October 17, 2017

Account Verification Service (AVS)

Sequel to the introduction of the Nigeria Unified Bank Account Number (NUBAN), a scheme which pioneered the introduction of 10-digit account numbers across all banks in Nigeria, it became imperative to provide users and the general public with a means of independently confirming that an account number is valid under the NUBAN.

Thus, NIBSS introduced the Account Verification Service (AVS) to eliminate the incidence of invalid Customer Details in EFT instructions. With the AVS, individuals as well as financial institutions presenting instruments for payment can verify the validity and correctness of Beneficiaries’ Bank Account Details prior to the processing the actual payment instruction.

Click here to verify a NUBAN Account