Bank card refers to a credit payment tool issued by commercial banks (including postal financial institutions) with all or part of the functions of consumer credit, transfer settlement, cash deposit and withdrawal, etc. Bank card reduces the circulation of cash and checks, which makes the banking business break through the limitation of time and space and undergo fundamental changes. The application of bank card automatic settlement system makes the dream of "no cheque, no cash society" come true.
The functions of the bank card are:
1, consumption. Cardholders can spend money or pay service fees in special merchants in accordance with the scope and methods stipulated by the issuing bank. Usually, they can pay in cash by showing their bank cards and entering reserved passwords or showing their identity documents.
2. Deposit and withdrawal and exchange. Cardholders can use bank cards for deposits, withdrawals (including remote and inter-bank withdrawals) and remittances.
3. Overdraft. Credit card holders can also apply for a certain amount of credit overdraft.
4. Use of the unit card. The company card is not allowed to deposit or withdraw cash, and all funds in the company card are transferred out of basic account and deposited. The unit card can handle the settlement of commodity trading and labor supply funds, but it shall not be overdrawn.
The concept of bank card
Broadly speaking, a bank card refers to a credit voucher and a payment tool issued to the society by commercial banks, non-bank financial institutions (including insurance and postal financial institutions) or professional card issuing companies (collectively referred to as card issuing institutions) with all or part of the functions of credit overdraft, consumption settlement, transfer payment, cash deposit and withdrawal, etc.
Narrow bank card refers to the bank card issued by commercial banks.