Is Raven Bank Approved by CBN? Find Out Now!

Raven bank is an online bank that offers personal & business banking services to individuals. The Raven bank nicknamed itself ‘’The People’s Bank of Africa’’ and they pride themselves as offering fast, reliable and secure banking services. Our check on Google Play Store revealed that over 500k active users have downloaded the banking app which is an indication that they are gaining popularity in the banking sector.

However, the focus of today’s discussion is to find out whether the banking services offered by Raven are approved by the Central Bank of Nigeria(CBN) or not. This is imperative because any banking services that are not approved by the apex bank(CBN) is perceived to be illegitimate in the Nigeria banking sector. Hence, we are going to explore all the necessary measures to know the legitimate nature of the Raven bank.

Is Raven Bank Approved by CBN?

Yes, Raven bank is approved by the Central Bank of Nigeria(CBN). Raven bank is powered & controlled by Beststar MicroFinance Bank(MFB) which is duly  licensed by the Central Bank Of Nigeria. This means that all financial deposits that users made in Raven bank are insured/protected by the Nigerian Deposit Insurance Corporation (NDIC).  It is also worthy of note that  “Raven” & “RavenBank” are trademarks of Ravenpay LTD which is duly certified too.

Raven Contact Info

If you need further information about the banking services of Raven bank, you can visit them at Plot 20 Layi Yusuf Crescent, off Admiralty way, Lekki Lagos. Alternatively, if you’re not within Lagos and its environs, you can contact them via their email address at hello@getravenbank.com. If you want to message them on email, ensure that your write up is concise to enable you to get a swift response from their customer care unit.

Read also: Blue Ridge Microfinance bank customer care

Conclusion

Raven bank is duly licensed by CBN. Hence, all the banking services offered by the financial institution are approved. With this CBN approval, it means that all deposits made at Raven bank are insured by the Nigerian Deposit Insurance Corporation (NDIC). So, it is safe to say that they offer legitimate banking services.