Importance of Linking BVN with Piggyvest (Piggybank) and Cowrywise
Most of
Piggyvest(Piggybank) and Cowrywise users have questioned these online savings
and investment digital platform why they need their BVN (Bank Verification Number) before they can
have access to some special features like receiving money and transferring fund
from the app without first withdrawing it to their personal account. Most
financial apps and loaning apps now require you to input your BVN number to
verify your details if it truly corresponds with the one you have on the
app
So the need for your BVN
is to verify the information you have provided on the platform and cross-check
if it tallies with your detail and also with your personal bank account where
you withdraw your money to in order to stop any fraudulent activity from happening.
In other word feel free to add your BVN number to this digital saving app for
easy transaction. In a case where your BVN details don’t match with the information provided on the app, your acct might be flagged which will
result to not be able to perform the financial transaction on the app.
Even on mobile loaning
application after cross-checking your details with your BVN and it doesn’t
match, you would not be given any loan so.
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