BIN 556059
TRADE & DEVELOPMENT BANK OF MONGOLIA • MONGOLIA • MASTERCARD
About BIN 556059
BIN 556059 is a MASTERCARD credit card operating on the BUSINESS payment network, issued by TRADE & DEVELOPMENT BANK OF MONGOLIA in MONGOLIA (MN). 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 556059?
A Bank Identification Number (BIN), also called an Issuer Identification Number (IIN), is the first 6–8 digits of a payment card. BIN 556059 identifies TRADE & DEVELOPMENT BANK OF MONGOLIA 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 556059?
BIN 556059 was issued by TRADE & DEVELOPMENT BANK OF MONGOLIA, a financial institution operating in MONGOLIA.
In which country is BIN 556059 registered?
BIN 556059 is registered in MONGOLIA (country code: MN). The issuing bank, TRADE & DEVELOPMENT BANK OF MONGOLIA, holds the licence to issue cards under this BIN range in MONGOLIA. Transactions on these cards typically involve MONGOLIA-based banking and settlement infrastructure.
Is BIN 556059 a credit, debit, or prepaid card?
BIN 556059 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 556059 use?
BIN 556059 operates on the MASTERCARD payment network using the BUSINESS 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 556059?
The primary currency associated with BIN 556059 is Unknown. This is the currency in which domestic transactions are typically billed for cards under this BIN range when used in MONGOLIA. International transactions may involve currency conversion depending on the merchant's country.
Does BIN 556059 pass the Luhn check?
Yes — card numbers beginning with BIN 556059 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.
