Data & Identity Services
Non-resident Bank Verification Number
The Non-resident Bank Verification Number (NRBVN) is a solution that enables Nigerians living in diaspora to enroll for BVNs remotely. It offers services like BVN enrollment, account opening in multiple currencies, and remittance. With strong security measures and compliance with global regulations, NRBVN simplifies access to financial services for non-residents.
Your Global Gateway to Nigerian Banking Solutions
Unique Value proposition
- Easily enroll for a BVN from anywhere in the world without visiting a physical bank.
- Open domiciliary accounts in USD, GBP, and EUR, offering flexibility for investments and remittances.
- Advanced biometric verification and strict adherence to global KYC and AML regulations ensure secure transactions.
- Enjoy hassle-free account opening and fund transfers with streamlined processes and real-time support.
Touch Points
- NRBVN Website (nrbvn.com): Access the platform for registration, account opening, and remittances.
- 24/7 Customer Support: Reach out via email or phone for assistance with registration, account issues, and transactions.
Features
- Submit ID, proof of address, and other required documents directly through the platform for seamless validation.
- Facilitates easy bank account setup with partner banks for non-residents.
- Track the progress of your BVN registration and account opening through the platform’s status check feature.
- Provides a streamlined platform for sending money to Nigeria from abroad.
- Accessible from anywhere in the world, allowing Nigerians living in diaspora to manage financial services remotely.
Frequently Asked Questions (FAQs)
(1) What is NRBVN?
NRBVN stands for Non-resident Bank Verification Number, a solution to help Nigerians living in diaspora to enroll and obtain BVNs remotely.
(2) Who is the target audience for NRBVN?
Nigerians living abroad without a BVN, Nigerians with a BVN but without an account.
(3) What services does NRBVN offer?
NRBVN offers BVN enrollment, account opening, and remittance services for non-resident Nigerians.
(4) What currencies are supported for NRBVN accounts?
NRBVN supports multiple currencies, including USD, GBP, and EUR for domiciliary accounts.
(5) How do I register for NRBVN?
Users can register via the NRBVN platform by submitting their ID, biodata information, and KYC documents (e.g., utility bills, bank statements, etc.). They will undergo a liveness check for verification.
Users can register via the NRBVN platform (nrbvn.com) by submitting their ID, biodata information, and KYC documents (e.g., utility bills, bank statements, etc.). They will undergo a liveness check for verification.
You will need the following documents to register:
- A valid ID document (such as a passport or national ID card).
- Proof of residency status (utility bills, lease agreements, or government-issued residency documents).
- Work ID or employment confirmation letter (for verification of occupation).
- Reference letter from a recognized financial institution (where applicable).
- Proof of income or tax return documents (optional for additional verification).
The system will conduct a thorough KYC and Anti-Money Laundering (AML) check during registration.
(6) Can I open a bank account through NRBVN?
Yes, you can open a bank account through NRBVN by selecting your preferred bank, and the platform will facilitate the account opening process. You will need to pass through enhanced KYC checks, including verification of identity documents, proof of address and employment status. NRBVN complies with Nigeria’s strong financial regulatory framework, ensuring that each application is reviewed in line with global KYC standards.
(7) How does the remittance process work with NRBVN?
The NRBVN platform allows users to remit funds by selecting the “Remit Money” option and following the payment and transfer steps.
(8) How is my data protected on the NRBVN platform?
NRBVN uses robust data encryption, multi-factor authentication, and performs regular security audits to safeguard your data. As with the strong KYC protocols, NRBVN places a high emphasis on user security by enforcing strict compliance with Global Data Protection Regulations(GDPR) and Nigeria’s Data Protection Regulations(NDPR).
(9) What is the benefit of using NRBVN?
NRBVN provides easy access to financial services, enhances remittances, and offers investment opportunities. Additional benefits include: increased remittance inflows into Nigeria and enhanced financial inclusion for Nigerians abroad.
(10) How does NRBVN ensure compliance with regulations?
NRBVN adheres to global and Nigerian regulations, including AML and sanctions screening. It screens against multiple sanctions lists, including the UN, OFAC, and the European Union, ensuring compliance with international financial regulations. The banks and remittance channels also ensure proper AML/Compliance screening in line with local and international regulations. NRBVN has implemented enhanced KYC protocols ensuring stringent compliance with global financial security standards.
(11) How long does the registration and NRBVN issuance take?
Once all the required information and documents are provided, the NRBVN system will validate and screen the information. Once approved, an NRBVN will be provided within 72 hours.
(12) What documents are needed for registration?
You will need a valid ID document, biodata information, and other KYC documents, such as a work ID, reference letter, utility bill, national ID, and bank statements.
(13) What are the fees for using NRBVN services?
Fees related to account opening and remittance services are transparent and displayed during the transaction process on the platform.
(14) Can foreign investors use NRBVN to open investment accounts?
No, this service is only for non-resident Nigerians living in diaspora and individuals who are Nigerian by descent (i.e. Nigerian citizenship of either parent)
(15) Is NRBVN available globally or only in specific countries?
NRBVN is accessible to Nigerians in diaspora, provided they have internet access to the platform.
(16) How do I check my NRBVN status?
You can check your NRBVN status through the NRBVN platform by logging in and navigating to the status check section.
(17) What if I encounter issues during registration?
The NRBVN platform offers 24/7 customer support, available through multiple channels, including email and phone, to resolve any registration issues.
(18) Is there a limit on the amount of money I can remit?
Remittance limits are based on local regulations and the policies of the receiving bank. Details are provided during the transaction process.
(19) What types of accounts can I open through NRBVN?
NRBVN supports domiciliary accounts in foreign currencies (USD, GBP & EUR), which can be used for investment and remittance purposes.
(20) How secure is the liveness check during registration?
The liveness check uses advanced biometric verification technology, facial recognition, and optical character recognition (OCR) to ensure only legitimate users can register. For enhanced security, NRBVN has adopted multi-layered KYC verification in line with international best practices, ensuring compliance with global financial security framework.
(21) What is the KYC & AML Process for NRBVN
The NRBVN KYC & AML process includes customer identification using documents (e.g., passports, ID cards, utility bills), Customer Due Diligence (CDD) to verify source of funds and business activities, address verification and Enhanced Due Diligence (EDD) for high-risk customers or PEPs. It also involves ongoing monitoring of transactions for suspicious activities. Automated sanctions screening checks against lists like OFAC and UN in real-time, with false-positive management. NRBVN also partners with international bodies for global AML compliance.
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