BIN 550947
LOYAL BANK, LTD. • SAINT VINCENT AND THE GRENADINES • MASTERCARD
About BIN 550947
BIN 550947 is a MASTERCARD debit card operating on the STANDARD payment network, issued by LOYAL BANK, LTD. in SAINT VINCENT AND THE GRENADINES (VC). 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 550947?
A Bank Identification Number (BIN), also called an Issuer Identification Number (IIN), is the first 6–8 digits of a payment card. BIN 550947 identifies LOYAL BANK, 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 550947?
BIN 550947 was issued by LOYAL BANK, LTD., a financial institution operating in SAINT VINCENT AND THE GRENADINES.
In which country is BIN 550947 registered?
BIN 550947 is registered in SAINT VINCENT AND THE GRENADINES (country code: VC). The issuing bank, LOYAL BANK, LTD., holds the licence to issue cards under this BIN range in SAINT VINCENT AND THE GRENADINES. Transactions on these cards typically involve SAINT VINCENT AND THE GRENADINES-based banking and settlement infrastructure.
Is BIN 550947 a credit, debit, or prepaid card?
BIN 550947 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 550947 use?
BIN 550947 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 550947?
The primary currency associated with BIN 550947 is Unknown. This is the currency in which domestic transactions are typically billed for cards under this BIN range when used in SAINT VINCENT AND THE GRENADINES. International transactions may involve currency conversion depending on the merchant's country.
Does BIN 550947 pass the Luhn check?
Yes — card numbers beginning with BIN 550947 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.
