How to Open Sterling Bank Account Without BVN

Do you want to open a Sterling Bank account but don’t have a Bank Verification Number (BVRN)? If yes, you’re in the right place!

Sterling Bank is a reputable financial company that provides its customers with a range of banking choices. Obtaining a Bank Verification Number (BVN), a biometric identification system created by the Central Bank of Nigeria (CBN), is a necessary requirement for opening a Nigerian bank account. It’s probable that some individuals are unsure about the necessity of a BVN in order to open a Sterling Bank account.

We’ll examine the procedures and options in this article for opening a Sterling Bank account without a BVN. Stay with me and keep yourself informed!

Importance of BVN (Bank Verification Number)

The biometric information of an individual, such as their fingerprints and facial features, is linked to their unique identification number, or BVN. This additional security precaution helps to both prevent fraud and verify the identification of bank clients. For those without a BVN, there are options and some exemptions from the need for the bulk of banking transactions in Nigeria.

Conditional Opening of a Sterling Bank Account Without BVN

You must fulfil specific prerequisites and follow a set of instructions in order to open a Sterling Bank account without a BVN.Specifically, you’ll need the following:

1. The proof you need is valid identity, like a National Identity Card, International Passport or Driver’s licence. These forms of identification help identify your identity when you don’t have an BVN.
2. Evidence of Address: Provide a utility bill, tenancy contract, or other official document that proves that you live in the same area. It is the standard procedure to open a bank account.
3. Recent Passport Photograph

Let’s go onto how to start an account at Sterling Bank without BVN.

How to Open Sterling Bank Account Without BVN

After you’ve collected the required documents and signed the form to open your account, Follow these steps to open a Sterling Bank account without a VBN

The code needed to open Sterling Bank Account without BVN is *822#.

1. Install the Call app for your phone
2. Dial *822#
3. Pick the option that will allow you to start an account.
4. Pick the option to create a new account with no BVN
5. Follow the screen prompts
6. After you have completed the process, you will receive your Sterling Bank Account number, which will be sent to you via text message.

How to Open Sterling Bank Account Without BVN Using Sterling Bank Mobile App

To open a Sterling Bank Account Without BVN, use the Sterling Bank Mobile App. Follow the following steps:

1. Check out on the Google Play Store to download the Sterling Bank mobile app
2. Launch the app and install it.
3. Click on sign up
4. Click Open Account to open your account.
5. It will ask you whether you’ve got a BVN or not, and if there is no BVN, You are given the opportunity to pick
6. After that, you’ll be have to fill in your information, including full Name, Email Address and so on.
7. When you’re finished, you are done. Just click confirm
8. Then that’s all there is to that. Your account number will appear on your screen.

Limitations of an Account Without BVN

It is important to be aware that a new account without an BVN might have limitations:

1. Limits for Transactions Accounts that do not have BVNs could be restricted in terms of transactions as compared to accounts with BVNs. That means that you could be subject to limits on the amount you are able to withdraw or transfer.
2. limited services: Certain banking products and features aren’t accessible to accounts that do not have BVNs. In particular, you may not be able to access online banking or the mobile banking app.
3. BVN Requirements in the future: Banks in Nigeria have been progressively imposing BVN specifications for various transactions. Even though you can create an account with no BVN, you could face limits when it comes to higher-end banking services or transactions.

Obtaining a BVN Later

If, after opening your first Sterling Bank account without a BVN, you wish to apply for one, you can complete the enrollment procedure by visiting a BVN centre that has been authorised (e.g., a bank). After obtaining the BVN, you can link it to your active Sterling Bank account to unlock more capabilities and remove some limitations.

Frequently Asked Questions

What Types of Accounts Can I Open Without a BVN?

With Sterling Bank, you can normally open a savings account or current account with no BVN. But know that the accounts have certain limitations, including lower withdrawal and deposit limits, up to the point that you’ve added your BVN.

Is It Safe to Open Sterling Bank Account Without a BVN?

If you open an account but don’t have a BVN, it can be done; however, it’s not as safe as having a verified account. Your BVN acts as additional protection and identification. It’s always good to add your BVN to your existing account whenever you’re able to increase the security of your account.

How Can I Link My BVN to My Sterling Bank Account Later?

The process of linking your BVN with the Sterling Bank account is a simple one. It is possible to visit the nearest Sterling Bank branch and fill out all the forms required. You can also make use of the mobile application or the online banking platform to connect your BVN and follow the directions. After linking, all limitations on your bank account will be removed.

Are There Any Charges for Opening an Account Without BVN?

Opening an account can be done for no cost; however, you might have to pay regular maintenance charges, and your transactions will be limited until you connect your account to an BVN.

Do I have the feature of upgrading my account to later include BVN?

Yes, you are able to change your login at any point to incorporate the BVN. After this upgrade, you will see that the limitations set previously to the account are removed and you will be able to enjoy all the benefits and features of an account that is fully functioning.

Conclusion

It is possible to open an account with Sterling Bank without a BVN, even though it is often required for bank transactions in Nigeria. You can open an account with Sterling Bank if you meet the requirements, send in the necessary paperwork, and finish the account opening process.

Keep in mind that accounts without BVNs may have limitations on the number of transactions they can do and the services they may access. It is advised to consider obtaining the BVN at some point soon in order to gain access to a greater range of banking perks and services, particularly when banking procedures alter.

For those who have not been issued a bank account number (BVN), opening an account with Sterling Bank without one provides an opportunity to begin their financial journey with a reliable bank.

If you have any questions about this post, please use the comment box to ask us. We’ll get back to you right away!