How to Open a Wema Bank Account Without BVN: Wema Bank is the founder of Africa’s first totally digital bank, ALAT, and one of Nigeria’s most dependable banks. With decades of expertise in the financial industry, the bank has remained innovative in providing value to its stakeholders.
The publicly traded Nigerian company has effectively established a reputation of trust and durability that has earned the devotion of its consumers. The bank is always offering new products and services to meet the demands of its customers at all stages of their lives.
The Central Bank of Nigeria (CBN) created the Bank Verification Number (BVN), a biometric identification system that is one of the required documents for opening a bank account in Nigeria.
Some people may wonder whether it is feasible to open a Wema Bank account without a BVN or not. In this article, we will look at the steps and choices for opening a Wema Bank account without a BVN.
How to Open a Wema Bank Account Without BVN
The BVN is a unique identifying number associated with a person’s biometric data, such as fingerprints and facial features. It is a security measure that verifies bank customers’ identities and prevents fraud.
While most financial transactions in Nigeria require a BVN, there are several exceptions and alternatives for those who do not have one.
Requirements for Opening Wema Bank Account Without BVN
To open a Wema Bank account without a BVN, you must meet certain conditions and follow a set of steps. Here’s what you will usually 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
How to Open a Wema Bank Account Without BVN
After gathering the required documents and completing the account opening form, follow these steps to open a Wema Bank account without a BVN: The code to open a Wema Bank account without a BVN is *945#.
- Open the call app on your mobile phone
- Dial *945#.
- 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 Wema Bank account number will be sent to you via 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.
N.B.: If you open a Wema Bank account without a BVN and later decide to receive one, you can finish the registration process at a designated BVN enrollment facility (for example, a bank).
Once you have a BVN, you can link it to your current Wema Bank account to gain access to new services and remove some restrictions.
CONCLUSIONS
While most banking operations in Nigeria require a BVN, a Wema Bank account can be opened without one. You can open an account with Wema Bank by satisfying the mentioned conditions, submitting the required papers, and following the account opening process.
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