cheque card
noun1
Banking, Business UK A small plastic card issued by a bank or similar which is a guarantee of payment of cheques written by the cardholder (up to a specified maximum amount).
- Banks have decided to end cheque guarantee card payments from July 2011. / The 24 members of the current cheque card system said that they had made the move in order to reflect consumer trends, with the popularity of the payment method in "terminal decline".2009 September 25, “Industry to close cheque card system”, in CompareAndSave.com:
2
Banking, Business South Africa A card issued by a bank or similar which behaves like a credit card but is in fact a type of debit card.
- Related terms
- debit card