BIN 557049
IRAQ ELECTRONIC GATE FOR FINANCIAL SERVICES CO, LTD. • IRAQ • MASTERCARD
About BIN 557049
BIN 557049 is a MASTERCARD debit card operating on the STANDARD payment network, issued by IRAQ ELECTRONIC GATE FOR FINANCIAL SERVICES CO, LTD. 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 557049?
A Bank Identification Number (BIN), also called an Issuer Identification Number (IIN), is the first 6–8 digits of a payment card. BIN 557049 identifies IRAQ ELECTRONIC GATE FOR FINANCIAL SERVICES CO, LTD. 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 557049?
BIN 557049 was issued by IRAQ ELECTRONIC GATE FOR FINANCIAL SERVICES CO, LTD., a financial institution operating in IRAQ.
In which country is BIN 557049 registered?
BIN 557049 is registered in IRAQ (country code: IQ). The issuing bank, IRAQ ELECTRONIC GATE FOR FINANCIAL SERVICES CO, LTD., 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 557049 a credit, debit, or prepaid card?
BIN 557049 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 557049 use?
BIN 557049 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 557049?
The primary currency associated with BIN 557049 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 557049 pass the Luhn check?
Yes — card numbers beginning with BIN 557049 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.
