How to Open a Fidelity Bank Account Without BVN: Fidelity Bank is a reputable financial company that provides a range of banking services to its clients. One of the primary requirements for opening a bank account in Nigeria is the Bank Verification Number (BVN), a biometric identification system that the Central Bank of Nigeria (CBN) has implemented.
On the other hand, some people might be curious as to whether or not an Fidelity Bank account can be opened without a BVN. We’ll look at the procedures and choices for creating an Fidelity Bank account without a BVN in this post. So follow along and remain with me!
Importance of BVN (Bank Verification Number)
Banks in Nigeria provide each customer with a unique identification number called a Bank Verification Number (BVN). It works as a biometric-based identification system, linking an individual’s accounts from multiple Nigerian banks into a single identity. The Central Bank of Nigeria introduced the BVN to improve security, lessen fraud in the banking sector, and develop a trustworthy method of confirming the identities of bank clients.
Although a BVN is required for most financial transactions in Nigeria, those without one have options and exclusions.
Requirements for Opening Fidelity Bank account Without BVN
To open a Fidelity Bank account without a BVN, you must adhere to a set of guidelines and fulfil certain conditions. Generally speaking, you will need:
- A legitimate form of identification, such as a driver’s license, international passport, or national identity card, is required. If a BVN is not present, these documents aid in proving your identification.
- Provide any official document that verifies your residential address, such as a utility bill or rental agreement. This is a typical prerequisite for creating an account.
- A recent photo from a passport.
Limitations of an Account Without BVN
- Transaction limitations: Compared to accounts linked to BVNs, accounts without BVNs could have lower transaction limitations. This implies that there may be limitations on the amount you are able to send or withdraw.
- Restricted Services: Accounts lacking BVNs might not be able to use certain banking features and services. You might not be able to utilize mobile banking apps or access internet banking, for instance.
- Future BVN Requirement: Nigerian banks are progressively requiring BVN for a range of transactions. Even though you can open an account without a BVN, you might not be able to access certain advanced banking services or transactions.
How to Open a Fidelity Bank Account Without BVN
Without a Bank Verification Number (BVN), it is typically not feasible to open a fully functional bank account in Nigeria. The Central Bank of Nigeria created the BVN, a unique identification, to improve the security and integrity of the banking system and lessen fraud and identity theft. It is a need in order to open and maintain a bank account in the nation, even one with Fidelity Bank.
However, there are some exceptions and alternatives to consider. Visit a Fidelity Bank branch around you to get more information on the type of account that can be opened without BVN.
Frequently Asked Questions
Who is the CEO of Fidelity Bank?
Fidelity Bank Plc’s group managing director and chief executive officer is Dr. Nneka Onyeali-Ikpe, OON, who was born on July 28, 1964. She became the first female Managing Director/CEO in the bank’s history when she was named in January 2021 after joining Fidelity Bank in 2015 as an Executive Director.
How to generate a Fidelity Bank Token Code
To get a Fideliity Bank token, follow the steps below:
- Download the Fidelity mobile app (Android and iOS)
- Log in to your account using your username and password or biometric.
- Follow the simple on-screen prompts to generate a token code.
How to Download the Fidelity Bank Mobile App on Android
Downloading the Fidelity Bank Mobile app is very simple and easy. Just follow the steps listed below
- Visit the Google Play Store.
- Search for “Fidelity Bank Mobile App.”
- Tap on the “Install” button to begin the download and installation process.
- Sign up for your account by creating your username and password.
How to Download the Fidelity Bank Mobile App on iPhone
- Launch the Apple App Store app on your iPhone device.
- On the search bar, type “Fidelity Bank Online Banking”
- Click on install.
- Allow it to install. After installation, the app is all yours to use.
