How to Open Sterling Bank Account Without BVN in 2024

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

Sterling 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 Sterling Bank account without a BVN or not. 

In this article, we’ll explore the steps and options for opening Sterling 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.

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Requirements for Opening Sterling Bank Account Without BVN

To open Sterling 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:

1. 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.
2. 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.
3. Recent Passport Photograph

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

How to Open Sterling Bank Account Without BVN

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

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

1. Open the call app on your mobile phone
2. Dial *822#
3. Choose the option which is to open account
4. Choose the option to open account without BVN 
5. Follow the On-screen command 
6. Once you are done, your Sterling Bank Account Number will be sent to you as sms.

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

To open Sterling Bank Account Without BVN using Sterling Bank Mobile App, follow the steps below:

1. Visit the Google Play Store to download the Sterling Bank mobile app
2. Install and launch the app
3. Click on sign up
4. Click on Open account
5. You will be asked if you have BVN or not and since you don’t have one, you know the option to choose
6. Then, you will asked to enter your details like Full name, email address, etc.
7. Once you are done, click on confirm
8. And that is it. Your account number will be displayed on the screen.

Limitations of an Account Without BVN

It’s important to note that an account opened without a BVN may have certain limitations:

1. 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.
2. 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.
3. 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.

Obtaining a BVN Later

If you initially open Sterling 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 Sterling Bank account to access additional services and remove some limitations.

Frequently Asked Questions

What Types of Accounts Can I Open Without a BVN?

At Sterling Bank, you can typically open a savings or current account without a BVN. However, you should be aware that these accounts will come with certain restrictions, like lower withdrawal and deposit limits, until you add your BVN.

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

While opening an account without a BVN is allowed, it’s not as secure as having a verified account. Your BVN serves as an extra layer of identification and security. It’s always a good idea to link your BVN to your account when you have the opportunity to enhance the account’s security.

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

Linking your BVN to your Sterling Bank account is a straightforward process. You can visit any Sterling Bank branch and fill out the necessary forms. Alternatively, you can use the bank’s mobile app or internet banking platform to link your BVN, following the provided instructions. Once linked, all the restrictions on your account will be lifted.

Are There Any Charges for Opening an Account Without BVN?

No, opening an account is generally free, but you may be subjected to regular account maintenance fees, and your transaction limits will be restricted until you link your account with a BVN.

Can I Upgrade My Account Later to Include BVN?

Absolutely, you can upgrade your account at any time to include a BVN. Once you do this, the previously set limitations on your account will be lifted, and you can enjoy all the features and benefits of a fully-functional account.

TechSpike’s Conclusion

While having a BVN is a standard requirement for most banking transactions in Nigeria, it is possible to open Sterling 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 Sterling 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 Sterling 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!