How to Open FCMB Bank Account Without BVN in 2024

How to Open FCMB Bank Account Without BVN: Are you looking for how you can open FCMB Bank account without BVN (Bank Verification Number)? If yes, then you are on the right page!

FCMB Bank is a trusted financial institution that offers various banking services to its customers.

One of the essential requirements for opening a bank account in Nigeria is the Bank Verification Number (BVN), a biometric identification system introduced by the Central Bank of Nigeria (CBN).

However, some individuals might wonder if it’s possible to open FCMB Bank account without a BVN or not.

In this article, we’ll explore the steps and options for opening FCMB Bank account without a BVN. So, stay with me and keep up!

Importance of BVN (Bank Verification Number)

The BVN is a unique identification number linked to an individual’s biometric data, such as fingerprints and facial features. It serves as a security measure to verify the identity of bank customers and prevent fraud.

While the BVN is a mandatory requirement for most banking transactions in Nigeria, there are exceptions and alternatives for those without BVNs.

Requirements for Opening FCMB Bank account Without BVN

To open FCMB Bank account without a BVN, you’ll need to meet specific requirements and follow a set of procedures. Here’s what you’ll typically 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

Okay, now let’s move on to how you can open FCMB Bank account without BVN.

How to Open FCMB Bank Account Without BVN

Once you’ve gathered the necessary documents and completed the account opening form, follow these steps to open FCMB Bank account without a BVN:

The code to open FCMB Bank Account without BVN is *329#.

Dial *329#
Follow the simple instructions. You will see the place where you can choose whether to use BVN or not.

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.

See Also: How to Block FCMB Bank Account and ATM Card and How to check FCMB Bank Statement of Account on Phone

Obtaining a BVN Later

If you initially open FCMB Bank account without a BVN and later decide to obtain one, you can visit a designated BVN enrollment center to complete the registration process (e.g. Bank).

Once you have a BVN, you can link it to your existing FCMB Bank account to access additional services and remove some limitations.

How to Create FCMB Bank Account Without BVN – FAQs

How do I create a FCMB account without BVN?

As I have explained in this post, simply dial *329# and follow the on-screen prompt command.

Does FCMB require BVN?

Yes, FCMB requires BVN like all other banks do. However, for the creation of an account, you can do that without BVN. However, some restrictions on your account until you link your BVN with your account.

Can you open an FCMB account online?

Yes, you can open FCMB account online. All you need to do is simply visit the official FCMB online internet banking to get started.

How much does FCMB charge for withdrawal?

There is a withdrawal charge of N100 per transaction and you cannot withdraw more than N20,000 at once.

Does FCMB have a dollar account?

Yes, FCMB has a dollar account. The Foreign Currency accounts are available in three convertible currencies: the United States Dollar (USD), Great Britain Pounds Sterling (GBP), and the European Euro (EUR).

TechSpike’s Conclusion

While having a BVN is a standard requirement for most banking transactions in Nigeria, it is possible to open FCMB Bank account without one.

By meeting the specified requirements, providing the necessary documents, and following the account opening process, you can establish an account with FCMB Bank.

Keep in mind that accounts without BVNs may have limitations on transaction amounts and available services. As banking practices evolve, it’s advisable to consider obtaining a BVN in the future to access a broader range of banking services and benefits.

Opening FCMB Bank account without a BVN provides an opportunity for individuals who have not yet obtained this identification number to start their banking journey with a trusted financial institution.

If you have any questions regarding this post simply leave us a comment in the comment box below and we will get back to you as soon as possible!