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bank identification number

   Also found in: Acronyms, Encyclopedia, Wikipedia 0.12 sec.
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Noun1.bank identification numberbank identification number - an identification number consisting of a two-part code assigned to banks and savings associations; the first part shows the location and the second identifies the bank itself
ABA transit number, BIN
identification number, number - a numeral or string of numerals that is used for identification; "she refused to give them her Social Security number"


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The electronic approval process for check verification is done by feeding a check through an electronic reader terminal that identifies the customer's account number and bank identification number or can be done by swiping a driver's license through a terminal that reads the personal information encoded on a magnetic stripe.
ECHO Check Verification Ranks 6th in Nation by Business Wire
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