Much like the last digit of a barcode, the sole purpose of this digit is to allow validation of the rest of the number. This single digit is one of the most important ones on the card. From this digit, it can be inferred whether the card is valid or not. The last number of the debit card is known as a Check Digit.
The date and year of expiry is also written on the debit card so that the card holder can remember that after this date, the debit card will not work and therefore cannot be used for any type of transaction. Even the Global Hologram printed on the debit card is a type of security hologram, which is very difficult to copy. First 6 digits are the Bank Identification Number and the rest 10 digits are a Unique Account Number of the card holder. It is also known as a Permanent Account Number or PAN.
#BEEM IT CREDIT CARD CODE#
On the front face of debit card, a 16 digits’ code is written. What can be revealed by 16 digits written on a Debit Card? Moreover, if due to some type of negligence these details are leaked, then it might lead to the defrauding of your bank account. Most major cards have 16 digits on them and each number has a specific meaning.ĭo you know that these digits or numbers not only depict the details of your bank account but are also very important from a security point of view? It is very helpful in preventing fraudulent activities that can occur at the time of shopping and online banking. There are millions of different ATM cards from the major issuers, but all of them have one thing in common: the meaning of the numbers on the card. They may even not know that bank account details can be easily accessed by the digits given on their debit card? They just know that some numbers are written on both sides of the debit card. People use them conveniently but there are still some people who do not have much knowledge about these cards. Nowadays, every bank account holder has a debit (ATM) card. Due to advancement of technology, we have received a benefit that now we need not to visit banks to withdraw cash, now we can have cash in hand through ATM machines by using ATM cards.
If we do not have a balance on the SIM, we cannot talk over the mobile phone, similarly if there is no balance in your bank account, you cannot use the debit card. An ATM card can be used in the same manner as we use as a pay-as-you-go SIM card.
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