You don’t have a Bank Verification Number in Nigeria? You’re not alone. Millions of Nigerians don’t have a BVN, and it can make it difficult to open a bank account. But there is good news! Sparkle Bank is a digital bank that allows you to open an account without a BVN.
I’m pretty sure you’re reading this article because you need a bank account in Nigeria but don’t have a BVN. Don’t worry, Sparkle Bank has you covered! But how does Sparkle Bank work without a BVN?
In this article, we’ll take a closer look at how Sparkle Bank is able to verify your identity and how you can use your Sparkle Bank account to make transactions.
We’ll also discuss some of the limitations of using a Sparkle Bank account without a BVN and how you can upgrade your account to a BVN-linked account.
So if you’re looking for a way to open a bank account in Nigeria without a BVN, be sure to read on!
About Sparkle Bank
Sparkle Bank is a digital bank in Nigeria that was launched in 2020. It is licensed by the Central Bank of Nigeria (CBN) and offers a variety of banking services, including account opening, money transfers, bill payments, and loans.
SparkleBank is located at 76a Samuel Adedoyin Street, Victoria Island, LA, Nigeria. For further inquiries, you can reach out to them via email at firstname.lastname@example.org.
Sparkle Bank is unique in that it allows customers to open accounts without a Bank Verification Number (BVN). This makes it a good option for people who are new to Nigeria or who do not have a BVN for any reason.
To open a Sparkle Bank account without a BVN, customers need to download the Sparkle app and create an account. They will then need to take a selfie to verify their identity and fill in their personal information. Once the account is approved, customers can start using it to make transactions.
Sparkle Bank accounts without a BVN have some limitations. For example, customers have a daily transaction limit of ₦50,000 and cannot withdraw more than ₦10,000 from ATMs per day.
Additionally, customers cannot apply for loans until they upgrade their account to a BVN-linked account.
To upgrade a Sparkle Bank account to a BVN-linked account, customers need to visit a Sparkle branch and provide their BVN. Once the account is upgraded, customers will no longer have any transaction limits and will be able to apply for loans.
Another name for Sparkle Bank is Sparkle Microfinance Bank. This is because Sparkle Bank is a microfinance bank, which is a type of bank that provides financial services to small businesses and individuals. Microfinance banks are often more accessible to people who do not have access to traditional banking services.
Here are some of the things you can do with a Sparkle Bank account without a BVN:
- Make transfers to other bank accounts in Nigeria.
- Pay bills.
- Buy airtime and data.
- Shop online.
- Withdraw cash from ATMs.
How to Open and Use Sparkle Bank Without a BVN in Nigeria
Imagine you’re a young student in Nigeria. You don’t have a BVN, but you need a bank account to receive your student loan. You’ve heard about Sparkle Bank, so you decide to give it a try.
- Firstly, you have to download the Sparkle app from the Google Play Store and create an account.
- The next thing to do is to enter your name, email address, and phone number.
- Then, you take a selfie to verify your identity.
- Next, you fill in your personal information, such as your date of birth, address, and occupation.
- Finally, you create a PIN code and password for your account.
Your account is approved quickly, and you’re now able to use it to make transactions. You can use your Sparkle Bank account to receive your money, pay your fees, and buy online.
You’re so glad that you found Sparkle Bank. It’s made it so much easier to manage your money.
How to Upgrade Your Sparkle Bank Account with BVN
Do you now have a Bank Verification Number for your Sparkle Bank account? To upgrade your Sparkle Bank account to a BVN-linked account, you will need to:
1. Visit a Sparkle branch.
2. Provide your BVN.
3. Fill out some paperwork.
Once your account has been upgraded, you will no longer have any transaction limits. You will also be able to apply for small loans.
How to Get a Loan on Sparkle Bank
Let me first share with you a typical illustration of how Sparkle Bank can help you with good loans. Take, for instance, Mfon is a small business owner in Nigeria. She sells clothes at a market in Uyo. Mfon has been in business for five years, and she has a good reputation among her customers.
Mfon wants to expand her business, but she needs a loan to do it. She has tried to get a loan from traditional banks, but she has been denied because she doesn’t have a BVN.
Mfon is feeling discouraged, but then she hears about Sparkle Bank. Sparkle Bank is a digital bank that offers loans to small businesses without a BVN.
Mfon is excited, so she visits the Sparkle Bank website and applies for a loan. She got approved and used her loan to expand her business. She buys more clothes and opens a new store in a nearby market.
Mfon’s business is now more successful than ever before, and she is grateful to Sparkle Bank for helping her achieve her goals.
So what are you waiting for? You can get your loan with Sparkle Bank even without BVN. The following steps should guide you through:
- First, you have to visit the Sparkle Bank website and click on the “Loans” tab.
- The second step is to click on the “Apply for a Loan” button.
- Fill out the loan application form.
- Then, provide the required documentation, such as your business registration certificate and financial statements.
- The last thing you should do is to submit your application.
The bank will review your application and contact you to discuss your loan options. If you’re approved for a loan, you’ll sign a loan agreement and your loan funds will be deposited into your Sparkle Bank account.
All in all, Sparkle Bank is a great option not just for small business owners, but for everyone in Nigeria who need a loan without a BVN. The loan process is easy and straightforward, and the loan officers are helpful and supportive.
Spakle Bank USSD Code
Have you gotten your Sparkle Bank USSD Code? There are many advantages of having this shortcode.
Take for instance you’re a busy Nigerian entrepreneur. You’re always on the go, and you don’t have time to go to a bank branch every time you need to do a transaction. That’s where Sparkle Bank’s USSD code comes in.
Sparkle Bank’s USSD code is a short code that you can use to access your bank account and perform transactions using your mobile phone. It’s a convenient and easy way to bank, and it’s perfect for people who are always on the go.
To use Sparkle Bank’s USSD code, simply dial *833# on your mobile phone. This will open the Sparkle Bank USSD menu. From here, you can select the transaction that you want to perform.
Here are some of the things you can do using Sparkle Bank’s USSD code:
- Check your account balance
- Transfer money to other bank accounts
- Pay bills
- Buy airtime and data
- Withdraw cash from ATMs
- Deposit cash into your account
Do you want to learn more about how to use Sparkle Bank’s USSD code? You can visit the Sparkle Bank website or contact customer support.
If you’re a Sparkle Bank customer, I encourage you to start using the USSD code today. You’ll be glad you did.
Conclusion: Sparkle Bank Work Without BVN
Sparkle Bank is like the last bus stop for Nigerians who don’t have a Bank Verification Number BVN. It allows you to open a bank account quickly and easily, and it offers a variety of banking services.
However, it’s important to keep in mind that there are some limitations to using a Sparkle account without a BVN.
If you need to perform transactions that are above the daily limit or if you need to withdraw cash from ATMs, you will need to upgrade your account to a BVN-linked account.
So, if you’re looking for a bank account that you can open without a BVN, Sparkle Bank is a great option. Just be sure to keep in mind the limitations before you sign up.
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