How to Open Keystone Bank Account Without BVN: Are you looking for how you can open Keystone Bank account without BVN (Bank Verification Number)? If yes, then you are on the right page!
Keystone Bank 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 Keystone Bank account without a BVN or not.
In this article, we’ll explore the steps and options for opening Keystone 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.
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Requirements for Opening Keystone Bank account Without BVN
To open Keystone 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 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 Keystone Bank account without BVN.
How to Open Keystone Bank Account Without BVN
Once you’ve gathered the necessary documents and completed the account opening form, follow these steps to create Keystone Bank account without a BVN:
The code to open Keystone Bank Account without BVN is *7111#.
- Open the call app on your mobile phone
- Dial *7111#
- Choose the option which is to open account
- Choose the option to open account without BVN
- Follow the On-screen command
- Once you are done, your Keystone Bank Account Number will be sent to you as SMS.
How to Open Keystone Bank Account Without BVN Using Keystone Mobile App
To open Keystone Bank Account Without BVN using Keystone Bank Mobile App, follow the steps below:
- Visit the Google Play Store to download the Keystone Bank mobile app
- Install and launch the app
- Click on sign up
- Click on Open account
- You will be asked if you have BVN or not and since you don’t have one, you know the option to choose
- Then, you will asked to enter your details like Full name, email address, etc.
- Once you are done, click on confirm
- And that is it. Your account number will be displayed on the screen.
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 Keystone 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 Keystone Bank account to access additional services and remove some limitations.
Frequently Asked Questions
How Do I Update My BVN on My Keystone Bank Account?
If you eventually get a BVN, updating it is a straightforward process. You can visit a Keystone Bank branch and fill out the required forms or sometimes update it via online banking.
Is It Safe to Use a Keystone Bank Account Without a BVN?
While it’s not inherently risky to use an account without a BVN, having one offers added layers of security and enables the bank to offer you more personalized services.
What Documents Do I Need to Open a Keystone Bank Account Without a BVN?
Typically, you’ll need a form of identification like a passport, driver’s license, or national ID. You’ll also need a utility bill and a passport-sized photo.
Can I Upgrade My Keystone Bank Account to Remove the BVN-less Limitations?
Yes, you can upgrade your account to enjoy higher transaction limits and other features. You’ll have to provide your BVN and other required documents to upgrade.
Can I Perform Online Transactions With My Keystone Bank Account Without a BVN?
You can perform some basic online transactions, but for higher transaction limits and to access a broader range of services, linking a BVN is advisable.
While having a BVN is a standard requirement for most banking transactions in Nigeria, it is possible to open Keystone 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 Keystone 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 Keystone 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.
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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.