If you are applying for the Federal Government YEIDEP or NIYEEDEP Program, you must have an active Lotus Bank account to complete your registration and receive any funds. This guide explains how to open a Lotus Bank account online, step by step.
Contents
1. Prepare Your Requirements
Before you start, ensure you have the following:
- Your Bank Verification Number (BVN)
- A valid means of identification such as National ID Card (NIN), Voter’s Card, Driver’s License, or International Passport
- An active phone number linked to your BVN
- A clear passport photograph in digital format
2. Visit the Lotus Bank Online Account Opening Portal
Go to the official Lotus Bank account registration link:
https://ibank.lotusbank.com/account/bvn
Only use this official portal to avoid errors or fraud.
3. Verify Your BVN
Enter your BVN as required on the portal. You will receive a One-Time Password (OTP) on the phone number linked to your BVN. Enter this OTP correctly to proceed.
4. Fill in Your Personal Details
After successful BVN verification, you will be asked to fill in your personal information. This includes your full name, date of birth, residential address, employment or business details, and next of kin information.
Upload clear copies of your valid ID and passport photo as requested.
Double-check all information for accuracy. Mistakes in your details could delay your account activation or affect your YEIDEP application.
5. Submit and Receive Your Account Number
Once you complete the form and submit, your new Lotus Bank account number will be sent to you via SMS or email. Keep this information safe. You may also download the Lotus Bank mobile app for easier banking access.
6. Link Your Lotus Bank Account to Your YEIDEP Portal
Login to your YEIDEP or NIYEEDEP registration portal using your registered email and password. Locate the section where you are required to provide your bank details.
Enter your new Lotus Bank account number and your BVN. Save and submit the updated information to ensure you are eligible for disbursement under the program.
Important Reminders
- Use only the official account opening link: https://ibank.lotusbank.com/account/bvn
- Make sure your phone number is active to receive OTPs instantly
- Do not pay any third-party agent to open your account. The entire process is free and secure if done through the official portal.
Opening your Lotus Bank account correctly is an important step to avoid delays in your YEIDEP or NIYEEDEP enrollment and payment. Always keep a copy of your account details safe and update your program portal once you have your new account number.
