Personal Identification Number - PIN

AAA

DEFINITION of 'Personal Identification Number - PIN'

A numerical code used in many electronic financial transactions. Personal identification numbers (PINs) are usually used in conjunction with usernames or other passwords. They are also usually required when using bank debit or credit cards, and most banks or financial institutions issue PINs separately from the cards through the mail.

INVESTOPEDIA EXPLAINS 'Personal Identification Number - PIN'

PINs usually contain four digits. Not all electronic transactions use this number, but cash withdrawals from ATMs invariably require this code. PINs should be known only to the users and never disclosed to anyone else.

RELATED TERMS
  1. Bank

    A financial institution licensed as a receiver of deposits. There ...
  2. Credit Card

    A card issued by a financial company giving the holder an option ...
  3. Debit Card

    An electronic card issued by a bank which allows bank clients ...
  4. Automated Teller Machine - ATM

    An electronic banking outlet, which allows customers to complete ...
  5. Bank Card

    Any card issued against a depositary account, such as an ATM ...
  6. EMV

    A standard relating to integrated circuit cards, point-of-sale ...
Related Articles
  1. Credit, Debit And Charge: Sizing Up ...
    Credit & Loans

    Credit, Debit And Charge: Sizing Up ...

  2. Debit Card Fraud: Is Your Money At Risk?
    Credit & Loans

    Debit Card Fraud: Is Your Money At Risk?

  3. Choose To Beat The Bank
    Options & Futures

    Choose To Beat The Bank

  4. All About Banking
    Savings

    All About Banking

comments powered by Disqus
Hot Definitions
  1. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  2. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  3. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  4. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  5. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  6. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
Trading Center