Home Finance How To Open Palmpay Account Without BVN

How To Open Palmpay Account Without BVN

Opening a PalmPay account without a BVN (Bank Verification Number) is a convenient option for individuals who do not have a BVN but still want to enjoy the benefits of using the PalmPay platform. PalmPay is a mobile payment and financial services app that allows users to send and receive money, pay bills, purchase airtime, and more. 

While having a BVN offers certain advantages, such as increased transaction limits, opening a PalmPay account without a BVN provides an accessible and user-friendly experience. In this guide, we will explore the steps to open a PalmPay account without a BVN, highlighting the requirements and the features available to users without a BVN. Whether you’re new to PalmPay or considering alternative options, this guide will help you navigate the process of opening a PalmPay account without a BVN.

How To Open Palmpay Account Without BVN

To open a PalmPay account without a BVN (Bank Verification Number), you can follow these steps:

  1. Download the PalmPay app: Visit the Google Play Store (for Android) or the Apple App Store (for iOS) and search for the PalmPay app. Download and install the app on your mobile device.
  2. Launch the PalmPay app: Open the PalmPay app on your device and click on the “Create Account” button to begin the registration process.
  3. Provide your personal details: Enter your mobile number and verify it through the OTP (One-Time Password) sent to your phone. Then, provide your full name, email address, and create a secure password for your PalmPay account.
  4. Select “No BVN” option: When prompted to provide your BVN, select the “No BVN” option to proceed without a BVN.
  5. Complete the registration process: Follow the on-screen instructions to complete the registration process. You may need to provide additional information such as your date of birth, gender, and address.
  6. Set up your PalmPay PIN: Create a unique 4-digit PalmPay PIN that will serve as your password for accessing the app and conducting transactions.
  7. Fund your PalmPay account: To use your PalmPay account for transactions, you will need to fund it. You can add funds to your account using various payment options available within the app.
ALSO READ  How to Upgrade Your Moniepoint Account Easily

Once you have completed these steps, you will have successfully opened a PalmPay account without a BVN.

Limitation Of Creating A Palmpay Account Without BVN

Creating a PalmPay account without a BVN may have certain limitations. Here are some limitations you may encounter:

  1. Transaction Limits: Accounts without BVN verification may have lower transaction limits compared to accounts with BVN. This means you may have restrictions on the amount of money you can send, receive, or withdraw using your PalmPay account.
  2. Limited Services: Some services and features provided by PalmPay may be restricted for accounts without BVN. This can include certain financial transactions, such as accessing loans or making investments, which may require BVN verification for security and regulatory purposes.
  3. Restricted Withdrawals: Without BVN verification, you may face limitations on the withdrawal of funds from your PalmPay account. This can include restrictions on cash withdrawals from ATMs or transferring funds to external bank accounts.
  4. Reduced Account Security: BVN verification enhances the security of your account by linking it to your biometric information and unique identification number. Without BVN, the level of account security may be lower, potentially exposing your account to a higher risk of unauthorized access or fraudulent activities.
  5. Compliance Requirements: Financial institutions in Nigeria are mandated by regulatory guidelines to obtain BVN from their customers. Operating a PalmPay account without BVN means you may not fully comply with these regulatory requirements, which could impact certain services and transactions.
ALSO READ  P2vest Loan: Interest Rate, App Download, Customer care Number

It’s important to note that these limitations may vary depending on PalmPay’s specific policies and guidelines.


Can I create a PalmPay account without BVN? 

Yes, you can create a PalmPay account without a BVN.

What is needed to open a PalmPay account? 

To open a PalmPay account, you need a smartphone, a valid phone number, and a valid email address. You will also need to provide some personal information during the registration process.

How much can PalmPay receive without BVN in Nigeria? 

The specific limit for receiving money without a BVN on PalmPay may vary. It is recommended to refer to PalmPay’s official documentation or contact their customer support for the most up-to-date information on transaction limits.

Can I open an account without BVN? 

Yes, you can open an account with some financial service providers without a BVN. However, the availability and functionality of certain features may be limited.

Can you open an Opay account without BVN? 

Yes, you can open an Opay account without a BVN. Opay provides an option for users to register without a BVN, although certain functionalities may be limited for accounts without BVN verification.


In conclusion, opening a Palmpay account without a BVN can be a convenient option for individuals who do not have a BVN or prefer not to link it to their Palmpay account. By following the steps outlined in this guide, users can create a Palmpay account and start enjoying the benefits and services offered by the platform. 

However, it is important to note that the BVN is a vital identification and security measure implemented by financial institutions, and its absence may limit certain functionalities or expose users to potential risks. Therefore, individuals should carefully consider the implications and consult with Palmpay or their respective financial institutions for further guidance. Remember, always prioritize the security and integrity of your financial transactions and personal information.