General
Important Steps for Receiving Approved Funds: A Guide
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To receive the funds that have been approved for you, follow these steps carefully:
- Check Your Phone for a Message: You will receive a message on your phone containing a link. Click this link to start the process of accepting the approved funds.
- Enter Your Bank Details: When prompted, input your account number and account name.
- Complete the Process: Once you’ve entered your details, the process is complete. You will need to wait for a short period.
- Receive Bank Notification: You will receive a bank alert confirming that the funds have been deposited into your account.
FAQs
What should I do if I don’t receive the message on my phone?
Check your phone’s message settings or spam folder. If you still don’t receive it, contact the support team for assistance.
What happens if my name on the bank account doesn’t match the name on my BVN?
Ensure that your name on the bank account matches the name on your BVN. Discrepancies may lead to delays or rejection of the transaction.
Can I use a student account to receive the funds?
It is recommended to use a savings or credit account rather than a student account, as student accounts may have limitations on the amount of money they can handle.
How long will it take to receive the funds after completing the process?
The funds typically arrive shortly after you complete the process, but it may take a bit of time depending on your bank’s processing times.
Also Read: How to Apply for NIRSAL Water Supply Loan: A Step-by-Step Guide
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