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. Credit Card Authorized User

    Definition of an authorized user of a credit card.
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

Hot Definitions
  1. Halloween Strategy

    An investment technique in which an investor sells stocks before May 1 and refrains from reinvesting in the stock market ...
  2. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  3. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  4. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  5. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  6. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
Trading Center