check card
n.
A debit card that enables the user to withdraw funds from a checking account.
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A debit card that enables the user to withdraw funds from a checking account.
A card that combines characteristics of both a traditional (online) debit card and a credit card, allowing the cardholder to pay for goods and services directly from his or her bank account. As with a traditional debit card, a transaction using the offline debit card creates a debit against the cardholder's bank account. But unlike with a traditional debit card, no PIN is required during the transaction - all that is required is the user's signature. These cards are generally issued by credit card companies in association with the bank in which the account is held.
Also known as "check cards".
Investopedia Says:
This type of card will often have a maximum daily limit. If this is not the case, the maximum amount is based on the funds held in the underlying bank account. Because this debit card is "offline", the bank account is not accessed directly, meaning there's a delay of 24 to 72 hours before the amount of a purchase is debited from the account.
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Visa or MasterCard debit card that deducts funds from a cardholder's checking account. Check cards are frequently accepted by restaurants and other merchants that also accept Visa or MasterCard credit cards as a replacement for personal checks.
The term check card can refer to:
- An identification card issued by a
- A
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![]() | Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2007. Published by Houghton Mifflin Company. All rights reserved. Read more | |
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![]() | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more | |
![]() | Wikipedia. This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Check card". Read more |
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