BIN 524842
INTERNATIONAL DEVELOPMENT BANK FOR INVESTMENT AND FINANCE • IRAQ • MASTERCARD
About BIN 524842
BIN 524842 is a MASTERCARD credit card operating on the WORLD ELITE payment network, issued by INTERNATIONAL DEVELOPMENT BANK FOR INVESTMENT AND FINANCE in IRAQ (IQ). 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 524842?
A Bank Identification Number (BIN), also called an Issuer Identification Number (IIN), is the first 6–8 digits of a payment card. BIN 524842 identifies INTERNATIONAL DEVELOPMENT BANK FOR INVESTMENT AND FINANCE 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 524842?
BIN 524842 was issued by INTERNATIONAL DEVELOPMENT BANK FOR INVESTMENT AND FINANCE, a financial institution operating in IRAQ.
In which country is BIN 524842 registered?
BIN 524842 is registered in IRAQ (country code: IQ). The issuing bank, INTERNATIONAL DEVELOPMENT BANK FOR INVESTMENT AND FINANCE, holds the licence to issue cards under this BIN range in IRAQ. Transactions on these cards typically involve IRAQ-based banking and settlement infrastructure.
Is BIN 524842 a credit, debit, or prepaid card?
BIN 524842 belongs to the credit 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 524842 use?
BIN 524842 operates on the MASTERCARD payment network using the WORLD ELITE 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 524842?
The primary currency associated with BIN 524842 is Unknown. This is the currency in which domestic transactions are typically billed for cards under this BIN range when used in IRAQ. International transactions may involve currency conversion depending on the merchant's country.
Does BIN 524842 pass the Luhn check?
Yes — card numbers beginning with BIN 524842 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.
