What is it? How does it differ from an IIN? And what do all those numbers mean, anyway? What Is a Bank Identification Number?įirst, lets answer: what is a BIN? Like most industries, the payments sector is littered with its own slate of undecipherable acronyms and confusing argot. In the rest of this post, we’ll take a closer look at these bank id numbers, what they mean, and how they may change in the future. At the top of this page, you can use our BIN number lookup tool and use the credit card identifier system to determine the issuing bank of (almost) any payment card. The BIN number ties an issuer to all the cards it issues, and to all the transactions on those cards. The number is used to identify the card’s issuing bank or other financial institution. “Bank Identification Number,” or BIN code, refers to the initial sequence of four to six numbers that appears on a credit card.
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