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Why We Ask for Your BVN During Sign-up (Nigerian Users Only).

Updated yesterday

As part of our KYC requirements when creating your account on Raenest, we request your Bank Verification Number (BVN).

Why do we collect your BVN?

Your BVN helps us:

  • Verify your identity quickly and securely

  • Prevent duplicate accounts

  • Ensure your details match official bank records

It’s a required step to complete your account setup.

Is my BVN safe?

Yes, your BVN is safe with Raenest. We use it only during the account creation process, and never for any other purpose. Supplying your BVN does not give us access to your bank account, transaction history, or any financial data.

How to check your BVN

If you don’t know your BVN, you can retrieve it in seconds using your mobile phone. To check your BVN:

  1. Dial *565*0# on the phone number linked to your bank account.

  2. Follow the prompt.

  3. Copy the 11-digit number shown on your screen.

  4. Paste it into the BVN field on Raenest to continue.

A small fee charged by your mobile network provider may apply when using this code.

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