BIN 553940
MAGYAR TAKAREKSZOVEKEZETI BANK RT. (BANK OF HUNGARIAN SAVINGS COOPERAT • HUNGARY • MASTERCARD
About BIN 553940
BIN 553940 is a MASTERCARD debit card operating on the STANDARD payment network, issued by MAGYAR TAKAREKSZOVEKEZETI BANK RT. (BANK OF HUNGARIAN SAVINGS COOPERAT in HUNGARY (HU). The default settlement currency for this card is Unknown. This is not a prepaid card — it is linked to a standard bank account or credit facility. Card numbers beginning with this BIN pass the Luhn algorithm validation, confirming they are structurally valid card numbers.
Frequently Asked Questions
What is BIN 553940?
A Bank Identification Number (BIN), also called an Issuer Identification Number (IIN), is the first 6–8 digits of a payment card. BIN 553940 identifies MAGYAR TAKAREKSZOVEKEZETI BANK RT. (BANK OF HUNGARIAN SAVINGS COOPERAT as the issuing institution for cards carrying this prefix. These digits tell payment processors which bank issued the card before the full transaction is initiated.
Which bank issued BIN 553940?
BIN 553940 was issued by MAGYAR TAKAREKSZOVEKEZETI BANK RT. (BANK OF HUNGARIAN SAVINGS COOPERAT, a financial institution operating in HUNGARY.
In which country is BIN 553940 registered?
BIN 553940 is registered in HUNGARY (country code: HU). The issuing bank, MAGYAR TAKAREKSZOVEKEZETI BANK RT. (BANK OF HUNGARIAN SAVINGS COOPERAT, holds the licence to issue cards under this BIN range in HUNGARY. Transactions on these cards typically involve HUNGARY-based banking and settlement infrastructure.
Is BIN 553940 a credit, debit, or prepaid card?
BIN 553940 belongs to the debit card category. This is not a prepaid card, so it is linked to a standard bank account or approved credit facility.
What payment network does BIN 553940 use?
BIN 553940 operates on the MASTERCARD payment network using the STANDARD card scheme. This means all transactions made with cards carrying this BIN are routed and processed through MASTERCARD's global payment infrastructure.
What currency is associated with BIN 553940?
The primary currency associated with BIN 553940 is Unknown. This is the currency in which domestic transactions are typically billed for cards under this BIN range when used in HUNGARY. International transactions may involve currency conversion depending on the merchant's country.
Does BIN 553940 pass the Luhn check?
Yes — card numbers beginning with BIN 553940 pass the Luhn algorithm. The Luhn algorithm is a standard checksum formula used by payment systems to detect miskeyed or structurally invalid card numbers. A passing result confirms the number range is mathematically valid.
