BIN 559506
LIBERIAN BANK FOR DEVELOPMENT AND INVESTMENT • LIBERIA • MASTERCARD
About BIN 559506
BIN 559506 is a MASTERCARD debit card operating on the PREPAID payment network, issued by LIBERIAN BANK FOR DEVELOPMENT AND INVESTMENT in LIBERIA (LR). 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 559506?
A Bank Identification Number (BIN), also called an Issuer Identification Number (IIN), is the first 6–8 digits of a payment card. BIN 559506 identifies LIBERIAN BANK FOR DEVELOPMENT AND INVESTMENT 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 559506?
BIN 559506 was issued by LIBERIAN BANK FOR DEVELOPMENT AND INVESTMENT, a financial institution operating in LIBERIA.
In which country is BIN 559506 registered?
BIN 559506 is registered in LIBERIA (country code: LR). The issuing bank, LIBERIAN BANK FOR DEVELOPMENT AND INVESTMENT, holds the licence to issue cards under this BIN range in LIBERIA. Transactions on these cards typically involve LIBERIA-based banking and settlement infrastructure.
Is BIN 559506 a credit, debit, or prepaid card?
BIN 559506 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 559506 use?
BIN 559506 operates on the MASTERCARD payment network using the PREPAID 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 559506?
The primary currency associated with BIN 559506 is Unknown. This is the currency in which domestic transactions are typically billed for cards under this BIN range when used in LIBERIA. International transactions may involve currency conversion depending on the merchant's country.
Does BIN 559506 pass the Luhn check?
Yes — card numbers beginning with BIN 559506 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.
