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Bank Card

 

Transaction card giving bank customers the ability to pay for goods and services at retail merchants, and get cash at bank teller windows or at automated teller machines. A bank card may be a Credit Card tied to a pre-approved line of credit, or a Debit Card drawing funds from the holder's checking or savings account. A bank card is also a useful form of identification when cashing a check.

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Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more