Steps to Open Wema Bank Account Without BVN

Are you trying to find out how to create a Wema Bank account without a Bank Verification Number, or BVRN? If the answer is yes, you’re in the right place!

Wema Bank is a reputable financial company that provides its customers with a range of banking choices.

Having the Bank Verification Number (BVN), a biometric-based identification system designed by the Central Bank of Nigeria (CBN), is one of the primary requirements for opening a bank account in Nigeria.

However, some individuals may believe that a BVN is required in order to open a Wema Bank account.

In this post, we’ll examine options and methods for creating a Wema Bank account without a BVN. Continue reading and pay attention!

Importance of BVN (Bank Verification Number)

The BVN is a distinct identifying number that is connected to a person’s biometric data, such as fingerprints or facial features. It is an additional security step to verify clients’ identities and stop fraud. There are alternatives available to those without BVNs, even though in Nigeria, BVNs are necessary for all bank transactions.

The requirements for opening Wema Bank account Without BVN

For the creation of a Wema Bank account without a BVN, you’ll have to satisfy certain specifications and follow a specific set of guidelines. What you’ll need is:

1. The proof you need is valid identity, like the National Identity Card, International Passport or Driver’s License. These papers help identify your identity when you don’t have an BVN.
2. Evidence of Address: Provide a utility bill, tenancy agreement or other official document that provides proof of your residence address. It is the standard procedure when opening a new account.
3. Recent Passport Photograph

Let’s go onto how to establish a Wema Bank account without BVN.

How to Open Wema Bank Account Without BVN

After you’ve collected the required documents and signed the form to open a new account, Follow these steps to create a Wema Bank account without a BBN

The code that opens Wema Bank Account with no BVN number can be found by dialing *945#.

1. Launch the call application on your mobile
2. Dial *945#
3. Select the option for opening an account. start an account.
4. Select the opportunity to create a new account with no BVN
5. Just follow the on-screen instructions
6. After you have completed the process, you will receive your Wema Bank Account number, which will be delivered to you via text message.

Limitations of an Account Without BVN

It is important to be aware that an account without the use of a BVN could be subject to certain restrictions:

1. Limits on Transactions: Accounts that do not have BVNs could possess lower limits on transactions in comparison to accounts linked by BVN. 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. As an example, you might not be able access the internet banking system or utilize the mobile banking app.
3. BVN Requirements to be complied with In the future: Banks in Nigeria are becoming more strict with specific BVN requirements in diverse transactions. Even though you can start a bank account without having a BVN, you could face restrictions when you use higher-end banking services or transactions.

Obtaining a BVN Later

When you open your first Wema Bank account without a BVN but later decide to get one, you may go to a designated BVN enrollment center in order to complete the process of registration (e.g., a bank).

When you’ve obtained an BVN, it is possible to connect it to your current Wema Bank account to access more features and eliminate some limits.

Conclusion

It is possible to open an account with Wema Bank without a BVN, despite the fact that it is often required for bank transactions in Nigeria.

If you satisfy the requirements for completing the account opening process and providing the necessary paperwork, Wema Bank offers account opening services.

Keep in mind that the number of transactions and services you may access may be restricted for accounts without BVNs. Given how the banking industry is evolving, it is advised to consider obtaining the BVN in the future to have access to a greater variety of banking services and perks.

For people who have not yet obtained their bank account number, a Wema Bank account without a BVN provides an opportunity to begin their banking experience with a trustworthy bank.

Please feel free to ask any questions you may have regarding this post in the comments section, and we will get back to you as soon as we can!