What is Smart OTP BIDV? How to register, use and fee schedule 2022

In order to limit the time it takes to go to the bank to transfer money, now online transfer or payment is very popular because of the convenience as well as the many benefits it brings. However, to ensure that shopping or money transfers take place in the safest way, the authentication factor plays an important role.

So the feature Smart OTP BIDV is currently the key to help with the most security and is applied in most banks that launch applications on smartphones. Smart OTP BIDV also has a similar function and is intended to assist lamchutaichinh readers to better understand how to register and use and the fee schedule if available from this service through the article below.

What is Smart OTP BIDV?

OTP translates into English as "One Time Password", meaning "one-time password", is a fairly common code consisting of 6 random numbers, usually appearing when we register, log in or forget our password, or use Use an online service that requires user account confirmation on a website, application such as gmail, facebook, ...

And Smart OTP BIDV is an integrated feature in BIDV's Smart - Banking application that generates security codes to meet the correct user authentication in the process of performing transactions such as online shopping or transferring money to banks. bank or other e-wallet.

Smart OTP BIDV is the second security layer after entering the personal pin code and is also a fairly safe security method, because it will generate a code and send it via SMS to the correct phone number of the account you have registered on. BIDV's banking system thus limits the possibility of bad people attacking your account.

Learn about What is BIDV ibank?

Advantages when integrating BIDV Smart OTP on Smart Banking

Smart OTP BIDV integrated in Smart Banking brings a lot of advantages by applying the Smart OTP security feature, which is considered by experts to be the best method today than Token Key or SMS OTP because it requires a lot of input. different encryption layers.

And here are some of the most obvious advantages when using Smart OTP BIDV:

Fast, convenient and easy to use: just install BIDV's Smart Banking, you can transact anywhere, OTP codes are sent pretty quickly to save time for each transaction.
Increased security and more accurate safety despite verification in many previous layers.
Extremely high transaction limit depending on the type of account registered as an individual or a business, ranging from 1 billion to 2 billion for each transaction.
There is no fee for generating and sending OTP codes.

Which customer group should use the integrated BIDV Smart OTP?

The majority of customer groups using BIDV Smart OTP are individual customers who need to use transaction services on BIDV Smart - Banking specifically:

Individual customers are using BIDV Smart - Banking and have a demand of 100 million / day for transactions such as money transfer, online shopping, ...
Individual customers are using BIDV Smart - Banking and want more security in the process of making online transactions or prefer to experience the most modern and secure features at the present time.

Instructions to register for Smart OTP BIDV

Signing up for Smart OTP BIDV is quite simple and extremely fast, helping to increase your security and limit intruders, this is a very useful feature.

And here are 6 steps to summarize the BIDV Smart OTP registration process for those of you who do not know how to activate or register for this excellent feature:

Step 1: Download BIDV Smart - Banking application, open the application and log in, if you do not have an account, register and log in again.
Step 2: Go to Settings, select Smart OTP box.
Step 3: Select Activate Smart OTP at the bottom of the screen.
Step 4: Proceed to set a 6-digit PIN for the automatic generation of Smart OTP codes.
Step 5: At this time, the bank will send the OTP code to the registered phone number and you need to re-enter this code to authenticate.
Step 6: Complete the above steps and you will receive a successful activation message.

Instructions for using Smart OTP BIDV

In order to support readers more clearly about using Smart OTP BIDV to easily increase the security of their own accounts, please continue reading below to have an overview of OTP codes. This applies to any case or transaction.

How to activate the integrated BIDV Smart OTP

As mentioned above on how to activate Smart OTP BIDV, you can return to the section Instructions to register Smart OTP BIDV for reference or you can take a quick look at the steps below to successfully integrate this useful feature. This benefit:

Go to Settings → Select Smart OTP → Select Activate Smart OTP → Set PIN → Re-enter the authentication code from the bank → Activate successfully.

How to transact with BIDV Smart OTP authentication method

Transactions at BIDV Smart - Banking are quite rich and complete such as Money Transfer, Savings, Loan Limit for you to use and Smart OTP is applied in each desired feature.

Here is an example of Money Transfer for your reference, other transactions are still similar:

Step 1: In the interface of BIDV Smart - Banking select 1 transaction you are in need of. For example, if you currently want to transfer money, for example, enter the money transfer field.
Step 2: Select the account or beneficiary you want to transfer to enter the account number and the bank you want to send.
Step 3: Enter the amount to transfer with the content, if any, and then click Continue.
Step 4: Enter the PIN code initially registered when using Smart OTP BIDV
Step 5: The OTP code automatically appears and fills in accordingly, so you don't need to re-enter it and then click Continue.
Step 6: Display a message of successful Money Transfer transaction.

Some errors when using Smart OTP BIDV

Although the operation is quite simple, but in the process of using it sometimes encounters some errors such as not receiving the code to transact, the transaction is slow or forgetting the PIN code and many other errors, then lamchutaichinh has synthesized a Some common errors so that any reader who encounters them can quickly fix them and save their implementation time.

Why do I have to activate Smart OTP and still need to enter the SMS OTP code?

In order to ensure more security and safety when transacting, especially services with a high limit of 5 - 10 million or more to authenticate the current user.

But don't worry too much because entering the SMS OTP code will not take place in transactions such as saving, top-up, money transfer, bill payment, ... at a moderate limit of 5 million VND.

Forgot PIN Smart OTP BIDV what to do?

If you are transacting and forgot your PIN, you should exit the application and re-enter and follow the steps below:

Re-login to BIDV Smart – Banking
Go to Settings and then select Smart OTP
Press forgot Smart OTP PIN
Follow the request to re-enter the application password
After successfully entering, proceed to change the PIN and continue using the service

In case you enter the wrong PIN more than 5 times or enter the wrong application password many times, it will easily lead to account lock, now you need to find the nearest BIDV bank to solve the unlocking to perform transactions.

Why can't I receive BIDV Smart banking OTP code for money transfer?

Failure to receive OTP code from BIDV Smart - Banking is a common mistake in many customers, to help you better understand below are some common reasons when using Smart OTP BIDV:

– Have not registered or activated the service to receive the Smart OTP BIDV integrated code: to be able to use the transaction service with the above feature, it is necessary to activate it, in this case you should review the activation or registration section. used in the article table of contents.

– The phone number does not match the registered number or does not work in the system:

The phone in use does not have a sim containing the registered number.
If the SIM is blocked in 1 or 2 ways because the recharge is overdue or has not been paid for postpaid subscribers, the time limit shall not exceed 30 days.
The phone sim is locked when the card is not loaded correctly more than 5 times.
Sim is permanently locked because of long time unpaid or not used again.
Enter the wrong phone sim security code.

– Blocked phone messages: in this case, you may have mistakenly listed messages from BIDV into the block list, now you should check your list and remove the blocked BIDV phone number (if any). ).

– Incorrect PIN OTP BIDV

– Phone lost internet connection

– Error from BIDV banking system

What to do when I do not receive BIDV Smart banking OTP?

Depending on the cause, each solution is different, in case you still do not receive it, you can go to the nearest BIDV branch to contact you for not receiving the OTP code.

And in order to prevent you from avoiding the above errors, here are some notes to pay attention to to fully experience this feature:

Sim requirements must correspond to the phone number registered on the system and must still be active to avoid encountering the above situation.
Pay close attention to personal information as well as passwords to store and remember carefully to serve future transactions and protect your own assets.
If you see a fake BIDV email saying that you want a Smart OTP code, you must send your phone number or personal information to confirm, never give it because if you enter it wrong, you just need to go to the nearest branch. solvable.

Conclude

Above is the information you need to know about Smart OTP BIDV as well as how to register and use this service, hopefully our readers lamchutaichinh.vn understood clearly. If you have any further questions, please leave a comment below, see you in the next post.