Bank card,

Definition of Bank card:

1. Bank-issued plastic card with a magnetic stripe that holds machine readable identification code. Bank cards are used for electronic commerce (with magnetic stripe readers or via Internet) and for banking transactions through automatic teller machines (ATMs). Two main types of bank cards are credit cards (which allow drawing of funds up to an approved credit limit) and debit cards (which allow drawing of funds up to the available balance in cardholders account).

2. A plastic card issued by a bank which enables a customer to withdraw money at an automated teller machine.

3. A bank card is any card issued against a depository account, such as an ATM card or a debit card. Sometimes the phrase is also used to refer to Visa and MasterCards since these are also issued by banks, but they are credit cards and not linked directly to a depository account.

4. Bank cards may be limited in their use; some can only be used at ATM machines or for certain purchases. Most bank ATM cards also require a PIN in order to be used.

How to use Bank card in a sentence?

1. Most bank cards nowadays also have EMV chips for security purposes, in addition to the standard magnetic stripe.
2. A bank card is a card that is linked to a depository account, including ATM cards and debit cards.
3. If there does have to be some way of ‘definitively’ proving that a passport, ID card, or bank card belongs to the person holding it, then fingerprints or iris scans are relatively simple and immutable.
4. Similar to other kinds of cards, bank cards can be used for e-commerce purchases and other kinds of spending, with the amount deducted directly from the account at the time of transaction.