Open Fidelity Bank Account Without BVN in 2024

Fidelity Bank offers a range of banking services to its customers and is a reputable financial institution.

Typically, having a Bank Verification Number (BVN) is a requirement for opening a bank account in Nigeria, as mandated by the Central Bank of Nigeria (CBN).

However, there are ways to open an account at Fidelity Bank without a BVN. In this article, we will explore the different options and procedures to achieve this. Keep reading to stay informed!

Importance of BVN (Bank Verification Number)

The BVN serves as a distinct identification number linked to biometric data such as fingerprints and facial features. This enhanced security measure ensures the authenticity of bank clients and helps in deterring fraud.

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While the BVN is mandatory for most banking activities in Nigeria, there are certain cases where individuals without BVNs have alternative options available.

Requirements to open a Fidelity Bank account Without BVN

To open a Fidelity Bank account with no BVN, you’ll need to meet certain conditions and follow a series of guidelines. The following is what you’ll usually need:

1. You’ll require a valid form of identification, for example, a national identity card, an international passport, or a driver’s license. These documents help identify your identity even in the absence of an BVN.
2. Documentation of your address Offer a utility statement, tenant contract, or any other official document that proves your residence address. This is a common requirement to open a bank account.
3. Recent Passport Photograph

Okay, we’ll look at how you can open your Fidelity Bank account without BVN.

How to Open Fidelity Bank Account Without BVN

Once you’ve finished submitting the necessary paperwork and filling out the account opening form, you can easily open a Fidelity Bank account without a BVN by dialing *770#.

1. Install the call application on your mobile phone.
2. Dial *770#
3. Select opportunity 1 for instant banking
4. Choose feature 1 to create an account.
5. Select whether to open an account using BVN as well as without BVN I’m sure you’re aware of the desirable feature to make.
6. Please enter your full name.
7. Enter your telephone number.
8. Select the kind of account you want to open. Current or savings
9. Complete all the required fields in the correct order.
10. After you have completed the process, the Fidelity Bank account number will be sent to you by SMS.

Limitations of an Account Without BVN

It’s important to know that a new account created without a BVN could be subject to certain restrictions:

1. Limits on Transactions: Accounts without BVNs could have lower transaction limits when compared to accounts linked by BVN. You could face limitations on the amount that you can transfer or withdraw.
2. Limited Services Certain banking features and services might not be available to accounts that do not have BVNs. For instance, you might not be able to access online banking or utilize apps for banking on mobile devices.
3. BVN Requirements to be complied with in the future: Banks in Nigeria are increasingly enforcing requirements to obtain BVNs for various transactions. Although you are able to open a bank account without BVN, you might face restrictions when it comes to banking services that are more sophisticated or transactions.

Obtaining a BVN Later

If you didn’t have a BVN when you first opened your Fidelity Bank accounts, don’t worry! You can always apply for one later. Simply visit an approved BVN enrolling center, like a bank, and complete the registration process.

And if you already have a BVN, great news! You can easily link it to your existing Fidelity Bank account. By doing so, you’ll unlock additional services and say goodbye to certain restrictions. Enjoy the benefits!

How to open Fidelity Bank Account without BVN FAQs

Can I create an account at Fidelity Bank with no BVN?

Yes, you can open your own Fidelity account with a bank without BVN. However, the account you open will be subject to some limitations until you link it to your BVN.

Do I have the choice of opening an account with Fidelity Account Online?

Yes, you are able to start your Fidelity banking account through the Internet. Just visit their official Fidelity Bank online banking site to begin.

How do I open a Fidelity Bank account on my smartphone?

Like we’ve described in this post:

1. Call *770# from the mobile of your phone.
2. Select Choice 1 to get instant banking.
3. Select opportunity 1 again to “Open account.”
4. Select whether you want to open your account using BVN as well as without BVN.
5. Please enter your complete name.
6. Enter your telephone number.
7. Select which type of account you want to open, whether current or savings.
8. Complete all the required fields properly.
9. When you’re done, the Fidelity Bank account number will be emailed to you via SMS.

What’s the reason why I can’t have Fidelity confirm my identity?

If the identity verification endeavor failed, this means it’s because the data you supplied didn’t match the reliable sources we use to verify.

How much money can you take out from Fidelity ATMs in Nigeria?

Fidelity Bank has sent an email to its clients informing them of the fact that CBN has redesigned the daily limit for cash withdrawals at ATMs from N100,000 up to N20,000, effective January 23, 2024.

Conclusion

If you don’t have a BVN, don’t worry! You can still open a Fidelity Bank account in Nigeria. Just make sure you meet the necessary requirements, provide the required documents, and follow the account opening process. However, keep in mind that accounts without BVNs may have restrictions on transactions and available services. To fully enjoy the benefits and services of the evolving banking industry, it’s advisable to obtain a BVN in the future.

Opening a Fidelity Bank account without a BVN is a great opportunity for those who are new to banking and want to start their journey with a trusted financial institution. If you have any questions or concerns, feel free to leave a comment below, and we’ll get back to you promptly!