BIN 540589
PREMIER BANK • SOMALIA • MASTERCARD
About BIN 540589
BIN 540589 is a MASTERCARD debit card operating on the PREPAID RELOADABLE payment network, issued by PREMIER BANK in SOMALIA (SO). 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 540589?
A Bank Identification Number (BIN), also called an Issuer Identification Number (IIN), is the first 6–8 digits of a payment card. BIN 540589 identifies PREMIER BANK 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 540589?
BIN 540589 was issued by PREMIER BANK, a financial institution operating in SOMALIA. Their official website is https://www.yourpremierbank.com.
In which country is BIN 540589 registered?
BIN 540589 is registered in SOMALIA (country code: SO). The issuing bank, PREMIER BANK, holds the licence to issue cards under this BIN range in SOMALIA. Transactions on these cards typically involve SOMALIA-based banking and settlement infrastructure.
Is BIN 540589 a credit, debit, or prepaid card?
BIN 540589 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 540589 use?
BIN 540589 operates on the MASTERCARD payment network using the PREPAID RELOADABLE 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 540589?
The primary currency associated with BIN 540589 is Unknown. This is the currency in which domestic transactions are typically billed for cards under this BIN range when used in SOMALIA. International transactions may involve currency conversion depending on the merchant's country.
Does BIN 540589 pass the Luhn check?
Yes — card numbers beginning with BIN 540589 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.
