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Why is adding my BVN to my account important, and how is it safeguarded?
Why is adding my BVN to my account important, and how is it safeguarded?
Updated over a month ago

Why Adding Your BVN Is Important:

  • Unlock Full Access: Adding your Bank Verification Number (BVN) to your account enables you to access our full range of services and products. It is a key part of the Know Your Client (KYC) process, allowing us to verify your identity and ensure compliance with regulatory standards.

  • Identity Verification: The BVN serves as a unique identifier that helps confirm your identity across Nigerian banks, which is crucial for secure financial transactions.

How Your BVN and Personal Data Are Safeguarded:

  • Encryption: Your BVN and other sensitive personal information are encrypted during transmission and storage, ensuring that they cannot be accessed or altered by unauthorized parties.

  • Strict Data Protection: We adhere to industry-leading data protection practices to safeguard your personal and financial information.

  • Compliance with Regulations: We comply with all relevant data protection and privacy regulations, including local and international standards, to ensure your data is handled securely.

Why Security Matters:

We prioritize the security of your information to provide a safe and reliable platform for your financial transactions. By securing your BVN and personal data, we help protect you from fraud and other potential risks.

If you have any questions or concerns about how your BVN is handled, feel free to contact us at support@cedar.money for more information.

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