Bank Identifier Number
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Bank identifier number. In addition to credit or debit card purchases the number is also used in process various types of funds transfers that occur between different banking institutions. The bin is the lynch pin that ties an issuer to its cards and transactions. The bank identification number uniquely identifies the. When accounts are moved from one institution to another making use of the bins associated with both the sending and the receiving bank.
The tool is provided for informational purposes only. A bank identification number or bin refers to the initial sequence of 4 to 6 numbers on a credit card and used to identify the card s issuing bank or other financial institution. Bank identification number bin or issuer identification number iin is the first six digits of a bank card number or payment cards number and it is part of iso iec 7812. Currently there are more than 300 000 unique bin in our database.
A bank identification number is important to many different types of financial transactions. However experts see a larger role for them in the future. Bank identification number bin.