The Central Bank of Nigeria introduced the BVN system to combat fraud, but what if you don’t have an account and need to open one? Sterling Bank still allows you to open an account without BVN. Here is a step-by-step guide to help you understand everything.
Key Takeaways
- You can open a Sterling Bank account without a BVN by visiting a branch with the necessary documentation.
- While BVN is a typical requirement for full access, you can still initiate an account.
- Your account will have limited functionalities until a BVN is linked, but you can begin banking immediately.
- Alternative forms of identification and proof of address are acceptable.
The BVN Requirement
BVNs are unique identification numbers linked to biometric data, such as fingerprints and facial recognition, and they are used across all Nigerian banks. For people without a BVN, Sterling Bank offers options, like other Nigerian banks. It is essential to understand how to navigate this process, especially if you are a new resident, a non-Nigerian, or just haven’t registered yet.
The Process: Opening a Sterling Bank Account Without BVN
Step 1: Visit a Sterling Bank Branch
To get started, visit a Sterling Bank branch near you. The bank will require manual verification and documentation if you do not have a BVN. Using the official Sterling Bank website or Google Maps, you can find the nearest branch.
Step 2: Complete the Account Opening Form
Once at the bank, request the account opening form. The bank will ask for basic details such as:
- Full Name
- Date of Birth
- Address
- Occupation
- Phone Number
- A government-issued ID (National ID, International Passport, or Driver’s License)
You’ll also need to provide your signature, which will be stored on the bank’s records.
Step 3: Provide a Passport Photograph
You’ll need to provide a recent passport-sized photograph as part of the account opening process. It’s important that the photo is clear and adheres to the bank’s specifications, so be sure to bring a high-quality print.
Step 4: Submit a Valid ID and Proof of Address
Sterling Bank will require a valid government-issued ID to authenticate your identity. Acceptable IDs include:
- National ID
- International Passport
- Driver’s License
Additionally, you will need proof of your residential address. This can be any official utility bill (such as water or electricity) or a bank statement from another account showing your name and address.
Step 5: Account Verification Process
At this point, the bank will manually verify your documents. Since you don’t have a BVN, the bank will use other means of verification. This may include biometric verification at the bank or relying on your bank references. While this step may take longer than usual, it ensures that your identity is secure.
Step 6: Receive Your Account Details
Once your documents are verified, you will be issued an account number and given a temporary ATM card. You’ll be able to start transacting immediately. However, the full functionality of your account, especially for online transactions, may be restricted until you provide a BVN at a later date.
Pros and Cons of Opening an Account Without BVN
| Pros | Cons |
|---|---|
| Quick setup without BVN | Limited services (e.g., online banking) |
| Useful for non-residents or first-timers | Cannot access some advanced features |
| Accessible for those without a BVN | Will require BVN eventually |
| Safe, reliable banking system | May incur extra charges for limited access |
Frequently Asked Questions (FAQs)
Can I use the account for international transfers without a BVN?
No, without linking a BVN to your account, you may not be able to perform international transfers, but you can still receive payments within Nigeria.
What happens if I don’t have a BVN?
Your account will be limited to in-branch transactions, and you may not access advanced banking services, like online banking or higher withdrawal limits.
How long do I have to link my BVN to my account?
Sterling Bank typically gives customers time to link their BVN to their accounts. However, this can vary, so it’s important to check with the bank for specific timelines.
Is the process difficult?
No, the process is straightforward but may take longer without the BVN. Be prepared for manual verification at the branch.
Can I open a business account without a BVN?
Yes, but similar limitations will apply until the BVN is provided. You may not access certain business banking services until the number is linked.
Final thoughts
It is possible to open a Sterling Bank account without a BVN, especially if you haven’t yet registered for one. It may take a little longer, but the steps are fairly simple, and you can begin banking almost immediately. This solution can provide you with the flexibility you need to manage your finances if you’re temporarily in Nigeria or haven’t yet registered your BVN.
