Bank Card

Any card issued against a depositary account, such as an ATM card or a debit card. Sometimes the phrase is also used to refer to Visa and Mastercard, since these are also issued by banks, but they are credit cards and not linked directly to a depositary account.

Bank cards may be limited in their use, Some can only be used at ATM machines or for certain purchases.

Withdrawals or payments with bank cards will typically result in an immediate corresponding change in the balance of the account on which it is issued. This contrasts with credit cards, which issue statements at monthly intervals with balances which must be paid by a certain date.

Many bank cards are associated with either Visa or Mastercard; although purchases are debited from deposit accounts, purchases can be made as "credit" anywhere that accepts either Visa or Mastercard.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Bank-Card — Bank Card …   Deutsch Wörterbuch

  • bank card — ➔ card * * * bank card UK US noun [C] ► a plastic card with details of your bank account on it, that allows you, for example, to take money out of your account using an ATM → Compare CHEQUE CARD(Cf. ↑cheque card), C …   Financial and business terms

  • bank card — bank cards also bankcard 1) N COUNT A bank card is a plastic card which your bank gives you to get money from your bank account using a cash machine. It is also called an ATM card in American English. In Britain, you also use bank cards to prove… …   English dictionary

  • bank card — bank′ card n. bus a card issued by a bank for credit or information purposes Also called bank′ cred′it card …   From formal English to slang

  • bank card — n. an identification card with a magnetically coded strip, issued by a bank; specif., a) CREDIT CARD b) a card used for deposits, withdrawals, etc., as at an ATM1 …   English World dictionary

  • bank card — n 1.) AmE a ↑credit card provided by your bank 2.) BrE ↑cheque card …   Dictionary of contemporary English

  • bank card — bank ,card noun count a small plastic card that you use for making payments or for getting money from the bank …   Usage of the words and phrases in modern English

  • bank card — ► NOUN ▪ a cheque card …   English terms dictionary

  • Bank card — In general, a bank card refers to a plastic card issued by a bank and used to access funds from an account, such as:* ATM card, a plastic card linked to one or many accounts, primarily for ATM usage but also useable at merchants and branches. *… …   Wikipedia

  • bank card — UK / US noun [countable] Word forms bank card : singular bank card plural bank cards a small plastic card that you use for making payments or for getting money from the bank …   English dictionary

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