Bank card or personal security code giving consumers the means to make deposits, withdraw funds, transfer funds, or pay bills electronically. As defined by Federal Reserve Board Regulation E, an access device is any Debit Card, Personal Identification Number home banking password, or bill payment code used to initiate an electronic transfer of funds. Financial institutions may issue an access device only at the consumer's request. See also Smart Card.
Access Device
| Banking Dictionary: Access Device |
| 5min Related Video: Access Device |
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 | DASD (abbreviation) |
| transfer rate (computer science) |
| access mode (computer science) |
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 | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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