Glossary · Banking

What is Bank card?

Also known as: plastic card

A means of payment used to pay without cash, transfer money and withdraw cash from funds in a bank account. With a debit card the holder spends the money in their own account; with a credit card the holder uses borrowed funds within a limit granted by the bank.

Source: Britannica Money: Debit card; Britannica Money: Money — Credit and money

See also

More terms: Banking

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