To transfer funds from one account to another, several details are used: card numbers, full name. the recipient and the sender, the name of the bank, etc. The good news is that not all of this data needs to be known for most transactions. For example, to transfer funds from card to card within one bank, it is enough to indicate only the plastic number. Another thing is if the transaction is carried out between credit institutions. Then you must specify the BIN. What is and where to look for it, read further in this article.
Definition
Bank Identification Number (BIN) is the first 9 digits of the card. It serves to determine the credit institution in the payment system, is formed on the basis of the standards of the Central Bank. Using BIN, you can find out:
- type of payment system (MPS);
- card issuing bank;
- type: credit or debit;
- View: Maestro, Electron, Classic, Gold, Standard, Platinum.
This is what BIN is. Card readers in the process of identification process data from the magnetic strip and chip. They are used to transmit information on payment details, one of which is BIN. What is so important can trade establishments learn? They receive information from cards to track transactions by types of payment instruments and their types, holders. This method of reading significantly speeds up the processing of information, reduces the risk of fraudulent transactions. This is what the Oschadbank BIN card is.
Data compliance
Information about the code can be found in publicly available sources. But there it is rarely updated, and incorrect data is often displayed. In addition, banks do not consider BIN an important requisite. Therefore, do not track the correctness of its use. In Russia, there is no big difference between debit and credit cards. But in the United States or EU countries, the percentage of the commission paid by the recipient is very different. Therefore, some stores set strict requirements for the type of payment instrument.
Decoding BIN
What is the first digit in the code? It means the type of payment system:
- 3 - American Express;
- 4 - Visa;
- 5 - MasterCard;
- 6 - Maestro;
- 7 - UEC.
But this is only in theory. For identification of MasterCard codes in the range of 50-55 are used. Since 2006, the Bankcard system has been operating in Australia and New Zealand under the numbers 5610, 56021-56022. Another example: American Express allocated codes 34, 35, and 37 for the Japan Credit Bureau. Although the Maestro social card issued by Sberbank of Russia starts with 6390, and the gold Visa with 4276.
The third and fourth figures indicate the territory within the state. For Russia, this classification takes place according to OKATO. The card issued by the Moscow branch of Sberbank will contain code 45, and the St. Petersburg institution - 40. The fifth and sixth digits inform about the conditional number of a particular unit for the calculations of the Central Bank. It can range from 00 to 99. The last three numbers in the BIC coincide with the corresponding data in the correspondent account (it consists of twenty digits). They range from 050 to 099. For RKO, which is carried out by the Bank of Russia, this value has the form “000”. For the head settlement center - “001”. For branches of the Central Bank of the Russian Federation, structural divisions of the Bank of Russia - “002”. Here is what a BIN payment card.
Why all this information to the average user? No reason. In most situations. But if a person is going to pay for goods in an online store or book services (hotel room, ticket, rental, etc.) on a foreign site, then it is better to know in advance what a BIN card is and where to find it.
Option one: on the front side of the plastic
Since the BIN is part of the card number, you can find it out by looking at the payment instrument. On the front side there are 15-19 digits that are applied with paint or by extrusion. This is the number. Usually it contains 16 digits (4 blocks of 4 digits), 19 are used in additional payment instruments that are issued as part of a single client account, 15 in American Express. What is a BIN card? This is the first 9 digits of the number. The rest contains information about the type, currency, region of issue, etc. The last, sixteenth, is a check number, which determines the "correctness" of the card number.
Option two: contact the bank branch
Sometimes on the map not 16 digits are indicated, but only the first or last four. In this case, to find out the BIN, you need to call the hotline, dictate the full name, card number, code word. The same information will be requested when visiting a bank branch. But then you have to stand in line and provide a passport to the employee. If you still have a piece of paper with a PIN code or an agreement to the card, then you can see the code there.
Option Three: Via Mobile or Internet Banking
This method is only suitable for Sberbank cardholders. On the page "Personal Account" on the institution's website, you must select the desired payment instrument, go to the "Detailed Information" section. A personal account and a branch code (nnn / nn) will be indicated here. The latest information needs to be copied and pasted into the search bar on the main page of the site. The map will display the department of the institution with full details. So you can find out the BIC of the recipient card. But this method has its drawbacks. Internet traffic abroad via a mobile phone will be expensive. Therefore, in order not to waste time searching for Internet cafes, it is better to know the BIC cards in advance. For instance…
Through an ATM
This method is also available to Sberbank cardholders. You need to insert the plastic into the “native” ATM, enter the PIN, go to the “My Payments” - “Details” section and view all the card details.
In the dry residue
One of the details used to transfer funds between cards is the bank number. What is a BIN card recipient? This is a nine-digit code that identifies the credit institution that issued the plastic payment instrument. It is contained at the beginning of the card number. To perform standard operations is not required. But if you need to pay for goods via the Internet or transfer funds to the recipient in another bank, then you need to know the BIN number in advance. What is important contains this code? Type of card, type of payment system, name of the issuing banking institution. You can find it out by calling the hotline or by contacting a bank branch. Using publicly accessible databases is not recommended, as the information in them is rarely updated.