University of Ilorin.